Uploaded August 2026 | Updated September 2026, 2 weeks ago
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⚡ Simplepod simplepod.ai/ref?user=redpanda
💻 Sign up for VastAi here: cloud.vast.ai/?ref_id=502537
💻 RTX 5090's geni.us/nOmSUfh (PAID LINK)
💾 Tangem Cold Storage Crypto Wallet geni.us/rpmtangem use code RPM for 10% off!
Bitcoin mining has been getting absolutely brutal.
Bitcoin has fallen dramatically from its previous highs, mining profitability has been squeezed, difficulty and competition remain intense, and expensive electricity is forcing more miners to shut down or leave the industry.
So why am I still expanding my Bitcoin mining operation?
In this video, I take a look at the current Bitcoin mining landscape, Bitcoin hashrate, ASIC miner efficiency, electricity costs, mining profitability and why so many miners are struggling to survive.
I also talk about the miners that are becoming unprofitable around 8¢/kWh, why efficiency is becoming more important than ever, and why older ASICs are increasingly being pushed offline.
But there's another side to the story.
I recently bought six additional S21 XP Bitcoin miners, adding roughly 1.7 PH/s to my operation. I'm now around 5.7 PH/s, with more hashpower coming online.
I'm also changing my strategy.
Instead of immediately selling the Bitcoin I'm mining, I'm now planning to mine and hold Bitcoin, potentially accumulating around 1 BTC over the coming months while paying the electricity costs out of pocket.
Is this a terrible idea?
Or could the current Bitcoin mining downturn eventually create some of the best opportunities for miners who have cheap electricity, efficient hardware and enough cash flow to survive?
I also discuss Zcash mining, Dash miners, ASIC pricing, AI companies moving into former Bitcoin mining infrastructure, and why I believe buying the right hardware at the right price could become increasingly interesting.
As always, do your own research and understand the risks before investing in Bitcoin mining hardware or cryptocurrency.
Chapters:
00:00 Bitcoin Mining Is Getting Crushed
01:51 CoreX Hosting Sponsor
03:12 Bitcoin Hashrate Is Falling
05:15 Why Bitcoin Miners Are Struggling
06:23 Is Bitcoin Going Lower?
10:44 The ASIC Efficiency Arms Race
12:06 Why Bitcoin Mining Is So Expensive
15:07 Is Bitcoin Mining Still Profitable?
15:32 I Bought 6 More S21 XPs
16:20 My New Bitcoin Mining Strategy
17:34 Am I Expanding My Mining Farm?
18:17 The Zcash Mining Opportunity
20:17 Should You Buy Miners or Bitcoin?
21:45 Why I'm Still Buying ASICs
23:18 My Long-Term Bitcoin Mining Strategy
24:05 Mining & Holding Bitcoin
24:21 How Much Bitcoin Will I Mine?
FOLLOW RedPandaMining
► Twitter - twitter.com/redpandamining
► Instagram - Instagram.com/RedPandaMining
► Twitch - twitch.tv/RedPandaMining
► Reddit - reddit.com/r/RedPandaMining
► Discord - discord.gg/dNsvjf3qFD
► Website - RedPandaMining.com
Talk with ME 1 on 1
https://redpandamining.shop
Crypto Mining Software I APPROVE
HiveOS geni.us/xTTb
My Favorite Book - "The Bitcoin Standard": geni.us/NH5spNd
As an Amazon Associate, I earn from qualifying purchases.
Email for Business Inquiries ONLY - Contact@RedPandaMining.com
DISCLAIMER: Red Panda Mining is not a financial advisor nor an expert. This is not financial advice. Everything said in this video is an opinion. The statements in this video are not investment advice. This video is intended solely for educational and/or entertainment purposes only. Always do your own research before investing in Crypto Mining. Never invest more than you can afford to lose. Red Panda Mining is not responsible for your losses or gains as a result of buying, selling, trading, or mining cryptocurrencies.
#Bitcoin #BitcoinMining #CryptoMining
⚡ Core X Hosting corexhosting.io
⚡ Simplepod simplepod.ai/ref?user=redpanda
💻 Sign up for VastAi here: cloud.vast.ai/?ref_id=502537
💻 RTX 5090's geni.us/nOmSUfh (PAID LINK)
💾 Tangem Cold Storage Crypto Wallet geni.us/rpmtangem use code RPM for 10% off!
Bitcoin mining has been getting absolutely brutal.
Bitcoin has fallen dramatically from its previous highs, mining profitability has been squeezed, difficulty and competition remain intense, and expensive electricity is forcing more miners to shut down or leave the industry.
So why am I still expanding my Bitcoin mining operation?
In this video, I take a look at the current Bitcoin mining landscape, Bitcoin hashrate, ASIC miner efficiency, electricity costs, mining profitability and why so many miners are struggling to survive.
I also talk about the miners that are becoming unprofitable around 8¢/kWh, why efficiency is becoming more important than ever, and why older ASICs are increasingly being pushed offline.
But there's another side to the story.
I recently bought six additional S21 XP Bitcoin miners, adding roughly 1.7 PH/s to my operation. I'm now around 5.7 PH/s, with more hashpower coming online.
I'm also changing my strategy.
Instead of immediately selling the Bitcoin I'm mining, I'm now planning to mine and hold Bitcoin, potentially accumulating around 1 BTC over the coming months while paying the electricity costs out of pocket.
Is this a terrible idea?
Or could the current Bitcoin mining downturn eventually create some of the best opportunities for miners who have cheap electricity, efficient hardware and enough cash flow to survive?
I also discuss Zcash mining, Dash miners, ASIC pricing, AI companies moving into former Bitcoin mining infrastructure, and why I believe buying the right hardware at the right price could become increasingly interesting.
As always, do your own research and understand the risks before investing in Bitcoin mining hardware or cryptocurrency.
Chapters:
00:00 Bitcoin Mining Is Getting Crushed
01:51 CoreX Hosting Sponsor
03:12 Bitcoin Hashrate Is Falling
05:15 Why Bitcoin Miners Are Struggling
06:23 Is Bitcoin Going Lower?
10:44 The ASIC Efficiency Arms Race
12:06 Why Bitcoin Mining Is So Expensive
15:07 Is Bitcoin Mining Still Profitable?
15:32 I Bought 6 More S21 XPs
16:20 My New Bitcoin Mining Strategy
17:34 Am I Expanding My Mining Farm?
18:17 The Zcash Mining Opportunity
20:17 Should You Buy Miners or Bitcoin?
21:45 Why I'm Still Buying ASICs
23:18 My Long-Term Bitcoin Mining Strategy
24:05 Mining & Holding Bitcoin
24:21 How Much Bitcoin Will I Mine?
FOLLOW RedPandaMining
► Twitter - twitter.com/redpandamining
► Instagram - Instagram.com/RedPandaMining
► Twitch - twitch.tv/RedPandaMining
► Reddit - reddit.com/r/RedPandaMining
► Discord - discord.gg/dNsvjf3qFD
► Website - RedPandaMining.com
Talk with ME 1 on 1
https://redpandamining.shop
Crypto Mining Software I APPROVE
HiveOS geni.us/xTTb
My Favorite Book - "The Bitcoin Standard": geni.us/NH5spNd
As an Amazon Associate, I earn from qualifying purchases.
Email for Business Inquiries ONLY - Contact@RedPandaMining.com
DISCLAIMER: Red Panda Mining is not a financial advisor nor an expert. This is not financial advice. Everything said in this video is an opinion. The statements in this video are not investment advice. This video is intended solely for educational and/or entertainment purposes only. Always do your own research before investing in Crypto Mining. Never invest more than you can afford to lose. Red Panda Mining is not responsible for your losses or gains as a result of buying, selling, trading, or mining cryptocurrencies.
#Bitcoin #BitcoinMining #CryptoMining
