Part 8/12:
A sobering segment covers Bitcoin mining, highlighting the high costs and risks involved. Using a detailed example from August 2021, the speaker describes an individual miner who invested approximately 1 Bitcoin (around $7,500 per rig at the time) in six mining rigs. Due to rising electricity costs and depreciation of hardware, these rigs now only worth around $500 each, and the miner experienced a 75% loss on their initial investment.
This analysis underscores that mining is a cutthroat, capital-intensive business requiring scale, modern equipment, and favorable electricity rates to be profitable. Many early miners who did not adapt are facing losses, reinforcing that amateurs should be cautious before jumping into mining.