Before you Start Crypto Mining, Watch This!

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  • @TheHobbyistMiner
    @TheHobbyistMiner  6 місяців тому

    Part 2 - Crypto Miners, You Need to Know This! ➡ ua-cam.com/video/mua2QmNkChM/v-deo.html

  • @YourFriendAndy
    @YourFriendAndy 8 місяців тому +10

    Always fun to be on your channel THM! Your podcast episode will be out in a week or two. Stay tuned!

  • @TheHobbyistMiner
    @TheHobbyistMiner  8 місяців тому +11

    What are a Few Things you Wish you Knew Before Becoming a Crypto Miner?!

    • @intownsolarhomesteading476
      @intownsolarhomesteading476 8 місяців тому

      Wish i knew more about computers as i have gravitated to cpu mining for now. Learning everything from no historical experience.

    • @thelustymetapod
      @thelustymetapod 8 місяців тому

      That you'd let us fellow hobbyist miners down and lose all credibility and appeal by turning into a Voskcoin-level shill that would promote any crap you possibly can, as often as you can.

    • @EricSoulliage
      @EricSoulliage 7 місяців тому

      PoS API is not constant

    • @EricSoulliage
      @EricSoulliage 7 місяців тому +1

      @@thelustymetapod Lulz , let's say you where doing real good with crypto , would you feel the need to convince everyone else around ? Well nobody does give a shit once we're "there"

  • @CryptoMeme
    @CryptoMeme 8 місяців тому +3

    I’ve been in the game since 2016 and this will be helpful to new miners. And I also agree that small box miners carry a lot of value and allow someone to contribute to a network. Great job.

  • @MikeAgent47
    @MikeAgent47 8 місяців тому +3

    Despite the fact that i am in crypto for some years now, i have to say that, this is one of those amazing videos that needed to be done.
    Its public service righ here.
    Now we have the perfect video to that frined that asks: "how do i start with crypto? what should i do?"
    I'm loving the content diversification you are bringing to the channel.

  • @Perdont
    @Perdont 8 місяців тому +4

    I was the guy who started gpu mining with no knowledge of computer lol. But now I'm a force to be reckoned with

  • @josephrao3709
    @josephrao3709 8 місяців тому +8

    part 2,3,4,5,6 keep it going

  • @BorisXgen
    @BorisXgen 8 місяців тому

    Another great conversation. You just talked through my entry journey into mining. Started almost a year go with mini ASICS, added gpu's and DePin. Next is big boy asic hosting. Both of your channels really helped along the way and now.

  • @solharvester2341
    @solharvester2341 5 місяців тому

    Thank you.
    This was exactly what I needed to hear. You opened my eyes and now I see what I've been doing wrong and possible stopped me from continuing down a path that would only lead to disappointment.

  • @EricSoulliage
    @EricSoulliage 8 місяців тому +2

    my starting point was mining XMR with moneroocean on a $25 raspberry pi

  • @josephrichard1066
    @josephrichard1066 8 місяців тому +2

    Loved this video, I just started mining about 30 days ago. I'm up to 8 Ipollo G1 Mini Miners, mining solo and 1 Ipollo V1. I plan to grow that into 8.

  • @Wormmworks
    @Wormmworks 8 місяців тому

    Having just started this last 7 days gpu has definitely been my starting point. I appreciate this video a ton you guys are great thank you

  • @stevehowieson3804
    @stevehowieson3804 8 місяців тому +2

    Definitely a 2nd episode please 🙏

  • @fordybcoin
    @fordybcoin 7 місяців тому

    Great content Andy & Hobbyist i must say .this tho the crpto mining community is best .for helping people out .thanks guys .most definitely we want to see more !! Have a great day .

  • @landoghini7149
    @landoghini7149 8 місяців тому +1

    If I were wanting to jump in today i would
    1) build a gpu rig with some 4070 with a good cpu such as amd 3950 to also cpu mine
    2) start a node
    3) get a hivemapper for the car
    4) Try a box miner like ks0

    • @kevinmiller4590
      @kevinmiller4590 8 місяців тому

      My first cpu build is going to be 3950. Seems most energy efficient, hope I can build one soon 😊

    • @jarik81
      @jarik81 7 місяців тому

      Get a gpu

    • @lightbowden
      @lightbowden 5 місяців тому

      Can I pay you to help me start? I have no clue where to begin

  • @SpaceCredits
    @SpaceCredits 8 місяців тому +4

    You guys need a 2024 mining intro beginners from profitabliilty planning to token types to gpu options to forecasting

  • @gustafbalstrom1622
    @gustafbalstrom1622 7 місяців тому

    You can preorder now for 2500. Intresting video and your views on the future earnings.

  • @markregione4686
    @markregione4686 8 місяців тому

    Which hardware are compatible with each other when it comes to building a gpu crypto mining rig? I'm thinking of hardware compatibility.

  • @livingbehind661
    @livingbehind661 6 місяців тому

    mining something already out is very tricky biz which will follows more than one market/country, is a ton better to research and mine something not already priced....

  • @JoseFVelez-yu7fs
    @JoseFVelez-yu7fs 5 місяців тому

    Can you suggest a configuration for a GPU rig - good parts and pieces?

  • @BlueAntec
    @BlueAntec 7 місяців тому

    Been wanting to get into mining since Bitcoin first came out but was never able to invest in the equipment. Though probably too late, I'm just now getting into gpu mining.

    • @ericzhou-k6l
      @ericzhou-k6l 5 місяців тому

      If you need to buy mining machines, you can contact me, I have a large number of mining machines.

  • @damian3182
    @damian3182 7 місяців тому +1

    Could use a video on how to "do the research". 🙏

  • @automattikbeats
    @automattikbeats 8 місяців тому +1

    Awesome content as always!!

  • @DjMines
    @DjMines 8 місяців тому +2

    Great collab🎉

  • @YouTooProduction
    @YouTooProduction 2 місяці тому

    To START MINING you should FIRST make sure you have your major income source to provide for your daily needs while mining and waiting for the bull market.

  • @intownsolarhomesteading476
    @intownsolarhomesteading476 8 місяців тому

    Fantastic educational video, can just hear experience and knowledge as you two complimented each others knowledge..look forward to the next👍

  • @Nathan-u3x5t
    @Nathan-u3x5t 5 місяців тому

    Love you guys... yall got a new follower!

  • @Astas30
    @Astas30 8 місяців тому

    Thank you for this video awesome content as always! Good lessons for heading into my first Bullrun.

  • @sdy30
    @sdy30 8 місяців тому

    I’m just getting into crypto mining. Really enjoying it! Successfully got going with an ICERIVER KS0 for Kaspa. What do you think of mining Kadena with a Goldshell KD box II?

  • @roguegentleman4696
    @roguegentleman4696 29 днів тому

    If u get a gpu is that only to mine eth or btc? Or you can mine any coin ur interested in?

    • @jayperez3431
      @jayperez3431 26 днів тому

      You can mine any coins but it depends what software you are using to mine them.

  • @shariorr8558
    @shariorr8558 8 місяців тому

    Curious is PRE node a worthy investment?

  • @GoFast4Me
    @GoFast4Me 8 місяців тому

    I’ve got 4 x 8GB 580’s that used to mine Eth. Since that stopped I disassembled. What should I start mining again??

  • @donavankelso1574
    @donavankelso1574 4 місяці тому

    Start with gpu an then move to Asia mining

  • @TripletX
    @TripletX 6 місяців тому

    Great video y’all!

  • @bobbyjohnable
    @bobbyjohnable 8 місяців тому

    Really really useful . Am watching this video in state of confusion... This video answered lot of confusion . Thank you.. do more do more do more. Dont stop

  • @toddthiebaut
    @toddthiebaut 8 місяців тому

    Good video. Thanks Guys!

  • @eugeneapache5102
    @eugeneapache5102 8 місяців тому

    Good afternoon y’all I am trying to get my first mining farm... I have experience mining there problem done have enough money to start o Bitcoin 😮

  • @MedeirosCash
    @MedeirosCash 8 місяців тому

    Awesome can’t wait !

  • @francoisdutoit3845
    @francoisdutoit3845 8 місяців тому

    thanks guys...great content

  • @justinbottomley365
    @justinbottomley365 7 місяців тому

    Love your stuff my dudes! I have access to get S9 bitmain’s with power supply for 50$ and 100$. I know this is speculative. It if Bitcoin does hit a bull run. Is that a potential worthy investment? Or am I better off buying another gpu and focusing on that. Would love your thoughts!

  • @JasonSpencerauthor
    @JasonSpencerauthor 5 місяців тому

    Great vid :. Invaluable.

  • @jodybruce5097
    @jodybruce5097 7 місяців тому

    great video! are there any websites or blogs to read to get more info on the crypto mining space?

  • @mike_t_007
    @mike_t_007 8 місяців тому

    Part 2 part 2 part 2!!!!😎

  • @nor44lab
    @nor44lab 8 місяців тому

    Been looking into mining recently so interested to watch this. I don't think it's quite as lucrative in the UK as our energy prices are a lot higher. I used some of the earnings estimators for rigs on sites and for some the electricity was 100% and profit 0%

    • @TheHobbyistMiner
      @TheHobbyistMiner  8 місяців тому

      Yeah sadly Electric Cost are a huge driving factor that cut into your profit margins and operating cost. What is your Electric Rate?

    • @mike_t_007
      @mike_t_007 8 місяців тому

      Can people contract mining go other people in lower energy cost areas?

  • @BjrnIngeJohansen
    @BjrnIngeJohansen 3 місяці тому

    where is the best place to mine

  • @IzuchukwuMiracle-x4d
    @IzuchukwuMiracle-x4d 8 місяців тому

    Love from this side 😊! Because i really want to be a crypto miner! But i don't have enough capital, please where and how will i start 😢

    • @kevinmiller4590
      @kevinmiller4590 8 місяців тому

      I’ve started with phone mining, low cost hardware, low wattage, profitable, It’s pennies but profitable…. To get a feel, also Nice hash and unMineable was mentioned, if you have a good gaming computer, you can download the apps and see what you can make …

  • @ardalanaudine1199
    @ardalanaudine1199 7 місяців тому

    If I'm using an older ASIC like an antminer L3+ mining bitcoin, can I always get paid in BTC instead of a conversion? Thanks

    • @jarik81
      @jarik81 7 місяців тому

      Yes you can.

  • @jamesross3219
    @jamesross3219 4 місяці тому

    Thanks for a great video. I started mining 2 months ago and it's going great. Hearing you guys confirm everything I've learned is appreciated

  • @PunsRDum
    @PunsRDum 8 місяців тому

    i don't like keeping track of multiple wallets. Is there anything that i can do to organize them in one program or is that unsafe? Also, the taxes on profits is probably pretty complicated. Any resources you can recommend for learning more about how to file taxes on crypto?

    • @kingjester2382
      @kingjester2382 8 місяців тому

      There are some wallets that can hold plenty of different coins. Zelcore has a lot of the big mineable coins on it. The tangem wallet is pretty popular if you want to use a hardware wallet. Koinly is one of the more popular tax filing sites. You can track everything there and then pay for them to do the report

  • @kevinduke1055
    @kevinduke1055 8 місяців тому

    you really didnt go over anything, whats the best platform to house your bags?

  • @csul8087
    @csul8087 7 місяців тому

    I have enjoyed your video as I am looking to start mining.
    Have you a video on a plug and play system that you can set up quite easily please.

    • @TheHobbyistMiner
      @TheHobbyistMiner  7 місяців тому

      Yes I have. Most Box Miners are very much that.

    • @TheHobbyistMiner
      @TheHobbyistMiner  7 місяців тому +1

      Stop in the Discord, great place to have more of a conversation. Link in Video Description.

  • @Shmedsp
    @Shmedsp 8 місяців тому

    Well said thank you

  • @carterbuck9041
    @carterbuck9041 8 місяців тому

    In your shed, what did you insulate the walls with to keep it cool during summer?

    • @TheHobbyistMiner
      @TheHobbyistMiner  8 місяців тому

      You dont. You just want air in and out of the shed as fast as possible. On the inside walls in a hear barrier, silver in color that I asked to be added when they built the shed

    • @carterbuck9041
      @carterbuck9041 8 місяців тому

      @@TheHobbyistMiner thank you so much

  • @lestatdogc5723
    @lestatdogc5723 8 місяців тому

    Great video

  • @EricSoulliage
    @EricSoulliage 8 місяців тому +3

    if you're not a tech savvy cryptominning is not your thing , dude is not a miner he's a user , ASIC are to crypto mining what a cab ride is to formula 1 , i.e driving miss daisy

    • @Millennial_Stacker
      @Millennial_Stacker 3 місяці тому +1

      Are you the one in the corner by yourself at partys?

  • @EricSoulliage
    @EricSoulliage 8 місяців тому +2

    crap it shows neither of you need to worry about your bottom line , 1500$ for your first rig ? mine was 25$ , 1500$ for me is 2 mortgage payment as a single parent

    • @rickka3689
      @rickka3689 7 місяців тому +1

      I want to get into it but don't have alot of money what should I do

    • @EricSoulliage
      @EricSoulliage 7 місяців тому

      @@rickka3689 instarted with a $45 raspberry Pi then 2 then 4 , then 1 computer , 1 GPU., I'm now at 5 host and 48 GPU , if you don't have money what you need is patience

  • @Kermo_17
    @Kermo_17 6 місяців тому

    What do you think abaut mining on it phone whit app . And if u have one do you have any advoce

    • @livingbehind661
      @livingbehind661 6 місяців тому

      pi coin !!!!!!! super interesting project that asks only a bit of your time.

  • @undead567
    @undead567 8 місяців тому

    part 2 please!

  • @Mo.94.a
    @Mo.94.a 8 місяців тому

    Great 👍

  • @Kermo_17
    @Kermo_17 6 місяців тому

    Weather ?

  • @chriscasseday7707
    @chriscasseday7707 3 місяці тому +10

    Well this was a complete waste of time.

  • @henrycruz8864
    @henrycruz8864 8 місяців тому

    Stick to Jpros people.. XPs break.. whatsminers are good but the Power supply doesnt last. Stick to Jpros 104T. You’re welcome.

    • @CryptoMeme
      @CryptoMeme 8 місяців тому +1

      S19k’s are more efficient and jpro have hash board issues.

  • @RaceTrakk
    @RaceTrakk 8 місяців тому +1

    What’s a decent setup I can put together for roughly $1000-$2500?

  • @LJAYTHATRUTH
    @LJAYTHATRUTH 7 місяців тому

    Pt 2

  • @1hotrod
    @1hotrod 8 місяців тому

    part 2 please

  • @Rxmahin-w6y
    @Rxmahin-w6y 5 місяців тому

    Hello hamster bro

  • @Marcallyn393
    @Marcallyn393 8 місяців тому +1

    *So you want to be a cryto miner* transform into an actual miner💀

  • @DerGeldmentor
    @DerGeldmentor 8 місяців тому

  • @wolverine1981pl
    @wolverine1981pl 8 місяців тому

    10:00 like what?

  • @areutryingitout5678
    @areutryingitout5678 8 місяців тому

    1st

  • @revelationspy1
    @revelationspy1 27 днів тому

    Its not peak

  • @Steamy_Dumpling
    @Steamy_Dumpling 8 місяців тому

    Your code don’t work

    • @TheHobbyistMiner
      @TheHobbyistMiner  8 місяців тому

      Which code? Where?

    • @TheHobbyistMiner
      @TheHobbyistMiner  8 місяців тому +1

      Found the issue with Altair Tech. All Fixed! Thank you for the heads up!

  • @NizmoMiner
    @NizmoMiner 8 місяців тому

    Omg I thought this guy in gold shill discord was some rando!!

  • @janyivanov
    @janyivanov 8 місяців тому

    ua-cam.com/video/vVl1lRgR7TQ/v-deo.html - February 2024 WTF you are talking about it's 15/03?!?!

  • @marinakudryashova97
    @marinakudryashova97 2 місяці тому

    😂

  • @paulmitchell2857
    @paulmitchell2857 7 місяців тому +1

    Are you serious??? Bitcoin just went from $16k to $73k and posted 7 flipping Green monthly candles in a frickin row, and you say you don't know if we are in a bull or bear market. Excuse me. This is why crypto is so great and so crazy. It's the only investment in the world where someone who doesn't know if 7 Green months in a row is possibly the most Bullish market we will ever see and even rare for BTC. Yet they can still make a lot of money from nerding out on computers

  • @KevinR30
    @KevinR30 8 місяців тому +2

    I wonder how many subscribers all are subbed to the same channels. Awesome mashup guys. Let's not flood the pool though.. Happy Mining. Don't stop even after the drop. 🛕

  • @fernandotavarezfondeur3724
    @fernandotavarezfondeur3724 5 місяців тому

    Love what you do @TheHobbyistMiner. Have being trying to schedule a time with you, but I am getting an error in the page, could you help?