Mining Crypto 101

(Almost) everything you need to know to get started mining cryptocurrency, as well as the lessons I learned in 3+ years of mining.
PARTS LIST:
Motherboard
GIGABYTE GA-Z270P-D3
amzn.to/2LHt7Kx
Power Supply
1200 Watt EVGA Platinum Power Supply
amzn.to/361x1ol
CPU
Intel Pentium G4400 Skylake Dual-Core 3.3 GHz
amzn.to/3p4jns6
USB
SanDisk 16GB Cruzer USB 2.0 Flash Drive
amzn.to/3qE5PEa
RAM
4 GB Crucial Ballistix Sport LT 2400 MHz DDR4
amzn.to/3bVNxtJ
Risers
amzn.to/362aUxY
GPUs
amzn.to/3937i0B
Parallell Miner Open Air Mining Case
www.parallelmi...
Ledger Hardware Wallet
amzn.to/3bXsJSB
Mining Software
simplemining.net/
Which coin to mine
whattomine.com/
VoskCoin
/ voskcoin

[@furankusenpai9232]

I already share your video to my social media to gain your subscriber
Goodluck Sir

[@charlesuneze4920]

Interesting content, Andy!

[@permitipandyandy]

Thanks Charles!

[@villagemagician1320]

I would love to see one useful application for blockchain. Just one please. It has been around for many years now.... yet nobody, no company, no organization or government has been able to use blockchain in the real world. Blockchain is a solution in search of a problem.
Also great video.

[@permitipandyandy]

www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/?sh=37301837553d

[@kwiatriot6190]

Pretty awesome explanation! I was also one of the people that thought that this was part of some "dark web", but having someone like yourself to explain it makes me have a second thought about it. I was able to get into a few stocks before the "green rush" with much of the same attitude you had about bitcoin. I am gonna have a real think about possibly trying this out as well.

[@permitipandyandy]

Thanks for watching!

[@nathaniellabelle1374]

This is interesting and helpful- thank you Andy. Two questions I kept running into in the ol' melon:
#1 - how long the machine runs daily (is it 24/7 (day = 24hrs) or more like a standard 9-5 day)?
#2 - How often do you have to replace hardware? (if it's running 24/7 there's gotta be some calculation on remaining useful life of the thing and how does that factor into break even?)

[@nathaniellabelle1374]

I.e. GPUs (I'd expect those to be the most likely to need maintenance or replacement when running 24/7) specially if you have animals in the house and fur/dander and what not flying around- gotta keep them clean and dust free- might be hard for me with an open-air system
For this same reason I built my computer with the least amount of fans as possible - using liquid cooling primarily for the CPU and only a few system fans.

[@permitipandyandy]

24/7 and run it till it falls over :)
Been 4 years with no hardware issues. Just keep the fans clean, just like a PC :)

[@nathaniellabelle1374]

@@permitipandyandy thank you for clarifying. This will be one of my new interests once I build the investment fund!

[@prpl__5115]

what about ASICs? a single USB stick miner with an ASIC chip on it can do 70gh/s. it costs $70. i'm talking about gekkoscience newpac miner if you want to look into it. so why are people still using GPU's? please explain :)

[@villagemagician1320]

are you there Andy?

[@permitipandyandy]

Hello

[@villagemagician1320]

hey there, I am wondering why you use linux? I presume windows would work with your setup but would like some guidance here. Thank you~

[@permitipandyandy]

I’m running a low powered cpu and 4 gigs of ram. Windows probably wouldn’t even start up :)

[@DjR3aper]

I have a laptop would it make sense to buy an egpu and put a rtx 3080 in there even if they're overpriced?

[@permitipandyandy]

You’d have to calculate your power draw, see if the laptop’s small power supply could handle it and if you’d be making or losing money after electricity costs.