Chase Money & Not Muff - MGTOW

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Hi Everyone Sandman Here,

This video is brought to you by a donation from Ron and here's what he has to say: "Hello Mr. Sandman, hope all is well my brother? I wanted to get your take on young men and/or men in general acquiring skills sets in crypto currency mining. I've ordered books recently to conduct my own research, but prefer to get your molecular breakdown. I retired from the U.S. Navy with 20 years service and presently 10 years in with another federal agency. Hopefully I can do another 10 with 40 years total government service. Besides investing in Bitcoin, I wanted to possibly explore acquiring skill-sets in crypto mining. God Speed to your future endeavors Sir." Well Ron thanks for the donation and topic. It's not a topic most guys are interested in. But I've made more money chasing Bitcoin instead of babes. Crypto mining is a horrible cut throat business. In the last year and a half the hash rate or number of computers mining Bitcoin has grown exponentially and tripled. The production was cut in half three months ago. So that means that if you didn't grow your mining capacity over the last year and a half you would be getting six times less Bitcoin. Sure the price has gone up two and a half times in price since then. But your profit has been cut more than by half. The price has to double again to compensate your efforts from here. So a 130 to 140k Bitcoin or there's going to be hell to pay. Plus a lot of mining companies weren't profitable to begin with. Wall Street hedge funds are circling like buzzards circling above shorting the mining stocks which have massively underperformed owning Bitcoin outright. With a business like that what young guy would want to start a mining company. Even with free electricity I wouldn't do it. Ron I think that young guys are too late for this cycle unless they want to go to a third world and work there. That's where a lot of the new mining capacity is coming from. I believe that Paraguay or some other South American country is selling electricity to foreign Bitcoin miners. Maybe go to a place like Africa if you want to setup a mining business. But then you have to worry about people stealing your mining equipment. By all means learn about installing the IT infrastructure for a mining company but if you start your own company only the best survive and it's a cut throat business and I'd never get into it. Get jobs working on remote hydro electric sites in a place like Northern Canada if the next Prime Minister of Canada, Pierre Poilievre funds them. Those will be multiple six figure jobs. But remember that in ten years 99% of the Bitcoin will have been mined. The mining goldrush will end. You don't see guys like Michael Saylor putting his money in Mining. He's buying the asset and sitting on it waiting for it to appreciate. People are also waking up and not buying shit coins either. Those have barely appreciated at all this cycle.