@@deanrobert2909 I used the services of an outstanding account manager/trader to ensure a successful trade, i'm so excited at the outcome, Her transparency amazes me alot, I got my payout exactly 7 days after my investment just like she said she is a genius, it can't go wrong with Dr Sarah Perkins handling your investments. Quit doubting and earn big with Drsarahperkins at gmail com
This really reminds me of the gold fever in america, when the gold was almost depleted. So people who sold equipment to miners made more money than the goldminers themselves.
Norek ive thought the same thing since day one of bitcoin mining. its like a pyramid scheme, only the people who got in Right at the beginning are going to end up positive.
Actually according to historical documents, MOST money was made by the equipment suppliers from the beginning to the end of the gold rush. It may not be a scam in the traditional sense, but definitely has shut out the average person without access to expensive equipment. I'd imagine it as a narrowing pipe, with the difficulty level getting higher only the strong and rich folks will squeeze through the narrowing pipe, and ultimately succeed.
This is nothing like that,.. we have another 100 years, before all the bitcoins will be mined... people are selling machines now, because they are watching the markets, and they think bitcoin is going to crash and burn? LMAO... Bitcoin is here to stay, it will always go up and down just like Gold. It's still, and always will be higher than it started at! So you people are DAF! lol ..but thanks for the cheaper hardware!
hey guys! Could you please help, I'm a beginner and about to order Litecoin Miner L7 from unigrade, how much LTC will I get in a month? Does anyone have that one?
You know what, I've changed my mind about cryptocurrency. I hope better ASICs keep coming out with better hash rates so it drives the difficulty even higher still to the point that it makes gpu mining unprofitable at every level of perfomance, driving down the price of GPUs back to their normal prices. :) Good job ASIC devs!
This is precisely what I thought to myself watching this as well. "Good, eventually these ASICs will make GPUs worthless for mining and we can finally have our MSRPs back again."
+Eric Del Toro You're talking about creating an application specific hardware device, that does essentially what a graphics card does. The reason you cannot use ASIC miners on those coins, is because they require different types of calculations. You would essentially need to re-create a graphics processor to do it.
many of the ASIC producers have also been caught mining with customers equpment for some time before shipping of the product. some even up to several months (know personally someone that preordered an ASIC miner that was obsolete when it reached him and had over 5000 hours on it)
You know who made money in the gold rush? Just enough miners struck it rich to draw in others, but those others mostly went broke. The real money went to the people who sold the equipment. Same thing in the bitcoin mining rush.
The guys who made the equipment were those who originally made a mint off of bitcoin when it was nothing like what it is now. They self-funded the ASIC development, as it costs millions in R&D but they were rich.
Sean Price That is the dumbest analogy ever. You're comparing apples to oranges, in this case, apples to microchips. People lost everything because there was limited gold and work to go around via man hours. Levi was rich because he invested money in a idea and it worked. Bitcoin and other cryptos are going no where as they cannot be forgotten. Look up what decentralized and deflationary means. Beats paying $20 for a loaf of bread in 25 years because fiat money is a scam
Cool story bro, there are other cryptos other than Bitcoin. Bitcoin is running out and that is what makes it a deflationary currency. One day the dollar will crash and virtual currencies will be king.
I have 0.13 btc leftover on my multiwallet soft since i bought some stuff many years ago, when 1 btc was at 90 bucks and i forgot the pass i made -_- Honestly, i doubt it was a civil person who made this crypto crap, i personally suspect Chinese government. I wonder how severe will the impact be when crypto collapse, because history show all cash pyramids inevidently end up like that. But the difference is that crypto-pyramid is tousands of times bigger than anything that was created before.
In the end, NVidia & AMD are getting huge sales from miners, which mean more money for video card companies. Mining complexity rises so fast that soon miners would be forced to use specialized equipment, leaving us with nice graphic adapters to enjoy.
Better to keep your car, get a job, and soon enough, you will have a computer, and not know what to do with all this money you have just sitting around. You might even start investing. Just don't get a girlfriend tho, those take money and then some more. When you put money into a woman, you don't get a good return. Just look at the divorce statistics.
Perhaps they do already have a job? Besides, a job is no excuse for infinitely rising prices. Would you be happy if your precious bitcoin suddenly quartered in price? No, you wouldn't, it works both ways. This mining garbage has doubled the price of EVERY decent gpu. 1070s are over 1 grand, they were like 500 at launch. Imagine if car prices doubled, suddenly nobody has a car.
yep. most solar arrays can be bought for a few thousand (or cheaper if you're not planning on powering anything but the mining circuit) and then power is negligible cost
The cost of solar power is higher than normal power from water and nuclear. Most miners nowadays have free electricity for some reason. Cryptocurrencies based on processing fake work need to die out for the sake of humanity.
Reselling GPU at a "fraction of the cost"... In this climate I have to disagree. I bought an Radeon RX 480 2 years ago for $200. They are selling on the used market for $450. And my GTX titan (700 series) is still going for $400 used. I should have invested in GPUs 2 years ago :p
mtktm yeah, but if the crypto crashes to a level that is not profitable anymore, than there will be a shit ton of rx470/480/570/580 and all of the nvidia cards for literarly a few bucks a piece. Right now there is around 10 500 000 GPUs world wide mining crypto.
You should have gone the next step and invested in Nvidia as a company. Via capital gains alone they are up 150% in less than 10 months. For that matter I'll never know why anyone would consider any form of crypto mining after about 2012 or so. Once ASIC's came on the scene and corporate interests got involved the cost benefit ratio became ridiculously risky. Every now and again some derivative cypto like etherium makes a splash and everyone rushes to that side of the ship, it is effectively the same as playing penny stocks and hoping you get in early on the next big thing.
mtktm you ain't never lying . I have a Casio calculator that does adding and subtracting and weird basement turds are peeking at it with glee through my windows.
That's not that crazy, the A3 will certainly earn over 3800 Euros over its lifespan, the people who got them early will already be halfway to ROI. What is comical is people paying $5000 for used Antminer S9s even though Bitmain regularly release batches of them for $2280.
M A Luke built 3 PCs each with different fans configuration (positive, negative pressure and a balanced one) and supposedly left them running for 1 year to see which one is better, there's a video about it posted last year
It ain’t just miners taking the GPUs. Its also regular folks who could give a crap about gaming or mining who have bots buying the GPUS so they can make money reselling.
Miners and gamers. See the whole system was built to house just gamers and that's all it did for decades. So with any influx of people. Or people just deciding they want 2 cards instead of 1 now. It was gonna hit a crash. In this case though it's 5x the sales numbers if not higher and really they just need to make more cards. But they won't because high demand low supply is amazing for their bottom line.
Something also to note is the difficulty increase. That will really push the ROI out exponentially. Unless you can get the units for retail right when they come out and have access to really cheap or free electricity then the ASIC's aren't really going to be a good investment for the hobby miner. Unless you plan to almost immediately flip it on ebay for an inflated price. which, honestly, isn't a bad idea. GPU rigs, as noted, are easy to part out and re-sell. And the secondary market on GPU's right now is fairly inflated so the prices are pretty high. Mostly due to GPU miners.
This isn't late, this is still early in the grand scheme. But yes, with ASICs you *need* to buy them very early, as in, you need to be among the first or at worst, second batch of buyers who get them. Otherwise you'll be buying them after the amount of return per day is much, much lower. The S9 isn't a bad buy at all though as BTC will certainly go much higher in the future, the Bitcoin it earns will be worth a lot more later this year I think. Linus should have mentioned how important buying an ASIC early in its life is, honestly all these LTT crypto videos have been pretty bad with poor rig planning (that 13 GPU + 3 PSU machine is terribly inefficient) and a lack of critical info. Why would they buy a D3 and L3 over two more S9s? It makes no sense at all, the S9 is more profit, there is little reason to buy the other two. C'mon, LTT. The S9 is an exception to the rule as it's like 18 months old but still earns a good amount even with the BTC price in the gutter.
so optimally, the best solution is to use GPU mining, and to resell the GPUs once they've paid themselves off+ some small figure (say $1,000), so you can essentially continue to profit on the sale of the used gpus. (and by which time newer GPU hardware (with better hashing ability) will have come out, which you can then re-invest and repeat?
@@economiaemquarentena4592 Still not profitable unless you steal graphics cards and electricity. And with a global ban on cryptomining coming up, also stupid to invest in.
I thought it became a noise maker to drown out background noise. leave it plugged in just remove the ethernet cable and close your wallet account so you don't get robbed.
Doug Horvath Ok, the ppl who repayd for their gpus by now with mining, would just turn the miners off, but the ones who didnt, they would sell their gpus. Thats about right.
My S9 has been solo mining non-stop 24/7 for the last 4+ years. Might seem like alot of wasted power, but it hit 1 block (6.25 coins) about a year ago. Im leaving it going till it just burns itself up, it def paid for itself...lol On the other hand my Z9's and Z11 cant even cover there power costs at this point.
if youre in the US then go to a microcenter, they will sell the gpu at retail price if you spend 500 dollars on the rest of the components (if you plan on building a 600 dollar gaming rig, the gpu's you would use are not effected by mining anyways)
Logan, I am aware they have a slight price increase, but its just due to them being the only gpu's that aren't mining, so naturally more gamers will buy them. 229.99 (the average on newegg) is less than a 50% increase in price. Link to the cheapest one there below: www.newegg.com/Product/Product.aspx?Item=N82E16814133640&ignorebbr=1&cm_re=gtx_1050-_-14-133-640-_-Product. Also you can get a 1050 non ti or a rx 560 for 139 dollars (which is about 20 dolllars or 18% over retail) linked below: www.newegg.com/Product/Product.aspx?Item=N82E16814137058&ignorebbr=1&cm_re=gtx_1050-_-14-137-058-_-Product www.newegg.com/Product/Product.aspx?Item=N82E16814150813&ignorebbr=1&cm_re=rx_560-_-14-150-813-_-Product
Nvidia and AMD really need to jack up the prices of graphics cards since miners love buying so many of them. They get a bigger wallet to develop more in the later future and the miners get fucked over the most, it’s a win/win
I used Antminers S2 after their "profitability" to heat my home a bit cheaper. The math was easy. 1200 Watts of heat out of my heater costs what 1200 Watts cost. 1200 Watts of heat from my Antminer costs 1200 Watts minus whatever it generates.
Research which controller board each one uses (if they even list them) about 99% of them are using atmel based boards. Look for one that has an ARM base controller, or one that can be replaced with a ARM base board. If looking for a board to upgrade to, look at smoothieboard.
what are you going to print? tall stuff? maybe a delta if so, i own one i think it does a great job and can print up to 30cm in height and a bed with 18 cm radius
Bought a Wanhao Duplicator i3 in early 2017, very capable machine at 350 bucks, you only need to put in 2 screws to assemble it (literally 2). But the CR10 has come down in price and also does very good prints at an even larger size 30x30x40cm vs only 20x20x18cm on the i3.
Would be possible where there is plenty of sun and use solar. Would need batteries. Again this would make it almost pointless unless you had 1000s of them.
Because selling these at insane prices is waaay more profitable than mining with them, especially since they can always bump their profits with the next version of one. The industry around cryptomining is more profitable than the actual mining itself, as long ofc as the "next big thing" is never further away than 4-5 months.
In 2021 my 3060Ti is making almost as much money/day as that D3 with a fraction of the power draw, and I use it to play games as well (it helps that BTC is currently valued at $50k/coin). Crazy how much can change over the course of 3 years.
Hopefuly difficulty will raise so much that it will be absolutely pointless to mine with graphic cards so the price can finaly go back to normal which was high already enough ffs.
It does become harder but the average trend of the coins is that they also increase in value, so the net effect is that you still get the same ROI. If ROI decreases, then in theory, people should buy less GPUs. But that is not what is happening because ROI hasnt gone down by much. The difficulty on mining is not the only factor on a ROI, the price also affects ROI.
4:05 Don't forget those warranty stickers mean nothing from a legal standpoint due to the Magnuson-Moss warranty Act. removing or breaking them does not void warranty, the only thing that does is if something occurs which is user caused damage. Saying that, it may just make your life harder as you have to argue with them about it, so best avoided if you can. BUT, you are still well entitled to your warranty
If you want to do a useful mining video. Why not do a tutorial on how to get started and running for those of us gamers with only 1 or 2 GPUs? Might as well bank some cash while unable to buy a GPU at a reasonable price.
Download Nicehash Legacy miner, get a Nicehash wallet. 1: Unzip Legacy Miner, start it, benchmark the currencies (You HAVE to do this to mine). 2: Enter the Nicehash wallet address (On the website in your wallet info). 3: Start mining after checking in that equipment to use. 1060 6GB, 1070, 1080, 1080ti, 570, 480, 580, vega, R9 390 are all good for mining and will make you varied amounts of money. Right now I'm making about 2-3$ a day with a bad market and non mining drivers for just my Ryzen 1700 and 580, if the BTC price rises, so does the amount of cash you earned, i make somewhere around 100$ a month if not more no matter how the market is :) People will keep crying about miners forever, even tho retailers aren't doing shit to help gamers. Those who are already sitting on cards might as well use them to mine instead of just scream and salt.
Canadian week = 16 days... I learn so much from this channel...
@@vek7933 He was joking
EP11 pen guns XD
? sunday to monday... 7 days like everywhere else
EP11 pen guns got trolled so hard
@@deanrobert2909 I used the services of an outstanding account manager/trader to ensure a successful trade, i'm so excited at the outcome, Her transparency amazes me alot, I got my payout exactly 7 days after my investment just like she said she is a genius, it can't go wrong with Dr Sarah Perkins handling your investments. Quit doubting and earn big with Drsarahperkins at gmail com
™️
Austin Evans 😂
xDDD
Well played
Is it worth it?™️
Is ™️ worth it?
"m-master do you need a knife?"
"o-oh ok then, nevermind".
Lol I saw that!
*intern will remember that*
poor jake
00:37
"We'll be back in a week"
"okay, it's been 16 days"
Nice one Linus
ENDESGA Linus never learned how to count
Beat me to it.
It came out on floatplane like a few days after
Linus tech is bobby zimmeruski from the Goofy movie :')
He literally never gets back to anything in time.
conclusion, if you want to turn electricity into money, grow weed.
You dont even need electricity for weed lmao
Dude... rly? You can smoke the poor outdoor weed than. have fun
You are dumb as fuck,..oh I forgot you smoke weed.... you are one of those....
You do realize one of the most successful growers in Colorado is open about not smoking right Google it lol
colorado here i come
This really reminds me of the gold fever in america, when the gold was almost depleted. So people who sold equipment to miners made more money than the goldminers themselves.
Soo true :)
Norek ive thought the same thing since day one of bitcoin mining. its like a pyramid scheme, only the people who got in Right at the beginning are going to end up positive.
Actually according to historical documents, MOST money was made by the equipment suppliers from the beginning to the end of the gold rush. It may not be a scam in the traditional sense, but definitely has shut out the average person without access to expensive equipment. I'd imagine it as a narrowing pipe, with the difficulty level getting higher only the strong and rich folks will squeeze through the narrowing pipe, and ultimately succeed.
how fucking old are you!
This is nothing like that,.. we have another 100 years, before all the bitcoins will be mined... people are selling machines now, because they are watching the markets, and they think bitcoin is going to crash and burn? LMAO... Bitcoin is here to stay, it will always go up and down just like Gold. It's still, and always will be higher than it started at! So you people are DAF! lol ..but thanks for the cheaper hardware!
But can it mine crysis?
god bless you for this comment teodoro xD
No, it would just create a mining crisis. tsk tsk
Crycoin 999999 times harder to mine then emerald blocks
Teodoro Santos Oooh 😮...but can it handle minecraft?
Probably not, I don't know. LOL 😂
0:40 that man just got rejected
HIS NAME IS JAKE NOT "THAT MAN"
U can’t even stand bro fall off your horse
@@PresidentValentine 😭
For anyone watching in 2019, the difficulty as of 2019-06-27 is 7.93 trillion.
2020 here and it’s 13.8 trillion
Not My Name in short the only way to earn with bitcoin is to buy a lot of gpus
Overhyped Anime and be prepared to let those gpu’s sit there and do nothing
@@Snagoot already 16 trillion
@@zerovikings5852 no its not asic miners are the way to go
I'm pretty sure Linus put out this video to get miners to move to ASICS so that the gamers could once again buy their GPUs. Thank you Linus.
annnnnd we see this comment aged well
@@NikoFader like milk. My PC build is STILL on hold. Fuck.
@@SlimedogYT me two
@@SlimedogYT *sees date* Jesus... Pain.
@@BrockTheTrainer for realll
Hodl your crypto and get a miner like spcminer and that's all you'll need
Is the SpcMiner legit? The specs look so unreal
deffo a scam everyone btw
hey guys! Could you please help, I'm a beginner and about to order Litecoin Miner L7 from unigrade, how much LTC will I get in a month? Does anyone have that one?
You know what, I've changed my mind about cryptocurrency. I hope better ASICs keep coming out with better hash rates so it drives the difficulty even higher still to the point that it makes gpu mining unprofitable at every level of perfomance, driving down the price of GPUs back to their normal prices. :) Good job ASIC devs!
This is precisely what I thought to myself watching this as well. "Good, eventually these ASICs will make GPUs worthless for mining and we can finally have our MSRPs back again."
Anthony Flagg Yay! I have someone on my side! :D
Unfortunately the alt coins that he talked about cannot be mined with ASICS such as Ethereum due to the way they were set up
Ashton Herron Not yet at least, I bet someone's working on an ASIC to mine any one of those.
+Eric Del Toro
You're talking about creating an application specific hardware device, that does essentially what a graphics card does. The reason you cannot use ASIC miners on those coins, is because they require different types of calculations. You would essentially need to re-create a graphics processor to do it.
Just remember who made the money in the gold rush, the hardware suppliers.
many of the ASIC producers have also been caught mining with customers equpment for some time before shipping of the product.
some even up to several months (know personally someone that preordered an ASIC miner that was obsolete when it reached him and had over 5000 hours on it)
Dumb logic, already made lots of money and covered all my hardware costs.
smart, that's always true you stand to profit way more providing tools for mining than you ever could actully minning
@@ReptilianLepton that’s incredible,admire…
imagine if they came out with a miner that cost $50,000 and Linus dropped it then acted like it was no big deal
Who’s gonna tell him
@@ark_3283 no one
MISSION FAILED, WE'LL GET 'EM NEXT TIME 0:38
Hook City haha so true
I read time twice for some reason
"And no Austin that's not trademarked"
"I'll see you in court" -Austin
idiot
Hahahahaha too funny
Austin sucks ¬¬
Kevin sal top 10 tech battles
Is suing Linus worth it?
0:39 he just ignored that guy trying to be helpful...
he is called jake
Jake is called he
HIS NAME IS JAKE
You know who made money in the gold rush? Just enough miners struck it rich to draw in others, but those others mostly went broke. The real money went to the people who sold the equipment. Same thing in the bitcoin mining rush.
The guys who made the equipment were those who originally made a mint off of bitcoin when it was nothing like what it is now. They self-funded the ASIC development, as it costs millions in R&D but they were rich.
Sean Price That is the dumbest analogy ever. You're comparing apples to oranges, in this case, apples to microchips. People lost everything because there was limited gold and work to go around via man hours. Levi was rich because he invested money in a idea and it worked. Bitcoin and other cryptos are going no where as they cannot be forgotten. Look up what decentralized and deflationary means. Beats paying $20 for a loaf of bread in 25 years because fiat money is a scam
ya, but, bitcoin is running out. soon you won't be able to get bitcoin from mining and the market will crash.
Cool story bro, there are other cryptos other than Bitcoin. Bitcoin is running out and that is what makes it a deflationary currency. One day the dollar will crash and virtual currencies will be king.
I have 0.13 btc leftover on my multiwallet soft since i bought some stuff many years ago, when 1 btc was at 90 bucks and i forgot the pass i made -_- Honestly, i doubt it was a civil person who made this crypto crap, i personally suspect Chinese government. I wonder how severe will the impact be when crypto collapse, because history show all cash pyramids inevidently end up like that. But the difference is that crypto-pyramid is tousands of times bigger than anything that was created before.
So to summarize: don't mine, it's more profitable to manufacture ASICs
If you can yes
Bassically yea
In the end, NVidia & AMD are getting huge sales from miners, which mean more money for video card companies. Mining complexity rises so fast that soon miners would be forced to use specialized equipment, leaving us with nice graphic adapters to enjoy.
6:50 Trying to put a dust filter on a mini fan, the struggle is real.
I need this Bitcoin market to crash so that I can upgrade my PC without selling my car.
Better to keep your car, get a job, and soon enough, you will have a computer, and not know what to do with all this money you have just sitting around. You might even start investing. Just don't get a girlfriend tho, those take money and then some more. When you put money into a woman, you don't get a good return. Just look at the divorce statistics.
tenshi7angel You aren't funny.
Good, because I was not joking around.
Perhaps they do already have a job? Besides, a job is no excuse for infinitely rising prices. Would you be happy if your precious bitcoin suddenly quartered in price? No, you wouldn't, it works both ways. This mining garbage has doubled the price of EVERY decent gpu. 1070s are over 1 grand, they were like 500 at launch. Imagine if car prices doubled, suddenly nobody has a car.
Brother.. is that you ??
Asics would be really effective with solar panels wouldn't they?
yep. most solar arrays can be bought for a few thousand (or cheaper if you're not planning on powering anything but the mining circuit) and then power is negligible cost
The cost of solar power is higher than normal power from water and nuclear. Most miners nowadays have free electricity for some reason.
Cryptocurrencies based on processing fake work need to die out for the sake of humanity.
@@YaFunklord Solar power doesn't cost anything... It'll pay back itself in a few months
@@cfzone8685 Now that is just plain dumb, go back to school.
No such thing as a free lunch, you'd know that if you understood science.
@@YaFunklord Do you have a solar system? Because I do, and it paid itself back in a few months.
06:00
Most of the mass is heat sinks and cooler
Mass Effect
"I'm Commander Shepard and this is my favorite cryptocurrency in Citadel space."
Linus tech is bobby zimmeruski from the Goofy movie :')
Dacterian Credits
Reselling GPU at a "fraction of the cost"... In this climate I have to disagree. I bought an Radeon RX 480 2 years ago for $200. They are selling on the used market for $450. And my GTX titan (700 series) is still going for $400 used.
I should have invested in GPUs 2 years ago :p
mtktm yeah, but if the crypto crashes to a level that is not profitable anymore, than there will be a shit ton of rx470/480/570/580 and all of the nvidia cards for literarly a few bucks a piece. Right now there is around 10 500 000 GPUs world wide mining crypto.
You should have gone the next step and invested in Nvidia as a company. Via capital gains alone they are up 150% in less than 10 months. For that matter I'll never know why anyone would consider any form of crypto mining after about 2012 or so. Once ASIC's came on the scene and corporate interests got involved the cost benefit ratio became ridiculously risky. Every now and again some derivative cypto like etherium makes a splash and everyone rushes to that side of the ship, it is effectively the same as playing penny stocks and hoping you get in early on the next big thing.
That's not what he said or meant.
My comment was intended to be directed to the op but youtube comments is doing something hinky and only showing some replies when I comment.
mtktm you ain't never lying . I have a Casio calculator that does adding and subtracting and weird basement turds are peeking at it with glee through my windows.
Linus: *Brings guests over*
Guests: "Why does it sound like a jet engine in here?"
Linus: "Dont worry bout that"
I bought an L3 for £2000 and sold it on Ebay for twice that lol. Invest in ASICS :P
TurboGamingUK that's quick easy money ;)
Linus should compare this, buy / sell / buy / sell ..... vs buy -> mine -> trash can :)
Yea did the same with the A3 Somebody actually paid me 3800€ for that one.
That's not that crazy, the A3 will certainly earn over 3800 Euros over its lifespan, the people who got them early will already be halfway to ROI.
What is comical is people paying $5000 for used Antminer S9s even though Bitmain regularly release batches of them for $2280.
True but you can get one for 900€ delivered in march. Doubt that in 45 days you will make the 2900€ difference unless we see SIA moon.
Still waiting for those 3 PCs he left running for a year
Same here man!
Same
Part 2 will never happen
They forgot them lol
M A Luke built 3 PCs each with different fans configuration (positive, negative pressure and a balanced one) and supposedly left them running for 1 year to see which one is better, there's a video about it posted last year
I prefer to run in my Asics than mine in them, i'm not a minor anymore
It ain’t just miners taking the GPUs. Its also regular folks who could give a crap about gaming or mining who have bots buying the GPUS so they can make money reselling.
X4 Gaming but they wouldn't be doing that if they're wasn't miners buying them.
Miners and gamers.
See the whole system was built to house just gamers and that's all it did for decades. So with any influx of people. Or people just deciding they want 2 cards instead of 1 now. It was gonna hit a crash.
In this case though it's 5x the sales numbers if not higher and really they just need to make more cards. But they won't because high demand low supply is amazing for their bottom line.
I'm sorry but if they are making bots to scalp the market that's not regular people.
Classic case of selling the shovels. SOMEONE's making bank, but it's not the people buying these.
This aged poorly
Investment is the stepping stones for success. Waiting for the government to provide is total waste
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert miss Anna
Miss Anna have been handling my account for years now
wow I'm just shock someone mentioned and recommended expert Miss Anna, I thought I'm the only one trading with her
she helped me recover what I lost trying to trade for my self
indeed she's an expert
R.I.P. The guy behind the shelf offered a razor blade to open the boxes...lol
0:38 Denied
exactly what i thought
Not really a big deal. He didn't even see him.
Something also to note is the difficulty increase. That will really push the ROI out exponentially. Unless you can get the units for retail right when they come out and have access to really cheap or free electricity then the ASIC's aren't really going to be a good investment for the hobby miner. Unless you plan to almost immediately flip it on ebay for an inflated price. which, honestly, isn't a bad idea. GPU rigs, as noted, are easy to part out and re-sell. And the secondary market on GPU's right now is fairly inflated so the prices are pretty high. Mostly due to GPU miners.
0:39 lol he tries to hand you a knife but you open the box with the keys lol
CalculatinGenius he has a knife on his keys
**GPU Prices go back down after this video**
One can only hope $900 for a new or used 1080 is crazy to me
"We have no effect on the market. We just make videos" ( ͡° ͜ʖ ͡°)
9:37 And today, they cost
Why what happened is the profitability gone now?
Well i think ill pass on mining coins. To expensive to get start this late
There are so many coins at few cent that will cost over a $1 next year. And with BTC price drop they all dropped %50 in value, so I would disagree
Hes talking about mining not investing in coins...
This isn't late, this is still early in the grand scheme.
But yes, with ASICs you *need* to buy them very early, as in, you need to be among the first or at worst, second batch of buyers who get them. Otherwise you'll be buying them after the amount of return per day is much, much lower. The S9 isn't a bad buy at all though as BTC will certainly go much higher in the future, the Bitcoin it earns will be worth a lot more later this year I think.
Linus should have mentioned how important buying an ASIC early in its life is, honestly all these LTT crypto videos have been pretty bad with poor rig planning (that 13 GPU + 3 PSU machine is terribly inefficient) and a lack of critical info.
Why would they buy a D3 and L3 over two more S9s? It makes no sense at all, the S9 is more profit, there is little reason to buy the other two. C'mon, LTT.
The S9 is an exception to the rule as it's like 18 months old but still earns a good amount even with the BTC price in the gutter.
13 GPU doesn't require 3 PSU's you can get the new EVGA P2 2200 WATT for 13 gpu connections and 13 GPU slot mobo. all one rig.
I got in asic with s3 then upgraded to 6 s5. The wait list and price got ridiculous.
Well the S9 used to be worth it when it was 1490 USD, since the large price bump it seems hardly worth the investment anymore.
Humanity is just really eager to burn down the Amazon rainforest it seems
"We are gonna come back in a WEEK."
16 days later...
Edit: Lol
well...it can't run crysis😂😂😂
nope but it could make a mineing crysis... ill show my self out
Neither can your wore out 1080.
ehm yes it would???
BUT WILL IT BLEND?!
nor can it run minecraft ;)
I had a mini mining rig with a gtx 1050 ti that I hid in a cafe for almost two months before the gpu died from running at 80 degrees constantly.
kUsHL0rD 420 what were you mining? I just started mining with my 1050ti
how much did you make?
My gpu runs at 60C constantly while overclocked while mining. Also, it's 1 GPU, don't kill me
First Austin does a bad sponsor transition now Linus is saying “but is it worth it”! How did you two switch bodies
Shoulda started your video with "HEY GUYS, this is Linus!"
YEAHH Stay away from the Graphic CARDS!!!
0:41 Hello darkness my old friend
0:38 "All Around Me Are Familiar Faces"
Worn out places, worn out faces
Huncho green has really been of help to me in this pandemic period, i can now pay my Bills.
In a Gold rush, the one who sells pick axes and shovels always ends up getting rich..
Rip energy sources
NICE
still waiting on those solar panels to get gud
Rip environment. We are mostly still running on non renewable sometimes pollutive power plants
hope we get solar panels made specifically for cryptomining
@TheShinobiCode and cold fusion
Dude. STOP ENCOURAGING THIS.
0:39 - 0:42 when somebody leave you hanging on a date.
0:38 hello darkness my old friend.... i've come to talk with you again.
Danny Devito why are you so rude? *slightly rubs her tail on your chin*
Jorge Carlos Bustillos why is everyone here so aggressive? *Hugs her pride flag* my gf says I'm a very likeable person
so optimally, the best solution is to use GPU mining, and to resell the GPUs once they've paid themselves off+ some small figure (say $1,000), so you can essentially continue to profit on the sale of the used gpus. (and by which time newer GPU hardware (with better hashing ability) will have come out, which you can then re-invest and repeat?
Linus gets gpus for free, so he can mine at pretty much no risk
Most mining has been unprofitable without free hardware and free electricity for a long time.
@@YaFunklord this comment has not aged well (bitcoin over 40K, has reached over 65K, will probably be going even further)
@@economiaemquarentena4592 Still not profitable unless you steal graphics cards and electricity. And with a global ban on cryptomining coming up, also stupid to invest in.
Everyone's investing in Crypto but the real money comes from investing in GPU's 😎💸
No Linus, when the profitability is gone it becomes a space heater not a paper weight
yup
I thought it became a noise maker to drown out background noise. leave it plugged in just remove the ethernet cable and close your wallet account so you don't get robbed.
Imagine how many GPUs will pop up on ebay when the bitcoin bubble will pop
Skund bitcoin has nothing to do with gpu mining
Skund If the bubble would pop, most of miners would just mine diferent coins, or simply turn the miners off and wait till the valeu comes back.
That's not how bubbles works DarthBloodyVader...
gold must be the biggest bubble in history of humanity them and it didn't even burst.... yet
Doug Horvath Ok, the ppl who repayd for their gpus by now with mining, would just turn the miners off, but the ones who didnt, they would sell their gpus. Thats about right.
0:40 me inside
Imagine you were the only person with this kind of thing in the world when bitcoin came out.
Thats literally printing money.
You'll basically take control of the network, you will have enough computing power to ulter the blockchain in your favor.
Linus Mining Tips
mining is taking on the difficulty curve of a Dark Souls game
More the inverse. DS = 1-Crypto. DS games get easier the more you play them!
My S9 has been solo mining non-stop 24/7 for the last 4+ years. Might seem like alot of wasted power, but it hit 1 block (6.25 coins) about a year ago. Im leaving it going till it just burns itself up, it def paid for itself...lol On the other hand my Z9's and Z11 cant even cover there power costs at this point.
Garlicoin mining = 1 lambo a week
dude i just started mining garlicoin cuz of you, i can say that its 2-3 times more profitable than btc right now.
Here in my garage, just bought this new Lamborghini. But you know what I like more than materialistic things? *Knowledge.*
Malus1531 Knawlidge!
Bitconnnneeeeeeeeeeeeeeeeect
Buy my book, get rich!
I can't build my first ever pc now because of mining can't they just lower the prices of gpus a bit?
PS:i miss your build guides :(
if youre in the US then go to a microcenter, they will sell the gpu at retail price if you spend 500 dollars on the rest of the components (if you plan on building a 600 dollar gaming rig, the gpu's you would use are not effected by mining anyways)
James Mastroianni affected* and they still are. GTX 1050 Tis that cant mine for shit are still sold out or 5x overpriced
Logan, I am aware they have a slight price increase, but its just due to them being the only gpu's that aren't mining, so naturally more gamers will buy them. 229.99 (the average on newegg) is less than a 50% increase in price. Link to the cheapest one there below:
www.newegg.com/Product/Product.aspx?Item=N82E16814133640&ignorebbr=1&cm_re=gtx_1050-_-14-133-640-_-Product.
Also you can get a 1050 non ti or a rx 560 for 139 dollars (which is about 20 dolllars or 18% over retail) linked below:
www.newegg.com/Product/Product.aspx?Item=N82E16814137058&ignorebbr=1&cm_re=gtx_1050-_-14-137-058-_-Product
www.newegg.com/Product/Product.aspx?Item=N82E16814150813&ignorebbr=1&cm_re=rx_560-_-14-150-813-_-Product
James Mastroianni but you can't deny that there is a gpu shortage and there is a lot of chaos in the market due to these overpriced gpus
PRA ARORA I would account the 1050(ti) and rx 560 price increases to dram price hikes more than mining and actual gpu shortages.
Can you revist this and tell us how it got on :)
But can it mine gold and silver? I hear there is money in those as well.
Go wear ppe and go underground.
Don't mine directly below you tho, and bring torces
"Oh shut up Im not gonna drop it" aww poor linus 😂😂
Thanks for doing this series guys, you're deff my favorite tech channel
Butterfly Labs Jalapeno paperweight owner here.
Nvidia and AMD really need to jack up the prices of graphics cards since miners love buying so many of them. They get a bigger wallet to develop more in the later future and the miners get fucked over the most, it’s a win/win
Ohh hi there....I am frm the future and they truly did
I used Antminers S2 after their "profitability" to heat my home a bit cheaper. The math was easy. 1200 Watts of heat out of my heater costs what 1200 Watts cost. 1200 Watts of heat from my Antminer costs 1200 Watts minus whatever it generates.
Beautiful and funny.
6:43 I Know you really like dropping things...
Difficulty to the moon
16 days and Linus hasn't aged a bit
Hey could you do best 3d printers of 2018? I'm trying to find the best one and there are so many different reviews. Help please?
Research which controller board each one uses (if they even list them) about 99% of them are using atmel based boards. Look for one that has an ARM base controller, or one that can be replaced with a ARM base board. If looking for a board to upgrade to, look at smoothieboard.
what are you going to print? tall stuff? maybe a delta if so, i own one i think it does a great job and can print up to 30cm in height and a bed with 18 cm radius
Bought a Wanhao Duplicator i3 in early 2017, very capable machine at 350 bucks, you only need to put in 2 screws to assemble it (literally 2). But the CR10 has come down in price and also does very good prints at an even larger size 30x30x40cm vs only 20x20x18cm on the i3.
7 dollars a day ?then u might aswell buy a good metal detector
Exactly!! Or just plant some weed in the back yard, it pays a heck of a lot more per day. tsk tsk
i hope you spoke about yourself @Advocatus Diaboli
and as of 2019 now its making NEGATIVE $1.06 a day. (if he's paying 10 cents a kilowatt hour)
0:00 "So.. tell me what you want, what you really, really want"
"I'll tell you what I want, what I really, really want!"
Does anyone else see that ledger nano s on linus's keychain
I did
0:40 thug life
Here in Australia, electricity is 30c+ per kWhr so I guess that totally excludes all chances of making a profit with any kind of setup.
Would be possible where there is plenty of sun and use solar. Would need batteries.
Again this would make it almost pointless unless you had 1000s of them.
Mining dogecoin not included, dissapointed
from the manufacturers perspective, why dont they use their devices just by themselfes?
aggressivli Why does anyone do anything?
'cause they know what a bubble is...
Because selling these at insane prices is waaay more profitable than mining with them, especially since they can always bump their profits with the next version of one. The industry around cryptomining is more profitable than the actual mining itself, as long ofc as the "next big thing" is never further away than 4-5 months.
Because they're public companies with investors that expect them to design and manufacture computer components.
Because investers > Mining
0:39 😂😂🤣 saw that extended helping hand? Which was insulted by Linus....
Pinus Tech Tits was menstruating that day
In 2021 my 3060Ti is making almost as much money/day as that D3 with a fraction of the power draw, and I use it to play games as well (it helps that BTC is currently valued at $50k/coin). Crazy how much can change over the course of 3 years.
My single Pi Zero makes over $1000 a day.
Are you sure about that?
My toaster makes 1 million dollars a day
My plastic grocery bag nets me about 2B$ per hour
Alanah i guess I guess you could say... *It's in the bag*
TheDutyPaid well my breakfast cereal made double the amount of whole bill gates life time, just before i ate it
I admire your and your teams efforts Linus. Your tips and reviews are amazing and totally needed.
Make USB miner
Too late www.buybitcoinworldwide.com/mining/hardware/usb/
GeForce gtx g assist lol
I use solar to power my house. Either way I am cool.
It's official. Mining has taken over gaming PC hardware. Vids like this only further solidifies this point.
Hopefuly difficulty will raise so much that it will be absolutely pointless to mine with graphic cards so the price can finaly go back to normal which was high already enough ffs.
It does become harder but the average trend of the coins is that they also increase in value, so the net effect is that you still get the same ROI. If ROI decreases, then in theory, people should buy less GPUs. But that is not what is happening because ROI hasnt gone down by much. The difficulty on mining is not the only factor on a ROI, the price also affects ROI.
There are ASIC resistant coins which can only be mined with gpus so good luck to you.
00:40
LOL
4:05 Don't forget those warranty stickers mean nothing from a legal standpoint due to the Magnuson-Moss warranty Act.
removing or breaking them does not void warranty, the only thing that does is if something occurs which is user caused damage.
Saying that, it may just make your life harder as you have to argue with them about it, so best avoided if you can.
BUT, you are still well entitled to your warranty
Bestbuy has some reference 1080s in stock for $590 as of writing this.
Jonathan Taylor Stop crushing ppls dreams :DDD
DarthBloodyVader The best buy located by me still has amd cards on the shelf @SRP.
Jonathan Taylor You can buy stock 1080's for like $549 USD from the nvidia website if their in stock.
Ken _ I know, but they're not in stock at the moment.
Jonathan Taylor Yep that's true, I'm honestly just waiting for Volta to do a new pc build.
I hope they kept all the bitcoin from back then
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for the most part plastic fans generally stop when encountering fingers, however i'm sure they could make you bleed.
If you want to do a useful mining video. Why not do a tutorial on how to get started and running for those of us gamers with only 1 or 2 GPUs? Might as well bank some cash while unable to buy a GPU at a reasonable price.
agreed we gamers would love to make cash
Download Nicehash Legacy miner, get a Nicehash wallet.
1: Unzip Legacy Miner, start it, benchmark the currencies (You HAVE to do this to mine).
2: Enter the Nicehash wallet address (On the website in your wallet info).
3: Start mining after checking in that equipment to use.
1060 6GB, 1070, 1080, 1080ti, 570, 480, 580, vega, R9 390 are all good for mining and will make you varied amounts of money. Right now I'm making about 2-3$ a day with a bad market and non mining drivers for just my Ryzen 1700 and 580, if the BTC price rises, so does the amount of cash you earned, i make somewhere around 100$ a month if not more no matter how the market is :)
People will keep crying about miners forever, even tho retailers aren't doing shit to help gamers. Those who are already sitting on cards might as well use them to mine instead of just scream and salt.
Yes it is, what a question!
The real question is, can you afford one? I can't T_T
O