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Should YOU Be Mining Bitcoin in 2025? | Beyond Bitcoin · Simply Bitcoin

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  Is Bitcoin mining really worth it in 2025?
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  That's the million satoshi question right now on everyone's
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  mind, even yours. Am I right, Jason?
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  Depending on who you ask, mining is either destroying the planet.
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  Bitcoin consumes more electricity than countries like
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  Sweden and Pakistan. That's country with more than
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  220 million people. We're the greatest technological
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  innovation since the Internet. Winners not coming back, we're
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  past that. We're past that phase.
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  If bitcoins not going to 0, it's going to $1,000,000 and you have
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  all the evidence you need to determine that right The
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  president of the United States has determined he supports
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  Bitcoin, the cabinet supports Bitcoin, Scott peasant supports
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  Bitcoin Paul Atkins has shown himself to be an enthusiastic
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  believer of Bitcoin and today we're.
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  Going to break down three things, One, whether Bitcoin
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  mining might be right for you, 2.
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  How mining impacts the true cost per Bitcoin.
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  And three, the surprisingly creative way that people are
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  using all the heat from their Bitcoin miners.
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  We're talking greenhouses in Scandinavia, apartment complexes
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  in Canada, even pools and bath houses powered by mining rigs.
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  So maybe the real question isn't if Bitcoin mining is worth it.
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  It might be closer to whether this so-called wasted heat is
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  flipping the entire energy debate on its head.
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  I'm oceans. This is beyond Bitcoin.
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  Let's dive in. Let's start by getting a little
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  personal. Should you be mining?
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  Oh me? Here's the honest truth, for
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  most individuals, running a few mining rigs in your garage isn't
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  the golden ticket it used to be. Difficulty has climbed to new
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  record highs and industrial scale miners dominate.
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  Energy prices in many places have made home mining fairly
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  profitable unless you have access to stranded or cheap
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  energy. But that doesn't mean that
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  mining is not worth it. It just means that the question
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  has shifted. Mining today isn't just about
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  squeezing out sets from your basement rig.
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  It's also about participating in an energy market.
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  If you're in Paraguay with hydro or Texas with wind, or even
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  Iceland with geothermal, mining can be incredibly profitable.
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  But if you're in California paying basic utility rates, not
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  so much. So the better lens is, are you
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  aligned with cheap, abundant energy?
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  If yes, mining could be right for you.
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  Mining also changes the way that we think about the cost of
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  Bitcoin itself. On paper, the block subsidy plus
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  the transaction fees is what pays the miners.
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  But the hidden layer is electricity.
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  Every Bitcoin in circulation is not backed by government decree,
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  but backed by the megawatts that are burned to secure the network
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  .21 megawatts. That electricity cost sets a
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  kind of floor price. Studies show that miners turn
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  off their machines when the Bitcoin price dips below the
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  cost per coin. And that's why energy cost
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  curves are such a big deal. And here's the kicker.
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  Oh yeah, the heat by product lowers the cost when it's
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  reused. If you're heating apartments,
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  pools or greenhouses with mining rigs, this essentially gives you
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  2 products for the price of 11 Bitcoin. 2 the heat.
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  And that drops the cost of Bitcoin production in ways that
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  critics don't account for. And this is where it gets
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  interesting. Around the world, miners are
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  finding quirky and practical ways to turn waste into value.
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  In North Vancouver, Mint Greens digital boilers now heat 7000
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  apartments and 100 buildings, recovering 96% of electricity as
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  usable heat. In Scandinavia, greenhouses in
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  -30 Celsius winters stay alive thanks to mining rigs.
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  I need the fresh tomatoes in the Arctic.
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  That sounds more like it's from Transylvania.
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  I need the fresh tomatoes in the Arctic.
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  I'll be cancelled for that one, I'm sure.
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  In Brooklyn there's a bath house.
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  Imagine soaking in a spa heated by ASICS while those same rigs
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  earn 1.5 Bitcoin a year. That's happening right now.
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  But while the bath house is designed to evoke ancient
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  tradition, what's going on behind the scenes is cutting
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  edge. Step behind the old school
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  facade, pass the dryers in the back of house staff and you'll
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  find the pump room where the water's piped into.
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  The baths are heated up to 104°. But you'll also find something
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  extraordinary. Computers submerged in fluid,
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  serving dual purposes, heating the water and mining Bitcoin.
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  It kind of clicked in my mind. Bitcoin mining produces heat as
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  a byproduct. I buy energy to create heat.
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  He found YouTube videos of hobbyists using Bitcoin to heat
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  their pools and hot tubs. Instead of cooling the computers
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  with fans, they're submerged in a specially engineered
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  biodegradable fluid that doesn't conduct the electric current but
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  does absorb the heat, which a heat exchanger transfers into
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  hot water that moves directly into the pools.
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  In Vancouver, there's a proposal to heat a public pool using
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  mining rigs and also generate revenue for the city.
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  An idea to heat Kitsilano pool using Bitcoin mining was
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  discussed at a conference in Vancouver today, An event Mayor
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  Ken SIM also attended and spoke at this afternoon's panel was
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  part of the Learning Bitcoin conference this weekend at the
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  Vancouver Convention Centre. The participants discussed how
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  Bitcoin miners are essentially computers, and the heat
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  generated from them could be used to heat Kit's pool for use
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  all year round. Adding it could even make the
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  city money. Mining heat is no longer waste,
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  it's becoming infrastructure. You may wonder why this Bitcoin
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  mining contraption looks like it's built onto a trailer.
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  Well, let me familiarize you with the concept of the stranded
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  well. The ground beneath us here is
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  filled with a pocket of black gold.
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  On top of that oil is a giant pressurized cap of stranded gas.
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  It gets that name because it's pretty hard to transport, and
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  it's going to come out of the ground as a part of the process
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  of retrieving that oil. But a well like this one is
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  simply too remote to do anything with the gas.
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  You can't get a pipeline to it. You can't truck it away.
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  It's either too expensive or technically not feasible to
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  build a pipeline to carry. So what the oil companies do
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  instead is this. They just set it on fire and
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  burn it off into the air. That is an enormous amount of
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  potential energy just literally up in flames.
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  So this is where the innovative Bitcoin miner is swooping in.
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  Instead of just venting this gas off into the atmosphere like
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  you're literally seeing it do now, it can be diverted into
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  these fairly giant generators. And since we're on the topic of
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  resilience, let's talk about communications.
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  Because when the grid fails or you happen to be off the beaten
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  path, you still need to stay connected.
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  That's where SAT 123.com comes in.
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  Whether you're running miners off grid or you're just camping
• 6:43
  with your family, SAT 123 has got you covered in all aspects
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  of life. And if you go to sat123.com
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  right now and you put the promo code in simply, you'll get 15%
• 6:53
  off your purchase. Stay connected anywhere and
• 6:55
  don't lose your sovereigntysat123.com.
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  Let's zoom out again. This isn't just about pools and
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  greenhouses in Norway. Crypto Vault uses mining heat to
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  dry lumber and plans to dry seaweed.
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  In the US, Crusoe Energy deploys miners to capture flared gas at
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  oil fields, turning pollution into profit, and marathon
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  digital mines with landfill methane literally turning trash
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  into Bitcoin. According to the EPA, municipal
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  solid waste landfills contribute to approximately 14% of human
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  related methane emissions in the United States.
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  Instead of flaring or venting greenhouse gas, Bitcoin miners
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  can beneficially use that energy directly on site.
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  To explore this concept, Marathon has initiated A280
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  kilowatt pilot project with Nodal power to mine Bitcoin at
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  an off grid Utah landfill facility.
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  If successful, Marathon may be able to further diversify its
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  operations, lower its energy costs and reduce greenhouse gas
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  emissions. And this is the part that
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  critics miss the most. Mining is evolving into an
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  energy innovation lab. Instead of being an energy
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  drain, it's becoming an energy optimizer.
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  So is mining worth it in 2025? Well, if you're paying a retail
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  electricity, maybe not. Unless you have a bit ax or like
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  1000 bit axes. If you're chasing it for quick
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  profit also maybe not. But if you measure the network
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  as an energy buyer of last resort, a floor setter for
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  global power markets, and a generator of useful heat, then
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  yes, it's absolutely worth it. Because for the first time we
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  have a system where the waste by product heat of money itself is
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  solving real world problems. Heat is everything.
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  You wouldn't have anything without heat.
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  We wouldn't have our modern technology without heat.
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  From cave fires to digital boilers, the pattern hasn't
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  changed. Humanity moves forward when we
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  learn of new ways to stay warm. And if you're wondering how to
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  get into mining without filling your garage with noisy rigs,
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  well, sasmining.com probably has a solution you're looking for.
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  They host and maintain your miners powered by renewable
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  energy like hydropower. You own the hardware, they
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  handle the uptime and operations, and you collect the
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  Bitcoin. Many of their sites are now 100%
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  carbon free. So if you want to see first hand
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  if mining is worth it in 2025, go to saasmining.com and book a
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  call with one of their expert team members.
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  Start mining today. Thank you so much for watching
• 9:26
  this episode. If you like what you see and you
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  want to see more, make sure you hit that like button below.
• 9:30
  Or you can hit the subscribe button to the Simply Bitcoin
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  channel where we're coming up with content like this every
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  single day of the week, every single day.
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  Also, don't forget to hit that notification bell.
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  It'll give you updates on when we come out with our latest
• 9:43
  videos. Other than that, stay healthy,
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  stay happy, be safe and make money.
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  I'm oceans. This is beyond Bitcoin.
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  Sayonara, suckers. Sayonara, suckers.