Bitcoin and Crypto Mining Farm Scaling Plans REVEALED

I've been pouring everything I've got into my business for over 7 years now my business is boscoin originally just birthed out of my obsession with cryptocurrency I started boscoin to document my crazy crypto Journey but boscoin was also my business to deal with my mining Endeavor I began mining with a business mindset from day one I'm I'm putting my money in and I need to get that money back out like I want to recute my investment which means I'll pay off uh my mining Hardware as well as pay off my crypto positions right so if I put a grand into Bitcoin back then and then it goes up a grand I sell a grand and then I've got a grand of free Bitcoin and I've got my initial investment back I really didn't have all that much money back then I racked up credit cards with 0% APR to be very clear I gave myself an 18-month runway on most stuff uh to basically figure it out and uh try to break even a worst case scenario by then I know I wasn't happy with with where I was in life I I was not happy with my job my pay my my net worth financially I was incredibly unsatisfied so I did aggressive and risky things to try to speedrun uh some gains some things worked out nice some things didn't uh so today I really want to talk about what kind of what's next where am I going from here let me fill the Gap in between the beginning and where I'm at now uh for you though so I kind of gave you a crash course on the beginning and over the years I built the boscoin YouTube channel we've tried to be a crypto YouTube leader a crypto content creator uh you know leading the space doing the best we can uh we've got a full-time team seven people on boscoin you know I'm so proud to be able to employ people to help me on this journey because uh for many years several years I did everything by myself you learn a lot uh but it's kind of miserable every day was a 12-hour work day uh I have a lot of long days still uh but I but boscoin produces so much more there there's so much support and so much help uh for boscoin these days but with the Bitcoin having it makes you wonder is Bitcoin mining really viable on a smaller scale I'm competing with companies that have valuations in the billions of dollars that's crazy and to be frank I am losing against them not all of them not all of them but but but some of them as I should be from a numbers point of view they have to make gross mistakes to lose because I don't have economies of scale and everything else uh bosquin has does have some unique business advantages coupling a mining farm with content creation uh it does give us an edge but my electricity rate still trash uh compared to Major mining Farms I'm paying 10 cent per kilowatt hour and that's one of the key next steps I want to talk about uh is I've started to get the ball rolling to build out a 1 megawatt plus mining Farm which will help me secure a ideally 7 Cent per Kow electricity rate worst case depending on when I finally freaking get there and may be closer to 7 and 1/2 or even eight uh but you've got to pull at least half a megawatt of juice to get down to that rate uh in my area so that's a lot of gear I would have to two to 3x my mining Farm size uh as it is currently which I'm prepared to do I'm eager to do I'm hopeful to do uh but but it's also scary too right speaking of earning passive income if you want another way to do that you can check out Revolution mining we've been working with Revolution mining for a while now and they are a great sponsor of the bosin YouTube channel they offer a turnkey solution to get mining exposure and not only do they offer procurement and deployment of Bitcoin miners they'll do that for other mining rigs as well like Caspa Asic miners just as one example example in addition to being able to buy miners through them you could also simply seek hosting with them learn more about them with the link out in the video description below slow and steady from a business point of view it it's great it's conservative right like I get a minor pay it off nice okay get a minor pay it off or you know buy 10 miners pay them off nice buy 10 more miners uh that's a great way to operate and it's conservative but the reality is crypto currency it's very volatile there's a lot of great opportunity and then just uh you know times when you're sitting here scratching your head wondering what what move do I make what where can I go from here uh there's not always in my opinion great moves to be made uh depending uh on you know which cryptocurrencies you're buying or which cryptocurrency functions you're doing right like liquidity mining staking and of course I have a heavy focus in mining mining is running computers and other equipment and being paid for it I literally turned my electricity into cryptocurrencies it's incredible it is cool uh but one thing never stops and that's going to be the electricity bills coming in and uh I've made a very bold move to hudle the coins on mining in firm hope and belief that we have not seen the best prices for these cryptocurrencies yet I want to see a parabolic buor where I can't even get a haircut without the dude talking to me about you know what coin he just bought into and you contrast that to where we're at right now there's a lot of skepticism on cryptocurrency still uh and while Bitcoin is sitting at a pretty good price itself most cryptocurrencies are not at all-time highs or really even all that close to it will we see another Bull Run Like days past I hope so but of course I don't know so I don't know if that really worked but I thought it sounded kind of cool in my head before I said it with my strategy and my hopeful parabolic bow run I will take massive profits uh and hopefully somewhere around the top I don't want to be too greedy uh you know my target is just 20% within the all-time highs of the cycle and uh if we haven't hit a new all-time high since 2021 and the Project's not completely trash dead I don't really want to sell my positions a lot of my positions are uh longterm now or they will be by the time that I sell I've paid taxes on that cryptocurrency so if it goes to freaking zero I am on that but if I play the long game and I stay the court and I take profits I will be in long-term gains so I will only be taxed at 20% and I don't agree with taxation but I can't get away from taxation currently uh so to reduce my tax liability is going to put more money back into my pocket what am I going to do with that money well I'm going to take that money and I'm going to buy new positions hopefully in the bare Market I'm going to ride those long term and I'm going to keep doing the same thing compounding it over and over again in addition into of course cryptocurrency positions it's a great opportunity for me to buy mining Hardware which of course is an expense for my business it's an investment into assets for my business working cryptocurrency and crypto mining from a business point of view gives me a very good Edge over the guy treating this like a hobby cryptocurrency is not a hobby uh unless you want it to be I guess that's a Fool's game a losing losing game uh the government wants to take so much from you so you need to utilize their system and try to keep as much as you Poss possibly and of course legally can I'm not implying that things should not be reported but it's the difference between ordinary income and whatever your tax bracket is versus long-term gains there could be a 23% reduction if you make a $100,000 that is 23 Grand additional in your pocket that you're not going to have to pay to Uncle Sam who inflates the dollar every day who just prints as much money as he wants but by the way buddy we're going to need about your you know a lot of the money you're making why you print money all day I'm out here trying to be my own little money printer that's what's so cool about mining that's why my endgame to kind of get back to the point here is going to be to scale out the mining farm and and if the market gets too crazy and I just can't scale in time with the market then I'm going to Pivot and I'm going to start building out solar and some point sooner or later I will be deploying solar I want to have a big solar array I want to erase my electricity bill I want to buy solar panels pay them off and then zero out right so I've got paid off panels I've got paid off mining Rigs and I am literally printing money you can call me USA junr but don't worry I'm not going to randomly show up and start a war with you and kill your leader and then blame it on someone else and look look I I love my country and a bunch of my boys are in uniform uh but the bottom line is is I'm sick of us around with everybody else we got enough problems here at home I'll stop there there's so many issues I could go on and on about but the priorities are up right it's up but it's pretty difficult to change the world can I really change it I don't know I'll try some uh but what I can do is focus on changing my life and what I love about the content creation is I hope you find it helpful informative and at times entertaining hopefully uh and I hope that helps you change your life and of course it's not Financial advice at the end of the day boscoin is a vlog it's about me it's about what I'm doing and why and I would love for you to take from that and do whatever the hell you want to do uh if you think I'm a genius and that's great I'd love to hear from you if you think I'm an idiot cuz I always like to think of myself but somewhere in between those two spots uh well I don't want to hear from you all right Bitcoin becomes more and more and more stabilized over time it has truly become a store of value for better and worse and on the topic of for better and worse Black Rock has sunk their teeth into Bitcoin in a very big way uh so we'll see where all this stuff goes moving forward but the line is is that I want my retirement to be in Bitcoin right because there's 21 million Bitcoin and uh you know I like a lot of the other cryptocurrencies as well but the point is I need assets that can at least hold their value that can hopefully appreciate and value and that has been proven year over year over Century that it is not the US dollar the buying power of the US dollar today is worse than last year and it's much worse than 5 years ago and it's a freaking joke compared to 100 years ago that means that this wealth is being stolen from us you trade your life for work you go to work you work your 9 to5 and then you come home and you and whine like I don't like my 9 to5 I don't want to be doing this I'd like to be doing XYZ and then they inflate it and and it's no it's nothing short of stealing your life they they are killing you they're killing you for their financial gain so don't don't misunderstand that don't don't be so foolish and naive that you don't want to wake up and realize that what's the solution it's multifaceted step one though is waking up more people way too many people want to shrug this stuff off and that's exactly why we are where we are and that's exactly why Bitcoin was dubbed Plan B it's a alternative plan it's a viable route that could be a Global Currency a global gold right and don't don't don't be like well gold is global gold is is you have no idea but anything about gold is a completely just owned and manipulated ecosystem it's difficult to move it it's difficult to sell it it is easy to buy it it's not good gold sucks the end leave gold for cartoons but beyond the mining farm and the scaling and the free money cheat code in addition to that I want to keep building the boscoin YouTube channel and our whole content creation side of the business I have huge goals and aspirations to hit 1 million subscribers it's very difficult to do period it's incred ibly difficult to do on YouTube in our sector and that would just be an absolute lifetime Capstone style achievement uh for me in this journey what comes after that I don't know uh but I need to knock that one out before I start dreaming about other things so by the way subscribe if you like the video at all and to be honest if you didn't like it subscribe anyway I need the subs uh so the point here though being right is unfortunate it's incredible that we have over 600,000 subscribers on the vcoin YouTube channel so if you are one of those thank you uh but we have a long way to go another good 40% in the way I hope to pursue that is just to make more content timely content better content and to keep investing into the content creation business right I recently bought a drone why well one they're really cool two cooler shots investing in camera equipment investing in mics we have completely upgraded our recording setup and and Equipment over the last year yet again uh BOS coin's recording equipment has gone through several iterations or or life cycles better video better audio it's all good it's all a wind I didn't want to switch to 4K it's a pain bigger files more expensive equipment but what has resulted in after switching to 4K is better quality content and the better equipment just makes it easier to make content and easier to make better content and of course they still have tons of room for improvement uh but at the end of the day the stuff is was better this year than it was last year and I've got to take uh snapshots and compare and be like you know what deep breath you're doing all right dude it's better than it was good job I guess huh we'll check next year and see if we can say that again so I'm going to keep pushing I'm going to keep grinding and uh I don't give a what the haters say and if you're a supporter well yeah you're awesome uh I'm going to close that out on that and I could talk all day about this stuff this is my passion this is what I do one of the main things just always sitting on my mind for better and worse uh said that too much today but hey anyway thanks for tuning in I'll see you hopefully in the next video and of course we're closing it out with not only my wing woman not only the venerable not only my boss that requires I say all this and you're probably thinking it's Alexa Miss Boss no it's tails the resident Sheba Inge the owner of boscoin I'll see you next time oh

Channel: VoskCoin

Views: 3,982

Keywords: VoskCoin, cryptocurrency, cryptocurrency mining, crypto mining, bitcoin, bitcoin mining, how to mine cryptocurrency, how to earn passive income mining bitcoin, passive income, hard drive mining, immersion mining, digital shovel, voskcoin mining farm, mining farm tour, how to mine bitcoin, altcoin mining, mining pool, nicehash, how to mine crypto at home, how much does mining crypto cost, drew vosk, vosk coin, how to earn money, how to make money, how to make money with crypto

Id: L8bQylAsF1o

Length: 14min 53sec (893 seconds)

Published: Sun Jun 02 2024