Why Most People Can’t Run ASIC Miners at Home

After mining crypto since 2017, I finally hosted my first ASIC miner. In this video, I explain how ASIC hosting works, why running large ASIC miners at home usually doesn’t make sense, and whether hosting is better than just buying the coin. We cover electricity costs, hosting infrastructure, trust and risk, and I give a live look at my hosted Bitmain Antminer L9, including real power costs, profitability, and break-even math. I also explain why I chose Terra Hosting and how to vet hosting companies yourself. ⚠️ Always do your own research — crypto mining involves risk. I have a business relationship with Terra Hosting. Using the links below helps support my channel. Terra Hosting links: ➡️ Buy ASICs from Terra: https://terrahashes.com/?ref=redfox ➡️ Schedule a Call to Host at Terra: https://terrahosting.io/ ➡️ Email me with questions: contact@redfoxcrypto.com Additional links to support the channel: ₿ Where I Buy Bitcoin w/ NO FEES: https://geni.us/getriver 🟠 Easy Crypto Mining with NiceHash: https://geni.us/nicehash 💰 Track Your Investments w/ DELTA App: https://geni.us/getdelta 🔒 Hardware Wallet I Use: https://geni.us/getledger 💸 Crypto Tax Software I Use: https://geni.us/IjAa Chat with me: 👋🏻 Discord: https://discord.gg/Kaf4dDXGJz 💬 Twitter/X: https://twitter.com/redfoxcrypto Video Chapters: 0:00 Why I Finally Hosted My First ASIC Miner 0:47 Why Large ASIC Miners Don’t Work at Home 2:58 Why ASIC Hosting Companies Exist 3:15 How ASIC Hosting Works (Cheap Power Explained) 4:49 What’s in It for You as a Miner 5:24 How ASIC Hosting Companies Make Money 6:32 How to Trust an ASIC Hosting Company 8:12 How I Chose My ASIC Hosting Provider 9:14 Live Look at My Hosted ASIC Miner Dashboard 11:31 Why I Chose the Antminer L9 12:41 Real Profitability & Break-Even Math 13:58 Buy an ASIC Miner vs Buying the Coin 15:17 Final Thoughts & Risk Considerations As an Amazon Associate I earn from qualifying purchases. #cryptomining #bitcoin #dogecoin #litecoin #asicmining #gpumining