Gold vs BTC mining!

in The City of Neoxian17 hours ago

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An Image I generated with AI

I fired up the AI again to grab the latest 2026 data on what it actually costs to pull these things out of the ground or out of the air so you can see what you're up against.

If you’re a regular person looking to get into this the barrier to entry is basically a wall vs a hurdle.

Mining Gold (The Physical Grind)
For gold the industry uses a metric called All In Sustaining Cost (AISC). Right now most major mining operations are sitting between $1,200 and $1,650 per ounce.

If you’re trying to do this yourself obviously you aren’t building a massive open-pit mine in Nevada. But for a small scale operation, your costs are basically equipment (shovels, sluice boxes, or a small trommel) and your time.

The Margin: With gold trading around $4,500 an ounce right now, the profit margin is insane.

Reality Check: You’re mostly paying in sweat and diesel. It’s a tangible asset you can hold, but finding a "pay streak" is mostly luck and geological research.

Mining Bitcoin (The Digital Burn)
now Bitcoin is a completely different beast. The network difficulty is through the roof. For a professional setup with top-tier ASIC hardware (running at about 16 J/TH), the cost to mine one single BTC is hovering around $130,000 USD.

The Margin: Since BTC is trading between $90k and $105k lately, most miners are actually underwater unless they have access to dirt cheap industrial power (under $0.05/kWh) or they're speculating on the price going to the moon later.

Reality Check: As an individual, you’re basically cooked. You’d need to drop $15k+ on a single machine just to start, and teh electricity bill will probably eat your lunch before you even find a block.

Bottom line: If you want to actually "make" something for less than it’s worth on the market, gold still has the better math for the little guy. Bitcoin mining has become a game for giant corporations with warehouses full of hardware and sweetheart deals with power companies.

For a person just starting out, you’re better off buying a pan and hitting a creek then trying to compete with a zettahash of computing power from your basement, eh.

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Perhaps using water power from the creek to turn a generator to run your BTC Miner rig and at the same time run that gold sluice for gold. 🤔

!PIMP

I don't own much if any gold, but I recently started doing an online NFT mining thing for BTC that seems to be pretty established and reliable.

In your opinion, which will have a stronger long-term impact due to scarcity: gold or Bitcoin? What are your thoughts, especially considering mining costs and energy consumption?

I made a discovery so rich that nobody believes me when I tell them…