Should you be mining BITCOIN? How to ACTUALLY mine Bitcoin in 2022 (the cheapest way)

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  • Опубліковано 28 вер 2024

КОМЕНТАРІ • 242

  • @SebsFinTechChannel
    @SebsFinTechChannel  2 роки тому +11

    Use code “SebsFinTech” to get a 4% discount on the Bitcoin USB miners here: bitcoinmerch.com/products/bitcoin-merch%C2%AE-mars-lander-solo-bitcoin-miner-up-to-250gh-s?aff=296 🙂

    • @jediknight2350
      @jediknight2350 2 роки тому

      i take it your just going to keep them on solo mine.

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +1

      @@jediknight2350 yeah to me that’s more fun 👍

    • @lasvegas3370
      @lasvegas3370 2 роки тому +2

      I mine BTC on 3070 founders nicehash $2.70 per day per card.

    • @lolalbt3375
      @lolalbt3375 2 роки тому

      Hi, my name is Lola.
      After watching your UA-cam video, I really appreciate your point of view.
      I am one of the person in charge of the company's brand operation and promotion.
      May I ask you to communicate with us to promote our cloud mining platform?
      Looking forward to your reply.

    • @andreaok5192
      @andreaok5192 2 роки тому

      Senza inpazzire, 100% sicuro

  • @aztecfitness7782
    @aztecfitness7782 2 роки тому +20

    Sebby you forgot the halving cycle of block rewards. So it’s not just the increase in overall hash rate. Not worth it at all, but 100% sill fun! You’ve taught me so much so glad I finally had something to contribute back to you.
    You’re awesome, keep being you!

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +9

      Ah dang it you are right! 😅 Thanks for pointing that out. I thought I had everything covered with the network hashrate increase and the rising power costs!

    • @justh0dl
      @justh0dl 2 роки тому

      Came to say this! Glad someone pointed it out lol.

  • @Volamek
    @Volamek 2 роки тому +33

    I have 0 interest in trying this, but it seemed interesting. As soon as you start your presentation, I'm hooked! Keep doing what your doing, Seb. The information and education you bring to the community is invaluable.

    • @user-gd4bl2xn2z
      @user-gd4bl2xn2z 2 роки тому

      *Quickly hit me up⬆⬆⬆⬆for more information*

  • @scardera
    @scardera 2 роки тому +5

    Its more relevant to buy btc for the price of the parts instead of trying to mine as much as possible. By buying and holding it you remove btc from circulation creating scarcity making the price go up. Thats a cool little thing but its not efficient in anyway.

    • @mahmoudiamir
      @mahmoudiamir 2 роки тому

      You can buy 0.02 btc with cost of one kit which is more than what it can mine in entire lifespan with no hassle and no problem:/it doesn't make sense at allll.
      Then you can stick to the btc and gain from the price increase

    • @scardera
      @scardera 2 роки тому

      @@mahmoudiamir thats pretty much what ive said…

  • @Oskywosky27
    @Oskywosky27 2 роки тому +1

    You can make more cloud mining with Ember on your phone and the app is free.

  • @tscotts9699
    @tscotts9699 2 роки тому +2

    Whats really cool about these is they knock down the barrier to entry and enable more distribution of the network among more common people. I want to see more products like this, but even more efficient and accessible.

  • @dragonks5972
    @dragonks5972 2 роки тому +4

    Damn ,my dad told me something about btc minig with sticks around 7 or 8 years ago

  • @VitaliySunny
    @VitaliySunny 2 роки тому +13

    This chip will not work for several years. These chips are most likely taken out of obsolete ASICs, i.e. most likely these are already used chips.

  • @KChambersOfficial
    @KChambersOfficial 2 роки тому

    Still new to this but even in 10 years you didnt hit the pool threshold.. what did I miss?

  • @brigadier_shiv
    @brigadier_shiv 2 роки тому +2

    I used to be doing this back in 2012 (ASICs on USB) but then moved into cloud mining.
    Makes me want to dig them out though as already have a pretty grunty solar system but I don't think they will have the same #rate as the newer bitmerch ones so will check them out.
    Thanks for another great and reminiscent video for me :)

  • @ChumpChangeXD
    @ChumpChangeXD 2 роки тому +1

    Yeah this is definitely interesting but I think the odds to hit a solo block are slim to none you probably have a better chance of meeting God LOL. Good stuff brotha!!

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +2

      "You have a better chance of meeting God" sounds like a threat an 80s mafia guy would make 😂 Thanks for stopping by mate, appreciate you!

    • @ChumpChangeXD
      @ChumpChangeXD 2 роки тому

      @@SebsFinTechChannel bahahahaha 🤣🤣🤣
      Was a great video tho!

  • @mineiromineirador6553
    @mineiromineirador6553 2 роки тому +4

    buy another gpu and trade ETH mined in to BTC...

  • @simkin8698
    @simkin8698 2 роки тому +1

    RIP. 6 mins in and they are completely sold out. Lol. Thanks for the informative video!!

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +3

      They are not up yet! Check again soon! :)

    • @simkin8698
      @simkin8698 2 роки тому

      @@SebsFinTechChannel Thanks for the quick reply!! I'll keep checking!

    • @simkin8698
      @simkin8698 2 роки тому +1

      Still showing no stock. Either it's not up yet, or I missed it and that's that. Bummer.

  • @Carlinhood
    @Carlinhood 2 роки тому +1

    Love the video Seb!
    Thank you for all your knowledge, let's hope we all find a decent coin to mine after ETH 2.0 🙏🙌

  • @26GPS34
    @26GPS34 2 роки тому

    You should use, imho, at least one back to back because the 2nd will take air from back of the 1st, a bit hoter, then and the 3rd from the result of both 1st and 2nd.
    Cheers !

  • @Easy-3577
    @Easy-3577 2 роки тому +1

    Very nice video - thanks Seb! Tried to buy a USB miner from Bitcoinmech within the hour after your posting. All kinds all sold out! To bad ... Keep those video coming!

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому

      I don’t think they have been put up yet, check again in a little while! 👍

  • @MeMakeStuff
    @MeMakeStuff Рік тому

    Looks like fun to me! Was thinking of trying with just one miner to save money.

  • @alexzan1858
    @alexzan1858 2 роки тому +5

    0.00014 mined per month with minimum payout 0.01 => payout never LUL

  • @petrobull2560
    @petrobull2560 Рік тому

    Great video thanks!👍

  • @TranslucentJuice
    @TranslucentJuice 2 роки тому +1

    Ha, funny enough, I have one of these and had the same idea of doing a little solar rig. Looking forward to that video :D.

  • @eternablue730
    @eternablue730 2 роки тому +1

    good video but power consumtions are completly wrong, why the hell do you count the rasberry pi ????

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому

      I tested it again without the rasberry pi and wattage was basically the same. I think the Pi pulls maybe 1W

  • @sixtyinsix
    @sixtyinsix 2 роки тому +5

    I think I'd go with the "lottery ticket" method as the hardware investment seems reasonable when we're talking about decades of time. If you used this proposed setup with the solar power from day one, would solo mining be more profitable? Just one block hit in 10 years seems to be greater profit over pool mining I'd guess. Anyone with working knowledge of game theory or forecasting care to chime in re: how many solo blocks (if any) might one find with Seb's proposed rig over 10 years?

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +4

      This is exactly the stuff I wanna look into for my video on setting this up solo mining. :D

    • @sixtyinsix
      @sixtyinsix 2 роки тому

      @@SebsFinTechChannel Honestly all of this is a very interesting proposal considering it's initial scale, scalability, and duration across time. Might have to include forcasting difficulty over a decade as well. So many interesting variables...

  • @alper1444
    @alper1444 2 роки тому +1

    It would be interesting, if you can use it with an already running hive system (gpu mining rig)

  • @redskin6146
    @redskin6146 2 роки тому

    Such an awesome video .... love it. In calculating the ROI, did you include the original cost of the full kit? Thanks.

  • @kirkhilles523
    @kirkhilles523 2 роки тому

    Excellent analysis, thanks!

  • @phillipgerringer9822
    @phillipgerringer9822 2 роки тому +3

    Very cool devices. What do they sound like? Those small fans they sell to attach to them look quite loud.

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +3

      They are actually pretty quiet. I couldn’t hear the fans in my mining room so they are quieter than GPUs.

  • @Zomkar99
    @Zomkar99 2 роки тому

    you could also use the 1000 USD to buy 0.02 BTC right now

  • @clarod
    @clarod 2 роки тому

    Hi Sebs...what about cloud mining "solo" with nicehash or mining rig rentals ?

  • @AaronRB2000
    @AaronRB2000 2 роки тому +1

    Hey Sebs, your videos are extremely amazing! I learnt so much and am grateful for the knowledge you put out in the mining community... keep up the great work.
    I have a question. Hoping if anyone can help or you may do a video on this.
    My rig is located in a hot country and my 3090 card is running hot without Aircon,
    I was wondering is there anyway we could program or type a code, if gpu temp hits 98 degrees then the megahash rate will go to 110 megahash (currently I'm getting 121 megahash with AC on) even if gpu vram temp hits 98 at 110 megahash, then the code will lower it down to maybe 100 till it gets 96 degrees. I hope I made sense, what you think? Thank you all for taking the time to read this. I appreciate it

  • @ZyxEd2525
    @ZyxEd2525 2 роки тому +3

    Interesting device, but isn't it better to buy the coin directly?

  • @4evermetalhead79
    @4evermetalhead79 2 роки тому +1

    Let the fun…BEGIN! 😊
    For me it would be even more fun, if it allowed me to assemble the miner myself. Yes, i am odd like that. 😅
    So exciting to mess around with these things. 🤘🏼

  • @hicoteo
    @hicoteo 2 роки тому

    I'm totally green and looking into this as a hobby to make some crypto coin. However, the learning curve combined with costs seem to make it best to simply buy some.
    I have solar but not good internet. What type of internet is needed in terms of speed and consumption?

  • @darindotcc
    @darindotcc 2 роки тому

    Nothing in stock

  • @ssgcollections2697
    @ssgcollections2697 2 роки тому

    Why not just buy and hold if we are talking about long term?

  • @Klagi100
    @Klagi100 2 роки тому

    Hey seb, can you show us how you connect one of these to you rig?

  • @IgorB0405
    @IgorB0405 2 роки тому +2

    Why is no one talking about how they are charging literally double the cards price, Sebs it's not worth selling overpriced hardware to your community, You're better than that. Keep up the GPU content.

  • @kenleung3796
    @kenleung3796 2 роки тому

    Hi Sebs, wondering if you mind to do a 1 month mining update to this video?

  • @rickysantos3683
    @rickysantos3683 2 роки тому

    Good analogy

  • @kolabhairava2376
    @kolabhairava2376 2 роки тому +1

    Crazy decision..))) Antminer S9 mines 13.5 TH for the price of 300$

    • @kristiantenorio
      @kristiantenorio 2 роки тому

      At 1323 Watts, Antminer S9 is only 40% energy efficient compared to these sticks. So both of them are crazy decisions unless you have free power.

  • @edkellers
    @edkellers 2 роки тому

    its possible to hit one BTC alone with one of those ?

  • @owenjoel1164
    @owenjoel1164 2 роки тому

    Great Video!

  • @matthewcohen7488
    @matthewcohen7488 2 роки тому +1

    Ah, supply chain issues - as is typical. So in other words, good luck.

  • @vzenv9946
    @vzenv9946 2 роки тому +1

    What are the odds with lotto on these and how many could the tiny computer run at max.. just the 3 or a few bro?. I have inverter panel and batery.. all in shed collecting dust cant wait to see what to do with em..

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому

      I actually don’t know how many you can run but definitely more than three.

  • @dement242
    @dement242 2 роки тому

    How about just investing $994.99+shipping in BTC and wait?

  • @martinmoyano2235
    @martinmoyano2235 2 роки тому +4

    Its like buying a perpetual lottery ticket. If you can mine solo -no pool mining- you have a 0.0001% chance of hitting a block.

  • @gauranganisthadas7879
    @gauranganisthadas7879 2 роки тому

    Theres any alternative to buy this ? if they dont have it?

  • @perugugic
    @perugugic 2 роки тому

    Who the heck would care to go through all that stuff to make less than $500!? Great video though

  • @Andurill
    @Andurill 2 роки тому

    why not just buy the coin if you think it will 2x?

  • @jean-francoisaubin
    @jean-francoisaubin 2 роки тому +1

    It's a lottery ticket lol

  • @Moviehub23164
    @Moviehub23164 2 роки тому

    bro for information "dose it mine monero".

  • @tscotts9699
    @tscotts9699 2 роки тому +1

    Interesting especially if you have power limitations. What about thermals and noise? Curious how much heat they put out.

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +1

      Since the whole thing only consumes 44W, it's not a lot of heat. Barely any actually. As for noise, I couldn't hear them in my mining room, so they are quieter than GPUs.

    • @tscotts9699
      @tscotts9699 2 роки тому

      very cool

  • @crazytrainvde
    @crazytrainvde 2 роки тому

    super interesting stuff here but the ROI on this its just way to long and as u mentioned as difficulty increases u are making less.

  • @yogauniverse628
    @yogauniverse628 2 роки тому

    I am interested in selling to my bitcoin I just visited their website and it still says sold out is there any special way for us to purchase one of these?

  • @mancavecrypto7750
    @mancavecrypto7750 2 роки тому

    Thanks for the video, Sebs, was entertaining. Looks cool, fun project if you dont plan to make any money; at $250/stick will take forever to ROI. Maybe if it goes down to $50, I will throw some cash at it for fun. I am pretty sure solar panel and battery will not last for more than 20 years.

  • @MarkEasterTulsa
    @MarkEasterTulsa 2 роки тому +2

    Still waiting for stock. Update: Never mind. Not enough profit to bother with but I get the curiosity angle.

  • @carlosfernandez6470
    @carlosfernandez6470 2 роки тому

    What are the possible on solo mining ?

  • @DamonClinkscales
    @DamonClinkscales 2 роки тому +1

    That is so cool! Thanks for sharing that with us, Seb! Can’t wait to see the solar project powering little USB sticks…

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +1

      Going to be a fun project for sure :) Not the most profitable but I’ll have fun learning while doing it

  • @logandauksts5088
    @logandauksts5088 2 роки тому

    what is the roi on two of those

  • @goalienpsy2956
    @goalienpsy2956 2 роки тому

    1000$ cost for that usb sticks and waiting 20 years for get money back...

  • @torpedostrike8810
    @torpedostrike8810 2 роки тому +2

    Does anyone know if you can set one of these up to an existing miner/pc with just the hub and usb miner or do u need the whole kit

    • @torpedostrike8810
      @torpedostrike8810 2 роки тому

      dam as soon as i unpause the vid he covers that lol

  • @testcrashdummy7242
    @testcrashdummy7242 2 роки тому

    and you think these baby miners last for 10 years?

  • @devioun
    @devioun 2 роки тому

    Lol my calulatur says that you will make 64 dollars a month with the data colleted by the video + the coast of elecrticety near me wich is around $0.025 per kwh. Idk if its corret or not but if it is then you will make profit within a year (at the current rate of btc). after that you make around 1,100 dollars a year, now it isen't alot but if you buy $70,000 worth of it then you would make 112,000 dollars a year (after that first year) witch is around 9-10k a month, now thats alot. Lol but it could be wrong.

  • @bestyoutube5318
    @bestyoutube5318 2 роки тому +2

    I need one and hope btc makes 1 million dollars 😂 Thanks sebs

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +1

      Me too! 😂 Thanks for watching and being early to the video!

  • @izzykilo1101
    @izzykilo1101 2 роки тому +1

    Super nice, hook me up with one of those

  • @bambatsa
    @bambatsa Рік тому

    you forgot halvings...

  • @Maxttor
    @Maxttor Рік тому

    Pls it´s USB is 3.0?

  • @juansuarez3384
    @juansuarez3384 2 роки тому

    Great video, I agree it's cool. But not worth it at all. You're better off buying btc lol but still cool, kind of a novelty thing to say you're mining.

  • @TheFutureisTheFuture
    @TheFutureisTheFuture 2 роки тому +1

    Nice idea but mining regular coins and getting paid in BTC and holding seems more logical? No? I do like the mining aspect but it seems like it's more logical to mine via GPU and get paid in BTC... (also, everything is sold out still) 🙃

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +4

      For me personally what is the most interesting about these is the fact that you can actually solo mine Bitcoin on them and have a chance of hitting a block. I know the chance is about the same as winning the lottery, but since these in theory should be able to mine btc indefinitely it’s kind of like owning a lottery ticket that never expires.

  • @noel.sk03
    @noel.sk03 2 роки тому

    how many watts does the USB stick take? i want one of theese to add on my mining rig but if it take more than 10 watts its not worth it.

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому

      It’s about 14 watts per stick including the fan so a bit more than your limit then

  • @bradburnham356
    @bradburnham356 2 роки тому

    so, I'm in the long term profitability at the end. because he is just mining it and holding it until a spike he would profit more with less hassle just buying 1000$ in bitcoin.

    • @bradburnham356
      @bradburnham356 2 роки тому

      he will most likely lose money on hardware as the difficulty goes up and the chip can't keep up with new chips.

  • @kuljeetsingh3844
    @kuljeetsingh3844 2 роки тому

    Can it be used in India?

  • @bullet7826
    @bullet7826 2 роки тому

    i calculated my profit with these miners in germany: -$6.25 / month! XD

  • @solharvester2341
    @solharvester2341 Рік тому

    The other thing to consider is cost of equipment failure. The miners and misc hardware could be expected to fail about every 5 years. That could end up absorbing the rest of the profits.

  • @dinorossi6611
    @dinorossi6611 2 роки тому

    Can we solar power those nano rigs?

  • @WipeZZu
    @WipeZZu 2 роки тому

    This should use something like 25W power to be profitable :O

  • @ovniologo321
    @ovniologo321 Рік тому

    When solar man?

  • @superiorraingutters
    @superiorraingutters 2 роки тому +1

    Ur awsome

  • @cromy6
    @cromy6 2 роки тому +1

    How much power do these take up ? Thanks for the video Seb !

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому +2

      About 14W per stick including the fan

    • @cromy6
      @cromy6 2 роки тому

      @@SebsFinTechChannel Thank you 🙏

  • @gattos5468
    @gattos5468 2 роки тому

    Are you swedish

  • @bryanbigman6163
    @bryanbigman6163 2 роки тому +1

    My portfolio has grown tremendously with the help of my miner Billiard Eric, his strategies are awesome with low commissions all thanks to you sir...

  • @Riothebeast.
    @Riothebeast. 2 роки тому

    Hey seb, could you test a 3060 rev 1.0 (non lhr) card and see what sorts of hashrates you can achieve?

  • @allevlativ
    @allevlativ 2 роки тому +1

    Wow

  • @thisoldminer
    @thisoldminer 2 роки тому +1

    I would solo mine. :D

  • @jeff_costarica
    @jeff_costarica 2 роки тому

    Mining with this is like going to casino .. fun yes but dont put to much effort on it 😅

  • @hajhesam7128
    @hajhesam7128 2 роки тому +1

    😍

  • @FlerkTech-on-Telegraem
    @FlerkTech-on-Telegraem Рік тому

    ✌️✌️FOREVER GRATEFUL AND THANK YOU FOR GOING BEYOND TO HELP ME ACHIEVE MY DREAMS GOALS, I WOULDN'T HAVE MADE IT WITHOUT YOU'RE EXTRA HELP SIR
    💯

  • @Drenixx
    @Drenixx 2 роки тому +2

    Why would anyone buy these?

  • @deanswiny
    @deanswiny 2 роки тому +4

    Guys you will NEVER ROI on one of these.
    Waste of money

  • @ozarkstacker5415
    @ozarkstacker5415 2 роки тому

    Too bad these are sold out already!

  • @greatking241
    @greatking241 2 роки тому

    Not trying too expensive

  • @michaelmaier4455
    @michaelmaier4455 Рік тому

    Update pls

    • @SebsFinTechChannel
      @SebsFinTechChannel  Рік тому

      ua-cam.com/video/uebkXhN1a2I/v-deo.html and ua-cam.com/video/0uv86F048oI/v-deo.html :)

  • @maplecitydistributors5493
    @maplecitydistributors5493 2 роки тому +2

    Disappointed that you are shilling for these over priced scalpers. Their prices are outright ridiculous considering the current market prices for GPU's and equipment.

  • @billychen3349
    @billychen3349 2 роки тому

    While I'm glad you reviewed this, I dont' really think these will "last ten years."

    • @billychen3349
      @billychen3349 2 роки тому

      Also, if you're assuming BTC will rise up to 100k or 150k, then its best to just buy the btc now at this price and win for sure.

  • @parvati529
    @parvati529 2 роки тому

    Whenever I remember my old street lifestyle I give thanks to this amazing platform for been fortunate to deal with them its such an opportunity for everyone lucky one to invest safely and earn massive profit form their platform ..am glad am one of their testimonial investor and will continue investing safely with them.

  • @wesleyvansmitscoatings2781
    @wesleyvansmitscoatings2781 2 роки тому +1

    With these Miners, i think buying the actual asset for the same amount of money and 10+ years is more profitable. What do you guys think?

  • @fxstreamer238
    @fxstreamer238 2 роки тому

    or just spend that 1000$ for buying btc instead of this nonsense

  • @Filman66
    @Filman66 2 роки тому

    it's already sold out

    • @SebsFinTechChannel
      @SebsFinTechChannel  2 роки тому

      I don’t think they put them up yet, check again in a few minutes 👍

  • @yvonnadeau2331
    @yvonnadeau2331 2 роки тому +2

    WAAYYY to expensive !

  • @alvydasjokubauskas2587
    @alvydasjokubauskas2587 2 роки тому

    Am I the only one looking at the prices and slapping on the face...

  • @mattpeace
    @mattpeace 2 роки тому +1

    FIrst? Hi sebb