How Much This Crypto Phone Farm Made in 1 Year
The video shares the experience of building and running a crypto mining phone farm over the past year. The farm consists of Samsung Galaxy A3S phones running mining software to mine Verus Coin. Initially starting with 30 phones, the creator added 19 more, with plans to reach 50 phones. The farm has undergone changes, including a switch to new mining software and the addition of fans to keep the phones cool.
The creator discusses the costs of building and running the farm, including phones, accessories, and electricity. The total cost was $2,584, with phones being the largest expense at $1,996. The creator notes that the phones can be depreciated for tax purposes, reducing taxable income. The farm's estimated electricity expense is $250 per year, based on an average power usage of 195W.