Bitcoin mining in 2024 - here's what you need to know!

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  • Опубликовано: 26 июн 2024
  • In this video I go through the current state of Bitcoin mining for 2024, covering everything you need to know about mining Bitcoin and buying Bitcoin miners. I talk in depth about the Bitcoin halving coming up in 2024, network hashrate growth, Bitcoin mining profitability and what the best ASIC miner for Bitcoin is.
    Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. Using these links helps support the channel, thank you!
    𝗖𝗢𝗜𝗡𝗟𝗘𝗗𝗚𝗘𝗥 𝗠𝗔𝗞𝗘𝗦 𝗖𝗥𝗬𝗣𝗧𝗢 𝗧𝗔𝗫 𝗦𝗨𝗣𝗘𝗥 𝗘𝗔𝗦𝗬
    📝 ➞ bit.ly/seb-CoinLedger
    Use above link & code: SEB for 10% discount!
    𝗖𝗛𝗘𝗖𝗞 𝗢𝗨𝗧 𝗖𝗢𝗜𝗡 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗘𝗡𝗧𝗥𝗔𝗟 𝗙𝗢𝗥 𝗔𝗦𝗜𝗖 𝗠𝗜𝗡𝗘𝗥𝗦!
    🌟 ➞ bit.ly/seb-CoinMiningCentral
    𝗠𝗜𝗡𝗘𝗥𝗦 𝗠𝗘𝗡𝗧𝗜𝗢𝗡𝗘𝗗 𝗜𝗡 𝗧𝗛𝗜𝗦 𝗩𝗜𝗗𝗘𝗢
    🤖 ➞ S21: bit.ly/seb-S21-200THs
    🤖 ➞ M60: bit.ly/seb-M60-156THs
    🤖 ➞ S19 XP: bit.ly/seb-S19XP-141THs
    🤖 ➞ S19K Pro: bit.ly/seb-S19Kpro-120THs
    🤖 ➞ A1346: bit.ly/seb-A1346-110THs
    🤖 ➞ M30: bit.ly/seb-M30s-100THs
    🤖 ➞ S19: bit.ly/seb-S19-90THs
    🤖 ➞ M31: bit.ly/seb-m31s-80THs
    Use above link & code: SEB for a $120 discount!
    𝗠𝗘𝗡𝗧𝗜𝗢𝗡𝗘𝗗 𝗩𝗜𝗗𝗘𝗢𝗦/𝗟𝗜𝗡𝗞𝗦
    How to run ASIC miners at home:
    • Anyone can run ASIC mi...
    Spreadsheet:
    docs.google.com/spreadsheets/...
    BTC price cycle graph:
    charts.bitbo.io/cycle-low-mul...
    BTC miner price graph:
    data.hashrateindex.com/chart/...
    ------
    𝗠𝗬 𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗠𝗘𝗥𝗖𝗛 (𝗧-𝗦𝗛𝗜𝗥𝗧𝗦, 𝗦𝗧𝗜𝗖𝗞𝗘𝗥𝗦 𝗘𝗧𝗖)
    👕 ➞ www.gpuheadz.com
    Get something AWESOME & support the channel 😊
    ------
    𝗠𝗬 𝗥𝗘𝗖𝗢𝗠𝗠𝗘𝗡𝗗𝗘𝗗 𝗦𝗧𝗢𝗥𝗘 𝗧𝗢 𝗚𝗘𝗧 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗔𝗡𝗬 𝗖𝗢𝗜𝗡
    🌟 ➞ bit.ly/seb-CoinMiningCentral
    Use above link & code: SEB for a $120 discount!
    𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗘𝗥𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
    🤖 ➞ Great miner if you have expensive power: bit.ly/seb-Jasminer
    🤖 ➞ Sweet-spot BITCOIN miner: bit.ly/seb-S19Kpro
    🤖 ➞ Best DOGECOIN+LITECOIN miner: bit.ly/seb-L7
    🤖 ➞ Small, silent & cheap KASPA miner: bit.ly/seb-KS0-Pro
    🤖 ➞ Great miner most people don't know about: bit.ly/seb-Z15-Pro
    Use above links & code: SEB for a $120 discount!
    𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗜𝗡𝗚 𝗚𝗣𝗨𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
    ✨ ➞ Good at everything: amzn.to/3FIzpSO
    ✨ ➞ Incredible at some coins: amzn.to/3yXr3mn
    ✨ ➞ If you want a beast: amzn.to/3FJTpEv
    ✨ ➞ Cheap & power efficient: amzn.to/3FIXngL
    ✨ ➞ For very low power rigs: amzn.to/3FEHp79
    As an Amazon Associate I earn from qualifying purchases
    𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗨𝗦𝗕 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗦𝗢𝗟𝗢 𝗠𝗜𝗡𝗜𝗡𝗚
    🚀 ➞ bit.ly/seb-BTC-lander
    Use above link & code: SebsFinTech to get a 4% discount!
    𝗔𝗜𝗥𝗙𝗟𝗢𝗪 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦 (𝗚𝗥𝗢𝗪 𝗧𝗘𝗡𝗧𝗦, 𝗘𝗫𝗛𝗔𝗨𝗦𝗧 𝗙𝗔𝗡𝗦 𝗘𝗧𝗖)
    💨 ➞ bit.ly/seb-AC-Infinity
    Use above link & code: SEB for 10% discount!
    𝗧𝗥𝗬 𝗛𝗶𝘃𝗲𝗢𝗦, 𝗠𝗬 𝗙𝗔𝗩𝗢𝗨𝗥𝗜𝗧𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗢𝗦, 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘
    🖥️ ➞ bit.ly/seb-HiveOS
    Use above link & code: SEBSFINTECH for a free $10 bonus!
    ------
    📦 𝗚𝗘𝗡𝗘𝗥𝗔𝗟 𝗔𝗠𝗔𝗭𝗢𝗡 𝗟𝗜𝗡𝗞𝗦
    Mining rig tools: amzn.to/3qhqVLc
    Store your crypto securely: amzn.to/3qiUoEi
    Clean your mining rigs: amzn.to/40nEiZk
    📦 𝗚𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
    GPUs & risers: see above
    Motherboard: amzn.to/3lxONKS
    CPU: amzn.to/40lck0A
    RAM: amzn.to/3gxxHGF
    Power supply: amzn.to/3ZbPibj
    Use 2 PSUs in 1 rig: amzn.to/3TCWvQn
    Plug 4 risers into one PCIe slot: amzn.to/3gfrEqZ
    Mini touchscreen: amzn.to/3pMGRmI
    📦 𝗖𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
    CPU: amzn.to/3NafFd7
    Fast RAM: amzn.to/3SDS2uE
    Normal RAM: amzn.to/3gKsBdz
    Motherboard: amzn.to/3syqU5W
    SSD: amzn.to/3FjCutg
    Power supply: amzn.to/3gHdNfV
    24-pin splitter: amzn.to/3fegxAZ
    As an Amazon Associate I earn from qualifying purchases
    ------
    𝗝𝗢𝗜𝗡 𝗧𝗛𝗘 𝗖𝗛𝗔𝗡𝗡𝗘𝗟 𝗙𝗢𝗥 𝗕𝗢𝗡𝗨𝗦 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
    ⭐ ➞ youtube.com/@SebsFinTechChann...
    𝗟𝗜𝗦𝗧𝗘𝗡 𝗧𝗢 𝗠𝗬 𝗠𝗨𝗦𝗜𝗖 𝗢𝗡 𝗦𝗣𝗢𝗧𝗜𝗙𝗬
    🎧 ➞ spoti.fi/3TA4n5g
    𝗘𝗠𝗔𝗜𝗟 𝗙𝗢𝗥 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗘𝗡𝗤𝗨𝗜𝗥𝗜𝗘𝗦
    ✉️ ➞ sebsfintech@gmail.com
    ------
    None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research.
    ------
    📼 𝗩𝗜𝗗𝗘𝗢 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
    00:00 The current state of Bitcoin mining 2024 - Introduction
    00:41 CoinLedger ad
    01:32 What are Bitcoin miners?
    02:55 Were to buy Bitcoin miners
    03:15 Best Bitcoin miners for 2024
    06:19 Is buying a Bitcoin miner worth it in 2024?
    06:48 Bitcoin ASIC miner prices explained
    10:19 Bitcoin halving explained & aftermath
    12:32 How reliable is Bitcoin mining?
    14:23 Bitcoin network hashrate & mining profitability
    17:46 New Bitcoin miner generation
    18:52 Bitcoin mining competition
    19:59 How Bitcoin network size affects miners
    21:06 Summary
    23:04 Coin Mining Central ad
    24:37 My personal thoughts on Bitcoin miners
    #cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate #coinminingcentral
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Комментарии • 42

  • @coldflu
    @coldflu 5 месяцев назад +4

    The best time to mine is now. There will never be a better time each passing day.

  • @falllen05
    @falllen05 6 месяцев назад +5

    This video was perfectly timed for me…sitting over here debating purchasing a BTC miner

  • @jediknight2350
    @jediknight2350 6 месяцев назад +2

    you only need to hold 1% of bitcoin right now hold it love it keep it safe your be very rich when the time comes.

  • @chadchaddchaddd
    @chadchaddchaddd 6 месяцев назад +2

    SEBBBBBBB!!!! We love the mining channel!!! We rock your gpu headzzz hoodies in the gym!

  • @MrBillybathgate5
    @MrBillybathgate5 6 месяцев назад +1

    Thanks mate!

  • @Ni-qc6yq
    @Ni-qc6yq 6 месяцев назад +3

    Very nice.

  • @HardFork_Crypto
    @HardFork_Crypto 6 месяцев назад +2

    Love me some spreadsheets man, may I request a video on how you go about making them always find your work amazing thank you !

  • @user-hu9ns2nc6w
    @user-hu9ns2nc6w 5 месяцев назад +1

    Good timber does not grow with ease; the stronger the wind, the stronger the trees.

  • @paulcollins1433
    @paulcollins1433 3 месяца назад

    See now the halving it’s 25 days, love vid seb

  • @donovanjordan2613
    @donovanjordan2613 6 месяцев назад +4

    I struggled with this exact decision a few months back but ultimately came to the same conclusions you did. I run an aftermarket control board in it as well so I have the option to increase efficiency or overclocking it to increase profits, so yet another Pro! 😀

    • @SebsFinTechChannel
      @SebsFinTechChannel  6 месяцев назад +1

      Oh yeah the control boards!! I didn’t think of that, nice 👍

  • @HawkMiningCo
    @HawkMiningCo 5 месяцев назад +3

    Love the video Seb!

    • @DecayedPage
      @DecayedPage 5 месяцев назад +1

      Hi Hawk. Would Buying a few used 3080's make sense right now? I'm trying to get into mining

    • @HawkMiningCo
      @HawkMiningCo 5 месяцев назад

      @@DecayedPage in my opinion, 3080s/3090s are great cards if you can get them for good prices. I’m going for density this bull run so I have a bunch of 3090s and 3080s my self.

  • @all4uminers587
    @all4uminers587 6 месяцев назад +2

    Good show

  • @Fifanutter
    @Fifanutter 6 месяцев назад

    can u mine with a superfast rdp and 32gig ram?

  • @neredyfre2392
    @neredyfre2392 6 месяцев назад +1

    Your strategy makes a lot of sense. But i wonder if it's not better to buy a mining hardware after the halving. All the parameters should be at their worst and the price too. Just wondering 🤔

    • @SebsFinTechChannel
      @SebsFinTechChannel  6 месяцев назад

      It's a balance, because you're right that ASIC miner prices might drop lower just after the halving (although that's of course not guaranteed), but then the downside is that you miss out on around 120 days of mining on your ASIC making double the BTC before the halving. If only we could tell the future hehe!

  • @DjMines
    @DjMines 6 месяцев назад +2

    Nice thumbnail!

  • @01s0l
    @01s0l 6 месяцев назад +1

  • @Kushier
    @Kushier 6 месяцев назад

    I am wondering about the miners that become obsolete after the halving. Will they be available for pennies after the halving? If power cost wasn't an issue, it would make sense to buy those, right?

    • @Powerslide15
      @Powerslide15 6 месяцев назад

      As long as you have a miner that will outpace your electric bill, you should be fine.

    • @981porsche3
      @981porsche3 6 месяцев назад

      If power cost isn’t an issue, yes. It always makes sense to mine bitcoin if you have free power.

  • @yvonnadeau2331
    @yvonnadeau2331 5 месяцев назад

    ya, a price increase is what we need for sure after the halving.

  • @benblankenbiller525
    @benblankenbiller525 5 месяцев назад

    lets goooooooooooooo seb

  • @ronwatkins5775
    @ronwatkins5775 6 месяцев назад +2

    I would buy a D9 and payout in BTC...

    • @SebsFinTechChannel
      @SebsFinTechChannel  6 месяцев назад

      Could be a good plan 👍

    • @gregoryerickson8233
      @gregoryerickson8233 6 месяцев назад

      I've done exactly this. I bought a D9 two months ago and had it hosted at 8 cents per kWh and put it on Nicehash. I average $22 in BTC per day so far.

  • @Steamy_Dumpling
    @Steamy_Dumpling 6 месяцев назад

    Question once the halving happens then what happens?

    • @SebsFinTechChannel
      @SebsFinTechChannel  6 месяцев назад +1

      I cover that in depth in this video 👍

    • @Steamy_Dumpling
      @Steamy_Dumpling 5 месяцев назад

      @@SebsFinTechChannelyou right lmao was too antsy to complete the video. Always respecting your videos for being very informative

  • @garykostelec1327
    @garykostelec1327 6 месяцев назад +3

    In the 1849 gold rush. The merchants are the ones that got rich. Asics are way overpriced. Low power mining is the way to go or just buy the coins.

  • @makke_macro
    @makke_macro 6 месяцев назад

    i predict ath 420k

  • @fdgdfgdfgdfg3811
    @fdgdfgdfgdfg3811 6 месяцев назад

    i buy gpu from aliexpress to re sell them, so putting them mining until buyer come, i also get some refund from aliexpress for some faulty gpu and later fix it myself, so the profit is around 50 to 70% of all hardware i have each month ,i find it difficult to sell +50 gpu per month and its growing fast ,so i guess i cant keep that percentage forever.i dont pay taxes of selling and mining. making money fast is only possible if there is an exploit available .

  • @fuzzyharold
    @fuzzyharold 6 месяцев назад +1

    ASICS become door stops before they ROI.

    • @SebsFinTechChannel
      @SebsFinTechChannel  6 месяцев назад +1

      Sometimes yes, a lot of the time no. That's why we need to educate ourselves and make calculated decisions.

  • @annaparker8234
    @annaparker8234 5 месяцев назад

    Sponsored by ASICS, but he tells us its a good time to buy asics 😂
    Bro…