"Sit Back Relax": Millionaire Who Takes on Challenge to Get 1300 Bitcoin Machines Makes N10 Million Daily

• A young millionaire who makes N10 million 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

A young millionaire has revealed his impressive income from Bitcoin mining on TikTok.

He claims that he makes over N15 million naira a day from his 1300 Bitcoin mining servers.

How much can one earn from Bitcoin mining in a day?

Each server earns him about N6500 a day, which adds up to a staggering N10 million naira daily.

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"You need constant electricity": Man who got machine that gives dollars daily shares more videos

He says 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.

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"What's the electricity bill?" Man finally gets Bitcoin machine that gives $8 daily, smiles with joy

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.

Watch the video below:

Legit.ng compiled some of the reactions below:

@wierdfnshit reacted:

"Blud is legit playing bitcoin mining simulator from Roblox."

@Jnnns said:

"Bro plays roblox Tycoon in Real life."

@LiorZimber wrote:

"Seriously asking, Will a bitcoin mine in lceland using solar panels will be electrical bill free? (Since the sun never really sets there)."

@mega Glizzy commented:

"Just get a bunch of solar panels. Sit back Relax."

Man finally gets Bitcoin machine that gives $8 daily, smiles with joy

Meanwhile, Legit.ng earlier reported that a young man who wants to increase his monthly earning travelled from Benin to Abuja to get a Bitcoin machine.

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"Pls how do I get one?" Nigerian lady acquires Bitcoin machines that give her over $7 daily, people rush her

This was after a young man said that his Bitcoin mining machine called S19 makes $8 (N6,154) daily.

People had asked him how true it was and if the cost of electricity and internet would not eat the daily profit.

Source: Legit.ng