Is Crypto Mining Still Worth It In 2022?
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- Опубликовано: 25 июл 2024
- Should you mine cryptocurrency in 2022 or is GPU mining dead? In this video, I will show you my real-world mining profits from mining crypto in 2021. I'll also discuss whether mining cryptocurrency is still worth it in 2022.
People often ask me how much money does crypto mining make? This all depends on how powerful your mining rig is, what coin you mine and how much your electricity costs. My mining rig averages a hashrate of 192 MH/s and uses around 480 watts in power, this allows me to earn around £10 per day at an electricity cost of £2 per day.
I have been mining Ethereuem using Nicehash as I found it very easy to use and they offer free withdrawals to Coinbase. I tried mining Ethereum directly, however, the rig generated a lot more heat as but I couldn't manually optimise the GPUs as well as Nicehash. Also, mining directly requires gas fees to transfer the Eth, whereas with Nicehash the transfer to Coinbase is free.
Is GPU mining still profitable for you and will you be mining in 2022? Let us know in the comments!
• Follow me on Twitter: twitter.com/DarrenTheDegen
• How to Build a Mining Rig (Step by Step): ruclips.net/video/wsIWEa6-Kxs/видео.html
So your making about 2k per 5months so 4k per year so for the rig im building it'll take 7 years to pay itself off... thats only if it increases in price...
what's with all the bot comments to?
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Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $500 to invest and end up not even refunding your capital but she's a woman of integrity, with $500 he will tell you she can only make profit within the range of $4000 to $8,900 and she actually delivers.... she's great
THE REASON I DON’T PANIC IN DIRE SITUATIONS IS BECAUSE OF YOU. YOU ARE ALWAYS THERE FOR ME.
Thank You For Not Leaving Me Out In The Cold When I Needed Your Help. I Didn’t Deserve It But You Did whatever It Took To Make Sure I Smiled. I Am ETERNALLY GRATEFUL......
It was so heartwarming to have received the mining help I asked of you. Thank you very much. I don’t think I can ever pay you back.
THANK YOU FOR BEING THERE FOR ME WHEN IT WAS HARD. ALL I NEEDED AT THE TIME WAS AN EXCELLENT EXPERT CRYPTO MINER, AND YOU CAME ALONG AND SHOWED ME THAT SOMEONE CAN STILL MAKE MORE THAN EXPECTED ☺️.
YOU ARE AWESOME IN THIS MINING FIELD.
THANK YOU FOR BEING THERE FOR ME WHEN IT WAS HARD. ALL I NEEDED AT THE TIME WAS A CRYPTO, AND YOU CAME ALONG AND SHOWED ME THAT SOMEONE CAN STILL MAKE MORE THAN EXPECTED ☺️.
HOW DID YOU COME BY SUCH A GOLDEN HEART? THANK YOU FOR THE EXTRAORDINARY HELP YOU GAVE ME. IT BROUGHT SO MUCH RELIEF.
I discovered the platform a week ago and I have to say you are using the best service out there keep up the great work
THANK YOU FOR YOUR HELP. THESE DAYS IT IS DIFFICULT TO COME BY PEOPLE WHO ARE WILLING TO OFFER HELP. I WANT YOU TO KNOW THAT MY HEART WILL NEVER EVER STOP APPRECIATING YOUR GENEROSITY.
They have done massively well for me. Now my sorry is changed from grass to grace. All gratitude to almighty all for sending me the right place to mine my coin and not to make loss but always profit
THANKS A MILLION TIMES. WHAT A PRIVILEGE AND BLESSING IT IS TO HAVE YOU IN MY LIFE. I AM FOREVER GRATEFUL.
Dearest, I have lost count of how many times you’ve sacrificed your comfort and time just to help me ensure I get good profit for my debt settlement. Even if I had all the money in the world, I could never repay you but give gratitude. May the work of your hands be blessed. Thank you very much.
👆👆
You're always the best to carding.i really appreciate your help and honor your professional experience
TO BE HONEST, WHEN WE STARTED THE PROJECT I WASN’T SURE WE COULD PULL THIS OFF BUT YOU CERTAINLY DID IT AND DID IT WELL
Nice update,thanks!
BLESS YOUR GENEROSITY, YOU ARE THE ONLY ONE I CAN TRUST WHEN IT COMES TO BITCOIN GENERATING AND MINING THANKS SO MUCH SIR FOR THE BTC .......
Great content was hoping to see this update, sorry see you post on twitter the other day, only just got around to watch!
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I believe the market is going to flow in 2022 rally and end in crypto winter after May, just a guess. Not a fan of rise and fall anymore, people think Investing in crypto is all about buying coin and leaving it to rise, common it takes much analysis to be a successful crypto trader,TECHNOPAWNS🪐COM his skills set is exceptional. A portfolio I got into the strategy with 1.3BTC is growing to 6.6Btc
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Great video 👍 im in the uk so this was so handy to know
Good guy, I wish you all the best👏👍
For all you’ve always done for me I respect you so much, lucky to have you sir.
Awesome video. What would you have done different if you started building a mining rig today?
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@6:35 "I think things would get a bit toasty" lol
Beautiful. I love your videos so much. Could you please help me I have a question here and I think you're the one that knows the answer. Do you think it's good time to start mining and building a rig? I mean, it's the first time that I want to start mining. Is it too late or not. The reason that I am asking this question is Ethereum 2.0. As you know, after moving to Eth 2.0, the profitability of other coins may be decreased significantly. Should I wait and see what happens to the coin's profitability or it's ok to start, and how much time I have till moving to POS mode. Thanks a lot.
Could someone explain to me, if you have such a setup, and you generate income, do you need to pay any tax for this ? Im just wondering if you need to register with the hmrc or...?
Nice update my man! Lovely profits there! I built one myself after your build video a few months back, decided on using HiveOS and doing half Nvidia half AMD. Has been great fun and lovely little side hustle! Thanks for the content 🙏🏻
I’m new to the idea of mining bitcoin. Does it generate good profit for the buy in needed to start a small operation?
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*6 Graphic Cards*
Since he doesn't mention it anywhere in this video. This guy is making 10 pounds per day with a 6 GPU rig.
Just in case anyone thought they could pay rent this way.
Are 580s 4gb still worth?
Or maybe 580s 8gb for ethereum?
Your act of kindness and the way you render your service shows that you’re professional in what you’re doing…
*I’M HUMBLE AND APPRECIATE OF ALL YOU’VE DONE FOR MY SCHOOL BILL THIS FLIP REALLY GOES A LONG ☝️☝️☝️✅ YOU’ER THE BEST*
WHY EVERYONE CONTINUE TALKING ABOUT THIS PLATFORM 🔝... REALLY GRATEFUL FOR THE 2.3BTC I RECEIVED FROM YOU.
Nice video, 2.0 is years away don't worry 😉
I’m trying to get some machines set up to start mining in my apt. My electricity is included in my rent, so I’m trying to take advantage of that. What machines are best for me? As in what will have the highest hash rate without regard to electricity costs and cooling costs?
Ransomware q3🔝 mine 2,3btc to my portfolio.
I'm grateful 🙏
5:42 i cannot find the wattage consumption here pls help
FOR THE WONDERFUL HELP. IN THE EYES OF THE AVERAGE PERSON, YOU ARE AN ORDINARY PERSON. IN MY EYES, YOU ARE ONE OF HEAVEN’S KINDEST ANGELS.
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The electric rates in the UK are brutal, so feel your pain there. Swapped some GPU's out and focusing on efficiency now.
im buying parts planning to build my mining rig, im trying to find a good gpu to use, actually finding the price a bit salty.
HI Darren. I have basically built an identical mining rig to the one you built but I cannot get over 24 mh/s per card. Can you do a tutorial on how you overclocked your cards please? Cheers
@@leeboss373 Thanks mate but still just over 21 mh/s with these. I have no idea what I'm doing wrong
@@leeboss373 PS, the highest I get is when I drop the Core, memory and power down to the minimum
@@leeboss373 Could it be the Graphics card Driver mate? I've updated to the latest one but perhaps an older version might work better?
@@garyreddan8184 change pads
I'm so excited for recommending you no one really does it better than you kudos to your work keep it moving sir you are worthy and trustworthy💯
Is it still worth it in June 2022? The cost of electricity is sky high, is it viable?
When you compare this to say a buy to let - it's a no brainer.
Is it possible to buy a rig for around £1000/1200 that sits in the corner of a loft that does not need loads of fans and isn't noisy etc make like £20 per day?
doubt you’d get £20 a day with only that amount
The question is if it´s worth investing in mining rig now that Ethereum is switching to PoS
I WANT TO EXPRESS MY APPRECIATION TO YOU FOR THE KINDNESS SHOWN ME. I AM ETERNALLY GRATEFUL. THANK YOU.
It’s strange how people talk about all the profits, they have been making through trading of crypto, while am here making huge losses. Please can someone put me through on the right path or at least advise me on what strategy to follow.
That’s true, most people today have been having a lot of failure in forex and crypto trading sector because of poor orientation and bad experts.
Investing or trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trades.... I will advice you to stop trading on your own it’s very risky. Seek advice of a professional trader.
@@beckyvet5270 I’ve been investing in Bitcoin by myself. I’m not really happy with what’s going on, just few weeks ago I lost about $5000 in a particular trade so will getting a professional solve the problem??
@@beckyvet5270 if you’ve got any, please share
@@kimberlyburnett5574 I guess I got lucky getting introduced to expert Mrs Bones she has handled my trades for only six months and my profit has been crazy. Made over $7k in my first week with her.
HAILING 👏👏
UNIQUE EYES HAVE HELP ME GATHER ENOUGH CRYPTO IN THE PAST MONTHS
When life hits you hard go harder your success is not based on a man decision it’s based on your actions and those actions got consequences it’s either good or bad so it’s up to you thank god I made the right I doubted you at first.
Words can .neither qualify nor quantify how helpful you’re .getting my .Bitcoin I’m forever grateful for your support::::
👆🏽👆🏽......
JUST AT THE DINING MOMENT, WHEN I TAUGHT ALL HOPE WAS LOST, I GOT TO KNOW ABOUT YOUR MINING SYSTEM MY TURN AROUND AFTER I SETUP MINING IN YOUR FARM.. THANKS SO MUCH SIR.
I am on one of the cheap electric car tariffs paying 5p at night. With a home battery you could run the whole thing off 5p elec all day.
@@leeboss373 octopus go faster tariff
@@leeboss373 that’s a hard question, if it’s pulling 400w and you get 5 hours cheap, you would need a battery big enough to run it for 19hours. 400x 19 is 7.6kwh, this would cost serval thousand. If currently paying 20p per kWh and instead was paying 5p you would be saving 15p per kWh. So 0.15x7.6 is £1.14 a day saving in elec or £416 a year. However the battery wouldn’t just run the rig it would run the whole house so saving would be on everything such as fridge, tv, cooking etc. It’s a long term investment and with crypto changing vastly shortly like mentioned in the video it may not be worth it. But like stated the battery can work out worth it just for the home
Never mind the crypto too depending on personal elec usage.
@@leeboss373 yeah power generation is a whole other ball game to just storing grid power. Generating yourself even better
I can't give a trial to another company, with what I'm getting here I'm truly satisfied...... 💯✊
There’s no way you pay 20p/kWh. You need to consider the total cost per kWh including all fees, probably around 50p/kWh for a private household..
i have a gaming pc with RX 5700xt CAN I MINE ?
Yes
Yes, but I think they can get a bit toasty!
@@HonestMoney loool 😅I was expecting that response
Why’s all the comments bots??
People trying to make a quick bag ignore em haha
It's pointless once you pay the electric
Actually you would have been better off using GTX 1660 super cards they use less power and cooler at 32.0 MH/s and cheaper
Telegram.
He mined for me 👆 his the best.
*_Now is your chance to become a successful digital currency investor as well. Bitcoins, ethereum, and Dogecoin are the safest currencies for mining._*
might as well just buy the coin
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What's with all the fake comments?
THANK YOU FOR STANDING BY ME AND EXTENDING A HELPING HAND TO ME WHEN I NEEDED IT MOST. YOUR KINDNESS WILL SURELY BE REPAID BY GOD.
I paid the same price for my 6700xt lol you got scammed
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It was incredible the means of production I got from NIKTO MINER
was very productive to my portfolio.
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It's Nice The Way Your Job Is Alway Done.
Congratulations there no not cmt here
*NO*
Thanks----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Gibson_Techs on Telegram are the best miners I made a lot of profit working with them.
The amount of scam accounts in the comments 😒
mining is over criminal shit lol give it back to the gamers
I really feel left aside hearing and seeing several testimonies from people on profits they make from crypto/Forex investments. Can someone please recommend a good expert that can trade on my behalf and generate profits for me🥺🥺🥺
Pure bots in the comments should get a mod to ban
I WILL FOREVER REMAIN HUMBLE TO THE ABOVE 👆NAME BECAUSE I KNOW I COULD HAVE LESS WITHOUT YOU. I WILL ALWAYS BE GRATEFUL BECAUSE I KNOW I’VE YOU 💯💯✅
nothing but paid-for comments lol
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comprehensive------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------method of mining made easy all thanks for this great video doing it myself am so happy come across GeldinHos on telegram
Try mining #Epiccash
I was able to get a personal truck to work for myself and feed my family in less than one month dealing with TECHNOPAWNS🟡COM
Thanks for the coins
THANK YOU FOR BEING THERE FOR ME WHEN IT WAS HARD. ALL I NEEDED AT THE TIME WAS AN EXCELLENT EXPERT CRYPTO MINER, AND YOU CAME ALONG AND SHOWED ME THAT SOMEONE CAN STILL MAKE MORE THAN EXPECTED ☺️.
YOU ARE AWESOME IN THIS MINING FIELD.
Thank You For Not Leaving Me Out In The Cold When I Needed Your Help. I Didn’t Deserve It But You Did whatever It Took To Make Sure I Smiled. I Am ETERNALLY GRATEFUL.......
THE REASON I DON’T PANIC IN DIRE SITUATIONS IS BECAUSE OF YOU. YOU ARE ALWAYS THERE FOR ME.
HOW DID YOU COME BY SUCH A GOLDEN HEART? THANK YOU FOR THE EXTRAORDINARY HELP YOU GAVE ME. IT BROUGHT SO MUCH RELIEF.
THANK YOU FOR YOUR HELP. THESE DAYS IT IS DIFFICULT TO COME BY PEOPLE WHO ARE WILLING TO OFFER HELP. I WANT YOU TO KNOW THAT MY HEART WILL NEVER EVER STOP APPRECIATING YOUR GENEROSITY.
Dearest, I have lost count of how many times you’ve sacrificed your comfort and time just to help me ensure I get good profit for my debt settlement. Even if I had all the money in the world, I could never repay you but give gratitude. May the work of your hands be blessed. Thank you very much.
*I’M HUMBLE AND APPRECIATE OF ALL YOU’VE DONE FOR MY SCHOOL BILL THIS FLIP REALLY GOES A LONG ☝️☝️☝️✅ YOU’ER THE BEST*
I'm so excited for recommending you no one really does it better than you kudos to your work keep it moving sir you are worthy and trustworthy💯