Quote:
Originally Posted by ScaringChildren
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I SERIOUSLY doubt you're making 25k Euros a month through mining.
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Only around $7k USD mining, that's after expenses and subject to a lot variance due to market fluctuation and evolving network difficulties. August is going to be great, september probably not so much.
I'm not sure why you say making 25k euros / months through mining is hard to believe. There's a ton of people who make that or orders of magnitude more. You just don't know them. They usually keep as low profile as possible for a variety of reasons, not to mention many higher-profile miners outsource the actual hardware to countries with low labor and energy costs, like Georgia or Romania, so it's not like they have their 50 kilowatt farms in their basements.
It's only a matter of being on top of your game, and when it comes to mining it's 90% about properly planning and TIMING your hardware purchases / sales. This stuff takes time to learn, and trial and error to get good at.
I dumped like 20x 1070 GPUs to a guy (in France) the other day who is 23 years old. He has been mining since 2014 (bitcoin and ether, now mostly zec/zen and some ether I think). He's sitting on a cool 20-30 million euros in crypto and fiat.
Matter of fact, he's so young and so naive, he sold about 900k euros worth of crypto last november, and simply... wired the proceeds to his very regular french bank account. Needless to say, the wire triggered every possible red flag, the french anti-money laundering authorities seized the money and he only got it back about a month ago after a mountain of paperwork, explanations and paying 62% tax on it. The french mining chat rooms are still laughing.