Mining Vs Buying Crypto - Which is more Profitable? (Free Spreadsheet)
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- Опубліковано 18 жов 2022
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You are amazing! Thank you very much for taking the time to make these videos!!!
Thanks for this video. You answered a lot of questions and cleared a lot of confusion in my head.
Always waiting for your video ❤️
Great video! Super simple and clear explanation: please create the additional sheet 💪🏻
You are awesome, thanks
good video! the last few days showed me that going to defi was the right thing to do!
my favorite project here is definitely grizzlyfi
the team is super transparent and the roadmap is very good for the future
You're back!
Great Channel with easy to understand content. Could you also do a video about Thorchain (Rune)?
Where can I find the spreadsheet?
(Yes, I subscribed...)
Any chance of a video regarding THORChain, USDC, Kinesis Money, Haven Protocol, or MakerDAO?
Best way to buy crypto once and compound profit by cost per average.
Thanks for the info. < No matter how much you have traded or lost trading doesn’t guarantee you’ll make it back in the near future the charts are ruthless and don’t have sympathy for anyone. I have managed to grow a nest egg of around $645k to a decent 7 figures in the space of a few months. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Marnell English has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get burned.
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thanks man! I'm happy that you bring some calculations, nice!
Very interesting content! Thank you for this video! Do you know already grizzlyfi? Biggest launch on BSC and now also preparing their launch on ETH. Very nice DEFI protocol. Yield farming very easy. Would be nice, If you could share a video about it!
Fantastic, in-depth content.
Have you already heard about Grizzlyfi?
largest launch on BSC and are currently getting ready for their launch on ETH. Defi protoco is quite great.
I'd appreciate it if you could post a video of it.
Thanks!
Thank you for this detailed video on the difference between mining and buying. As a beginner I've been mining with the Grizzlyfi platform and it has benefitted me so far.
Thank you for your dedication in teaching people that are new in the crypto space. Really appreciate it!!
great video
The end goal is generally to earn more passive income, like the GrizzlyFi platform would be useful especially to beginners. Either with mining or you could otherwise get their native token.
Both i am doing
Super useful, thanks for making this!
Hi There,
Can you make video on miningpool feature in Binance App
Where can we find this free spreadsheet ? I checked your website but couldn’t find it.
What happens with miners when the last bitcoin is mined in the year 2140?
I signed up and entered my email but i never received the spreadsheet. Where can i access that?
Hi.
Just wanted to know your views on Jasmy coin.
Where have you been????
Hello man! Do you still have the spreadsheet available?
This is where I don't understand. Any reasonable businessman would shut down their mining machine. If that is the case, how could bitcoin maintain its network security?
Mining currently generates almost nothing even with 4090
You should invest in asics if you really want to dive into crypto mining
Wow, good one! Thanks!
I missed you and I know the answer without watching the video because I mine my crypto so the next video SHOULD BE what to mine since mining is dead ;-( mining MBTC now no ETH no more.
Thank you very much. Well, sometimes I mine, but on my laptop. So, for me it's more of contributing to the network! Next up I want so much jump into the DeFi world!
This doesn't take into account fees miners earn for being part of the network and validating transactions. Nor does it take into account the growth in Hashrate "difficulty". This spreadsheet is very very high level and does not take into account some pretty serious impact to the bottom line. This spreadsheet focuses on only BTC when it comes to mining and no other factors.
Bitcoin mining becomes kinda weak I wonder what's in miners interest so better just hold bitcoin with some percentage on bitfinex
Difficulty adjustment rate is actually a major factor. It eats up your returns around the clock. There is couple good calculator with adjustable projected difficulty rate and it dramatically changes estimated ROI. If you didn't pay too much, you can usually break even, dollar wise, in less then a year (or close to, depending on market conditions), but breaking even, coin quantity wise, is not guaranteed, many times impossible.
In regards to 51% attacks on networks, why can't we have a network where everyone knows what is right so even if an attacker has 99% of the processing power / stake / etc., The remaining 1% (AKA all the other users) can do the calculations themselves, decide that the attacker is wrong, and proceed with the correct decision together, essentially splitting the network whenever any actor says something incorrect?
With that kind of electricity prices I think it's not beneficial to mine
So i have been messing with the idea of. Buying 6 solor pannles and 6 batteries. To runn my minimg rig . And doing so for Ethereum. At that point liveing in Arizona the power well be free . So we’ll reduce my start up cost in thw long run. Anyone else do this or think of doing it ?
👆Let’s talk for good I’ve got something massive to introduce------.
❤
What if you live at your parents house and they pay for the electricity??
Their money is also your money man. 😂
your are a capitalist genius
Nice..good job
Thanks for sharing this insightful tips! I've gain so much knowledge about bitcoin trading! l'm so excited I've been making $35,000 and above.
Buddy, how can I have a life like you, I'm totally new to trading! Any consistent strategies?
My tutor is "Mary Allen, I watched a news interview on where she was featured during an IPO and spoke proficiently, caught only her name and did a search later online.
Investing your Crypto with Mary Allen is the best decisions to take because so many people have benefited from it and still benefiting
I have a massive portfolio of $120k! got started from a UA-cam referral about her trading strategies.
Also started trading with her recently. $27,000 profits in just 2 weeks of using her services.
what about childern
Man I am literally learning everything crypto related from your channel! thanks a lot!
Now it will be more profitable to buy Crypton cryptocurrency.
and the reward being cut in half every 4 years
Mining=Leveraged exposure to btc
super...
So I still mine $KAS
To mine crypto you have to invest a shit ton of money now:/
I only buy and almost never sell, except that time I swapped some of my btc when the bloodbath was only beginning
What about Renec the new token of Remitano exchange....
Mineing is not worth it, trust me
first
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.
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You invest with Mrs Reyes too? Wow that woman has been a blessing to me and my family.
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I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Unfortunately, this whole analysis is only relevant for BitCoin and barely applies to most of cryptocurrencies out there. Proof-of-work vs. proof-of-stake makes a huge difference here. With proof-of-stake mininig is a lot cheaper. You don't really need specialised hardware and your electricity bills aren't going to be that high. On the other hand, you need a stake to participate in mining, which means if you want to start mining, you have to buy first anyway, and the more you buy, the more you'll be gaining from mining, because the more often you'll be selected to produce a block. In fact there is probably a minimum stake that you've got to have to make mining profitable and it would certainly be interesting to calculate that threshold depending on a few variables.
ROI doesn't make sense. Machines are priced to ROI 2 years out. In the highly volatile market that is crypto, it's just gambling. Unless you like the hobby, just buy the coins straight up. You'll be able to buy way more than you can mine with the initial investment. With network difficulty on a continuous rise, the mining revenue just gets worse by the week unless the asset continuously increases. The people who get rich mining are the vendors of those machines.
Should you mine? or should you buy?. My real simple answer is just create your own token tell everybody it's the hot s***!. And dump on everybody and leave like those influencers in the social media channels. Nobody's really buying crypto anymore. The only way people buy?, is if?. If the exchanges One exchange become the most powerful of them all and regulates whether it gives a green light or a red light to each crypto that is created.
All I heard that mining there is a GPU massive sell-off right now all of the miners?, just disappeared off the grid so crypto is really just cooling off and dying off.🤷♀️😐
this says BTC will be 19k from now until 2028, that doesn't add up - well of course the numbers will be bad
My guy you need to control your comments section 💀
Good actionable info & data. Not going to send my email for “security reasons”, (something anyone with half a brain in this ecosystem should understand). But I will like & subscribe to support the channel for now. I’m a self sovereignty freak, and a boomer (to add insult to injury), so having stumbled into cryptocurrency late in my long life, I’ve discovered that I was way ahead of my time. But my time is running out! Fast!That knowledge & a few bucks will buy a cheap cup of coffee somewhere.
Still, this kind of knowledge is exactly what someone trying to fight off the on going war against the average person by the sociopaths of the world needs to make informed decisions & I appreciate your contribution to the decentralization of economics!
I’m just sayin..
Who has sold the used hardware for more then they paid
Also name another coin you can mine that’s not trash I’ll wait
I'm of
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This is not the first time I am hearing of Mrs Susan and her amazing trading skills but I have no idea how to get to her
I invest with Miss Susan too, she charge a 15%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit…
Hey! Please who is this advisor of yours? I guess success really means total knowledge and I hope she can help me get back what I lost. Can I have an easy access to reach out?
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*nice video please what is the best way to start crypto invesetment and make a good profit I don't understand how it really works. Can anyone show me the right approach to investing and making good profits from cryptocurrency investments*
I've
I keep buying and holding coins in tangem
The fact is, BTC is the future of crypto and the question traders ask themselves now is if this is the right time to invest. before jumping to a conclusion I think you should take a look at things first. For the past few weeks, the price of BTC has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish. While others still continue to trade without the fear of making a loss, others are patient. it all depends on the pattern with which you trade and also the source of your signal. I would say trading has been going smoothly for me, I started with 0.5 BTC and I have accumulated over 5.6 BTC in just three weeks, with the trading strategy given to me by expert trader Kyle Miller.
Kyle has helped a lot of traders & newbies out there, and with his help, one can recover losses from the crash so quickly
I am not here to talk about him, but to testify to something that I am confident about and that I am sure is the best.
I also trade with him and earn $ 8600 a week. My whole family traded with him having 85% profit.
I am so interested how can I reach him?
The ultimate goal is to generate more passive income in general, which is why the Grizzlyfi platform would be especially helpful for new users. You can obtain their native token either by mining or another method
Buy and mine simple👌
Your channel has really been of good help, now i know to mine or buy. Also some profitable ways to mine liquidity on $GHNY, you should also check it .
Love your video’s! But I don’t get why anybody would be considering this. There are decentralized applications that fixed the downsides of both option. HEX actually solves it. Mint your own rewards by staking in stead of mining and you don’t have to sell the price down to pay the electricity bills… Explained this in my first whiteboard video, would love your opinion as I watched a lot of yours! 🫡