Great video.. But I suggest and end slide or glossary talking about the things that are new to people... I watched it once, had to go back and watch probably 3 more times to remember each term or step or variables of each step.. Then again, it made me watch the video 4 times so what do i know... 😅 lmao
This is far the best channel explaining crypto. Now how can I start mining crypto on my phone. (That's possible right? So many people have uploaded videos about this. ) Also I'd like to get into mining, solo. And which websites can I use to mine ETH Or BTC.
@@januarysson5633 you can think of it as a randomly generated password string and the miner keeps guessing until it finds that password. So it's automatically generated strings. No one is manually creating them
This is a really well-made and easy to understand video. I appreciate how you're straight to the point and don't dwell too much on the more technical stuff. 10/10!
Almost 40 years ago I taught photography at evening adult ed classes. I launched into explaining cameras and their controls. From the back of the room, a hand went up. An older lady asked me, “how do you put film in the camera?” I had my wake up call. I had shown people how to do that for years. The lesson that I learned is this; You can never back up far enough with your presuppositions about what people know, and what they need to know. This is a lesson that this blogger needs to understand………
I agree. It is a confusing video. However, if he had to explain every word that wasn’t a common knowledge word the video would have easily been over 2 hours. If you really want to understand how crypto mining works I recommend watching this video again, and every time you dont understand a word, pause, look up the word on google, and after you understand what it means continue the video. If you dont care about trading or mining any crypto currency, just know that it is created by people making their expensive computers solve very complex math puzzles. And it only has value because people says that it does. I hope this helps and that you understand what you were looking for.
I think everyone needs to find a way to start crypto because it’s really profitable , I believe this is what the future is about and we all need to join , can someone guide us please?
You and your team and your associates are absolute legends. Thanks so much for the work that you've all been doing *Strongwidget on the internet.* Keep up with the great work, you've been doing!! Thank you for saving and protecting millions of Americans from this heartless people... 😔 What comes around, goes around!!!!! Let them have it!! God bless your heart for helping us the victims...🙏🏼🥰❤️
The gpus are like your calculator that solve your maths equation, the only difference is you don't punch the numbers that do it themselves. The application that you use for them to work with are the ones that gives them the equation to solve it. It takes long time for them to solve it because unlike your college maths they are way more complex. After they get the final answer you will be rewarded with either bitcoin or etherium etc anyone of them you mine. The whole process is called mining. Literally it should be called calculating.
@@johndia5 To set up a wallet you can go to the coin you want to mines website. They have steps that are pretty clear to follow. You can download any mining software. They are several. Example unmineable, ccminer, minersgate and more complex ones like hiveos for your rigs.
@@olatunjigidado3845 bro I’m not buying a new computer til I know exactly what I’m doing I wish someone would do a full step by step video and use basic English
@@johndia5 you can let mining chamber know am sure he will find time to break things down to the very simple English so you can understand. Wish you success in your mining.
@@MiningChamber I feel the same as those above, but I feel its bc I know so little about the topic rn. I think if I understood the general concept of crypto mining, then this vid would be AMAZING.
The market is getting really interesting lately, and how do I go about this? since I heard it comes with losses just like what is happening now with me, although I'm optimistic about the next step
My only problem with a decentralized system is that governments don't want that....I'm not saying it's not possible but it's just unlikely...I personally believe government's will bring the hammer down on Bitcion because it's attacks their ability to mismanage the current
Avoid waste on energy: the nearby islands in The Philippines are ideal for solar or aero blades mini windmills for pennies while you got simple living. We can arrange for long-term lease (& corporate set-ups) when you relocate as expat to this tropical haven.
To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, ferret out ideas, and take recommendations. You can seek more guidance from Paulson Dmitriev his guidance got me this far.
Partly, but a lot of it is Covid. Every Video card has semi conductors and there is a general shortage of that across the board because the manufacturers shut down at the start of the pandemic. Covid has driven the demand for PC's through the roof and so has the demand for more computer centric cars. Even with the manufacturers running at 100% and new factories being built, it will take until 2023 before the available supply meets demand.
Bitcoin is a very exciting development; it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.
Bitcoin is a very exciting development; It might lead to A world currency. Over the next decade it will grow out to become one of the most successful/important ways to pay for things and transfer assets
I'm learning here. First thing, I believe I understand that mining is the process in which the miner, through complex computation, solidifies BTC transactions and assists in weeding out the possible BTC copies of themselves. Basically overseeing the crypto world and distinguishing the real from the fake. In return, the miner is (sometimes) rewarding with BTC. HOWEVER, my main question is, when will mining become obsolete? There are currently 18.7MM BTC in circulation with 21MM to ever exist. So, within the next year or two (I assume), all 21MM BTC will have been mined. Then what? One of the more intriguing aspects of BTC is that there is a finite supply. If somehow more BTC is created, then that would theoretically reduce its value based on the principle of supply and demand. Creating more BTC is the exact same as printing more dollars, which is subject to inflation. Please correct me if I'm wrong, because I truly don't know, but it appears that if you aren't already mining substantially, then you've missed the boat on it altogether. Yay, nay, or am I in the gray area?
I’m pretty sure it’s designed to get more and more difficult to mine and the process will get slower. It’s projected to release the last of the 21M by the year 2140.
@@kaijohnsonfinance4406 Thank you. I believe the problem with real questions is that there's really no source to the answers. We can speculate, and Nakamoto should know everything about it, but wherever they are, they seemed to have just left us a trail of breadcrumbs. It's up to the people to make this a thing or not.
Thanks for an interesting video. However, I would appreciate if you could find some time to answer my questions: 1) Who would be the right person in terms of specialization to build a ring? 2) How many times a human interference is needed per day to check the system? 3) What is the best crypto you would suggest to start mining? 3) What type of premises mostly recommended for mining farm? 4) I couldn't catch the issue of halving 5) What if the electricity interrupts for a few minutes, even seconds of an hour? 6) Does it mean that I have to sell or keep the crypto I have earned from mining and then transfer it to my card as real currency? 7) What is the best GPU configuration you would suggest? Thanks a lot in advance.
I notice alot of people, including yourself, mention that when the price of a coin goes down the rewards are less incentivized because your return is less. But isn't that the best time to mine because less people will be mining and if/when the coin goes up you've made all those coins so they will be worth more?
I still don't understand the value of finding solutions for puzzles, and why finding solutions by running some hardware is valuable and need to be rewarded. 1, where the puzzles come from? The algorithm? 2, who needs the solutions for the puzzles? The algorithm? 3, who rewards people for their "jobs"? The algorithm? 4, why solving puzzles is a value added activity and to be rewarded?
Yes, otherwise big mining farms wouldn't make sense - if single card mining was losing money, then several hundreds/thousands would lose even more in total. Highest electricity cost in the world is in Germany (source: Google) with 0.387$/kwh and according to whattomine.com calculator it would make mining profitable anywhere in the world with at least an amd 400-series or newer or nvidia 1000-series or newer gpu.
Very true --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Followed #BIT_CURRENCY ON !NSTAG got out of debt, built an emergency fund and then more savings and eventually starting my own business. Now it’s time to seriously invest! Time waits for no one! I swear it feels like I graduated HS yesterday 😂 (38 years old) lol but I have more than enough time! I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake
@@sarayamamoto4268 Hey Sara, I'm thinking of setting up a mining system as well I'm new And I would really appreciate any tips or anything that you can teach me regarding how to it set up :) thankxx!
By the power of GOD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- EarnFastBtc on !nstaG you shall always be blessed in Jesus name , you have helped me begin preparing better for my future and I owe all of that to you
Good reviews of techno pawns everywhere, they’re truly the best as I just received and confirmed bitcoin available, you really a Life has really been so good and a lot more for me since I start dealing with above name team 🤩 I keep getting the flip breads in disguise
so i can buy a pre built, get into crypto mining and just profit daily? most of my appliances are gas and electricity is dumb cheap, could you link a good pre build that i could buy?
I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investment?
I hate to be the bearer of bad news, but this video is NOT for dummies. My hunt for a clearer (and verbally slower) explanation video goes on. In the meantime, "Hey CHATGPT... please explain bitcoin mining in three different and distinct ways...so that a 6-year-old, a 10-year old and a 16-year old can understand it"
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services
consistency is key, I've been investing with her for months now and I've made alot of profit from her. Most of those traders who offer to give you 500% of whatever you invest might scam you of your ha
my cousin recommended her to me. He has been investing with her for some months now, but the profits he gets is not that large, I've seen other traders who offer to give you 500% of whatever you inves
*Nice content! The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments.___*
Wow! this is a jewel. the best comment I've ever come across on YT. Why didn't i ever think about this. Thanks for this, I'd also really appreciate if you give me some tips/guidelines that would guide me on the right path to take while investing.
@@JohnnyGalang I’m not in a position to guide you, You just got to find the best investment and find a strategy that works for you or better still find yourself an investment adviser who'd help you trade and control your portfolio, with their knowledge and experience you’d earn very good revenue.
I have traded with a lot of individuals but i have never come across anyone as good as Mrs Susan Mccowan, applying her strategies ,I now trade independently.she is the best i'd advise any novice in investing to trade with her
Excellent video, covering the mining basics so clearly and yes it will be great to have a separate video on mining post Ethereum 2.0 as it will happen, just a matter of when! Keep up good work!
I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful
Thank you very much, your chanal is a very big help for a starter miner :) And yes, I'd love to hear more about what to mine after ETH 2.0 implementation. Keep up the best work!
What kind of CPU would be recommended when running say seven 3070's?! I'm assuming i9 or higher right? Just so you have enough power to run all those GPU's. And for the motherboard I'm assuming a Z590 too right?!
@@shmeatzz Wow this such a nice video but why wasting you time watching video and doing nothing..... Am so grateful 🙏 to my uncle who introduce me to Expert Cook his a man of integrity I invested $500 and I got $3,000 in my BTC WALLET
Awesome video. Very easy to understand. I guess people will start to mine some other cryptocurrency when PoS starts if not profitable anymore... Thanks a lot for sharing the information ❤️
The most interesting thing is that mining can be absolutely free, as in the Utopia ecosystem, and still bring a good income. And the only equipment you need is a computer, no matter how powerful, as long as it works steadily
I get such GREAT service every time I go to the top brand wave and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This
Thanks for the clear info and sharp explanation. It helped me understand it even better. I don't own a mining rig or else, but I want to invest in cryptocurrency. Not a big invester, but I am so interested in getting a rig (hopefully someday). Subscribed already.
By the power of GOD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HUBCRYPTOTECH on !NSTAG you shall always be blessed in Jesus name , you have helped me begin preparing better for my future and I owe all of that to you
These days it ain't easily to pick good investment strategies, especially for beginners, I started investing a little while ago and I've come to realize that nothing beats first hand experience, that's why it's always advisable to start with someone showing you the ropes
Wow you know Armstrong? Its really good to know more people are getting to know about him and he is finally getting the kind of recognition he deserves.
I've never had the privilege to have a one on one conversation with him but i must say in the few months I've gotten to work with him i was able to tell he is gonna be a genius if he is not on already. I'd rank him amongst my top 3 traders
Is there a set number of bit miners per block, or can the number increase to the point that profits diminish to a negative profit per block even when solved.
Question: how does it actually get collected? By that I mean do you need a 3rd party website? Because I don’t quite understand thanks to everyone who helps im still learning!
For some people who dont know, the best gpu for mining (2021) by price and value is the rtx 3060 ti, its pretty hard to get and ranges from 500$usd to 650$usd. The best and easiest way ive found to get a 30’s series card is to go to microcenter and ask when the store is getting a restock. If they say the date, come to the place AS EARLY AS POSSIBLE. And sometimes they dont even have it lol :/
By the power of GOD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HUBCRYPTOTECH on !NSTAG you shall always be blessed in Jesus name , you have helped me begin preparing better for my future and I owe all of that to you
Awesome video....but let's say for us newbies, once who start in January 2021...if ETH really goes down, what other cryptocurrency do you believe could be the one to mine next? Thx for the excellent video :)
Hola, podrías hacer un vídeo explicando cómo configurar las gpu según cada algoritmo o moneda a minar? Hello, could you make a video explaining how to configure the gpu according to each algorithm or currency to be mined?
To say mining is more profitable than proof of work is misleading, depends on ROI and how much you're willing to stake. Someone staking 10k vs someone staking 100k will have very different roi. Then you stake your rewards to compound and it gets even more profitable
GREAT START -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------from me to EarnFastBtc on !nstaG may the spirit of God continue to bless you in all areas of life , I have finally received my first pay, this is amazing
Great video. I have a question though, would mining on a single GPU be profitable enough to the point it's worth doing? Or is it heavily recommended that I use a mining rig?
Great video, I just hope one day another hardware then the GPU or a kind of tweaked gpu will be dedicated to miners. because right now, for people working in graphics, video games, 3d modelers, game developers are suffering from this! RTX 30 series GPUs are out of stock and if you find one it is so expensive!
Any gamers who are needing graphics card etc. Download the discord app and there is several groups that they will notify you when everything is restocked. Companies that sale this stuff always alert people on the discords first to give them a chance before they put it out to the entire web.🥰
@@amannyoung354 Hey, Thank you! I'm at the moment developing and an RPG Game called "Kaylan" with Unreal Engine 4, trying to find an RTX 3080 to be able to work properly for next gen quality. if you want to help with Donation It will be very much appreciated! Thank you! This is my Metamask wallet: 0xfa12C983cfa7B0779e70d923f13B3dA7B60856F4
Bitcoin mining is always the best especially with the realest plug, I really appreciate this team for a job well done, they are real and one in a million, I would never stop working with them
Been amazing trading with pro trader Mr Corey for months now, he is the best and I must recommend him because he has helped me earn lots of profits trading bitcoins
@@diegohernandez4525 Trading with Mr Corey has been my best decision so far I’m earning enormously in bitcoin and I would advice beginner traders to do same because I think he’s the best
Hey everyone! ~ hope this video helped clear out some confusion or educate in the slightest bit!
Nice
Lost me at 2:55
Great video.. But I suggest and end slide or glossary talking about the things that are new to people... I watched it once, had to go back and watch probably 3 more times to remember each term or step or variables of each step.. Then again, it made me watch the video 4 times so what do i know... 😅 lmao
This is far the best channel explaining crypto.
Now how can I start mining crypto on my phone. (That's possible right? So many people have uploaded videos about this. )
Also I'd like to get into mining, solo. And which websites can I use to mine ETH Or BTC.
Yo I subscribed as soon as I heard XXX Tentacion💔📀👑🎤
There needs to be a video for REAL Dummies, because I'm still completely lost.🥴😵😭
I'm sorry I tried! It's a bit of a confusing topic but I'm sure eventually it will all click
@@MiningChamber Like I said to my last boyfriend, "It's not you it's me." ❤️
😂😂
My question is who writes the equations that are put into the block for the miners to solve or are they autogenerated by some AI program?
@@januarysson5633 you can think of it as a randomly generated password string and the miner keeps guessing until it finds that password. So it's automatically generated strings. No one is manually creating them
I will never stop recommending you
This is a really well-made and easy to understand video. I appreciate how you're straight to the point and don't dwell too much on the more technical stuff. 10/10!
Thank you! Don't mind the other guy commenting with the same name, an impostor 😓
Why does this comment section look like it was wrote by bots
Ikr 😂
I see that
beware of crypto scams
Because it is. I've seen it on a lot of mining chamber videos. Irritating when you're actually trying to read actual feedback about the video content.
It truly is infuriating, when I come back to YT I have alot of cleaning to do on these damn bots…
Almost 40 years ago I taught photography at evening adult ed classes. I launched into explaining cameras and their controls. From the back of the room, a hand went up. An older lady asked me, “how do you put film in the camera?”
I had my wake up call. I had shown people how to do that for years. The lesson that I learned is this; You can never back up far enough with your presuppositions about what people know, and what they need to know.
This is a lesson that this blogger needs to understand………
Lovely story sir
I agree. It is a confusing video. However, if he had to explain every word that wasn’t a common knowledge word the video would have easily been over 2 hours. If you really want to understand how crypto mining works I recommend watching this video again, and every time you dont understand a word, pause, look up the word on google, and after you understand what it means continue the video.
If you dont care about trading or mining any crypto currency, just know that it is created by people making their expensive computers solve very complex math puzzles. And it only has value because people says that it does. I hope this helps and that you understand what you were looking for.
20 minutes taught me more than what 9 years of school did... Great video i subscribed!
Hello
👍F R E E mine from your 📱
PI network👍
Invitation code Thongkt
I think everyone needs to find a way to start crypto because it’s really profitable , I believe this is what the future is about and we all need to join , can someone guide us please?
I would recommend you get started with a professional trader that will trade for you while you get the profit
Do you have an idea of any good trader I can start with that's trust worthy?
I would recommend my current trader Brian Davis. He is currently earning a lot of profit for me and his services are top notch
Wow, i'm shocked you mentioned Brian Davis, he is also my current trader and he earns 10,500$ for me weekly
Brian Davis is one of the best traders I have worked with.
You don't know how refreshing it is to see a clean comment section, thank you! So many bots out there
Ehh bots 😓
I’d like to talk to you about your cars extended warranty
@@justinkolster7188 I need all your credit card info pls and thank
@@justinkolster7188 what?
@@sunnydecree8410 get a real job bot
Why is it called mining? Is there crypto just floating around on the internet or are you buying the crypto?
honestly happt i clicked on this vid outta all the ones that came up, here's an algorithm bump, like and comment boys, girls, and all
Thank you
@@JuanPablo-id4eu Instagram
@@JuanPablo-id4eu True
Honestly... just learning about Crypto and this allowed me to continue pushing forward!
it's just boys and girls.
My friend. You have the right equipment, knowledge and ability to teach. This channel is going to be big.
You and your team and your associates are absolute legends.
Thanks so much for the work that you've all been doing *Strongwidget on the internet.*
Keep up with the great work, you've been doing!! Thank you for saving and protecting millions of Americans from this heartless people... 😔
What comes around, goes around!!!!! Let them have it!!
God bless your heart for helping us the victims...🙏🏼🥰❤️
I'm happy after seeing comments. I thought I was dumb 😭
Me too
I am dumber
I’m probably the dumbest tho
what language is the guy in the video speaking because I don’t understand
Gotta understand my tv remote first
Congrats to the WINNERS! Great stuff @Mining Chamber.
Wtf i won thanks you. Plz video on cpu mining future XMR 👌
Btc 50k now on this bull run
Thank you Panda!! And congrats ok 3. Listen if BTC is not 50K.. I will find you 🙂
@@MiningChamber I wish I can join . 😩
Does anyone know hasrate for nvidia tesla k80 24gb for ether mining?
I swear every time I look this up I leave more confused than I started
The gpus are like your calculator that solve your maths equation, the only difference is you don't punch the numbers that do it themselves. The application that you use for them to work with are the ones that gives them the equation to solve it. It takes long time for them to solve it because unlike your college maths they are way more complex. After they get the final answer you will be rewarded with either bitcoin or etherium etc anyone of them you mine. The whole process is called mining. Literally it should be called calculating.
@@olatunjigidado3845 I get how it works I don’t know things lie setting up a wallet or even what site to go to
@@johndia5 To set up a wallet you can go to the coin you want to mines website. They have steps that are pretty clear to follow. You can download any mining software. They are several. Example unmineable, ccminer, minersgate and more complex ones like hiveos for your rigs.
@@olatunjigidado3845 bro I’m not buying a new computer til I know exactly what I’m doing I wish someone would do a full step by step video and use basic English
@@johndia5 you can let mining chamber know am sure he will find time to break things down to the very simple English so you can understand. Wish you success in your mining.
I've been watching crypto videos for days, this is buy far the best one with the most info. Well done. Subbed and thumbs up!
Thank you so much!!
Facts 💯- #newsubscriber
@@freepromoninja576 💙⛏️
Yes, I think so too.
Definitely more lost than before but I appreciate you putting this video together.
Same
😔 I must do better
🤣🤣🤣
Me too 🤦🏽♂️
@@MiningChamber I feel the same as those above, but I feel its bc I know so little about the topic rn. I think if I understood the general concept of crypto mining, then this vid would be AMAZING.
Can i host my rig in your house?
@veronicajames13501 ty
Based on this video i completely changed my mind about mining. So much info i just got lost halfway thru.
@@kimberlywhite7312 lmfao get out
As lucrative as crypto business many are still ignorant due to lack of financial information
Keep buying and investing in stocks or crypto and in the end you will enjoy your rewards. Soon BITCION $100,000
The market is getting really interesting lately, and how do I go about this? since I heard it comes with losses just like what is happening now with me, although I'm optimistic about the next step
My only problem with a decentralized system is that governments don't want that....I'm not saying it's not possible but it's just unlikely...I personally believe government's will bring the hammer down on Bitcion because it's attacks their ability to mismanage the current
Avoid waste on energy: the nearby islands in The Philippines are ideal for solar or aero blades mini windmills for pennies while you got simple living.
We can arrange for long-term lease (& corporate set-ups) when you relocate as expat to this tropical haven.
we need a video on what should we do after ethereum 2.0 and what coins should we start to look for ?
Coming soon!
@Frak Cadillac still waiting )
To be a super-trader, you'll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market's characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, ferret out ideas, and take recommendations. You can seek more guidance from Paulson Dmitriev his guidance got me this far.
@Paul Ethan what how
Oh so these are are the people who make the gpu prices go up and out of stock wow thxxxx guys
"these are the guys" yes. We buy gpus to make money. Not sure how that's bad ;)
Yep u and ur fortnite are gonna have to wait for mass gpu availability
@@xKINGY well i have a core i7 and a 2060 but the next time i get a pc ima have to wait lol
Partly, but a lot of it is Covid. Every Video card has semi conductors and there is a general shortage of that across the board because the manufacturers shut down at the start of the pandemic. Covid has driven the demand for PC's through the roof and so has the demand for more computer centric cars. Even with the manufacturers running at 100% and new factories being built, it will take until 2023 before the available supply meets demand.
@@xKINGY i mean it will be good when everyone can just say fuck it and raise that hashrate :)
Bitcoin is a very exciting development; it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.
Bitcoin is a very exciting development; It might lead to
A world currency. Over the next decade it will grow out to become one of the most successful/important ways to pay for things and transfer assets
so in other words, you do the whole day mining for sports with dozens of GPUs, just to have to pay the bill for electricity with real world money??
I'm learning here. First thing, I believe I understand that mining is the process in which the miner, through complex computation, solidifies BTC transactions and assists in weeding out the possible BTC copies of themselves. Basically overseeing the crypto world and distinguishing the real from the fake. In return, the miner is (sometimes) rewarding with BTC. HOWEVER, my main question is, when will mining become obsolete? There are currently 18.7MM BTC in circulation with 21MM to ever exist. So, within the next year or two (I assume), all 21MM BTC will have been mined. Then what? One of the more intriguing aspects of BTC is that there is a finite supply. If somehow more BTC is created, then that would theoretically reduce its value based on the principle of supply and demand. Creating more BTC is the exact same as printing more dollars, which is subject to inflation. Please correct me if I'm wrong, because I truly don't know, but it appears that if you aren't already mining substantially, then you've missed the boat on it altogether. Yay, nay, or am I in the gray area?
Up
I really wish you received an answer.. this is a great, well put together question
I’m pretty sure it’s designed to get more and more difficult to mine and the process will get slower. It’s projected to release the last of the 21M by the year 2140.
@@kaijohnsonfinance4406 Thank you. I believe the problem with real questions is that there's really no source to the answers. We can speculate, and Nakamoto should know everything about it, but wherever they are, they seemed to have just left us a trail of breadcrumbs. It's up to the people to make this a thing or not.
Cause it's gonna crash..and whoever invest ,,will lose it all..and there's nothing nobody can do....so get a rig..cause it's Rigged
finally...I still don’t know enough to validate/dispute everything you said but it at least makes sense to me. Thank you 🙏🏾
Glad it does! It's a field full of complexity absolutely, don't blame you at all ⛏️
Thanks for an interesting video. However, I would appreciate if you could find some time to answer my questions: 1) Who would be the right person in terms of specialization to build a ring? 2) How many times a human interference is needed per day to check the system? 3) What is the best crypto you would suggest to start mining? 3) What type of premises mostly recommended for mining farm? 4) I couldn't catch the issue of halving 5) What if the electricity interrupts for a few minutes, even seconds of an hour? 6) Does it mean that I have to sell or keep the crypto I have earned from mining and then transfer it to my card as real currency? 7) What is the best GPU configuration you would suggest? Thanks a lot in advance.
I notice alot of people, including yourself, mention that when the price of a coin goes down the rewards are less incentivized because your return is less. But isn't that the best time to mine because less people will be mining and if/when the coin goes up you've made all those coins so they will be worth more?
True
I still don't understand the value of finding solutions for puzzles, and why finding solutions by running some hardware is valuable and need to be rewarded.
1, where the puzzles come from? The algorithm?
2, who needs the solutions for the puzzles? The algorithm?
3, who rewards people for their "jobs"? The algorithm?
4, why solving puzzles is a value added activity and to be rewarded?
Dude, what an awesome video! I truly appreciate your knowledge!
Thank you!!
This might be a dumb question, but I'm new to this. Would single-GPU crypto mining even be worth it when compared to the electricity cost?
Yes, otherwise big mining farms wouldn't make sense - if single card mining was losing money, then several hundreds/thousands would lose even more in total.
Highest electricity cost in the world is in Germany (source: Google) with 0.387$/kwh and according to whattomine.com calculator it would make mining profitable anywhere in the world with at least an amd 400-series or newer or nvidia 1000-series or newer gpu.
@Crypto WZRD oh this nikka the one that trade that $CAM
Yes. Its only cost about 10-15% from ur profit for the electric cost. Depend on where you live and also depend on the coin you mine cost.
Solar, wind, hydro energy production, oil refinery and diesel generator.
I started mining w/ my gaming PC. About $5-7 a day so far, single gpu mining.
GJ on the content guys, cheers for the shoutout. Lots of editing work there.
Thank you so much BBT! Keep up the awesome work!
Can you make a cryptomining for the mentality handicap video? That's the one I need. 🤯😫🤦♂️
Glad to see a fellow Canadian, can tell from the bills
Good to hear
Awesome content. I don't have a mining rig yet but I hope to get on a next level someday. Btw you now have a new subscriber 😎
Thank you very much! And welcome to the community ⛏️⛏️
Wow I just realized I can use free electricity and money to throw away being in the army.. I should’ve done this way sooner.
That is a smart idea!!
And you’ll still be able to buy that camero
@@whoreheysilver8664 😂😂😂😂😂
Your act of kindness and service shows how big of a heart you have for others thanks for the $13k you such amazing @nelson_hack_01 on !instagram
The barracks are finally good for more than just revolving door rats
You were the first dude I watched when learning about mining. At the time I got scammed but now I got some asics and some crypto now
So is it basically building a gaming pc?
Very true --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Followed #BIT_CURRENCY ON !NSTAG got out of debt, built an emergency fund and then more savings and eventually starting my own business. Now it’s time to seriously invest! Time waits for no one! I swear it feels like I graduated HS yesterday 😂 (38 years old) lol but I have more than enough time! I was in the dumps via credit, owed $44k in card debts and 97k in student loans and really couldn’t afford anymore Tried Lexington law a while back and that was just a mistake
you've been putting the work in, and it shows!! keep it up
Thank you Vosk! 💙⛏️ Likewise!
Thanks so much for making this video, it has really helped me in my quest to learn how to mine crypto.
I would like to mine but I'm just starting, I'm gonna look at your other videos.
I started 3 days ago idk what I’m doing but computer is running only one gpu, day and night :) glhf
@@sarayamamoto4268 can you explain to me what an MI is and how I can mine without farm servers
@@sarayamamoto4268 Hey Sara, I'm thinking of setting up a mining system as well I'm new And I would really appreciate any tips or anything that you can teach me regarding how to it set up :) thankxx!
@@sarayamamoto4268 please tell me
@@sarayamamoto4268 please can i know more details
By the power of GOD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- EarnFastBtc on !nstaG you shall always be blessed in Jesus name , you have helped me begin preparing better for my future and I owe all of that to you
Good reviews of techno pawns everywhere, they’re truly the best as I just received and confirmed bitcoin available, you really a Life has really been so good and a lot more for me since I start dealing with above name team 🤩 I keep getting the flip breads in disguise
easy to understand, thank you for the video
Wow! How did you get enough money to even start this whole setup. Looks expensive.
so i can buy a pre built, get into crypto mining and just profit daily? most of my appliances are gas and electricity is dumb cheap, could you link a good pre build that i could buy?
Thank you brother So Helpful Love you lots!
Glad it is! Much love 💙⛏️
I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investment?
All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses
How can someone know a professional trader that is trustworthy when legit ones are hard to find this days
I will recommend my current trader Mrs Ashley Rebecca, she is from USA and her strategies are earning a lot of profit for me
Is this not the same Mrs Ashley Rebecca, my neighbors are talking about, she must be a perfect expert for people to talk this good about her
kindly reach her through her telgram handle@Tradewithrebecca0
I just got myself a new apartment with the help of this team, course they really helped me a lot 🔥
I hate to be the bearer of bad news, but this video is NOT for dummies. My hunt for a clearer (and verbally slower) explanation video goes on. In the meantime, "Hey CHATGPT... please explain bitcoin mining in three different and distinct ways...so that a 6-year-old, a 10-year old and a 16-year old can understand it"
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
consistency is key, I've been investing with her for months now and I've made alot of profit from her. Most of those traders who offer to give you 500% of whatever you invest might scam you of your ha
my cousin recommended her to me. He has been investing with her for some months now, but the profits he gets is not that large, I've seen other traders who offer to give you 500% of whatever you inves
I just withdraw my profit last two days before now. am glad i did invest with them still reinvested and the trade is ongoing
So how can i get in contact with her?
*Nice content! The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments.___*
Wow! this is a jewel. the best comment I've ever come across on YT. Why didn't i ever think about this. Thanks for this, I'd also really appreciate if you give me some tips/guidelines that would guide me on the right path to take while investing.
@@JohnnyGalang I’m not in a position to guide you, You just got to find the best investment and find a strategy that works for you or better still find yourself an investment adviser who'd help you trade and control your portfolio, with their knowledge and experience you’d earn very good revenue.
@Josefina Velacion *you can reach her via telgram @INVESTWITHMCCOWAN1*
I have traded with a lot of individuals but i have never come across anyone as good as Mrs Susan Mccowan, applying her strategies ,I now trade independently.she is the best i'd advise any novice in investing to trade with her
@@elizabethkeown9338 can you supply her info please?
…… I don’t even qualify being a dummy. 99% of the time I am lost. Anyways thank you for explaining!
Excellent video, covering the mining basics so clearly and yes it will be great to have a separate video on mining post Ethereum 2.0 as it will happen, just a matter of when! Keep up good work!
Thank you!! And il do a video on that then ;)
Success is about focusing Your energy on what creates results and using what you already know
I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful
Assets that can make you rich!
I.Crypto
2.Stocks
3.Shores
My first crypto mining video. You did a very good job of explaining it. I look forward to more of your videos. Thanks,
I hope you can choose the mining machine that suits you. I can also answer your questions about the mining machine.
new to mining hoping it is not to late to join the community, thank you for the video learned and will continue to learn more
so with the new Ethereum literally down the road what now?
awesome video, now make one on how to acquire a gpu at msrp in 2021 lol
😂😂 that is a dream isn't it
remember they buy from scalpers too
@@SpoopyMoth then i'd be a gamer and not a miner ;)
Investing in crypto now is very cool especially with the current rise in the market now
Thank you very much, your chanal is a very big help for a starter miner :)
And yes, I'd love to hear more about what to mine after ETH 2.0 implementation.
Keep up the best work!
Thank you brother!
@@MiningChamber as a beginner how much do you think is needed to start crypto mining?
What kind of CPU would be recommended when running say seven 3070's?! I'm assuming i9 or higher right? Just so you have enough power to run all those GPU's. And for the motherboard I'm assuming a Z590 too right?!
An Awesome Video.
Everyone needs more than than a Basic Income to be Financially Secured in this present time that there's an Economic Decline
⬆️⬆️ send a direct message on how to mining your coins we will assistant you in whatever way you need assistance...
This was really helpful to me thank you!
Made some good money from the gme squeeze and this looks totally fun to get into!!! Thank you for the guide
Is that over and done with? The gme squeeze?
@@mavrk.d def still squeezeable but I made my money and left
@@shmeatzz Wow this such a nice video but why wasting you time watching video and doing nothing..... Am so grateful 🙏 to my uncle who introduce me to Expert Cook his a man of integrity I invested $500 and I got $3,000 in my BTC WALLET
Awesome video. Very easy to understand. I guess people will start to mine some other cryptocurrency when PoS starts if not profitable anymore...
Thanks a lot for sharing the information ❤️
Thank you brother! And yes exactly haha. Il make a deep dive video about it soon
The most interesting thing is that mining can be absolutely free, as in the Utopia ecosystem, and still bring a good income. And the only equipment you need is a computer, no matter how powerful, as long as it works steadily
I get such GREAT service every time I go to the top brand wave and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This
Gibson_Techs
Gibson_Techs
Gibson_Techs
Thanks for the clear info and sharp explanation. It helped me understand it even better. I don't own a mining rig or else, but I want to invest in cryptocurrency. Not a big invester, but I am so interested in getting a rig (hopefully someday). Subscribed already.
By the power of GOD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HUBCRYPTOTECH on !NSTAG you shall always be blessed in Jesus name , you have helped me begin preparing better for my future and I owe all of that to you
I think you need to be well prepared when choosing a mining machine. You can ask people in related fields.
These days it ain't easily to pick good investment strategies, especially for beginners, I started investing a little while ago and I've come to realize that nothing beats first hand experience, that's why it's always advisable to start with someone showing you the ropes
Ever heard of the Tucson Trader Armstrong? when it comes to showing the ropes in crypto related activities i believe he is goated.
The ease of communication and the way he breaks down complex ideas into simpler terms should be studied in the universities LOL
Wow you know Armstrong? Its really good to know more people are getting to know about him and he is finally getting the kind of recognition he deserves.
I've never had the privilege to have a one on one conversation with him but i must say in the few months I've gotten to work with him i was able to tell he is gonna be a genius if he is not on already. I'd rank him amongst my top 3 traders
@Silva ... I hadn't heard about him before..... well I have now and i assume from the comments I've seen here he is really good
Is there a set number of bit miners per block, or can the number increase to the point that profits diminish to a negative profit per block even when solved.
Great explanation! Good job my man
Question: how does it actually get collected? By that I mean do you need a 3rd party website? Because I don’t quite understand thanks to everyone who helps im still learning!
Awesome overviews .... I am glad I came to your video's first. Direct and to the point. Thank you
Crypto is the future of the world trading system...hope you learnt a lot also focus on spot trading. You can make a better profit from there
For some people who dont know, the best gpu for mining (2021) by price and value is the rtx 3060 ti, its pretty hard to get and ranges from 500$usd to 650$usd. The best and easiest way ive found to get a 30’s series card is to go to microcenter and ask when the store is getting a restock. If they say the date, come to the place AS EARLY AS POSSIBLE. And sometimes they dont even have it lol :/
By the power of GOD ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HUBCRYPTOTECH on !NSTAG you shall always be blessed in Jesus name , you have helped me begin preparing better for my future and I owe all of that to you
I just want a decent gpu to play games 😭
Oh little did you know that a 3060 ti would be upwards of $1600 9 months later
I am just knowing this now
Awesome video....but let's say for us newbies, once who start in January 2021...if ETH really goes down, what other cryptocurrency do you believe could be the one to mine next? Thx for the excellent video :)
Thank you! And il make that part of the upcoming eth 2.0 video ;)
Investment should always be on any Creative man's heart for success in life and I'll advise you do little glimpse of that on your video*
That's through investment should be on every creative man's mind due to the economic situation
At the moment now I'm a bit confused about this investment stuffs because I don't know what to invest in perhaps Crypto, Forex or even stock.*
I have a prebuilt out PC but I just installed one of the new graphics cards would it be safe to mine with it
I am broke till I meet the professional above☝️☝️☝️who added money to my wallet.
A LOT of useful information here, thanks!
Hola, podrías hacer un vídeo explicando cómo configurar las gpu según cada algoritmo o moneda a minar?
Hello, could you make a video explaining how to configure the gpu according to each algorithm or currency to be mined?
i really hope that one day i will be able to have enough money to get myself a rig lol looks so cool
Do you want to mini Bitcoin or Ethereum and do you have Bitcoin wallet
Better get an wind mill and some solar panels system to backup the huge amount of energy this stupid mining solution attached to the crypto is eating.
@@IaSaVedem do you want to mini
You will.
@@BTBM88 I can Teach you how to trade yourself
A good explanation for the N00Bz 👍
Who you calling noobz- manboobz!
Id like to get into this but not sure where or how to start.
To say mining is more profitable than proof of work is misleading, depends on ROI and how much you're willing to stake. Someone staking 10k vs someone staking 100k will have very different roi. Then you stake your rewards to compound and it gets even more profitable
GREAT START -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------from me to EarnFastBtc on !nstaG may the spirit of God continue to bless you in all areas of life , I have finally received my first pay, this is amazing
Great video. I have a question though, would mining on a single GPU be profitable enough to the point it's worth doing? Or is it heavily recommended that I use a mining rig?
Watch my latest videos for mining on your pc I cover that there with a single gpu
more then half of the GPUs are out of stock
When it comes to cooking Gordon is an absolute expert at roasting literally anyone for the flaws in their approach to it
Wow so you got them all i just need one to play a game.
Great video, I just hope one day another hardware then the GPU or a kind of tweaked gpu will be dedicated to miners. because right now, for people working in graphics, video games, 3d modelers, game developers are suffering from this! RTX 30 series GPUs are out of stock and if you find one it is so expensive!
Do you want to mini Bitcoin or Ethereum? Do you have a Bitcoin wallet
Any gamers who are needing graphics card etc. Download the discord app and there is several groups that they will notify you when everything is restocked. Companies that sale this stuff always alert people on the discords first to give them a chance before they put it out to the entire web.🥰
@@amannyoung354 Hey, Thank you! I'm at the moment developing and an RPG Game called "Kaylan" with Unreal Engine 4, trying to find an RTX 3080 to be able to work properly for next gen quality. if you want to help with Donation It will be very much appreciated! Thank you! This is my Metamask wallet: 0xfa12C983cfa7B0779e70d923f13B3dA7B60856F4
@@tattedupchanel1134 Thank you! I will take a look!
Bitcoin mining is always the best especially with the realest plug, I really appreciate this team for a job well done, they are real and one in a million, I would never stop working with them
New to all this, will have to watch this vid several times to get the whole concept. Thank you!!!!
My pleasure!! Welcome to the community
Been amazing trading with pro trader Mr Corey for months now, he is the best and I must recommend him because he has helped me earn lots of profits trading bitcoins
@@diegohernandez4525 Trading with Mr Corey has been my best decision so far I’m earning enormously in bitcoin and I would advice beginner traders to do same because I think he’s the best
Hey nice video how long it took you to recover the investment ?
This is the best video I have seen on Cryptocurrency.
Great explanation Thank You 😊
Alsyifa
👍F R E E mine from your 📱
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Invitation code Thongkt