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Old 11-15-2024, 02:11 PM  
V_RocKs
Damn Right I Kiss Ass!
 
Industry Role:
Join Date: Dec 2003
Location: Cowtown, USA
Posts: 32,391
I would say your investment would have to be around $100K+ and you'd have to have found something new that nobody else is doing.

Speaking of Helium. I got into it early and with 1 miner I was doing around $80 to $150 per day. I was alone in my area accept for perhaps 15 others who were on hilly terrain. So I was the connecting point for all of them. Then I began to get neighbors. Lots of neighbors. I am talking 5 new ones per day. I still made about the same for a while. Then things went South real quick. Suddenly I had 100+ neighbors in my valley and I was doing $25 to $50 per day. So I set some up at several houses owned by family and friends. Went back to $80 to $150 per day for a few months. Then my neighbors had 50 neighbors and it went to $5 to $25 per day. And the value plummeted. I did sell a good portion that I converted into something else for around $8000 and basically made very little profit over a 2 year period. Now when I look at the map of my area it has 10,000 miners or so? I think people now make less than they spend in electricity.

Was fun while it lasted.
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