Mining Store

4-1-2026 Run the numbers first. These people rely on you not knowing the numbers to lure you in. I could write an essay, but I will keep it short as i can. It is not profitable to mine Bitcoin through the mining store unless Bitcoin is over $195k. I have one miner, with an advertised profitability of 0.036601 Bitcoin per year (this value fluctuates without warning, up and down) the life of a miner is about 5 years, but the next Bitcoin halving is 2028, i will factor that into the calculation. Cost of miner $8.2k Running costs (5 years) $20.5k Total $28.7k Total mined over 5 years taking Bitcoin halving into account = 0.146404 Bitcoin 0.146404 X $195,000 = $28,548 Bitcoin needs to be at $195k for you to break even,(check the current price) you are better off buying it on an exchange at the current price and you will get more for your money, although there is some tax benefit for the outlay. Now here's the kicker, iv had my miner for 3 months and in that time it has mined 0.00533036, we multiply that by 4 for an average for the year and we get 0.02132144 Bitcoin per year (underperforming 40% compared to what website says) which means at this rate for me to break even Bitcoin needs to be roughly $330k per coin just to cover running costs. I jumped into this head first and only realised later when I ran the numbers iv made a mistake. There will probably be a response to this trying to explain everything away, but the numbers don't lie. Whats worse is we will be heading into a bear market for the next 4 years, which basically means the price of all crypto will be down by the end of the year. Also, once they have your money, youre made to sign a lengthy contract that locks you in for 2 years. Iv read a review of a person who had trouble recovering his money because he didnt want to sign the contract. Just dodgy practices all round. The miners are hosted in Ethiopia, a simple google search tells me it costs about $20,000 USD ($30,000 AUD) To mine 1 Bitcoin in Ethiopia, so the mining store is clearly making a huge mark up if Bitcoin has to be at $185k AUD To break even.