Wisconsin man mined Bitcoin for 2 and a half years and shared the honest results afterwards
Published on Jan 28, 2026 at 9:13 PM (UTC+4)
by Henry Kelsall
Last updated on Jan 28, 2026 at 9:13 PM (UTC+4)
Edited by
Ben Thompson
A Wisconsin YouTuber mined Bitcoin for two and a half years, and shared his honest results in a recent video.
YouTuber Financial Wolf had been buying Bitcoin for five years, and then decided to mine it after meeting one of the early investors in the currency.
Bitcoin really began to take off in 2013, but mining it costs money and a lot of electricity to see a decent financial reward.
Undeterred, the YouTuber decided to give it a go, and after two and a half years, he has finally shared his thoughts on it as well as his honest results.
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What it takes to mine Bitcoin
Now, when you think of mining, your mind may make you think of pick-axes and coal mines.
Bitcoin mining doesn’t work like that.
“Bitcoin mining is the process by which transactions are officially entered on the blockchain and new bitcoins are launched into circulation. Miners use computers to find a cryptographic number that meets the Bitcoin network’s difficulty rules,” an article on Investopedia explained.
“The first miner to find a solution to the problem receives bitcoins as a reward, and the process begins again.”
As you can see, it’s not a quick and snappy process – hence why so much resources and time was needed for Financial Wolf.
The YouTuber spoke to JohnPaul Baric about what it takes to mine Bitcoin in a large operation.
Baric had bought 20 Bitcoin in 2013, and now runs a huge operation across rural Iowa.
That operation has over 10,000 Bitcoin miners across 14 locations, earning $2 million in monthly revenue.
But electricity costs are huge, with one location costing $41,000 a day to power the facility.
The YouTuber’s operation, though, was a bit smaller, and his average electricity rate was $285 a month.
So there are certainly some risks with mined Bitcoin, but the possibility of making money is huge.
Financial Wolf used Baric’s facility to do so, and that helped slash utility costs.
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How much did the YouTuber make over two and a half years?
There have been problems encountered during the YouTuber’s mining efforts.
For example, the reward for the currency dropped to 3.125 BTC per block after the halving in 2024.
Mining efficiency in 2026 is much harder than it was in 2012, with a massive 93.75 percent drop.
During the pre-halving stage, Financial Wolf mined $11,500 worth of the currency with a $3,500 cost in electricity.
That netted him a total profit of $7,800.
After 33 months, he had mined $21,400 worth of Bitcoin.
Power costs over that period totaled around $9,400.
Profit came to around $8,460 in total after he had mined Bitcoin.
The last few months had become unprofitable due to costs, hence the minor increase in profits.
So while there were some pros to mining the currency, the cost to run an operation can outweigh the potential benefits.
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Henry joined the Supercar Blondie team in February 2025, and since then has covered a wide array of topics ranging from EVs, American barn finds, and the odd Cold War jet. He’s combined his passion for cars with his keen interest in motorsport and his side hustle as a volunteer steam locomotive fireman at a leading heritage steam railway in England.
