A young millionaire who makes $13,150.94 per day from mining Bitcoin has gone viral on TikTok The man explained that he had over 1300 Bitcoin mining servers, and each one earned him N6500 naira every day Many Nigerians were amazed that one could buy a machine, sit back and have it make money per day
He revealed his impressive income from Bitcoin mining on TikTok. He claims that he makes over $13,150.94 a day from his 1300 Bitcoin mining servers.
The man makes a total of $392,267.40 (300 million Nigerian Naira) every month.
How much can one earn from Bitcoin mining in a day?
Each server earns him about $8.50 (6500 Nigerian Naira) a day.
He said that he started mining Bitcoin in 2017 and has since accumulated over 1300 servers.
What is Bitcoin mining? Bitcoin mining is the process of creating new bitcoins by solving complex mathematical problems using specialised computers. The more powerful the computer, the more bitcoins it can mine. The man’s video has gone viral on TikTok, with many Nigerians expressing their amazement and curiosity about Bitcoin mining. Some asked how they could buy a Bitcoin mining server and start earning money from it.
Others wondered if it was legal and safe to mine Bitcoin in Nigeria. Bitcoin mining requires a lot of electricity and cooling to run the servers. It also exposes the miners to the volatility of the bitcoin price, which can fluctuate significantly depending on the market demand and supply.
Therefore, bitcoin mining is not for everyone, and it involves a lot of risks and challenges.
However, for those who have the resources and the skills to mine Bitcoin, it can be a very lucrative source of income. As the young man on TikTok shows, bitcoin mining can make one very rich in a short period of time. But it also requires a lot of hard work, dedication and patience to succeed in this field.