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Will I buy gpu's for mining with Ethereum moving to proof of stake potentially this year?


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Chapters:
00:00 Will I keep on buying GPUs for mining this year in 2022?
00:54 Ethereum merge is moving away from Proof of Work
01:20 GPU Mining is really popular and profitable
01:51 So will I be personally buying more GPUs for mining?
02:50 Did this 6x 3060 Ti rig pay itself off yet since May 2021?
03:20 GPU prices have come down so which gpus will I buy?
05:02 Does it make sense to buy GPUs right now for mining with Ethereum merge coming?
06:01 We could mine longer if Ethereum merge is delayed
06:20 What coins will be profitable after Ethereum merge?
06:44 What about the Ethereum ASIC Miners?
07:55 Will Ethereum Classic be the savior to GPU miners after Ethereum?
08:15 Will the other PoW GPU mineable coins be good after Ethereum?
08:43 What about Ravencoin?
09:00 What is your Crypto Mining strategy?
10:13 Time in the market beats timing the market
10:30 GPUs have so much value and also kept their value overtime
11:18 You will have to decide what you want to do with what you know and believe
12:07 I am also maxed out in electricity
13:29 DJ Mines I need one of your banners!

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*DISCLAIMER* When it comes to GPU Mining, remember Silicon Lottery! Results MAY vary from GPU to GPU so your Clocks/Undervolt/Voltage shown in my videos may not work for you because of GPU Brand/Memory/Manufacturing what have you. Temperatures and your Cooling methods will also play the part and have an affect. Test at your OWN RISK and do your OWN RESEARCH.

Disclaimer – I am not an expert. This is not financial advice and do your own research. Everything said is from my point of view and for entertainment purposes.

#Ethereum #GPUmining #Nvidia

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47 Comments

  1. I don’t have telegram and whatsapp! Don’t trust any of those replied comments. Don’t get scammed.

  2. Ethereum should stop the merge indefinately consdering the devs have no clue on ultimate date or direction. Imagine buying a house if you have no idea on when you are going to take ownership, months, years, if ever?. Ethereum 2.0 is not what decentralisation is about. You need mining for cryptocurrency decentralisation to exist CORRECTLY.

  3. If you haven’t broke even by now, you never will. Difficulty will squash profitability even before PoS. After PoS you will be stuck with a basement full of quickly depreciating hardware. There will be a race to the bottom for miners dumping their hardware. The time to get out has already passed.

  4. What is something that you wish you did differently during your mining Journey? Also, What do you think about the Octominer x12 with x050 saffire GPUs? I'm thinking of getting into it after being an ASIC guy for quite a while.

  5. Good lord are you wearing ear protection in there?! Has to be well above 80db. Looks great though!

    Managed to get 5x 3060 Ti’s during the GPU shortage new at $399 each no tax no shipping.

  6. With the best card on the market would take 2 years to pay for itself even at todays lower card prices, it will never again be worth it to buy a video card to mine. Best thing to do is well all of them before Ethereum switches. Used card market will be giving vid cards away for years after that.

  7. ETH is not moving to POS anytime soon …its a ploy, they have been saying that for over 2 years to get the "green people" off their backs

  8. I’m gonna buy a mining rig with two 3070 ti’s . Should I do it ? Or is it not worth it now ? Idk much about mining just getting started

  9. Awesome video bro! Thank you for what you do for the community. It sucks so bad but at the same time, as you said, it would be unwise to totally ignore what's coming. Doesn't seem like the world is ever going to go along with POW, unfortunately. Maybe some hybrid stuff like FLUX but I doubt it will ever be as profitable as what we just experienced in the past few years. The smart thing imo is to position yourself according to the most likely of scenarios. I sold about 50% of my GPUs, and invested the money in crypto and staking. Also used some of the previously mined coins to buy a revenue-generating website and a duplex with the rest of the profit made. Basically building more passive income streams while reducing my exposition to GPU mining. I'm still extremely bullish on the crypto sector, just not on the POW tech, with the exception of maybe BTC. The GPUs will most definitely be a lot cheaper after the merge and even if they push it back, the price won't go back up in 1 day so Im pretty sure I could buy all the same GPUs I sold for less. Its basically a win win for me. Naturally, to each their own.

  10. eth is in slow mode will be expensive to move anything forwards there XD … so see us all still mining eth in 2030 😀

  11. Can you tell me how you are able to plug so many rigs into the walls and not breaking your house circuit ? I have 5 rigs and i can't add more because my circuit will break. Love your channel my man!

  12. How do you find non LHR cards man? I'm thinking on going to start a new rig with 1660s … Its just pricewise in europe only worth

  13. We know you're going to make burger / food reviews during the next mining lull Red Panda to help cover your GPU addiction 😉 Thanks for the video!

  14. So once this proof of stakes happens
    shall i mine monero instead?
    haven't decided yet on which path to go
    Cpu or Gpu Mining

  15. Guys. Someone here who knows If the black Gigabyte 3090 gaming oc has the same fans as the Gigabyte 3090 VISION oc? Thanks. And some good site for ordering replacement fans that ships worldwide or europe?

  16. People seriously overestimate their ability to sell their gpus when the merge gets a definitive release date.

    Today you can sell your gpus on the used market to either other miners gambling on the merge being delayed, or gamers.

    Once the difficulty bomb has a fixed date, I'd bet more than 95% of the miners will stop buying gpus altogether. Its too much of a risk.

    This means hundreds of miners will try to sell their gpus to only one possible buyer: The second-hand gamer.

    But, the thing is… these gpus have been around for 2 years. There are not a lot of people looking to upgrade their GPUs on the second hand market right now. They're certainly not going to pay MSRP or "just below MSRP" for those cards. And all the while, stocks are improving on every e-tailer while the price is going down.

    People will be LUCKY to sell these cards for 50% of MSRP. There simply isn't enough second-hand gamer demand going around.

  17. I believe eth 2.0 will be delayed. And I am buying cards when I find great deals and that's it. I found a 580 8gb for $120 the other day.

    Just get another service panel installed and add another breaker…if you feel it's worth the investment anyway.

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