So this is one of the individuals responsible for driving up GPU prices (its a joke, yes i know they are asics,no i dont care if it actually still influences gpu prices)
It's honestly super dumb too. Like you're wearing out hundreds of cards when those could be being used for gaming. This scale of operations should be illegal.
Nope. Everything uses electricity even your favorite teslas. They actually all use the same sources. It uses less energy than 1.7 billion tvs sitting in peoples homes. The entire global network uses less electricity than aircon in the US alone. Virtue signal much.
@@jeffsteyn7174 That's cool and all of you're ignoring the idea of someone using huge quantities of real energy (regardless of how it's made), to create a product that is by almost all accounts; entirely intangible. Wasted energy is still wasted. There are far more benefits to powering a home people live in than powering a computer whose sole purpose is to run itself into obsolescence. Your entire rationale is to compare one method of wasting energy to another, which does not make an argument for why this isn't harmful. At most all you've done is point out things that are more harmful.
@@jeffsteyn7174 The fact you said all energy comes from the same place, highlights how entirely uniformed you are. Feel free to look outside at any of the 289 million cars in the united states that still run entirely on gas.
@Nuno Graca using the average is flawed, also with crypto prices boom 400 dollars worth of BTC or ETH in early 2019 is worth a lot more now, and he probably held some of it, there's a fuck ton of parameters to the equation and the only way to have an accurate number would be to ask the guy directly
The shortest way to success is to find a document or book in which everything was explained to you, not half explained. I can recommend the book Forbidden Crypto Hacks. So let me know what your impressions are.
This doesn’t work out at all, there isn’t an “average” amount each miner makes. You need to find what model of miners he has and how much mega hash each produces.
The average is the sum of revenue divided by the number of miners. She's just multiplying the number of miners by the average to find the sum of revenue.
@@molybdenumrose what dictates whats morally correct or not? Is it moral to ruin this person's only income source when he might be sustaining himself, his children and even some ederly people of his family who need his help. We dont know if he donates part of his income to help any neighboorhood he grew up in. What the comment basically says is that we should ruin a small business for no reason.
@@oof5992 a small business? He started with millions of dollars, he could have invested in literally anything else and been fine. He has enough money to live comfortably for many years even if he's donating large parts of it. If someone destroyed his mining compound it would be heroic, and he would be fine, there are a thousand ways for scumbags to earn passive income. Hell, he'd probably make MORE money with traditional investing than he does ruining the power grid of whatever small town he's taking advantage of.
Yeah the whole “save the planet” bullshit is really just a marketing scheme😂 in about 25 years or less we will run out of many finite resources, fill up all our landfills. Destroy our ecosystem, cause potentially flooding from global warming, over populate the planet and much more damage. Pretty much unless we decide to go back to basic living and living how they did in the 1800s and before, we are fucked…
@@illusorytrutheffect trees use a bunch of finite resources, solar energy is finite, nutrients are finite, co2 is finite so no trees are definitively a finite resource
Yea but people like him maintain the security of the blockchain which is why its so valuable now much more preferable then Saudis north korea russia and China completely dominating the mining pools
Wouldn't it be more accurate if she explained how many TH/s he is going at and at around how many Bitcoin he mines every month, since the value keeps changing...lol Edit : what the hell, that comment got so many likes gjdkhkdkhkdkktd but I like the discussion in it
As a building engineer very familiar with power grids and server rooms this literally makes me ill! Why are we allowing anyone rich or poor to make money in this way.
Everybody in life has the right to make money how they want as long as they're not hurting anybody. Who made you the judge, jury and executioner of how people are allowed to earn a living? Is there a moral dilemma with what he's doing?
He isn’t making that much money it’s a legit joke of a scam. People do make money from this but the hardware electric cost nearly cancel all profits. New miners come out after awhile and the efficiency goes up and the old ones end up using more power then money they make. But however people wish to make money tell them to knock themselves out. But the real ones making money is only the vendors of the equipment or they would be mining themselves lol
@@libertyandjusticeforall6435 yes its simply extremely terrible for the power grids of our country which are put dated and fragile. Im not the judge of anyone I am making a comment regarding what the effects of this form of money making have.
These are actually ASIC miners not GPUs, but to be fair GPU miners are driving the gpu prices insanely high, I have been trying to get a good deal on a gpu for 3 months now, I don’t think it will ever happen :(
@@loganhurley6666 what? Sorry i worded it wrong, ik there is gpu miners but the one shown in the vid are asic my bad, also I'm not talking about my laptop? Lol, theres a difference between an actual rig and some fake website
They focus of what media focuses on which is crypto mining and not things like all the smart new house gagets like the smart microwave or oven or fridge all which use semi conductors and add to the shortage. Or smart cars. How many Tesla did we put out this year? Those don't just use one semi conductor. Everything adds to the shortage causing strain on chips. Media will direct your attention where you let them, but I promise you Tesla would rather have you hating miners then their cars.
Must people like you are deceived by the media that crypto has a massive part to play in the gpu shortage in reality it is actually the cloud which takes up a lot and of course gaming.
@@mansory7996 bloody miners and their bots snagging all the gpus the second its released. And the thing is manufacturers keep catering to them cuz the manufacturers still get money
@@donutlarper7179 If u knew what ur talking about u would know that he is not using gpus as they can’t mine bitcoin but asic miners. But hey it’s easier to hate then do some research.
@@Lets_Go_UW it's a shame people like this actually make money and that companies like Nvidia don't have ways to ensure their products get to worthy customers
If only you know what the future says, you'll know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold! And you"ll thank yourself
@@suttonjaxhope8275 How does this whole bitcoin thing works, I'm interested in it and willing and ready to invest heavily but I need an assistant to properly guide me through on how to make a good startup and be successful in it without making mistakes.
No, Bitcoin miners don't use GPUs or any useful type of chip for that matter. A Bitcoin miner chip can ONLY mine Bitcoin and Bitcoin-like cryptos. Blame Ethereum and other cryptos for your chip shortage, they use computer chips and GPUs.
@@ashen9381 the miners this dude are using have nothing to do with the gpu shortage. If anything blame the companies that guy palette fulls of graphics cards for mining.
@@brands2131 any useful types of chips??? So you obviously don't understand how silicone wafers work 🤣 they use asic chips , that doesn't mean they don't use the same materials it just means they aren't using the specific chips that other people are using lmaoo and using asic machines might work better for certain specific block chain algorithms but 99% of miners do in fact still use gpu's because they already had them 🤦
@@someinternetbox168 the problem isn't people buying gpu's it's that the companies can't produce any more because they can't get the materials lol mass buying was only the problem in the beginning, now it's that the people making silicone wafers for chip manufacturers are sending them where the supply dictates 🤷 which is companies producing mining equipment in China
Honestly, just owning it and not trying to hide it is partially why I watch you. It's the honorable thing to do and it make the rest of the jobs much more believe when you are call out of the spots like that, so thank you Adriannotch . I can't wait to tell my grandkids this was the greatest youtube Recovery agent of my time.
As a veteran of the Marine Corps who served in combat, I want you to know that the work you are doing is crucial. You're fighting these crooks and terrorists on the cyber front. You are fighting to keep our society's most defenseless people safe from harm. You guy at *Adrian notch* are doing a great Job
Those aren’t gpus, they’re asics, computers made specifically for mining. so he isn’t contributing to the shortage, considering that he bought his set up in 2019 and also that they aren’t gpus. Like at all.
I can’t wait till everybody realizes that it’s actual monopoly money not anything real go ahead buy something with crypto that isn’t crypto or an NFT. I don’t think you can buy a car bread or a hooker with crypto
Many things are wrong with this video. The avg is more like 500 dollars and the initial cost of this project was more like 13000000 dollars. These are s19 miners with are 13000 dollars each. Her math has all the wrong data.
The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.
I think trading is easier with proper guidance, especially from a proffessional it really helps reduce the chances of running into losses. All thanks to hanna macko she changed my life, I was able to pay off my mortgage
My first investment with Mrs Hanna gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with her already
@@conradtantram6320 while gpus are more expensive and its true 6600xt can run any game at high settings and I can testifie because I have it in my gaming rig. Second its also due to pandemic you guys are not the only community suffering everyone is suffering, China is producing less chips for anything because work force is smaller during those times, it does not take the guilt off miners but stop blaming every miner you see online. Might as well blame Disney for buying massive amount of gpus or any other massive company
@@IndiaNumberOneCoubtry the fact they produce less is not false. Everything in the market that requires chips is on hold because China is producing less
The average crypto miner doesn't use a single PC. You can't just be like "yeah x times y equals z so he makes z money", there are a ton of variables in play here, not to mention the maintenance costs that where only mentioned for a second but play a huge role here.
Yeah right..and its not he can sell all the coin he mine in a single day ..it might drive down the price lowering the value of his coin from 800 a month to 400
Do you think the Bitcoin network and the protections it provides humanity is worth spending money on electricity? Luckily for the world, it’s not up to your decision, it’s up to the market to decide where electricity goes. Others disagree with you and think the value is warranted. There are many things you do that could be argued to not be worth the environmental cost. This is subjective. I am an environmentalist btw for what it’s worth.
@@Zeppelin9899 sure, whatever, it's subjective. Morality itself is subjective. Doesn't mean we can't criticise things like this. A global chip shortage and much higher energy usage isn't worth it for some new, unstable currencies.
@@wureka4856 bro 1/3 of the world's energy is wasted because it can't be stored. Bro America uses more energy to power Christmas lights than the bitcoin network. Bro do some research bro bro bro
I think he knows what he’s doing he has them there for a reason lmfao ur literally just commenting this from watching a 1 minute video, mans been doing this for years
@@Ilovejesuschrist012 🤣 you think you know what he's doing? Lmaoo *I've been doing this for years* .. Do you know what the function of a green house is buddy? Now wrap your mind around the fact that those are 100% the opposite environmental conditions that you would keep aaaaany type of systems , let alone thousands of mining rigs running 24/7 365
It’s because of people like this guy I can’t have fun making a new computer because of inflation. A gpu 2 years ago was 180 and now is 500 dollars. I am referring to the rx 580.
@@Pbg_Gonefishing I am referring to the fact that people like this guy who mine bitcoin with many machines. You don't specificly need gpus but some people in china have them in large quantities.
Instead of a new gpu, you can buy kilos of kilos of magnets, grind them down, hire a heli and bombdrop magnetdust all over the place and stil spent less than on a new gpu. Just saying.
@@determination2485 Not exactly. This dude is receiving hate bc he is driving up prices on computer parts while contributing nothing to society. What he is doing is a net negative on society.
@@mr.doctorcaptain1124 because he's one of the assholes who causes computer parts to become hella expensive, meaning less people can actually buy them.
@@dokalol9694 no it doesn't it's a ASIC it's chips designed specifically to do one thing... Mine Those machines do not work like graphics cards at all and that's why they are better at mining crypto because they have been designed to only be good at one thing unlike GPUs that are good at multiple things.
Honestly, if these guys need so many GPU's, they should directly contact the company and not scalp the whole damn market. The company can make a few thousand GPU's on specific orders for Bitcoin miners. It seems I was greatly misinformed about this type of mining and I humbly apologize for this grave incompetence of mine. Plz read the replies for some correct information.
@@Sachock MSRP for GPU's are around $600 - $900 scalpers are selling the higher end such as the 3090 at $1,600. Scalpers also use bots to immediately buy the graphics cards.
@@Shadiitoooo it’s a joke my guy. I don’t have a setup because the graphics cards are be sold a crazy resale prices that I’m not willing to pay. In sneaker culture we call it r@PE prices
@@theun6073 yeah saying they are ascii’s the only thing they are good with is mining and with him doing bitcoin the only thing it could do well is mine bitcoin and not any other crypto
A magnet isn't really going do do anything except get you arrested for trespassing. The emitter array from an 24kW microwave oven mounted to a van, however...
@@randomstuff508 because he saw another comment say nearly the exact same thing but with 13k likes and on the first page. People that lack intelligence or creativity but crave attention do this. That's why.
BTC hit 70k recently, he made millions. What did you do? Get a promotion at your mcdonalds job probably ha. You’re gonna work a 9-5 for the rest of your life
I could really care less because this guy is one of many responsible for the many gamers and other people now being able to get a GPU at a fair price. The MSRP has gone up because of people like him.
@@beernutsonline *Whezze* German power. We get all our power from france and russian gas because our politicans keep shutting our atomic powerplants down. Whatever that german power is, tell me, because I will need it for the inevitable power network crash thats comming.
Yes please tell me more about how our current currency has more inherent value than crypto? Hint: it doesn't. Value has always been assigned, not created. Also the fact that I can send a sizable chunk of money to my family halfway across the globe in a matter of seconds for ~$7 in fees is a real life application.
@@barryjjohn no your currency is a waste of earth’s resources and time because at ANY point the entire concept of crypto could come crashing down with a couple planned cyberattacks. Physical currency is so widespread that even large scale inflation wouldn’t bring the whole thing down. Besides you guys literally buy drawn pictures of monkeys and put a stupidly high price tag on them for absolutely no reason, I don’t wanna hear it lmao.
You have to update those miners new ones come out every year so you have about 180 days to break even after that 180 days to make money and pay your power bill for the full year unless he owns his own pool and he can get money from other people's minors which is a possibility since he has so many minors I think personally he would have definitely made more money if you would have just left all the money in Bitcoin versus mining
@@thescatterpiratesquarepant7935 Not unless there all his own children ... ... but, even then, say, with child actors, there is only so many hours per day they can work. And forced child labour is usually considered both unlawful, and illegal ... But it wasn't _that_ long ago, that minor miners were a thing, as they were usually assigned to pushing the carts of coal, or tin ore, along tracks in quite small tunnels ...
I was out of breath half way through this. Please use/add a couple periods in this paragraph. Also you can keep using the same mining equipment, they will just mine less over time.
And that's why bitcoin is running on borrowed time. There's no way that's a long term solution for anything. The next few years will see the cryptos that have actual utility take over amd actually build web3
I like how everyone is blaming this guy for GPU shortages when he doesn't have a single GPU in his bitcoin farm. Bitcoin is no longer mined on GPUs but specialized mining machines called ASICs. GPU prices are high because of chip manufacturers are working at full capacity and scalpers are buying the only stock they push out.
You're not very bright. The only reason you can't get a GPU is because Nvidia and AMD both decided to see how much people are ready to pay for GPUs. Here's a big tipcl for you: GPU prices are never going back down.
No bitcoin miner in their right mind would use expensive non-renewable power. They'll immediately go bankrupt unless the hashrate lags behind the value of bitcoin severely (like the peak of a bull market).
Someone running 1300 bitcoin miners? Honestly though, $10 per month per miner thats running 24/7, that sounds low. Its possible hes just mining in some country where electricity is cheap though, which is what some miners end up doing
@@WolfiiHD I'm a power systems engineer who sets up new private small scale crypto currency opts. My most recent one is a lady running 40 machines out of a 16 × 24 ft garage. Her electric bill is around $2000 per month, uses approximately 14,000 KWH per month.
@@fernandofonseca2033 stfu you elon musk fanboy who lost your entire paycheck on dogecoin, how much CO2 does minting 1 bitcoin release compared to minting the equivalent amount in USD, crypto is bad for the environment and due to its high instability will probaly never replace traditional currency
you should go on long term investment. I'm a long term investor, I started at the beginning of the year with $10,000 presently I'm having $103,700 on my dashboard, it takes patience.
@@DreadPirateRoberts121 Lets so gold for instance. A "rare" mineral used to display wealth and power can be used to trade for other valuable goods or services. Fresh water could technically be a currency too yet crypto has no real value or power. Someone from a third world country wouldn't trade any of their possessions crypto as it has no use to them as it worthless. The construct of something being a currency is supported by something of value.
Youre also paying for his mine considering this is why electricity prices skyrocketed. Maybe not his mine specifically but it certainly is cryptos fault.
the fuck, how does that make sense, dude making money, by your logic, making a good amount of a money is bad because greed, him making millions does not have to do with people becoming homeless
@@randomguy2472 when you got 8 billion people whos only goal in life is to reach that level yeah, sustainability becomes a problem for everyone else not born into that club. Tell me if everyone can be kings, who will be the cook? You guy will see the real winners when this monopoly game starts wraping up. And it aint us😂
Not a single one of these computers use a GPU. I’ve scrolled through so many of these comments and I’m shocked to see how little comprehension there is to that. There probably isn’t a single graphics processor, new or old, in that entire warehouse unless the dude has a PC in an office.
I think miners need to find ways to power their mines with sustainable energy somehow. Some miner needs to spend some of that money back into getting solar power or something, this way they can half their power consumption from coal based power.
The level of greed humanity has when people have limitless money never ends, imagine having almost 2 mill to throw at a mine, the average human could live 20 years on 2 mil
I don't have the slightest idea how you are supposed to "mine" something digitally! What actually is that, where are those coins coming from and who gave them such a ridiculous value??
from what I gather, a lot of major cryptocurrencies have different algorithms to accomplish similar tasks. for Bitcoin, all this energy and effort is basically to create more room, or 'blocks', for decentralized transactions (an alternative to your normal bank, just without a single entity in control). when you receive or send bitcoin, you're paying a fee typically to the exchange and the miners which gives them some incentive to keep mining regardless of if they discover a new block or not (you can get a bigger reward based on sheer luck for finding a random hash that unlocks a new block for people to build upon). the price of the coins are typically driven by supply and demand as you can pay more for a transaction to occur sooner and the crypto initially sets how many coins are in circulation. Bitcoin wasn't really made with the thought that we might mathematically run out of space, so it'll be interesting to see how people deal with that problem in the future
Why would I be making 30k monthly on GorillaGPUs online mining service and still want to use these machines that create noise and needs heavy maintenance? I am glad I sold all my helium and bobcat miners when I started with GorillaGPUs.
So this is one of the individuals responsible for driving up GPU prices
(its a joke, yes i know they are asics,no i dont care if it actually still influences gpu prices)
isnt he running asics tho
@@suchgood5820 yeah these are Asics so they have nothing to do with GPUs really.
i think Scalpers makw it worse
Bro you took the word out my mouth.
It's honestly super dumb too. Like you're wearing out hundreds of cards when those could be being used for gaming. This scale of operations should be illegal.
This might be even more ecologically wrong than actual mining.
Nope if electricity came from the hydroelectric or smth like that
Nope. Everything uses electricity even your favorite teslas. They actually all use the same sources. It uses less energy than 1.7 billion tvs sitting in peoples homes. The entire global network uses less electricity than aircon in the US alone. Virtue signal much.
@@jeffsteyn7174 I believe he's referring to the amount of heat these things produce on-top of the power consumption.
@@jeffsteyn7174 That's cool and all of you're ignoring the idea of someone using huge quantities of real energy (regardless of how it's made), to create a product that is by almost all accounts; entirely intangible. Wasted energy is still wasted. There are far more benefits to powering a home people live in than powering a computer whose sole purpose is to run itself into obsolescence. Your entire rationale is to compare one method of wasting energy to another, which does not make an argument for why this isn't harmful. At most all you've done is point out things that are more harmful.
@@jeffsteyn7174 The fact you said all energy comes from the same place, highlights how entirely uniformed you are. Feel free to look outside at any of the 289 million cars in the united states that still run entirely on gas.
I love it when people calculate shit they have no clue about
Can you explain it
@Nuno Graca using the average is flawed, also with crypto prices boom 400 dollars worth of BTC or ETH in early 2019 is worth a lot more now, and he probably held some of it, there's a fuck ton of parameters to the equation and the only way to have an accurate number would be to ask the guy directly
@Nuno Graca but, but, he just explained why average doesnt work in this senario
Ikr nigga
@Nuno Graca if something is linear average can be used and has a lot of precision, but crypto is everything but linear in a lot of ways
The shortest way to success is to find a document or book in which everything was explained to you, not half explained. I can recommend the book Forbidden Crypto Hacks. So let me know what your impressions are.
Fr@@1337-exe
Bot likes lmao
BOTTED, 3 REPLIES FR
Books
Where can I find the book
Man can single handedly melt the enterity of greenland
??
@@alfa5502 hes running like 70 pc's the amount of energy that is using is not good for the environment
@@kylekoolkid241 he has 1300 lol
@@morton2248 oh
@@kylekoolkid241 Even if he wasnt mining it wouldnt change the environment one bit
This doesn’t work out at all, there isn’t an “average” amount each miner makes. You need to find what model of miners he has and how much mega hash each produces.
Yes and there’s an average model most miners use or did u think each miner is completely unique
The average is the sum of revenue divided by the number of miners. She's just multiplying the number of miners by the average to find the sum of revenue.
@@CruzCGK Not all of us have a warehouses worth of mining equipment. A good lot of miners are small scale
@@SakugaAsu do look at averages scale doesn’t matter or do u not know how basic math works ?
He bought them cheap during 2019 when eth was worth a fraction of what it is today he made his money back and then some
Remember, it is morally correct to walk into a crypto mine with a comically large magnet
No its not. Big companies pollute 1.000.000x times more than 1 of these small bitcoin factories.
He makes a mil a month he could make a thousand of these if he wanted to lol. Maybe he could make it a franchise and expand into different locations.
@@oof5992 it's morally correct to stop them too. At least normal companies actually produce something with utility.
@@molybdenumrose what dictates whats morally correct or not? Is it moral to ruin this person's only income source when he might be sustaining himself, his children and even some ederly people of his family who need his help. We dont know if he donates part of his income to help any neighboorhood he grew up in.
What the comment basically says is that we should ruin a small business for no reason.
@@oof5992 a small business? He started with millions of dollars, he could have invested in literally anything else and been fine. He has enough money to live comfortably for many years even if he's donating large parts of it. If someone destroyed his mining compound it would be heroic, and he would be fine, there are a thousand ways for scumbags to earn passive income. Hell, he'd probably make MORE money with traditional investing than he does ruining the power grid of whatever small town he's taking advantage of.
I love how everyone is crying about how horrible cars are, meanwhile bitcoin mining, a complete waste of energy, is completely accepted
Exactly
Yeah the whole “save the planet” bullshit is really just a marketing scheme😂 in about 25 years or less we will run out of many finite resources, fill up all our landfills. Destroy our ecosystem, cause potentially flooding from global warming, over populate the planet and much more damage. Pretty much unless we decide to go back to basic living and living how they did in the 1800s and before, we are fucked…
I mean, currency is a complete waste of trees but we still print them.
@@alalalala57 you can always plant trees you can’t plant finite resources👍
@@illusorytrutheffect trees use a bunch of finite resources, solar energy is finite, nutrients are finite, co2 is finite so no trees are definitively a finite resource
Can't wait for this little shack to get geo located
U won’t do shit
@@mansory7996 cope and seethe looser he never said he would but that doesn’t mean someone won’t
@@Sujamma_Enjoyer Lol the only losers are the envious ppl larping in the comments
@@mansory7996 lol there jokes not Dtcks so don’t take them so hard
@@mansory7996 they have a reason to be mad unlike the looser getting mad over jokes
So as you can see by my calculations, 1 banana next to 3 oranges will fit snuggly in a crate so long as your apples are parallel.
Dam right
But what if... What if blue.... Gets reduced by the velocity of an eagle in times square for every crate?
@@kamidesu6414 in that case you approximately get the enviroment jn which the american measuring system was tested
@@diegostecca7319 So American system? But if so i forgot the conversion of 1penguin flip flops to centimeters tho,
@@kamidesu6414 Oh fuck that's right, we also forgot (Iran invasion)^2 x liter of oil
And If he would have just bought BTC for 1,9m in 2019 for around 3k. He would have more than 10x it by now wirhout any Energycost
😂😂 true
Remember the bitcoin highs of 67k
He would've 22x
Yea but people like him maintain the security of the blockchain which is why its so valuable now much more preferable then Saudis north korea russia and China completely dominating the mining pools
And we could all get cards for games ...
Only if someone buys it
Wouldn't it be more accurate if she explained how many TH/s he is going at and at around how many Bitcoin he mines every month, since the value keeps changing...lol
Edit : what the hell, that comment got so many likes gjdkhkdkhkdkktd but I like the discussion in it
Too complicated 😛
The carbon offset of these mines are despicable and they should be scoped on
She’s just doing an average
Too many inconsistencies in the video. I never even bothered to believe it.
@@jeremiahwoodruff9614 jealous much?
As a building engineer very familiar with power grids and server rooms this literally makes me ill! Why are we allowing anyone rich or poor to make money in this way.
Everybody in life has the right to make money how they want as long as they're not hurting anybody. Who made you the judge, jury and executioner of how people are allowed to earn a living? Is there a moral dilemma with what he's doing?
He isn’t making that much money it’s a legit joke of a scam. People do make money from this but the hardware electric cost nearly cancel all profits. New miners come out after awhile and the efficiency goes up and the old ones end up using more power then money they make. But however people wish to make money tell them to knock themselves out. But the real ones making money is only the vendors of the equipment or they would be mining themselves lol
@@libertyandjusticeforall6435 yes its simply extremely terrible for the power grids of our country which are put dated and fragile. Im not the judge of anyone I am making a comment regarding what the effects of this form of money making have.
@@libertyandjusticeforall6435 yes there is. For a start He's harming the environment. And not producing any actual product ppl use
@@libertyandjusticeforall6435 just because it's legal dosent mean it's right
That Why Iam Still Missing GPU For My PC....
These are actually ASIC miners not GPUs, but to be fair GPU miners are driving the gpu prices insanely high, I have been trying to get a good deal on a gpu for 3 months now, I don’t think it will ever happen :(
@@lucaskauth1520 they use silicon
@@lucaskauth1520 these shown in the vud are all asuc miners not GPU
@@skribbles1289 tf yes they can my dad does it all the time sorry your laptop wont mine lmao
@@loganhurley6666 what? Sorry i worded it wrong, ik there is gpu miners but the one shown in the vid are asic my bad, also I'm not talking about my laptop? Lol, theres a difference between an actual rig and some fake website
Legend. It made me separate how you helped those
Setbacks. You are an especially incredible obligation
to humanity Adriannotch !
I do not see the planet recovering anytime soon 😂
Ye, and if people do this very often the planet could be worse than before, with the current technology we can't do anything about it
If you dont fight this, your HD gaming experiences become his 4th yacht.
Underrated
lmao
@@jameselroy7472 HD gaming
@@jameselroy7472 ...HD Gaming.
@@jameselroy7472 #nobody cares about them countries
I'm very relieved to know that during the robot apocalypse, they'll target this guy first.
Fuck yeah count me in. Im bringing my magnet
“Ferb, I know what we’re gonna do today!”
**proceeds to build a magnetic jet with an EMP**
"Fookin Laser Sights" intensifies
*MW2 EMP noises intensifies*
*YEAH MAGNETS*
@@ashtonrc4291lmao
When people are confused why computer chips are in such high demand and thus overpriced:
They focus of what media focuses on which is crypto mining and not things like all the smart new house gagets like the smart microwave or oven or fridge all which use semi conductors and add to the shortage. Or smart cars. How many Tesla did we put out this year? Those don't just use one semi conductor. Everything adds to the shortage causing strain on chips. Media will direct your attention where you let them, but I promise you Tesla would rather have you hating miners then their cars.
Must people like you are deceived by the media that crypto has a massive part to play in the gpu shortage in reality it is actually the cloud which takes up a lot and of course gaming.
Woah how inconvenient that all your miners simultaneously broke while you were sleeping
"Hey guys, it's Demolition Ranch and today we'll be finding out how many computers it takes to stop a 50. Cal!"
@@Sixflagsisgreat LMAOOOOO
Even if that actually happens, he already hass enough money for like 5 of his generations
I sure hope a gust of wind doesn’t knock down some power lines, setting fire to the whole building.
Why ?
@@mansory7996 bloody miners and their bots snagging all the gpus the second its released. And the thing is manufacturers keep catering to them cuz the manufacturers still get money
@@donutlarper7179 If u knew what ur talking about u would know that he is not using gpus as they can’t mine bitcoin but asic miners. But hey it’s easier to hate then do some research.
@@donutlarper7179 stay mad
They probably have a good insurance payout so they'll set it up again anyway
Finally, new GPU released. I'm going to buy it.
Cryptominers: Hippity hoppity, your GPU is now my property.
Something you havent bought yet is not your property.
@@hzuiel we just want a GPU, not bitcoin. Also I believe he meant ‘the’ instead of ‘your’
Sorry but this is and actual mining machine not a computer
Bitcoin mining has nothing to do with GPUs btw
@@l4kr wtf
Would love to run a magnet across everything.
Edit: so what you all are telling me is a hammer will fix this problem? Got it.
Why
Jessie?
Would be a real shame...
@@GMJ7320 because these crypto miners are why the newest GPUs are extremely expensive and hard to get
@@Lets_Go_UW it's a shame people like this actually make money and that companies like Nvidia don't have ways to ensure their products get to worthy customers
I am trying to remember when I last used physical machines for Mining. I will stick with Gorilla GPU's live cloud mining services. They are the best.
Thank god there are guys like him who know about these machines and don't buy any graphic cards. Thank you man
Aren't these machines more efficient than GPUs? Like maybe Asics are less powerful or something but they consume less electricity
@@elmoli2217 yes they are more efficient. IIRC they’re specifically made to mine crypto
These are bitcoin ASICs, you can't even mine bitcoin with GPUs anymore and need specialized hardware.
@@CaptainApathetic - Which hardware is best to start mining? I’m a complete noob
@@yodamaster757 maybe don't ask on a RUclips video and do some research if you're new.
The environment: “am I a fucking joke to you?”
Yes, because the global financial system is very environmental friendly 😂🤦🏼♂️
@@fernandofonseca2033 thats what nft's for
@@fernandofonseca2033 so you dont deny its bad for the environment?
@@klausbdl everything has an environmental footprint. But on a global scale Bitcoin is efficient as long as it is globally adopted.
Blame india and china not anyone is the usa lol we are like 9% of the world
If only you know what the future says, you'll
know that indeed cryptocurrency is the
future, investing in it now will be the wisest
thing to do. Hold! And you"ll thank yourself
Exactly, at the moment bitcoin is the best
and profitable coin to buy and invest in.
Crypto trading is very profitable when you
trade well
@@suttonjaxhope8275 How does this whole bitcoin thing works,
I'm interested in it and willing and ready to
invest heavily but I need an assistant to
properly guide me through on how to make
a good startup and be successful in it
without making mistakes.
Just bought $7K Ethereum and $14k bitcoin
with the recent dump in cryptoI was told it's
the right time to buy and get ready for a
skyrocket.
The only safe
reliable,genuine and highly experienced
expert I can refer you to is Mr Adrian Brayden Calebfx
When a friend asks why chips are in a severe shortage. People like this are who I point to.
No, Bitcoin miners don't use GPUs or any useful type of chip for that matter. A Bitcoin miner chip can ONLY mine Bitcoin and Bitcoin-like cryptos. Blame Ethereum and other cryptos for your chip shortage, they use computer chips and GPUs.
@@brands2131 OK so the people selling Purpose built bitcoin miners that have 10-12 Nvidia cards. Are just selling duds.
@@ashen9381 the miners this dude are using have nothing to do with the gpu shortage. If anything blame the companies that guy palette fulls of graphics cards for mining.
@@brands2131 any useful types of chips??? So you obviously don't understand how silicone wafers work 🤣 they use asic chips , that doesn't mean they don't use the same materials it just means they aren't using the specific chips that other people are using lmaoo and using asic machines might work better for certain specific block chain algorithms but 99% of miners do in fact still use gpu's because they already had them 🤦
@@someinternetbox168 the problem isn't people buying gpu's it's that the companies can't produce any more because they can't get the materials lol mass buying was only the problem in the beginning, now it's that the people making silicone wafers for chip manufacturers are sending them where the supply dictates 🤷 which is companies producing mining equipment in China
Honestly, just owning it and not trying to hide
it is partially why I watch you. It's the
honorable thing to do and it make the rest of
the jobs much more believe when you are call
out of the spots like that, so thank you
Adriannotch . I can't wait to tell my grandkids
this was the greatest youtube Recovery agent
of my time.
As a veteran of the Marine Corps who served in
combat, I want you to know that the work you are
doing is crucial. You're fighting these crooks and
terrorists on the cyber front. You are fighting to
keep our society's most defenseless people safe
from harm. You guy at *Adrian notch* are
doing a great Job
Can’t wait until crypto crashes and this guy and others like him let the GPU shortage end.
Those aren’t gpus, they’re asics, computers made specifically for mining. so he isn’t contributing to the shortage, considering that he bought his set up in 2019 and also that they aren’t gpus. Like at all.
Cope harder, and the comment above is right
@@theadventurous3714 he is still directly causing the shortage because the shortage is of chips not specifically GPUs
@@theadventurous3714 they are still causing the chip shortages brainlet
I can’t wait till everybody realizes that it’s actual monopoly money not anything real go ahead buy something with crypto that isn’t crypto or an NFT. I don’t think you can buy a car bread or a hooker with crypto
Thank you JP for living a sustainable lifestyle
Tell that to the environment
@@DarkPulsaterLiteGear tell that to the covenant
@@DarkPulsaterLiteGear tell that to the car you drive that runs off gas
Least sustainable award goes to..... JP Balsac
@@randomguy2472 My card and run 24 seven. I also don’t have 1000 of them.
You forgot to factor in hydro. Each miner is $80-100 each just to power for a month
he borrows power from the wind turbines next to him i think
So he's still taking in almost a mill...
Ye, but I think it's the best way to buy like Solar panels or wind turbines rather than paring electricity bills
Many things are wrong with this video. The avg is more like 500 dollars and the initial cost of this project was more like 13000000 dollars. These are s19 miners with are 13000 dollars each. Her math has all the wrong data.
The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.
There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly. That's investing.
If you are looking for opportunity and who to invest with then I recommend Hanna has a professional for everyone to invest with
I think trading is easier with proper guidance, especially from a proffessional it really helps reduce the chances of running into losses. All thanks to hanna macko she changed my life, I was able to pay off my mortgage
My first investment with Mrs Hanna gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with her already
I'm from the Australia 🇦🇺, I and my cousin gave her a try and it has been good returns of our investment, Thanks Expert hanna
The kind of people that keep the chip shortage going, very nice.
If he spends a dime on gaming gpu's for the mine, he won't be having a good time
Those are ASICS not gpus also gpus for gaming are not expensive 6600xt is 500$ which is responsible
@@Kivsha there is a major problem in the gaming community due to people buying all the GPUs
@@conradtantram6320 while gpus are more expensive and its true 6600xt can run any game at high settings and I can testifie because I have it in my gaming rig.
Second its also due to pandemic you guys are not the only community suffering everyone is suffering, China is producing less chips for anything because work force is smaller during those times, it does not take the guilt off miners but stop blaming every miner you see online. Might as well blame Disney for buying massive amount of gpus or any other massive company
@@Kivsha yeah i bet china is really concerned about workers rights now that covid came up lol
@@IndiaNumberOneCoubtry the fact they produce less is not false.
Everything in the market that requires chips is on hold because China is producing less
The average crypto miner doesn't use a single PC. You can't just be like "yeah x times y equals z so he makes z money", there are a ton of variables in play here, not to mention the maintenance costs that where only mentioned for a second but play a huge role here.
Yeah but their name is crypto god, they just want to make crypto seem easy and profitable
Yeah right..and its not he can sell all the coin he mine in a single day ..it might drive down the price lowering the value of his coin from 800 a month to 400
Also the ROI on crypto mining will go on falling as it will get harder to mine less and less remaining bitcoins
You are over complicating it. I’m also a crypto miner
@@jeremymcwiliker9030 it is
Love when people destroy more of the earth for profit. Really legit.
Do you think the Bitcoin network and the protections it provides humanity is worth spending money on electricity? Luckily for the world, it’s not up to your decision, it’s up to the market to decide where electricity goes. Others disagree with you and think the value is warranted. There are many things you do that could be argued to not be worth the environmental cost. This is subjective. I am an environmentalist btw for what it’s worth.
@@Zeppelin9899 sure, whatever, it's subjective. Morality itself is subjective. Doesn't mean we can't criticise things like this. A global chip shortage and much higher energy usage isn't worth it for some new, unstable currencies.
@@Zeppelin9899 bruh I bet your breath smells like wet cat food
@@Zeppelin9899 bro bitcoin mining used more energy than literal countries last year you're not an environmentalist if you support crypto
@@wureka4856 bro 1/3 of the world's energy is wasted because it can't be stored. Bro America uses more energy to power Christmas lights than the bitcoin network. Bro do some research bro bro bro
He'd save money not having his mine inside of a literal greenhouse 😂🤦
I think he knows what he’s doing he has them there for a reason lmfao ur literally just commenting this from watching a 1 minute video, mans been doing this for years
@@Ilovejesuschrist012 🤣 you think you know what he's doing? Lmaoo *I've been doing this for years* .. Do you know what the function of a green house is buddy? Now wrap your mind around the fact that those are 100% the opposite environmental conditions that you would keep aaaaany type of systems , let alone thousands of mining rigs running 24/7 365
You can regulate tempatures easily in a greenhouse, all those gpus would get out of hand quickly in terms of heat otherwise.
@@PissOnYerFinger yeah and that heat regulation cost $$$$
@@Cacodominus6969 would be nothing when your earning 500,000+ daily
He doesn't make alot because the encryption is so hard he most likely sells use of his farm to people who don't know better
It’s because of people like this guy I can’t have fun making a new computer because of inflation. A gpu 2 years ago was 180 and now is 500 dollars. I am referring to the rx 580.
Identify every rig in this video that uses pc GPUs and you'll identify 0. Congratulations.
@@Pbg_Gonefishing I am referring to the fact that people like this guy who mine bitcoin with many machines. You don't specificly need gpus but some people in china have them in large quantities.
yeah, i bought my rx 580 in july 2020 for about 200$
now it's easily over 500, even the used ones
that is horse shit he’s not making anywhere near 900 a month per rig i’d say 100 or so
I make 300 with an RTX 3060 ti
You’re on drugs 😂
@@dust7027 that’s fucking BS you only make around $2.80 a day that’s not even close to $100 a month 🤣
Most likely he is running ASIC miners brother.
@@m57.ruslan hes not running a gpu, hes running a device specifically designed for mining
Instead of a new gpu, you can buy kilos of kilos of magnets, grind them down, hire a heli and bombdrop magnetdust all over the place and stil spent less than on a new gpu.
Just saying.
Why's this dude getting so much hate?
@@mr.doctorcaptain1124 some people like seeing very successful people fail miserably.
@@determination2485 Not exactly. This dude is receiving hate bc he is driving up prices on computer parts while contributing nothing to society. What he is doing is a net negative on society.
@@mr.doctorcaptain1124 because he's one of the assholes who causes computer parts to become hella expensive, meaning less people can actually buy them.
This dude isn’t even using GPU’s…
& this is the reason graphics cards are so expensive
He's not using graphics cards tho
@@kaptain1477 💀 bro the miner computer has GPU’s in it, it’s the most profitable way to mine
@@dokalol9694 dum dum those are ASIC Miners which aren't the same, look it up
@@dokalol9694 no it doesn't it's a ASIC it's chips designed specifically to do one thing... Mine
Those machines do not work like graphics cards at all and that's why they are better at mining crypto because they have been designed to only be good at one thing unlike GPUs that are good at multiple things.
Ooooh i was 69th like 👍 gotta make a note of it.
Honestly, if these guys need so many GPU's, they should directly contact the company and not scalp the whole damn market.
The company can make a few thousand GPU's on specific orders for Bitcoin miners.
It seems I was greatly misinformed about this type of mining and I humbly apologize for this grave incompetence of mine.
Plz read the replies for some correct information.
You think company not interested in high GPU prices? I think you don't live in our planet 😂
These are ASIC machines which don't use GPU 🤦🏽♂️
What are y’all talking about, these are all ASICS
@@Sachock MSRP for GPU's are around $600 - $900 scalpers are selling the higher end such as the 3090 at $1,600. Scalpers also use bots to immediately buy the graphics cards.
They do.
This why I can’t build a gaming rig without giving up ass 😂
🤨
😂😂😂
Wait wait wait whattt
@@Shadiitoooo it’s a joke my guy. I don’t have a setup because the graphics cards are be sold a crazy resale prices that I’m not willing to pay. In sneaker culture we call it r@PE prices
😂😂😂
Imagine gaming with all of those combined infinite FPS on any offline game
You can’t play games with those…
@@randomriot5008 I meant to rig them all to one pc, but yeah you can’t play with those since a lot of the parts required are not there
@@theun6073 yeah saying they are ascii’s the only thing they are good with is mining and with him doing bitcoin the only thing it could do well is mine bitcoin and not any other crypto
@@theun6073 those are not GPU's those are ASIC's........
I found another idiot that says all miners uses GPUs
Let's just grab a random figure and use it
You know, it would be great if I didn't have to sell both kidneys to get a 3090
Can't wait to figure out where this place is so I can go running through with a big ol magnet
Why?
You'd be squashed
Jealous human spotted
A magnet isn't really going do do anything except get you arrested for trespassing. The emitter array from an 24kW microwave oven mounted to a van, however...
@@randomstuff508 because he saw another comment say nearly the exact same thing but with 13k likes and on the first page.
People that lack intelligence or creativity but crave attention do this.
That's why.
And remember kids, don't sleep with a light on or leave any unused device plugged in.
And then someone found the warehouse and stole everything lol
He has minors in a ware house mining for him without getting paid. Oh god
Just give then a little electricity to keep them working 💪
You can't employ minors
@@thisismagacountry1318 tell that to your mom 😉
@@elijahwaterworth1803 AYO
@@TwinkleNZ yoooooo who this
Wow,,, this guy has made a lot of FAKE INTERNET MONEY ..
His step mom must be so proud
Fake internet money no wonder you are a Wage slave
BTC hit 70k recently, he made millions. What did you do? Get a promotion at your mcdonalds job probably ha. You’re gonna work a 9-5 for the rest of your life
I could really care less because this guy is one of many responsible for the many gamers and other people now being able to get a GPU at a fair price. The MSRP has gone up because of people like him.
He is running asics
Asucs lol
He uses asics, and even if he was using gpus, not being able to play games isn't a big deal lmao
By saying you could care less means you don’t care that much… the phrase is “I could NOT care less”…
It's an asic rig you doofus
Isnt that structure embarrassing when the whole world is enforced to save energy because of "climate change"
Denmark is going to be selling elecyricity soon from surplus of wind power.
@@mjcortez2460 no impact on a global scale
@@mjcortez2460 Only when the wind blows, currently they need energy from oil and Norwegian/German power..
@@beernutsonline
*Whezze* German power. We get all our power from france and russian gas because our politicans keep shutting our atomic powerplants down. Whatever that german power is, tell me, because I will need it for the inevitable power network crash thats comming.
@@izayaorihara7059 Yeah.. true. You really have some difficult years ahead! :/
If only cryptocurrency had any value or real-life application at all 😂
*laughs in U.S inflation*
@@ChanceFlores what
*laughs in 5 figure percent roi over the last decade*
Yes please tell me more about how our current currency has more inherent value than crypto? Hint: it doesn't. Value has always been assigned, not created.
Also the fact that I can send a sizable chunk of money to my family halfway across the globe in a matter of seconds for ~$7 in fees is a real life application.
@@barryjjohn no your currency is a waste of earth’s resources and time because at ANY point the entire concept of crypto could come crashing down with a couple planned cyberattacks. Physical currency is so widespread that even large scale inflation wouldn’t bring the whole thing down. Besides you guys literally buy drawn pictures of monkeys and put a stupidly high price tag on them for absolutely no reason, I don’t wanna hear it lmao.
I can’t wait till the power goes down and he’s ripping out his hair 🤣👌🏽
That’s why the gpus prices are skyrocketing? Someone needs to pay him a visit.
In future some "miners" will have a many new "friends" to "talk" with and be sure noone will be in terms of consciens ...
These are ASIC miners they don't impact gpu prices.
@@SolDust-vy3cw ASIC old tech? Or new tech?
@@BlakeTedKord well they said he built the farm in 2019 so old tech, before the silicon shortages. New rigs, maybe not so much.
Or an offer he cant refuse?
He could have rendered a black hole with all that processing power.
Gold
So this is where my 3090 went.
he's not mining on gpus but asics
I mine with shoes too
imagine her computers caught on fire☠️
You have to update those miners new ones come out every year so you have about 180 days to break even after that 180 days to make money and pay your power bill for the full year unless he owns his own pool and he can get money from other people's minors which is a possibility since he has so many minors I think personally he would have definitely made more money if you would have just left all the money in Bitcoin versus mining
Having minors is illegal right?
@@thescatterpiratesquarepant7935
Not unless there all his own children ...
... but, even then, say, with child actors, there is only so many hours per day they can work. And forced child labour is usually considered both unlawful, and illegal ...
But it wasn't _that_ long ago, that minor miners were a thing, as they were usually assigned to pushing the carts of coal, or tin ore, along tracks in quite small tunnels ...
I was out of breath half way through this. Please use/add a couple periods in this paragraph.
Also you can keep using the same mining equipment, they will just mine less over time.
And that's why bitcoin is running on borrowed time. There's no way that's a long term solution for anything.
The next few years will see the cryptos that have actual utility take over amd actually build web3
I don't understand how this video proves Bitcoin is running on borrowed time. Is this guy even mining Bitcoin?
@@ralfbo685 don’t think so. I didn’t see his pickaxe so how is he mining?
Hey Bernie Madoff lasted for years so
This is what my friend who says he "mines bitcoin while I slave away at work" thinks his life is like 🤣
it is essential that we find a solution that allows us to move forward with the project without compromising its quality or schedule
Let’s get all comically large magnets.
I think we all know what to do next. :)
go back to reddit
So ur calculating the amount of money he makes BASED ON VALUE’S THAT ARENT RELATED TO HIS MINING SYSTEMS
This has to be the most uninformed and lazy "deep dive" I've ever seen
If this is remotely accurate he has wasted enough money to live comfortably for life
@Epic Gamer he was already a multi millionaire on crypto no reason to take out a loan
Let's think about where he got the start up who's got money on ritch dad becose no bank will lend you that mutch meony for makeing a mine
@@rosevidler1663 he had liquid assets
I like how everyone is blaming this guy for GPU shortages when he doesn't have a single GPU in his bitcoin farm. Bitcoin is no longer mined on GPUs but specialized mining machines called ASICs.
GPU prices are high because of chip manufacturers are working at full capacity and scalpers are buying the only stock they push out.
Asic chips are produced at the same manufacturing plants as gpus because they are technically the same
Math. Mystery that's made you youtuber instead of being in College. Irony, you still need it and you fail. No machine is 100% efficient.
And you apparently don't need grammar in your life.
@@rabbidpotatoegaming4514 he could have something wrong with him or maybe he just doesn't care?...
@@rabbidpotatoegaming4514 legitimately did not understand what he wrote
Clearly went over your heads that’s why you are lost 😂
Idk about that, but i know that this is guy is part of the problem, i cant get a new gpu because of miners
He's a Bitcoin miner which doesn't use gaming GPUs but dedicated ASIC computers
Ethereum & litecoin miners on the other hand....
Bruh he btc miner 💀💀
🤷🏻♂️🤷🏻♂️🤷🏻♂️
Do you know how is a gpu? I think they are in the stores close to your house because you have no idea those machines are not gpus.
You're not very bright. The only reason you can't get a GPU is because Nvidia and AMD both decided to see how much people are ready to pay for GPUs. Here's a big tipcl for you: GPU prices are never going back down.
bruh you need to read more tech news
Safe to say this dude has enough money to stop being so dependent on the power grid. Move on to Solar.
Cheapest option would be build somewhere with nuclear
He is literally outside a wind farm
I mean he moved to wind turbines
Yay?
No bitcoin miner in their right mind would use expensive non-renewable power. They'll immediately go bankrupt unless the hashrate lags behind the value of bitcoin severely (like the peak of a bull market).
“That’s enough to pay 12 power bills”. In what world is anybody paying 13,000$ a month for electricity
Someone running 1300 bitcoin miners? Honestly though, $10 per month per miner thats running 24/7, that sounds low. Its possible hes just mining in some country where electricity is cheap though, which is what some miners end up doing
@@xyzCrake do you know what my electric bill for my 4500 square foot house is a month? 150$.
@@WolfiiHD I'm a power systems engineer who sets up new private small scale crypto currency opts. My most recent one is a lady running 40 machines out of a 16 × 24 ft garage. Her electric bill is around $2000 per month, uses approximately 14,000 KWH per month.
@@WolfiiHD do you even know how mining works or the side energy usage that comes with it like air conditioning?
@@WolfiiHD SHE'S NOT TALKING ABOUT A RESIDENTIAL POWER BILL, she's talking about the power bill for this Bitcoin miners operation.
How much does he owe the IRS? 😂
Wow, killing the planet even faster is soo dope!
Killing the environment is based
Wow, banks are so good for the environment 🤑🤡
Truth is, we humans were fucked anyways
@@fernandofonseca2033 stfu you elon musk fanboy who lost your entire paycheck on dogecoin, how much CO2 does minting 1 bitcoin release compared to minting the equivalent amount in USD, crypto is bad for the environment and due to its high instability will probaly never replace traditional currency
New Mr. Beast video:
"First to find a habitable planet before we destroy Earth wins 1 Milion Dollars"
I still don’t get how this whole mining thing works
@SchnuffelWuffel what is bitcoin transactions
@SchnuffelWuffel what is the point of solving the algorithms?
@@olegb.4604 you are rewarded with bitcoins for solving them. They need to be solved for people to make transactions.
@@THExJMC so it's just waste of energy to get a virtual money?
@@olegb.4604 Sure you could look at it that way. If bitcoin was worthless it would indeed be a completely useless waste of energy to mine it.
Greed will doom the human race but enjoy y’all
Peoples been saying that since the beginning of time, and yet we're still here.
What? Creating blockchain infrastructure is greed? Maybe envy like you have will ruin the world before hard working people like him do.
These guys pollute the earth enough to completely neutralise the effect the diesel ban would have
Yeah, people would do anything just to become rich, they thought that it's fine for hundreds of mining machine to work 24/7 producing bitcoins and co2
Bullshit
The amount of effect this has on the environment is ridiculous...I wouldn’t be proud to make money this way
If it was you making that kind of money you would be thinking differently.
@@TheGuy.......... no I really wouldn’t
@@mrziggyzaggy113 okay 👍
He could have made alot more money just investing that million in 2019. Bitcoin went to 3k at the lowest
Unfortunately he's not from the future
I have a friend who mines with 2 miners and he makes about 330 for both. In other words, about 1/5 of what this guy does.
Most* *people* *think,* *Investing* *in* *crypto* *is* *all* *about* *buying* *coins,* *then* *leaving* *it* *to* *rise,* *come* *on* *it* *takes* *much* *analysis* *to* *be* *a* *successful* *crypto* *trader.
I've made *$16,000* in 2 weeks of trading. With a capital of *$3,400*
OMG!!! *$16k* how's that possible. What's your strategy?
I also trade with Mr. Harmon, haven't you heard of him?
He is the best to trade with.
you should go on long term investment. I'm a long term investor, I started at the beginning of the year with $10,000 presently I'm having $103,700 on my dashboard, it takes patience.
Wow..!! that's amazing, please how do I started trading with him?
This is the real life equivalent of an AFK XP farm
The heat out put from that alone is ridiculous not to mention that crypto is not backed by anything
>not backed by anything
It's a moot argument at this point because virtually all currencies in the world are fiat
@@DreadPirateRoberts121 Lets so gold for instance. A "rare" mineral used to display wealth and power can be used to trade for other valuable goods or services. Fresh water could technically be a currency too yet crypto has no real value or power. Someone from a third world country wouldn't trade any of their possessions crypto as it has no use to them as it worthless. The construct of something being a currency is supported by something of value.
Youre also paying for his mine considering this is why electricity prices skyrocketed. Maybe not his mine specifically but it certainly is cryptos fault.
Nope, it's due to eletric car investments + pressure from Oil energy sources.
He might be rich, but id rather be broke and without a gpu, than be hated by most people lol.
GPU? Man you gotta check the video again before commenting
@@ardanidk you’re saying he isnt mining with gpu’s?
@@ardanidk ahh bitcoin.
@@i25island46 well yeah those were like an actual mining machine that produces co2 so it's still bad
@@i25island46 it's more efficient to mine like that and it's way cheaper, so people that mine using GPUs are just like bullies on school
His greed is the reason why hundreds of thousands of human out can't build a pc nowadays.
the fuck, how does that make sense, dude making money, by your logic, making a good amount of a money is bad because greed, him making millions does not have to do with people becoming homeless
Geez so many people trying to cope in these comments. Also, he isn't using GPUs, so ur good. Find someone else to blame, like maybe... Scalpers?
Or eat
@@randomguy2472 when you got 8 billion people whos only goal in life is to reach that level yeah, sustainability becomes a problem for everyone else not born into that club. Tell me if everyone can be kings, who will be the cook? You guy will see the real winners when this monopoly game starts wraping up. And it aint us😂
Not a single one of these computers use a GPU.
I’ve scrolled through so many of these comments and I’m shocked to see how little comprehension there is to that. There probably isn’t a single graphics processor, new or old, in that entire warehouse unless the dude has a PC in an office.
I know it might be a hard initial bill but this guy could save a ton of money by putting up his own wind tower and/or buying solar panels
He can also use the heat generated from the farm for keeping a greenhouse warm should he decide to do so.
I think miners need to find ways to power their mines with sustainable energy somehow. Some miner needs to spend some of that money back into getting solar power or something, this way they can half their power consumption from coal based power.
I don't think sustainable energy can produce enough energy to power that stuff. I think it would be better to have a small nuclear reactor.
Jesus people find anything to cry about
Why when they can just pay the electricity bill lol
@@renragged even 10% will be 7.5k $ which is still a lot of power. Almost 60+ household's worth. Trying is worth it.
Up to 75% of bitcoin mining is done on renewables
The new rtx 3050s where supposed to be around 250usd. People like this (and scalpers) are the reason it is 950usd
he’s not using gpu’s tho
"He could pay 12 power bills". In my country it's 10 times or more to be exact.
In my country 12 power bills are about 300k U.S dollars😭
Don’t even ask this guy about cable management
Remember: it's always okay to walk into a bitcoin mine with a magnent
Why?
The level of greed humanity has when people have limitless money never ends, imagine having almost 2 mill to throw at a mine, the average human could live 20 years on 2 mil
Where are you getting 20years from😂
Then spend your money on them, don't tell other people what they should spend their money on.
It's called investment. If you keep your money to yourself, chances are it will end. Just admit it, you are jealous
@@joaopaixao5499 why would someone be jealous of what a random person has?
@@joaopaixao5499 why would someone be jealous of what a random person has?
I don't have the slightest idea how you are supposed to "mine" something digitally! What actually is that, where are those coins coming from and who gave them such a ridiculous value??
That's is exactly what I want to know also
from what I gather, a lot of major cryptocurrencies have different algorithms to accomplish similar tasks. for Bitcoin, all this energy and effort is basically to create more room, or 'blocks', for decentralized transactions (an alternative to your normal bank, just without a single entity in control). when you receive or send bitcoin, you're paying a fee typically to the exchange and the miners which gives them some incentive to keep mining regardless of if they discover a new block or not (you can get a bigger reward based on sheer luck for finding a random hash that unlocks a new block for people to build upon). the price of the coins are typically driven by supply and demand as you can pay more for a transaction to occur sooner and the crypto initially sets how many coins are in circulation. Bitcoin wasn't really made with the thought that we might mathematically run out of space, so it'll be interesting to see how people deal with that problem in the future
@@Kaxon I still don't understand a single thing. So in plain words. Is there anything of actual worth being created ?
@@Thermalfusi0n yes there is something of value being created, the amount of processing power required to mine a bitcoin gives its value.
@@kda3113 so its just value that everyone decided to give it. Like money ?
Why would I be making 30k monthly on GorillaGPUs online mining service and still want to use these machines that create noise and needs heavy maintenance? I am glad I sold all my helium and bobcat miners when I started with GorillaGPUs.
Income is a necessary aspect that many people do not have. Especially the guy who is showing off his whole gpu
Those are not gpus. They are ASICS.
@@jeffsteyn7174 I think he’s talking about all the “bo way he’s making this much my 3090 doesn’t even make half this much” comments