Why I'm Concerned about GPU MINING in 2024!
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- Опубликовано: 2 июл 2024
- In today's video we discuss, Are you GPU Mining in 2024? If so, we have a Ton to Talk about!? But let's start by Recapping 2023, What we were GPU Mining in 2023? What success stories do we have coming out of GPU Mining through the Bear Market? Where did we lose money Spec Mining into different Projects that Popped Up? Finally let's talk GPU Mining Hardware? Did you Double Down during the Bear Market and purchase more Graphics Cards? How many of you are considering buying the New RTX 4000 Series for Crypto Mining? Enjoy today's video talking GPU Mining in 2024!
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#bitcoin #gpumining #cryptomining
📺Video Chapters and Content:
00:00 Are you GPU Mining in 2024? Let's Talk!
00:08 Giveaway Time! Listen Up!
00:20 When I Started GPU Mining
01:02 Today's Video Sponsor ASIC Marketplace
02:00 What Should I Be GPU Mining in 2023?
04:30 Getting in on GPU Mining Projects Early and Filling My Bags
05:30 There are a Few Projects that were a Total BUST!
07:30 Alephium looks Promising, But is GPU Mining Dead for it?
08:30 Today's Video Sponsor Coin Tracking
09:00 Doubling Down in the Bear Market is a GPU Mining Lesson I Learned!
09:50 Diversifying your Crypto Mining Hardware is KEY!
10:30 What GPUs I Purchased Recently for Mining?
11:40 I Want to Buy More Graphics Cards!
13:40 Are you Buying the RTX 4000 Series GPUS for Mining?
14:50 GPU Mining in 2024 is Concerning for Me.
15:30 How to Enter the Giveaway for the GTX 1070 TI
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫- I am not an "Expert", I am learning along the way, just like you! Please do your own research, come to your own conclusions & make your own mistakes! I am NOT a Financial Advisor, please always take guidance from Professionals. Everything on this channel is for Fun as a Hobby and Entertainment for you, the viewer. 
Наука
Congratulations to @jonathanwilliams7387 for Winning the EVGA Geforce GTX 1070 TI FTW2! Please e-mail me at thehobbyistminer@gmail.com for validation and I can get your New Graphics Card Shipped to you!
I am the same way when it comes to hardware, I get what I need to make a rig and then get the card's when I can. Picked up 3 cpu's to make 3 cpu mining rigs all 5900x and looking to build a 7900x cpu rig before I get back in to getting gpu's, as picked up a B250C 12 usb mining motherboard which I would like to fill up as no cards on it as yet plus need psu's to power everything as well as a server case to house it all.
why does no one talk about gpu renting in a platform like clore ai or vast ai?? i currenty making about 6.5$ per day from a single RTX4090 and i think this is very profitable!!!
If you have a 4090 then run it. But I can't make a 4090 pay itself off inside 3years even getting 6usd per day.
@@BlackCoinCrypto wow what is your electricity rate? 1$ per kilowatt?? you can’t pay off a 4090 with 3 years of 6.5$ per day? 1095 days x 6.5$ = 7117.5$ minus electricity 🧐
Nosana looks really promising for renting gpu its a project on solana !
For how many hours per day do run it?
How or where do you find the newest, emerging coins?
We are giving away the EVGA GTX 1070 TI FTW2, to enter:
1. Post a Comment with #gpu2024 in the comment.
2. In that same Comment post your thoughts on GPU Mining in Early 2024
1st to do it right 🎉
Ty for the shoutout 👊
The first week for KLS I swapped into BTC while it was available on trade ogre, then swapped for KAS on unmineable until there was another coin with a better $rev/watts ratio.
For GPUs I stacked 2080Tis for ~ $250 each since they performed like 3080s on core algos and didn’t differ so much on efficiency. Also it was more worth than a 3070 at the time and is holding its value because of the 11GB of VRAM
Recent bought a stack of 4070 Supers since they are the best $/Mh/s at MSRP for 40 series while adjusting for efficiency (on kaspa-like core algos). They also have GDDR6X so they should perform better on memory algos too.
Been kinda rough GPU mining ngl, but we made it this far, and times are much better than post ETH merge ✨💪🏼
2080ti is the underground king!
#GPU2024 we are entering the bull run as we can see hardware price is going up! Love all your video
2023 was my best year mining by far. I was dual mining ETH/ALPH since March of 2022 and than after the merge put my whole farm on it and bought when it dropped to $.05. I also mined Spacemesh from Genesis and managed to grab a nice bag in that too. Epoch 3 paid something like 1,000 smh per TB... I think 2024 is going to be even better 👍
I'm right here! I've recently purchased 10 x 6600xt's to get involved in the Kawpow Hype!
Where? I'm looking to buy these
As a gamer I cant wait for GPU mining to be super profitable again. Waiting for a GPU mining revive so i can sell my 4090FE for $2.5k to some suckers 😂 then sit on my new/old 3080 i bought for just $400 yesterday on a second build 😂 then wait for the next crash and pick up like a rtx 6080 or 6090 years from now for 1/3 the price and then sell the 3080 on the next surge. I'll always have a new old card that does the job without dipping in my wallet. Just flip at the right time. I will never forget flipping an R9 380 i bought for $75 and sold for $325. Been hooked to flipping since! I dont need the best card right away when it comes out. I'm patient. This is all just a slow game.
I'm really excited about Neurai and Nexa, specifically Nexa with their experienced team and their work with Bitcoin Cash. Great video!
#GPU2024
Yeah I just got a good deal on a rig. 3 3080, 1 3070, 1 3060 ti, 2 1660 supers, all in a $500 server case. Also bout 2 more 3070 and 2 5700 xt for my amd rig. Getting a 30a 240 intalled tomorrow as well. Most likely will sell the 1660 and buy a 3070.
#gpu2024 i think that major farms that have cheap electricity will do well in GPU mining - I'm excited about flux because of their parallel assets with them adding Bitcoin as the newest one. Not sure if there are AI projects that are similar to midjourney/stabledifusion or other tools like that but i would see them doing well in 2024 and onward the better they get, especially if you can create a token that monetizes people's GPU farms to create stuff through computation on the fly without needing any hardware or to make an account
How do you find projects early to mine with gpu
3 years ? crazy would love to know how long i been a sub for time has pass very fast since.. happy days hobbyist miner..
SOAT has it right(since end of 2022), the name of the game is find a project, fill a bag, HODL. Other than that there only short-term months of good profitability with GPUs and as you said, its pops off one coin then another.
Can you explain how to get meta mask to display HYP instead of RTH
I started off with 4070 mining watching your videos.
I'm still new to all this as I just set the rig and left it alone.. but after hitting $500 I'm more interested.
What's the benefit of using say 6: 3060s compared to 3: 4070s?
I know 4070s are about double the price.. I assumed it would be double coin and haven't came across a comparison
Picked up 8 4060ti under MSRP. They are crushing core algos and I am using unmineable to auto swap to other coins. It is working beautifully. Gpu mining in 2024 is going to be awesome imo. I believe there will be many very profitable coins to chose from. #gpu2024
Thanks for the vid Hobbist. I am actually excited for gpu mining in 2024 #gpu2024 and because of my home owners assoc, I am not able to set up a shed. My thoughts is to set one up inside my garage as a self contained mining farm where it would reduce the noise of the miners. I can pick up a shed for less than building a room in the garage. It would mean I have to keep my car outside but that would be a nice trade off to set up a good filter system in the shed.
Always wondering where this will lead
#GPU2024, I think mining in 2024 especially here in the Philippines where our electric bill is as high as Php 13 ($0.23) would be exciting, a lot of risk-taking but hopefully very rewarding by the end of 2024. Not just monetary rewards but as a hobbyist. All we need to do is focus on our game plan and pray that all our perseverance will be rewarded.
Great video #gpu2024 excited for gpu mining.
im mining ergo because I like it does not heat my gpu as much as other coins.
Im with 12 gpu right know but I got like 30 gpu mining ethereum back in the day, now im getting as much gpu as I can with these bear market prices. Hopefully it will be worth by the end of the next year.
Plus I don't pay for electricity.
Nows a good time to mine ERGO, higher yields. Not as popular anymore. Great time to build your bags.
#gpu 2024. Keep stackimg bags no matter the profitability!!!
#GPU2024 I am all in on GPU mining at the moment. What scares me about ASICS is that they will eventually be bricks. KSO for example. Instead of buying one of them, I would rather buy a 4070 TI, which can earn just as many Kaspa through unmineable per day, but also have other uses in the future.
THM awesome to see/hear how you have been learning and improving over the years, congratulations you are on the right track brother! BTW for me I have never sold any of my earned/mined crypto since 2014, when I take profits its just swapping out of that given coin to USDC or USDT then buying back in to that same coin when it has a major pull back and the rest goes into BTC at what I feel is the right time, but yeah never sold crypto to Fiat. #gpu2024
BTW to be clear only coins I mine I do not sell since 2014, however I also do crypto trading and to keep the two separated for tax reason i only use fiat to buy crypto i use for trading, and when i sell back to fiat after 2+x gains i only pay short term gains tax, but the mined crypto I am holding until I retire so i only pay initial cost basis for income on that crypto, then long term gains when i do end up selling in the future.
This guy knows whats up. Listen!
Sounds like you made a decent profit. Still can’t afford a decent haircut😂
Just got into mining and found pepe incredibly easy. Im only using a gtx laptop, and it's been smashing
Been mining for about a year with 3060/12 and a couple futurebit units. #gpu2024. I like the 30 series and thinking about adding another. Thanks for all of your input and videos.
Still here , never stopped gpu mining 🚀
0:35: ⛏️ Challenges and evolution of GPU mining discussed, with a giveaway announcement.
3:33: 💡 Early successes in Caspa and Neoa mining, along with profitable investments, are crucial for GPU miners in 2023.
7:08: ⚠️ Potential challenges with Al lithium mining for GPU miners in upcoming years.
10:32: ⛏️ Growing GPU mining activity in recent months, focusing on specific GPU models.
13:33: 💻 Prefer 3000 Series GPUs over 4000 Series due to concerns about high electric usage.
Timestamps by Tammy AI
#GPU2024 - GPU mining was dead in between Dogecoin and Ethereum and felt very similar. Although many coins are minimally profitable now I believe we will narrow down some winners or a singular winner very soon. Profits will rise as bitcoin rise. GPU mining will be great again in later 2024.
What is a good GPU Server case that you recommend?
I highly recommend the VTretu GPU Mining Server Case geni.us/BasicGPUServerCase
@@TheHobbyistMiner Thank you, what is a good mining software to manage rigs?
#GPU2024 I think 2024 will continue the kawpow trend for gpu mining... And I believe we are about to see gpu prices skyrocket again until the next bear market.
4070 are killing in in Australia where elec pricing terrible
#GPU 2024
I really appreciate this video. I’m just now building my first rig with an RX 580 you gave me a lot to think about.
Thanks for the info about your taught, I think gpu mining will do really well in 2024 with all the mineable coin out, there is no way they will all go down, sounds like a healthy time for gpu mining. #GPU2024
nice video and analyse, I keep mining Alephium, I hold almost 2 years the coins, I stopped Kaspa GPU and Switch to Iceriver Asic. much more efficient let's what will be the next gen of GPU mining
#gpu 2024
Building an AMD 12 GPU rig now, trying to decide what to mine this year. GPU#2024
#gpu2024
Now is the best time to start with gpu mining. I’m starting gpu mining right now and at the moment I’m mining PYI on 4 AMD cards.. at the end of the month I’ll get my first gpu rig… I’ll love it!
Keep it up with you’re content 💯
#GPU2024 This is just the beginning of a wonderful ride. My prefered card right now is the 3060 ti. I just love them!
#gpu2024 so far GPU mining has been really good for me. Been buying a ton more supplies and am getting ready for the bull run. I bet it’ll come sometime this year! Can’t wait
#GPU2024. It’s going to be a rollercoaster. A fun ride!
Kaspa was 2022 AND early 2023 for me. RXD and Alph was 2023 and 2024 is KawpOW and Alph #gpu2024. I've picked up a bunch of 6700s and 6800xts specifically for KawPow.
This guy knows whats up. Gotta be early, not late!
#gpu2024, I am still buying 3070, crazy efficient card. 2024 will be a good year I think.
Can you give me the specs on the server case fans? I have a server case I bought years ago but the fans aren't strong enough, I want to replace them but I don't know what to replace them with.
Here is everything I have from the Amazon Listing
geni.us/BasicGPUServerCase
#GPU2024
Still buying gpus. Repasting and padding some recently picked up, used gpus today. Grabbed a Vtretu case, thx for the video on it! First move away from open air rigs.Gotta fill it now!
I picked up 2 3060 12 gb for $175 each. #gpu2024 thanks for the awesome content!
Just made my first rig. Got about 4 cards with some amd and nvidia together. This 1070 would fit right at home there. I'm excited to see my profits increase slowly as I think 2024 is gonna be a great year for crypto! #GPU2024
3070 is my favorite.
I think our best hope for gpu mining is AI. Something like Dynex.
#GPU2024. I feel like GPU mining will never die simply because most won’t buy an asic for every algo they want to mine, don’t lose focus of why you started this journey, keep pushing on. Versatility of GPUs will always win over an asic built specifically for a single pump and dump coin. ❤❤
Diversify, diversify, diversify.
The project I got involved in late 2023 and will continue to build my bag in 2024 is DYNEX...The project, it's use case, and roadmap are very promising...It's lower power comsumption and easier on you GPU's than other algos plus they pride themselves on being FPGA & ASIC resistant...Long term I think it's got a great future and it's currently a project that's under the radar as many "Profit Hop" from coin to coin...Nvidia GPU'S are currently fairing better than AMD GPU'S at the moment but as more Miner Support comes online I suspect that will change...Best of luck to all us GPU Miners in #GPU2024 no matter what project you choose...Here's to building your bags, CHEERS!!!
I’ve been mostly hashrate/difficulty chasing solo mining existing coins to stack while attempting to profit chase newer ones with a few cards. I sure do regret selling my Kaspa off a year ago thinking it was stale. I got on it early due to Son of a tech and got tons solo mining. Fingers crossed I can do it again on another coin. I’m building another rig currently. #GPU2024 to the moon. WenLambo
I believe GPU mining is going to hit record highs by the end of the year, just the simplicity of mining compared to the last bull run. When you can get payouts in non minable coins or just mine one algo and the system coin hop you as needed it benefits everyone. #GPU2024
I'm super excited for mining again, I think we are gonna see higher profits each month that passes in 2024. #gpu2024
#GPU2024. I'm running my first strix oc 4090 and will in time start running multiple GPU systems to be able to start buying asicscor whatever you think is the best at that time. Thanks for your great show. Love it!
#GPU2024
For gpu mining, I really do believe we will follow the 4th cycle regarding the Bitcoin halving. When Bitcoin gets attention, so does all crypto including gpu mineable ones. As an added bonus, the use of gpu for mining makes for a greatly more decentralized network and when people realize this over time, attention is likely to shift to those projects instead
#GPU2024
Bulls are coming this 2024 for GPU Mining like good all eth times! 😬
#gpu2024. If you buy 40 series to mine, you should definitely update your fire insurance policy. Those cards are all but garbage, unless you can correct the power delivery issues. I started mining back in the boom days of eth, same as you, and all of my rigs have lain dormant since the merge. Sept 15 was the last time my 86 gpus have been turned on. 3070 is still one of the very best cards ever made and I'll continue to buy them
I have three 4070s and one 4060ti and they've been running 24/7 6 plus months. They run soooooo much cooler than any of my 3000 series cards. But I wouldn't buy anymore at this point.
@@jgreat4785 I wouldn't trust that new 12 pin plug. It's notorious for meltdowns. If I ever did buy any 40 series cards, I would convert them to pci power for safety. But for me, 3070s are proven and don't catch on fire so I'll just stick to them
#GPU2024 mining in 2024 will be the fight for profit , just like 2023, a few coin pumps , but nothing that will really make a difference … best regards from Portugal , EU. I have been watching your videos for years. Thank you for your time
I've pickup a 4060ti for it's power efficiency so #gpu2024 is the way to goooooooo
#GPU2024 I'm all in on keeping the GPU's chugging away. Of course, I also don't think I could ever pull the trigger on an asic because of cost. But I think web3 and depin is what's going to be hot.
#GPU2024 I am very Bullish on GPU Mining in 2024, seeing as, that's all I have at the moment since 2021! I am currently mining Nexell-IA, hoping for a pump! 🙏 Love you all and Happy Mining, fellow Miners!
I have been mining on my gaming rig (3080ti), but really wanted to get my first mining rig this year, unfortunately can't really decide which route to go for, thought about 40 series but too expensive, AMD 60 series looks good for all those kawpow coins but other than that there's little support for it and finally there's nvidia 30 series but can't find any good deals for those too. I guess I will just have to roll the dice 😅 #gpu2024
#GPU2024 - Just turned the miners back on recently and still hunting what will be profitable or what to stack in 2024. Have a KS0 pro which is doing great with the uptick right now... Stacking some Nexellia while i figure out what to do with a RX580 rig
#gpu2024 I just finished my 2nd rig. My plan is to build 2 more (8 gpu) rigs in 24. I cant wait to get it going but have to accept and respect thiss a slow process. I do feel a bit uncertain about where things are headed but its no problem because we're all in this together. I'm confident we'll find our way through the fog.
I'm considering a Gpu rig . Or another asic. I'm with you on the convenience of an asic for simplicity . #gpu2024
I'm looking at the Raven memool, and it has 5 TX. People aren't using it, they're just holding and hoping it's the next BTC.
#GPU2024 - LFG keep up the good work. I think gpu will bless any project before companies invest into fpga or even asics. Therefore, we are the ones that give it a stamp of approval before companies invest. We have the power as a community.
For this year Alephium until Asics come out & Ergo is gaining in Value as well as Ravencoin.
As far as 4000 series GPU I am planing to buy 4070 Super & possibly TI super bc those are the max lenght Cards which fit into my server Cases. I unfortunately had to sell of over 14 Asus Rog Strix 3070 which had after bios update way to high temps, even after i installed -20 watt Thermal Pads & -50 watt KPC cooling paste. I bought some EVGA 3070/Ti cards which i really love but the cleaning and complete redo of all thermal pads & paste is first not cheap & even for me as someone skilled in GPU Maintenance takes per Card 1.5 up to 3 hours bc of the nuts on many screws on EVGA Cards. I would like to buy EVGA 4000;series Cards but they don’t exist so buying new MSI rtx 4070 Super Gaming x trio &/ potentially TI supers seems the best & quickest way to get as many Server Rigs up and going. For me custom 120 Volt bc i don’t have 240/Volt still living i an apartment
#GPU2024 looking forward to more price appreciation. 2023 was always on the border of losing now, profit later. I was fortunate enough to throw my farm at KAS before 2023
#gpu2024 In the bear market I picked up 48 x Rx 3070’s, 48 x Rx 6700xt’s 24 x BTC-250’s and 24 x Rx 6800’s my powers maxed my bags are packed with alts now I’m just trying to stack as much BTC as possible. And I still keep my eyes out for new spec mining options.
ive bought 2 gpus so far and tomorrow I'm getting like 12 more
#gpu2024 excited for these new projects flourish into the bull run and continue mining stacking my bags
#GPU2024 RXD, Alph, CloreAI, NeurAI, Kaspa 2024 and beyond
Suspect till H2, 2024 will feel like 2023 for GPU mining. Need bitcoin to set the way with the halving and the Fed to cut rates to set the risk "on" signal so we really get "new" money and interest in crypto. But still very very bullish for 2024/2025, for those that are still around and paying attention this is a great opportunity.
#GPU2024 i am enjoying it as a hobby and want to extend my GPU rigs.
#GPU2024 used 3070 seems to be the sweet spot for price/efficiency
$300 used, can't beat it
#gpu2024 this is my first year mining! Have a small bag of alph nexa and just turned my rigs to mining nxl!! Let's hold off the bullring for a year please!!!
Gpu mining was chasing new releases and low difficult coins even back in 2014 I don't think it's ever really changed.
#GPU2024 I've been mining a lot with GPUs past few years but unfortunately my energy rate went up so much and nothing is profitable for me. I would love to go back for GPU mining as it is a lot fun. I completely agree with you The Hobbyist. Love it. I think this year 2024 will be big surprise.
#GPU2024 Haven't really ever done any crypto mining before. Watching this video really helped me to understand more of what I'm getting into. Thanks for the vid and hope you keep posting more!
#GPU2024 I think the flexibility of gpu mining is what sets it apart and will sustain this mining capability into the future
#GPU2024 CPU gonna take the profits
#GPU2024 I think it will pick back up and I’m hoping to kickstart my mining journey soon! Good luck with yours
#GPU2024. I think GPU mining going into 2024 is complex and depends on if you need to sell to cover mining costs, your holding, or if your spec mining. I think it's a good time to still buy GPU's. I also know there are some coins that are profitable and only able to mine with GPU's. Nobody has a crystal ball, and only time will tell. Really great question for everyone.
#GPU2024 as a small home miner im finding that there is no set strategy at the moment. It feels more to me that you have to keep evolving based on your own situation and the current landscape. While hardware has been cheaper, I have split up my single rig after upgrading some older cards. Now I can better balance between speculation, yield, and profitability
I have only been mining a few years and I love it, but still only have 3 #gpu2024 just because the costs of entry, upkeep and growth are quite high. I'm going to keep going and hopefully buy a few more gpu's before the Bitcoin halving, which is hopefully going to have a positive effect on the rest of the crypto world.
#GPU2024 since the merge my rigs have only been off for 2 months. I had 1 rig and buillt my second last winter. Let's hope 2024 is easier for all of us
bro,hive os wants money,enlighten us, is there any other way? :)
#gpu2024 gpu mining will rock in 2024 but I think btc will drop slightly but after that it will rocket. Due to decrease in supply after halving. Love from India brother ❤️🔥❤️🔥❤️🔥.
#GPU2024, I'm still fresh on GPU mining, have a small open air rig with 5 1660s. I'd like to get a couple bigger ones, but I really want to finish this 8 gpu rig first.
#GPU2024 Amazing work on gpu mining. You got me hocked and I'm building my first rig. 2024 will be a year of continued mining on new spec gems to build bags for the ALT season. Then, its building bags again for next season. No looking at daily profits as any coin that has any profit gets a lot of miners and the profit goes down. Keep up the amazing work.
#gpu2024. Going to be a killer bull run for GPU and asic mining for sure! Super excited to see where everything ends up. Mining flux and erg at the moment on my GPUs. Thanks #Hobbyist. Great videos with relevant content as usual.
#GPU2024 ... I'm just going to keep plugging along... rx6600 !!!🤘🏻🍻
#GPU2024 I just started mining a couple months ago and I’m hooked!! I have 2 ASIC Antminer S9 basically running Unmineable right now but really want to get into GPU mining!! Thanks for the chance
#GPU2024 I’m in Australia, we’re coming into winter (slowly), so that should lower elec costs. Paying attention to coins regularly is also a win.
My thoughts on GPU mining in 2024 is to get as many as possible, as soon as possible..
#GPU2024