Considering BTC Mining in Germany

After China banned BTC mining and the difficulty dropped a lot, I've been thinking about starting a small mining operation in Germany. I could use energy from local biogas plants that run most of the year and produce quite a bit of power at around 0.16 EUR per kWh.

0.16 EUR per kWh is way too high man. This project might not work out at all.

I did some number crunching on potential profits, depending on mining difficulty and BTC prices. Would love to share how I did it, but I can't figure out how to post images here.

This forum doesn’t host images. You can upload your image to a site that allows hotlinking, like imgur, and post the link instead.

Thanks for the tip, but I’m not sure if the current dip in difficulty is gonna last long. It feels like a risky moment to jump in.

I totally get that. For me, mining is the only way to get BTC since banks won't lend for crypto. I'm thinking of taking a loan to buy mining rigs instead.

Dude, your worst case scenario seems way too optimistic. And are you sure you factored in your electricity costs? It looks like it's all in USD/EUR.

You make a good point, but I included some scenarios for higher difficulty. Although, the price and difficulty might not align the way you think they will.

When you mention 0.16 EUR/kWh, just remember you’re competing globally. I started mining recently too, and even a small price drop gives me anxiety.

Banks won't lend for crypto purchases, let alone for mining gear. You might have to be a bit sneaky about the loan purpose.

Thanks a lot for clarifying! So the general vibe is that mining isn’t really worth it if energy costs stay above 0.10 EUR?

You're free to do what you want. If you find super cheap gear and expect a huge price jump while keeping difficulty low, go ahead. Personally, I wouldn’t take the risk unless I could pay back my investment in less than a year, ideally with cheaper power.