So I’ve recently been considering getting into mining due to how passive it is. I could keep my day job while mining and it seems like all it takes is the upfront investment.
I’ve got $100k and thinking I’d get 10 S19 Pros to start. When I run the number on an online calculator is estimates I’d make about $7900/month after electricity costs.
Seems good and I’d be okay with a 1.5 year ROI since I’d likely keep reinvesting profits to build up more momentum.
My only concern is THIS…
What happens to that mining equation if Bitcoin goes to $25,000? What happens if it goes to $100k and settles in some $60-$90k range for 2022 and beyond? What about in 2024 at the next halving?
I’m basically trying to figure out if there’s any situations in which I totally lose my investment?
If I pursue this my goal would be to keep buying more miners until… idk I’m making $1,000,000/year maybe? Is this type of “race” possible? Is this something I can leave to my kids someday?
Thanks for any help in advance!