Is Bitcoin mining really worth it in 2025?
That's the million satoshi question right now on everyone's
mind, even yours. Am I right, Jason?
Depending on who you ask, mining is either destroying the planet.
Bitcoin consumes more electricity than countries like
Sweden and Pakistan. That's country with more than
220 million people. We're the greatest technological
innovation since the Internet. Winners not coming back, we're
past that. We're past that phase.
If bitcoins not going to 0, it's going to $1,000,000 and you have
all the evidence you need to determine that right The
president of the United States has determined he supports
Bitcoin, the cabinet supports Bitcoin, Scott peasant supports
Bitcoin Paul Atkins has shown himself to be an enthusiastic
believer of Bitcoin and today we're.
Going to break down three things, One, whether Bitcoin
mining might be right for you, 2.
How mining impacts the true cost per Bitcoin.
And three, the surprisingly creative way that people are
using all the heat from their Bitcoin miners.
We're talking greenhouses in Scandinavia, apartment complexes
in Canada, even pools and bath houses powered by mining rigs.
So maybe the real question isn't if Bitcoin mining is worth it.
It might be closer to whether this so-called wasted heat is
flipping the entire energy debate on its head.
I'm oceans. This is beyond Bitcoin.
Let's dive in. Let's start by getting a little
personal. Should you be mining?
Oh me? Here's the honest truth, for
most individuals, running a few mining rigs in your garage isn't
the golden ticket it used to be. Difficulty has climbed to new
record highs and industrial scale miners dominate.
Energy prices in many places have made home mining fairly
profitable unless you have access to stranded or cheap
energy. But that doesn't mean that
mining is not worth it. It just means that the question
has shifted. Mining today isn't just about
squeezing out sets from your basement rig.
It's also about participating in an energy market.
If you're in Paraguay with hydro or Texas with wind, or even
Iceland with geothermal, mining can be incredibly profitable.
But if you're in California paying basic utility rates, not
so much. So the better lens is, are you
aligned with cheap, abundant energy?
If yes, mining could be right for you.
Mining also changes the way that we think about the cost of
Bitcoin itself. On paper, the block subsidy plus
the transaction fees is what pays the miners.
But the hidden layer is electricity.
Every Bitcoin in circulation is not backed by government decree,
but backed by the megawatts that are burned to secure the network
.21 megawatts. That electricity cost sets a
kind of floor price. Studies show that miners turn
off their machines when the Bitcoin price dips below the
cost per coin. And that's why energy cost
curves are such a big deal. And here's the kicker.
Oh yeah, the heat by product lowers the cost when it's
reused. If you're heating apartments,
pools or greenhouses with mining rigs, this essentially gives you
2 products for the price of 11 Bitcoin. 2 the heat.
And that drops the cost of Bitcoin production in ways that
critics don't account for. And this is where it gets
interesting. Around the world, miners are
finding quirky and practical ways to turn waste into value.
In North Vancouver, Mint Greens digital boilers now heat 7000
apartments and 100 buildings, recovering 96% of electricity as
usable heat. In Scandinavia, greenhouses in
-30 Celsius winters stay alive thanks to mining rigs.
I need the fresh tomatoes in the Arctic.
That sounds more like it's from Transylvania.
I need the fresh tomatoes in the Arctic.
I'll be cancelled for that one, I'm sure.
In Brooklyn there's a bath house.
Imagine soaking in a spa heated by ASICS while those same rigs
earn 1.5 Bitcoin a year. That's happening right now.
But while the bath house is designed to evoke ancient
tradition, what's going on behind the scenes is cutting
edge. Step behind the old school
facade, pass the dryers in the back of house staff and you'll
find the pump room where the water's piped into.
The baths are heated up to 104°. But you'll also find something
extraordinary. Computers submerged in fluid,
serving dual purposes, heating the water and mining Bitcoin.
It kind of clicked in my mind. Bitcoin mining produces heat as
a byproduct. I buy energy to create heat.
He found YouTube videos of hobbyists using Bitcoin to heat
their pools and hot tubs. Instead of cooling the computers
with fans, they're submerged in a specially engineered
biodegradable fluid that doesn't conduct the electric current but
does absorb the heat, which a heat exchanger transfers into
hot water that moves directly into the pools.
In Vancouver, there's a proposal to heat a public pool using
mining rigs and also generate revenue for the city.
An idea to heat Kitsilano pool using Bitcoin mining was
discussed at a conference in Vancouver today, An event Mayor
Ken SIM also attended and spoke at this afternoon's panel was
part of the Learning Bitcoin conference this weekend at the
Vancouver Convention Centre. The participants discussed how
Bitcoin miners are essentially computers, and the heat
generated from them could be used to heat Kit's pool for use
all year round. Adding it could even make the
city money. Mining heat is no longer waste,
it's becoming infrastructure. You may wonder why this Bitcoin
mining contraption looks like it's built onto a trailer.
Well, let me familiarize you with the concept of the stranded
well. The ground beneath us here is
filled with a pocket of black gold.
On top of that oil is a giant pressurized cap of stranded gas.
It gets that name because it's pretty hard to transport, and
it's going to come out of the ground as a part of the process
of retrieving that oil. But a well like this one is
simply too remote to do anything with the gas.
You can't get a pipeline to it. You can't truck it away.
It's either too expensive or technically not feasible to
build a pipeline to carry. So what the oil companies do
instead is this. They just set it on fire and
burn it off into the air. That is an enormous amount of
potential energy just literally up in flames.
So this is where the innovative Bitcoin miner is swooping in.
Instead of just venting this gas off into the atmosphere like
you're literally seeing it do now, it can be diverted into
these fairly giant generators. And since we're on the topic of
resilience, let's talk about communications.
Because when the grid fails or you happen to be off the beaten
path, you still need to stay connected.
That's where SAT 123.com comes in.
Whether you're running miners off grid or you're just camping
with your family, SAT 123 has got you covered in all aspects
of life. And if you go to sat123.com
right now and you put the promo code in simply, you'll get 15%
off your purchase. Stay connected anywhere and
don't lose your sovereigntysat123.com.
Let's zoom out again. This isn't just about pools and
greenhouses in Norway. Crypto Vault uses mining heat to
dry lumber and plans to dry seaweed.
In the US, Crusoe Energy deploys miners to capture flared gas at
oil fields, turning pollution into profit, and marathon
digital mines with landfill methane literally turning trash
into Bitcoin. According to the EPA, municipal
solid waste landfills contribute to approximately 14% of human
related methane emissions in the United States.
Instead of flaring or venting greenhouse gas, Bitcoin miners
can beneficially use that energy directly on site.
To explore this concept, Marathon has initiated A280
kilowatt pilot project with Nodal power to mine Bitcoin at
an off grid Utah landfill facility.
If successful, Marathon may be able to further diversify its
operations, lower its energy costs and reduce greenhouse gas
emissions. And this is the part that
critics miss the most. Mining is evolving into an
energy innovation lab. Instead of being an energy
drain, it's becoming an energy optimizer.
So is mining worth it in 2025? Well, if you're paying a retail
electricity, maybe not. Unless you have a bit ax or like
1000 bit axes. If you're chasing it for quick
profit also maybe not. But if you measure the network
as an energy buyer of last resort, a floor setter for
global power markets, and a generator of useful heat, then
yes, it's absolutely worth it. Because for the first time we
have a system where the waste by product heat of money itself is
solving real world problems. Heat is everything.
You wouldn't have anything without heat.
We wouldn't have our modern technology without heat.
From cave fires to digital boilers, the pattern hasn't
changed. Humanity moves forward when we
learn of new ways to stay warm. And if you're wondering how to
get into mining without filling your garage with noisy rigs,
well, sasmining.com probably has a solution you're looking for.
They host and maintain your miners powered by renewable
energy like hydropower. You own the hardware, they
handle the uptime and operations, and you collect the
Bitcoin. Many of their sites are now 100%
carbon free. So if you want to see first hand
if mining is worth it in 2025, go to saasmining.com and book a
call with one of their expert team members.
Start mining today. Thank you so much for watching
this episode. If you like what you see and you
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stay happy, be safe and make money.
I'm oceans. This is beyond Bitcoin.
Sayonara, suckers. Sayonara, suckers.