Awesome 👏 content, right to the point I like your style! Man so very true for years I never posted once about how to get ahead knowing if I do it will only end up affecting my profits lol now I am very comfortable where I am at truly happy you putting this out their! More please 👍
Thanks Brotha! Man post all you want, cause truth is most people wont listen. We could shout to the moon that NOW is the time to invest, yet the masses wont believe it, and once we're in a bull run again we could tell ppl not to fomo into the top, BUT they will 🤷🏻♂️ I still try though lol. My hope is.... at this moment, the people who are here now, are the ones that actually want to learn. Willing to put in the work now for a future win. If nothing else (ppl dont actually watch this video) maybe a sinister thumbnail will scare them away from you ASIC's game 😂
I respect the fact that you're honest about the sale. You were trying to get rid of them and you didn't want to talk yourself out of a sale but business is business...
Hey man, thanks for that comment. You're exactly right I didnt want to scare people away, but Its a very difficult situation to be sure im honest, because I feel for my fellow crypto miners. thx man 🤜🏽
I use solar and hydro-electric power to mine my Bitcoin completely off-grid. Soon, I will move into Bitcoin fracking and use off gas from my oil wells to power generators that will power my miners. I take older ASIC models and place them into immersion units powered by green energy and they pay for themselves. I have no electricity cost and the earnings from mining pays off the investment into green energy solutions in under two years. I won't ever pay for electricity again and will continue to expand my operation every year.
Thats SOOO Awesome man! Please make some videos on that it would be great to see! I have interest in solar but now is not a good time for me. So day for sure! Thx for comment! 🤜🏽
Great Video and I definitely agree with you ASICs are not bad but they are BIG risk because you never know what's coming after the top dog. I hate that all RUclipsrs are sponsored and get free ASICs and promote them to views not thinking or caring if someone buys one for 15k he could hold paper weight next month.
Thank you man I agree 100% Especially about Sponsor Videos. Thats actually THE reason why I started this channel. Its because even niw in this bear market after so many ppl got wrecked, i still see YT’ers making videos with half (or incomplete) truths. It pissed me off enough that i decided Inwas going to try to make a voice for myself on YT, so people could ACTUALLY have someone that has their back before anything else. Thats my vision with this channel. i hope that I will be able to make it a reality. Thank you so much for the comment & I hope you’ll follow along for the rebuild 🤜🏼
I thought you were going to talk about noise and heat. From my research power costs need to be around $.05kwh or lower to really be competitive in the ASIC game. Normally this is done with specialized PPA's where the miner and the electric companies work out a specific amount of load usage that needs to be maintained with the miner incurring fines if they don't meet the minimum and there are clauses that the miner will power down when the grid is above a certain load usage with some even being paid to shut down. As for hardware costs it seems like the key there is to acquire the most efficient reliable ASIC during the bear market (I would argue this cycle's bear market has already passed) such as the SJ19pros as the XP's seem to have a very high failure rate. Mine and hold the coin through the down cycle and sell the crypto and hardware (only keeping enough hardware needed to meet the minimum usage of the PPA) during the bull cycle and than wait to do the process over again. This cycle is important for a couple of reasons. The biggest reason the cycle is going to be important is going to be tax write-offs and capital gains tax. By holding the coins long-term and not selling them as they are mined the effective tax rate that is paid is significantly less. The second reason for the cycle is the way that the hardware costs can be depreciated over multiple years. This enables you to have large write-offs from the hardware spaced over a period of time so you are not forced to buy the replacement equipment in the same year as when the crypto is sold in order to get the deductions. Using debt financing to purchase equipment brings in another avenue for additional tax write-offs along with more flexibility on expansion without having to sell crypto in order to purchase more gear. From an cost/reward basis I would never recommend a residential miner buy ASICs but even if we take the monetary aspect out of the picture the noise and heat generated by ASICs in a whole other issue. Add in machine failure rate along with having to completely redo the electrical service (you are not going to get you money back when selling as the average home buyer has no use for this type of electrical service) I would be willing to be that 10 out of 10 times you would be better off just buying the coin instead of mining it. Add in the very real possibility that the pump happens before you are able to mine a large enough bag and the risk to reward ratio is just not there. It is very possible to pick the right machine, pick the right coin, and still lose money because the pump happened before you are able to accumulate enough of the coin to really reap the reward. I am not saying it is impossible to make money with ASIC mining but there are just so many ways to get wrecked and end up with nothing but headaches even if you get almost everything right. One scenario were I could see buying ASICs were costs and profitability does not factor into the decision is if you were able to be large enough to solo mine to your own node as it would enable you to get virgin coins but that is a whole other can of worms. In my opinion it is better to just buy the coins.
Damn brother you wrote a book! haha You make many valid points. With mining, investing, & whatever, So many variable are dependent on any one person’s situation. Thats why in my video i don’t get too specific, i more paint with a broad brush so that ppl can fill-in with their own personal details, whats right for them. you seem to have it down for your situation. More power to ya 💪🏼 i appreciate your comment & insight! 🤜🏼
Have 10 grand to invest ready to go. But i'm not sure if the ASIC wil ROI. because of the difficulty curve. I wish there was a calculator/simulator that could just simulate the future ROI
Haha Thx Man! It was just that ONE curse last time & I had to put it in for the exclamation of the situation lol I dont plan to have any more in my vids lol. Thx for watching & sharing! its much much appreciated!🙏🏼
i honestly haven’t experienced any challenges with my CPU miners. They’ve been the most steady & reliable miners. I would say the one draw back is they don’t produce a lot of income per day (i have 11 CPU miners total & ive received $5-$12 per day during this bear market). But the plus side is they are very energy efficient & they’re more profitable than most GPUs. Im not anti-ASIC. Im sure Ill have some again someday. I just think its good to be aware of all aspects of the game
@@_HashForce yes, CPU mining doesn't require too much maintenance. I've been CPU mining since day Monero forked to RandomX. Was GPU mining it before. Some of the original Ryzen miner here at home are still pushing hashes since November 2019.
Yeah I'd def say its more the PRO-Game when it comes to mining. Also if you dont have a proper place to put them, the Heat & Noise can become overwhelming after awhile. But if you were ever on the fence about it, the Bear market is your best time to buy. 2 Videos from now (Not this very next one, but the one after that) is going to be about Mining Profitability Calculations (Hardware & Coins). I've got some good strategy-concepts i'd like to share
@@_HashForce was looking for asics for tests because I found good used antminer s9 for example at 100 usd in my country to buy... thinking to mine underground sha256 coins to hold and wait.. POOR example? ASICS around 2000 USD If I invest 2000 usd in energy bill to mine underground sha256 coins with my 100 USD S9 and hold many many coins... IFFFF I got a PUMP I can sell then more than 5000 usd. Just poor example. to avoid GPU Investmenst of 2000~5000 usd rig to mine $15 per day.
ASIC game is tough. Stuck with only one coin to mine most of the time. I don't think its for the casual home miners. That's why I stick to gpus, Just throw em anywhere and switch between several coins to diversify your risk a bit.
Yeah ASIC is def the PRO-Game of mining for sure! A home miner can get excited about it enough that in the beginning they'll have it in there home. But eventually the noise and heat wears you out! lol. GPU's are so awesome. I love my CPU miners too! Im planning to make some content about my CPU miners, they're great. I appreciate you commenting & being a part of the channel. Thx man!! 🤜
Very nice. it depends on your living situation. what type of space you have available. if an apartment then more home-friendly miners like GPU & CPU miners might be a great option for you! ASIC would be too loud for an apartment, but maybe ok for a car garage if that is possible.
@@_HashForce I might make it work in the garage... especially as cold as winters are right below the Canadian border. No need for cooling systems at 30 below zero.
Hello, I'm reaching out to get some perspective on where and what I should start mining with coins. I had fiber optic piped into my home a couple years ago to mine with CPU but that was a joke. Like you said a couple cents a day or week wasn't working so I walked away from mining. Now I'm ready to start over again but not sure how to go about it. I would appreciate it if I can get some feedback on where to start, Thanks
I love my CPU Miners, but yes its very small profits right now. I'll all much more difficult at this time because of the world economy on shaky ground. What I suggest to all newcomers is that they do specific search on RUclips for anything you'd like to know or research. There is an amazing amount of help comment on RUclips (more than I can explain) and you can learn just about anything you need to know! Im also happy to help with specific questions, but RUclips video is you #1 source 👍🏼
mate i asked many other youtubers but no one answered this question...why no one shows which miners are solid for long run, and how often they have stopped working because of control board, hashboard etc... i saw a lot of them stopp working like in 6 months...
I think no body answer cause other factors are involved like miner environment. For BTC Whatsminer has proven most reliable (but slightly less efficient than Bitmain). I believe L7 is working good now (they had issues in the beginning but now worked out). Also I dont hear of problems with iPollo brand Miners. Also Jasminer seems good (these are mostly ETC miners). In the past Goldshell miner have been very good, but lately a few complaints. I personally would consider any of these miners to be reliable for myself, but its important to have good clean & cool environment for longest lifespan.
@@_HashForce ipollo i dont even know if someone bought it because from the start it was unprofitable, but the main issue i think it will be the dificulty to find spare parts of those miners
Thank you so much man! I appreciate it! I'll do my best to bring the goods! 💪 That would be amazing! If something like that happens I plan to give 51% back to my Subs, cause its community that makes a channel. Thanks so much for being a part of it! I really appreciate it! 🤜
Yeah thats about right! A couple years back I had a veteran miner tell me you need $.06-.07 electric rate to be competitive in ASIC mining. At the time I didnt really understand and thought he was over-stating the facts, but turns he was more correct than I ever.
I am new to mining crypto and want to buy one which one would you reamed for me it will be my first one want to make pass income for my family of four we are a one income family thank you very much bro
Hi, that depends on a few factors like you electric cost, the type of space you have available for the miner, the temperature of your space & if you want a quite miner, or loud is ok. Most people start with GPU miner, or mini (quite) ASIC miner.
![ARGENTINA vs. CHILE [3-0] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 7](http://i.ytimg.com/vi/De3AWmXzhuA/mqdefault.jpg)
Awesome 👏 content, right to the point I like your style! Man so very true for years I never posted once about how to get ahead knowing if I do it will only end up affecting my profits lol now I am very comfortable where I am at truly happy you putting this out their! More please 👍
Thanks Brotha! Man post all you want, cause truth is most people wont listen. We could shout to the moon that NOW is the time to invest, yet the masses wont believe it, and once we're in a bull run again we could tell ppl not to fomo into the top, BUT they will 🤷🏻♂️ I still try though lol. My hope is.... at this moment, the people who are here now, are the ones that actually want to learn. Willing to put in the work now for a future win.
If nothing else (ppl dont actually watch this video) maybe a sinister thumbnail will scare them away from you ASIC's game 😂
I respect the fact that you're honest about the sale. You were trying to get rid of them and you didn't want to talk yourself out of a sale but business is business...
Hey man, thanks for that comment. You're exactly right I didnt want to scare people away, but Its a very difficult situation to be sure im honest, because I feel for my fellow crypto miners. thx man 🤜🏽
I use solar and hydro-electric power to mine my Bitcoin completely off-grid. Soon, I will move into Bitcoin fracking and use off gas from my oil wells to power generators that will power my miners. I take older ASIC models and place them into immersion units powered by green energy and they pay for themselves. I have no electricity cost and the earnings from mining pays off the investment into green energy solutions in under two years. I won't ever pay for electricity again and will continue to expand my operation every year.
Thats SOOO Awesome man! Please make some videos on that it would be great to see! I have interest in solar but now is not a good time for me. So day for sure! Thx for comment! 🤜🏽
great job, you do a really good job articulating your thoughts and keeping it concise. look forward to future content :)
Thx! Much appreciated! I'll be sure to keep bringing it! 🤜🏽
🔥🔥🔥straight knowledge.....im taking notes ✍️✍️✍️ i got wrecked with my KD-lite
Thanks man much appreciation 🙏🏼 Damn I feel ya man. I'd say more than anything else in mining, I've been hit hardest by ASIC not working out for me
Great Video and I definitely agree with you ASICs are not bad but they are BIG risk because you never know what's coming after the top dog. I hate that all RUclipsrs are sponsored and get free ASICs and promote them to views not thinking or caring if someone buys one for 15k he could hold paper weight next month.
Thank you man I agree 100% Especially about Sponsor Videos. Thats actually THE reason why I started this channel. Its because even niw in this bear market after so many ppl got wrecked, i still see YT’ers making videos with half (or incomplete) truths. It pissed me off enough that i decided Inwas going to try to make a voice for myself on YT, so people could ACTUALLY have someone that has their back before anything else. Thats my vision with this channel. i hope that I will be able to make it a reality. Thank you so much for the comment & I hope you’ll follow along for the rebuild 🤜🏼
Looking forward to c your opinion about kaspa ks3 after 3 with block reward reduction and hashrate increase.
I thought you were going to talk about noise and heat. From my research power costs need to be around $.05kwh or lower to really be competitive in the ASIC game. Normally this is done with specialized PPA's where the miner and the electric companies work out a specific amount of load usage that needs to be maintained with the miner incurring fines if they don't meet the minimum and there are clauses that the miner will power down when the grid is above a certain load usage with some even being paid to shut down.
As for hardware costs it seems like the key there is to acquire the most efficient reliable ASIC during the bear market (I would argue this cycle's bear market has already passed) such as the SJ19pros as the XP's seem to have a very high failure rate. Mine and hold the coin through the down cycle and sell the crypto and hardware (only keeping enough hardware needed to meet the minimum usage of the PPA) during the bull cycle and than wait to do the process over again. This cycle is important for a couple of reasons. The biggest reason the cycle is going to be important is going to be tax write-offs and capital gains tax. By holding the coins long-term and not selling them as they are mined the effective tax rate that is paid is significantly less. The second reason for the cycle is the way that the hardware costs can be depreciated over multiple years. This enables you to have large write-offs from the hardware spaced over a period of time so you are not forced to buy the replacement equipment in the same year as when the crypto is sold in order to get the deductions. Using debt financing to purchase equipment brings in another avenue for additional tax write-offs along with more flexibility on expansion without having to sell crypto in order to purchase more gear.
From an cost/reward basis I would never recommend a residential miner buy ASICs but even if we take the monetary aspect out of the picture the noise and heat generated by ASICs in a whole other issue. Add in machine failure rate along with having to completely redo the electrical service (you are not going to get you money back when selling as the average home buyer has no use for this type of electrical service) I would be willing to be that 10 out of 10 times you would be better off just buying the coin instead of mining it. Add in the very real possibility that the pump happens before you are able to mine a large enough bag and the risk to reward ratio is just not there. It is very possible to pick the right machine, pick the right coin, and still lose money because the pump happened before you are able to accumulate enough of the coin to really reap the reward. I am not saying it is impossible to make money with ASIC mining but there are just so many ways to get wrecked and end up with nothing but headaches even if you get almost everything right. One scenario were I could see buying ASICs were costs and profitability does not factor into the decision is if you were able to be large enough to solo mine to your own node as it would enable you to get virgin coins but that is a whole other can of worms. In my opinion it is better to just buy the coins.
Well said 👏👏👏
Damn brother you wrote a book! haha You make many valid points. With mining, investing, & whatever, So many variable are dependent on any one person’s situation. Thats why in my video i don’t get too specific, i more paint with a broad brush so that ppl can fill-in with their own personal details, whats right for them. you seem to have it down for your situation. More power to ya 💪🏼 i appreciate your comment & insight! 🤜🏼
I'll never get the hang if this. Need simpler
Have 10 grand to invest ready to go. But i'm not sure if the ASIC wil ROI. because of the difficulty curve.
I wish there was a calculator/simulator that could just simulate the future ROI
awesome vid sir. hope red panda see it, plus no curse words this vid was so clean i can share on my FB!
Haha Thx Man! It was just that ONE curse last time & I had to put it in for the exclamation of the situation lol I dont plan to have any more in my vids lol. Thx for watching & sharing! its much much appreciated!🙏🏼
Hi!! Great videos, I'm in a Hash Force's marathon, thanks for sharing! Feedback: The intro sound volume is too high on headphones.
Thanks! And thanks for the feedback! Every new video i wonder about that lol. Thx for telling me! 🤜🏼
asic closed on our side and they wouldn't open, what can we do
This is why I can't bring myself to get into Asics, hoping the future of GPUs is brighter. Good video 👍
Thx man! It will be for sure! 🤜🏼
How does that competition from professional ASIC miners compare to competing with botnets doing CPU mining?
i honestly haven’t experienced any challenges with my CPU miners. They’ve been the most steady & reliable miners. I would say the one draw back is they don’t produce a lot of income per day (i have 11 CPU miners total & ive received $5-$12 per day during this bear market). But the plus side is they are very energy efficient & they’re more profitable than most GPUs. Im not anti-ASIC. Im sure Ill have some again someday. I just think its good to be aware of all aspects of the game
@@_HashForce yes, CPU mining doesn't require too much maintenance. I've been CPU mining since day Monero forked to RandomX. Was GPU mining it before. Some of the original Ryzen miner here at home are still pushing hashes since November 2019.
@@stockrt Nice man! thats awesome!
All the reasons given here are definitely why i am very on the fence when it comes to ASICs :)
Yeah I'd def say its more the PRO-Game when it comes to mining. Also if you dont have a proper place to put them, the Heat & Noise can become overwhelming after awhile. But if you were ever on the fence about it, the Bear market is your best time to buy. 2 Videos from now (Not this very next one, but the one after that) is going to be about Mining Profitability Calculations (Hardware & Coins). I've got some good strategy-concepts i'd like to share
@@_HashForce Looking forward to these videos my brother :)
Have a great weekend
Thanks for the Video. I just cancel my negotiation to buy used ASICS.
GPU & CPU mining has been excellent this year & they are way more versatile! The next bull cycle has only just begun!
@@_HashForce was looking for asics for tests because I found good used antminer s9 for example at 100 usd in my country to buy...
thinking to mine underground sha256 coins to hold and wait..
POOR example?
ASICS around 2000 USD
If I invest 2000 usd in energy bill to mine underground sha256 coins with my 100 USD S9 and hold many many coins... IFFFF I got a PUMP I can sell then more than 5000 usd.
Just poor example. to avoid GPU Investmenst of 2000~5000 usd rig to mine $15 per day.
Did I watch the sub count double in a week or am I dreaming? Keep it up, brother!
Yeah you’re dreaming, cause its only been 3 Days! 😄 lol & its thanks to ppl like you man! The support has been amazing! I appreciate it so much ♥️ 🤜🏼
Great info, great upload. Thanks for sharing. +1sub
ASIC game is tough. Stuck with only one coin to mine most of the time. I don't think its for the casual home miners. That's why I stick to gpus, Just throw em anywhere and switch between several coins to diversify your risk a bit.
Yeah ASIC is def the PRO-Game of mining for sure! A home miner can get excited about it enough that in the beginning they'll have it in there home. But eventually the noise and heat wears you out! lol. GPU's are so awesome. I love my CPU miners too! Im planning to make some content about my CPU miners, they're great. I appreciate you commenting & being a part of the channel. Thx man!! 🤜
Hey.... my electric rate is flat and included in my rent....
What should I do now?
Very nice. it depends on your living situation. what type of space you have available. if an apartment then more home-friendly miners like GPU & CPU miners might be a great option for you! ASIC would be too loud for an apartment, but maybe ok for a car garage if that is possible.
@@_HashForce I might make it work in the garage... especially as cold as winters are right below the Canadian border. No need for cooling systems at 30 below zero.
Hello, I'm reaching out to get some perspective on where and what I should start mining with coins. I had fiber optic piped into my home a couple years ago to mine with CPU but that was a joke. Like you said a couple cents a day or week wasn't working so I walked away from mining. Now I'm ready to start over again but not sure how to go about it. I would appreciate it if I can get some feedback on where to start, Thanks
I love my CPU Miners, but yes its very small profits right now. I'll all much more difficult at this time because of the world economy on shaky ground. What I suggest to all newcomers is that they do specific search on RUclips for anything you'd like to know or research. There is an amazing amount of help comment on RUclips (more than I can explain) and you can learn just about anything you need to know! Im also happy to help with specific questions, but RUclips video is you #1 source 👍🏼
Thanks man appreciate it!
Any time. Thank YOU!
mate i asked many other youtubers but no one answered this question...why no one shows which miners are solid for long run, and how often they have stopped working because of control board, hashboard etc... i saw a lot of them stopp working like in 6 months...
I think no body answer cause other factors are involved like miner environment. For BTC Whatsminer has proven most reliable (but slightly less efficient than Bitmain). I believe L7 is working good now (they had issues in the beginning but now worked out). Also I dont hear of problems with iPollo brand Miners. Also Jasminer seems good (these are mostly ETC miners). In the past Goldshell miner have been very good, but lately a few complaints. I personally would consider any of these miners to be reliable for myself, but its important to have good clean & cool environment for longest lifespan.
@@_HashForce ipollo i dont even know if someone bought it because from the start it was unprofitable, but the main issue i think it will be the dificulty to find spare parts of those miners
Good video thanks
Glad you enjoyed it! Thx for letting me know! I appreciate it! 🤜🏽
I like your content very much! Keep it up! After watching a video about your crypto journey I subscribed :)! Maybe RUclips will be your next big thing
Thank you so much man! I appreciate it! I'll do my best to bring the goods! 💪 That would be amazing! If something like that happens I plan to give 51% back to my Subs, cause its community that makes a channel. Thanks so much for being a part of it! I really appreciate it! 🤜
Good quality video again :)
Thx Brotha! Much Appreciation!
truth bombs dropped.💥
pretty much need free power, solar power , or some sort of mine at your job or at your industrial warehouse where you don't pay for power ...
Yeah thats about right! A couple years back I had a veteran miner tell me you need $.06-.07 electric rate to be competitive in ASIC mining. At the time I didnt really understand and thought he was over-stating the facts, but turns he was more correct than I ever.
I am new to mining crypto and want to buy one which one would you reamed for me it will be my first one want to make pass income for my family of four we are a one income family thank you very much bro
Hi, that depends on a few factors like you electric cost, the type of space you have available for the miner, the temperature of your space & if you want a quite miner, or loud is ok. Most people start with GPU miner, or mini (quite) ASIC miner.
Thanks very much bro I want a quite miner it will be in my house a asic or a gpu miner bro
Great Info love it, I keep seeing the $'s from asics but havent pulled the trigger, just sticking to the GPU game for now
So glad I could help. ASIC mining is heavy duty. GPU & CPU mining is MUCH more home friendly
i do have k7 i hope im in wining game
me too man 💪🏼
Got bunch of k7 in one of my farms never regret it 🫶
Ah very nice! With the right price & good electric rate, ASIC can be very profitable. Especially if you can get in at times like this Bear Market! 👍🏼