Leaving Crypto Mining Behind: My Experience and Reasons Why

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  • Опубликовано: 14 май 2024

Комментарии • 49

  • @valentin3186
    @valentin3186 2 месяца назад +4

    Important emphasis on mental health part, keep rocking man
    It's been great watching you through bears and bulls

    • @Financial_Failure
      @Financial_Failure Месяц назад +1

      It’s always great to see someone comment exactly what I was thinking… you take the time you need man. Mental Health is key 🔑.. some would say it’s the private key because we usually keep it hidden… but shouldn’t

  • @Nationrising1
    @Nationrising1 2 месяца назад +8

    Thats what i did just shut it down. Gpu mining is hard work.

    • @ProficientEnough
      @ProficientEnough 2 месяца назад

      Yep. I shut down during summer. It's too damn hot here in the summer

  • @john__lemon
    @john__lemon 2 месяца назад +5

    Wise words from the goat

  • @nFluxMining
    @nFluxMining 2 месяца назад +1

    I agree 100%. Electricity is cheap when you just turn the equipment off ;) There have been long durations that all my hardware has just been turned off. I already own the equipment, I just flip the switch when it's profitable to do so. Best of luck to all. Whole lotta fun in store!

  • @benwp4179
    @benwp4179 2 месяца назад +1

    Perfect video. Its important to take mental breaks. Crypto right now is alot to follow. Take care of your health first out there.

  • @user-bh9yk2wv4w
    @user-bh9yk2wv4w 2 месяца назад +1

    Thanks SOAT, this has been on my mind. Just finished a sea can and have spent so much only for profits to be gone. Eating all my hydro right now. Super hard place but F it I’m too deep!

  • @karlnotlenny1
    @karlnotlenny1 2 месяца назад +3

    Wishing you the best bro 💪

  • @YsMining
    @YsMining Месяц назад

    Yep, that's what i did. Just got a few asic's going and parked the gpu's. Feels good for now.
    Good response bro. God bless

  • @roberte.wilson5213
    @roberte.wilson5213 2 месяца назад

    I took a break. Was in the middle of a move to new property and did not feel i had time to tinker with the machines. Now i have more room for solar and more room to expand.

  • @instantchiro85
    @instantchiro85 2 месяца назад +2

    Great advice I flow in and out of mining on a large scale and now with solar it’s just easy to mine nearly all the time with last gen ASICS. Solar means everything is profitable

    • @charlesbrock5172
      @charlesbrock5172 2 месяца назад

      Tru Dat shit

    • @SonofaTech
      @SonofaTech  2 месяца назад

      I haven't gotten to that capital level yet.

    • @instantchiro85
      @instantchiro85 2 месяца назад

      @@SonofaTech it’s not that far away. DIY install of eg4 xp6000’s surprisingly good value. 18 month pay back. I’m doing a video on it on a different channel so it may be of interest. I’m not an employee of eg4

    • @BLEACH500
      @BLEACH500 2 месяца назад

      I got 8000 watts I’m burying the lines in a few days after i mow down the 2 foot of grass from not cutting it since last year its the only way i could see mining making sense even at 10 cents a kilowatt hour

    • @BLEACH500
      @BLEACH500 2 месяца назад

      @@instantchiro85thats what i got its max is 8000 watts 4000 each charger

  • @remoteinllc
    @remoteinllc 2 месяца назад

    Love it brother. Mining is a backbone support line for most currencies. That's why I never give up, even though I may break even on a month or 2. God Bless.

  • @AnothProudAustralian
    @AnothProudAustralian 2 месяца назад +1

    Now would not be a good time to sell regardless. At least wait until the very end of this year when BTC is near it's highest point. That's when people will be buying gear from their fear of missing out.
    Personally, I'm still acquiring hardware. I have gear still in boxes that the farm can't use yet. Adding more solar next month. I agree with the good captain 100%. Put it away but don't sell. At least not now.

  • @SevericK_BooM
    @SevericK_BooM Месяц назад

    I’m in same spot, financially I definitely don’t need to sell my stuff. So, I’ll just hold onto it for now

  • @about46squirrels
    @about46squirrels 2 месяца назад

    is rocket chat still a thing? was thinking about getting into mining again...

  • @xxginxx007
    @xxginxx007 2 месяца назад

    i havent see your vdo for long time damm u got a beard look great

  • @santiagoferrari1973
    @santiagoferrari1973 Месяц назад

    Im happy for you.

  • @dsflat6785
    @dsflat6785 2 месяца назад

    Statista has a chart that shows historical BTC MCAPs and percentage yearly returns which would be better for a video like this.
    Bitcoin Cash looks like it could be following BTC and just be a couple of cycles behind, which is when BTC saw it's best gains 🤔
    BCH is up about 300% in one year, more than twice as much as BTC...
    Maybe mining a few BCH and sitting on them waiting for a mega pump could be an ASIC miner strategy ..

  • @trailerminer9650
    @trailerminer9650 2 месяца назад

    I got rid of most of my Asics because it troubled me to always buy the little ones because I can't afford the big ones and I have high power and then ultimately the yield just kept dropping but going to hold on to my GPUs and CPUs for the future

  • @all4uminers587
    @all4uminers587 2 месяца назад

    Thanks ❤

  • @Miner_001
    @Miner_001 2 месяца назад

    No break, 20 hours of 24 only crypto until "Lambo"!

  • @samtemplar
    @samtemplar 2 месяца назад

    C. U. Next. Tuesday. I see what you did there. Nice.

  • @BoneyardLabs
    @BoneyardLabs 2 месяца назад

    Plus, if you sell your gear and have previously depriciated it for taxes, selling it off is yet another taxable event. Just hold onto the gear if you can.

  • @CYBORG_78PL
    @CYBORG_78PL 2 месяца назад

    Will do 👍

  • @bartekmedes8281
    @bartekmedes8281 2 месяца назад

    Selling your stuff is gonna become the problem as alot are doing that

  • @tugrulserhat
    @tugrulserhat 2 месяца назад

    I'm just stacking coins that are sure to go up on bull run like flux and paying electricity outta pocket. doing some maintenance on gpus every now and then, and waiting.

  • @royzhou8344
    @royzhou8344 2 месяца назад

    We are in this together ❤

  • @BaconEggsAndHash
    @BaconEggsAndHash 2 месяца назад

    I'm not gonna lie I'm seriously thinking bout doing that..Definatley need a break

  • @TotaleCryptoMining
    @TotaleCryptoMining 2 месяца назад

    Sage advice

  • @vishnukumark6757
    @vishnukumark6757 2 месяца назад

    well said

  • @tuberworksjones
    @tuberworksjones 2 месяца назад

    its very sad

  • @TheMiningCabinet
    @TheMiningCabinet 2 месяца назад +1

    I fell for the clickbait title. Lol

  • @Jazon2901
    @Jazon2901 2 месяца назад

    Homeboy got the cauli, you still training mate?

    • @Jazon2901
      @Jazon2901 2 месяца назад

      Oh I forgot, you got a blue belt. You must of definitely quit by now ha ha ha jk

  • @geemogul2149
    @geemogul2149 Месяц назад

    Shit must be bad out here

  • @Ethan_Mcfly
    @Ethan_Mcfly 2 месяца назад

    I just buy for now cause I'm making 0.1 profit a day mining it. And... I don't have to deal with heat

  • @moneytree5780
    @moneytree5780 2 месяца назад

    Bro got more healthier.

  • @Quickcat21MK
    @Quickcat21MK Месяц назад

    You look like your using drugs. They have places you can go an get help dude. All my friends I grew up with are no longer here. Wish you well. I have no other way to say this. Get help. Its totally do able. Your the one who helped me tune my windows with all your tutorials on that operating system. Lets go man. Lets go.

  • @MrThebigcheese123
    @MrThebigcheese123 2 месяца назад

    Jesus Christ. You ok man? If this is what mining does to a man. I am glad that I set up my Micro Electronics repair business 3 years ago instead. We have two apprentices now and a genuine customer base who want to support us. The world of Crypto is a joke. I made about £800 mining Ethereum during its peak and decided to get out with a small profit. Not worth the stress at all.

  • @Van-Tamme
    @Van-Tamme 2 месяца назад

    1 day and so long beard already lol?

  • @MaxMustermann-yj1wz
    @MaxMustermann-yj1wz 2 месяца назад

    Ethereum is gone,there are only shitcoins to mine