Earn $100,000 from crypto mining in 3 weeks

JayDDee

full member

Activity: 1424

Merit: 225

I don't believe it. Installing a car charger is not easy and not cheap and usually involves the power company.
There are easier and cheaper ways to get power for a short term. Then there's the cost of the rigs. And all this
investment in a depressed mining market. Oh, and they just happened to get lucky.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: FP91G on August 07, 2024, 11:46:56 AM

It is clear that mining standard coins does not yield such profits. If this is true, they could have mined a little-known shitcoin before entering the crypto exchange. Or they were the developers of that coin themselves.

yeah they may have caught a coin that jumped way up in price.

But for arguments sake lets say they had a L3+ asic and mined doge when doge was at 0.002 usd

then sold the doge at 0.70 usd a 350x increase it was not about the mining it was about mining a how coin at the right time.

they simply could have purchased 150,000 doge for 0.002 usd a coin which is only 300 bucks and it became 105,000 usd a year later.

Frankly I would love to see the detail of what they mined for sure.

FP91G

legendary

Activity: 1834

Merit: 1131

It is clear that mining standard coins does not yield such profits. If this is true, they could have mined a little-known shitcoin before entering the crypto exchange. Or they were the developers of that coin themselves.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: FP91G on August 04, 2024, 04:43:34 AM

Airbnb host, Ashley, shared her experience on Tiktok about guests who racked up a $1,500 electric bill by installing an electric car charging station and mining cryptocurrency during their three-week stay. Although the guests left the lodging in excellent condition, their excessive energy use, captured on exterior security cameras when they brought 10 computers, prompted Ashley to implement a new rule against cryptocurrency mining and electric vehicle charging. The incident led to a protracted battle with Airbnb to recoup the extra charges, though guests have admitted their actions, disclosing that they made more than $100,000 from crypto mining. Other Airbnb hosts shared Ashley's sentiments, with many having to implement similar bans.
https://news.bitcoin.com/ru/hozyain-airbnb-vvodit-pravilo-net-mayninga-posle-togo-kak-gosti-snyali-ego-zhile-dlya-dobychi-kriptovalyuty/

New story on bitcoin.com.
I don't know how they did it in 3 weeks and I don't understand why rent a house with such a profit when you can do it in your house.

turning $1500 in power to $100,000 is pretty much fantasy. It not very likely at all. I doubt they got 100k worth of coins.

Yeah they could have hit a block or two but not very likely.

Really good power to earnings is 10% to 20%

Ie 1500 worth of power makes 7,500 to 15,000

I had a gpu rig making 100 a day at peak in 2021. it burned 2.5kwatts so that is 2.5 x 24 x 21 = 1260 kwatts in 3 weeks and 2100 usd at 20 cent power cost it would be 252

so 252 in power earned 2100 in coin six machines would do

1512 in power and 12600 in coin.

this 12 card rig was 11 rtx a4500 and 1 rtx a5000 gpus

it did 1000-1050 hash for Eth it was the best gpu rig I ever owned.

Most likely it was better than 98% of all the eth rigs ever made.

and it only would turn $252 power into $2100 in coin. in three weeks time

FP91G

legendary

Activity: 1834

Merit: 1131

Airbnb host, Ashley, shared her experience on Tiktok about guests who racked up a $1,500 electric bill by installing an electric car charging station and mining cryptocurrency during their three-week stay. Although the guests left the lodging in excellent condition, their excessive energy use, captured on exterior security cameras when they brought 10 computers, prompted Ashley to implement a new rule against cryptocurrency mining and electric vehicle charging. The incident led to a protracted battle with Airbnb to recoup the extra charges, though guests have admitted their actions, disclosing that they made more than $100,000 from crypto mining. Other Airbnb hosts shared Ashley's sentiments, with many having to implement similar bans.
https://news.bitcoin.com/ru/hozyain-airbnb-vvodit-pravilo-net-mayninga-posle-togo-kak-gosti-snyali-ego-zhile-dlya-dobychi-kriptovalyuty/

New story on bitcoin.com.
I don't know how they did it in 3 weeks and I don't understand why rent a house with such a profit when you can do it in your house.

Topic: Earn $100,000 from crypto mining in 3 weeks (Read 142 times)