Before you Start Crypto Mining, Watch This!

Ғылым және технология

In today's video we sit down with Fellow Crypto Miner, Content Creator and Entrepreneur ‪@YourFriendAndy‬ to discuss What you Should Know Before you Start Crypto Mining! What you really need to watch out for before you Begin Bitcoin Mining. GPU Mining is a fantastic way to diversify your Crypto Portfolio but comes with a big technical learning curve. So Where should you Begin to Start Crypto Mining? Welcome Beginners, this Video is for you!
Part 2 - Crypto Miners, You Need to Know This! ➡ • It's 2024 and you're a...
Where to Find YOUR FRIEND ANDY
🔗Follow Your Friend Andy on Twitter ➡ / ohhaiandy
🔗Subscribe to Your Friend Andy on KZread ➡ / @yourfriendandy
⭐Need a Safe and Reliable Place to Purchase Crypto Mining Hardware, ASICS, PDUS, ASIC Parts and More!? I Highly Recommend ➡ Altair Tech! geni.us/AltairTech
💰Use Checkout Discount Code "TheHobbyistMiner" to Save Money.
⭐Interested in Stepping into the Bitcoin Industry? Look No Further than Quantum Expeditions! Learn More about their Project ➡ geni.us/QuantumExpeditions
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𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝟏 𝐨𝐧 𝟏 𝐇𝐞𝐥𝐩 𝐟𝐫𝐨𝐦 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫?
📆Schedule Time with The Hobbyist Miner ➡ thehobbyistminer.io/
⛏ New to Crypto Mining, Need Hand Holding?
⛏ Not Sure What to Buy for your First Mining Rig?
⛏ Need Help Configuring your FIrst GPU Mining RIg?
⛏ Looking for Help Setting Up an ASIC Miner?
⛏ Need Help Launching your New KZread Channel?
𝐌𝐲 𝐓𝐨𝐩 𝐆𝐏𝐔 𝐏𝐢𝐜𝐤𝐬 𝐟𝐨𝐫 𝐌𝐢𝐧𝐢𝐧𝐠 𝐢𝐧 𝟐𝟎𝟐𝟒:
🛒PowerColor Hellhound RX6600 ➡ geni.us/HellHoundRX660
🛒XFX Speedster RX6600XT ➡ geni.us/6600XT
🛒MSI Geforce RTX 3060 ➡ geni.us/MSIRTX3060
🛒Gigabyte Eagle Geforce RTX 3070 ➡ geni.us/GigabyteRTX3070Eagle
𝐅𝐨𝐥𝐥𝐨𝐰 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫 𝐨𝐧 𝐒𝐨𝐜𝐢𝐚𝐥:
✅Twitter - / hobbyistminer
𝐉𝐨𝐢𝐧 𝐓𝐡𝐞𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭𝐌𝐢𝐧𝐞𝐫 𝐃𝐢𝐬𝐜𝐨𝐫𝐝 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐚𝐥𝐤 𝐀𝐋𝐋 𝐀𝐛𝐨𝐮𝐭 𝐌𝐢𝐧𝐢𝐧𝐠!
✅Discord - / discord
✉ 𝐄𝐦𝐚𝐢𝐥 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 - TheHobbyistMiner@Gmail.com
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#bitcoin #crypto #cryptomining
Video Content and Chapters:
00:00 Before you Start Crypto Mining, Watch This!
01:00 How to Get Started Being a Crypto Miner
02:45 What is the Best Time to Mine CryptoCurrency
04:20 Best Crypto Mining Hardware for Beginners
07:00 GPU Mining Might be a Challange for Beginners
09:00 The Value of Speculative Mining is Massive!
11:30 Stop Chasing Profitability as a New Crypto Miner
13:00 GPU Mining is a Fantastic Way to Diversify!
17:00 FOMO can be Dangerous!
19:00 Do your Research and Get in Early on Projects
21:00 Diversification is a Smart, Safe Play!
24:00 Welcome Home Crypto Miners!
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.

Пікірлер: 119

  • @TheHobbyistMiner
    @TheHobbyistMiner2 ай бұрын

    Part 2 - Crypto Miners, You Need to Know This! ➡ kzread.info/dash/bejne/n6mVlLOmfs6pmLA.html

  • @YourFriendAndy
    @YourFriendAndy4 ай бұрын

    Always fun to be on your channel THM! Your podcast episode will be out in a week or two. Stay tuned!

  • @TheHobbyistMiner
    @TheHobbyistMiner4 ай бұрын

    What are a Few Things you Wish you Knew Before Becoming a Crypto Miner?!

  • @intownsolarhomesteading476

    @intownsolarhomesteading476

    4 ай бұрын

    Wish i knew more about computers as i have gravitated to cpu mining for now. Learning everything from no historical experience.

  • @thelustymetapod

    @thelustymetapod

    4 ай бұрын

    That you'd let us fellow hobbyist miners down and lose all credibility and appeal by turning into a Voskcoin-level shill that would promote any crap you possibly can, as often as you can.

  • @EricSoulliage

    @EricSoulliage

    3 ай бұрын

    PoS API is not constant

  • @EricSoulliage

    @EricSoulliage

    3 ай бұрын

    @@thelustymetapod Lulz , let's say you where doing real good with crypto , would you feel the need to convince everyone else around ? Well nobody does give a shit once we're "there"

  • @CryptoMeme
    @CryptoMeme4 ай бұрын

    I’ve been in the game since 2016 and this will be helpful to new miners. And I also agree that small box miners carry a lot of value and allow someone to contribute to a network. Great job.

  • @solharvester2341
    @solharvester2341Ай бұрын

    Thank you. This was exactly what I needed to hear. You opened my eyes and now I see what I've been doing wrong and possible stopped me from continuing down a path that would only lead to disappointment.

  • @Stuff30310
    @Stuff303104 ай бұрын

    Having just started this last 7 days gpu has definitely been my starting point. I appreciate this video a ton you guys are great thank you

  • @fordybcoin
    @fordybcoin3 ай бұрын

    Great content Andy & Hobbyist i must say .this tho the crpto mining community is best .for helping people out .thanks guys .most definitely we want to see more !! Have a great day .

  • @MikeAgent47
    @MikeAgent474 ай бұрын

    Despite the fact that i am in crypto for some years now, i have to say that, this is one of those amazing videos that needed to be done. Its public service righ here. Now we have the perfect video to that frined that asks: "how do i start with crypto? what should i do?" I'm loving the content diversification you are bringing to the channel.

  • @automattikbeats
    @automattikbeats4 ай бұрын

    Awesome content as always!!

  • @BorisXgen
    @BorisXgen4 ай бұрын

    Another great conversation. You just talked through my entry journey into mining. Started almost a year go with mini ASICS, added gpu's and DePin. Next is big boy asic hosting. Both of your channels really helped along the way and now.

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Thank you!

  • @stevehowieson3804
    @stevehowieson38044 ай бұрын

    Definitely a 2nd episode please 🙏

  • @MedeirosCash
    @MedeirosCash4 ай бұрын

    Awesome can’t wait !

  • @jamesross3219
    @jamesross321925 күн бұрын

    Thanks for a great video. I started mining 2 months ago and it's going great. Hearing you guys confirm everything I've learned is appreciated

  • @intownsolarhomesteading476
    @intownsolarhomesteading4764 ай бұрын

    Fantastic educational video, can just hear experience and knowledge as you two complimented each others knowledge..look forward to the next👍

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Thanks so much!

  • @francoisdutoit3845
    @francoisdutoit38454 ай бұрын

    thanks guys...great content

  • @toddthiebaut
    @toddthiebaut4 ай бұрын

    Good video. Thanks Guys!

  • @TripletX
    @TripletX2 ай бұрын

    Great video y’all!

  • @Shmedsp
    @Shmedsp4 ай бұрын

    Well said thank you

  • @Astas30
    @Astas304 ай бұрын

    Thank you for this video awesome content as always! Good lessons for heading into my first Bullrun.

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Glad you enjoyed it!

  • @user-qf8bv3im8x
    @user-qf8bv3im8xАй бұрын

    Love you guys... yall got a new follower!

  • @TheHobbyistMiner

    @TheHobbyistMiner

    Ай бұрын

    Thank you

  • @sdy30
    @sdy304 ай бұрын

    I’m just getting into crypto mining. Really enjoying it! Successfully got going with an ICERIVER KS0 for Kaspa. What do you think of mining Kadena with a Goldshell KD box II?

  • @JasonSpencerauthor
    @JasonSpencerauthorАй бұрын

    Great vid :. Invaluable.

  • @lestatdogc5723
    @lestatdogc57234 ай бұрын

    Great video

  • @markregione4686
    @markregione46864 ай бұрын

    Which hardware are compatible with each other when it comes to building a gpu crypto mining rig? I'm thinking of hardware compatibility.

  • @jodybruce5097
    @jodybruce50973 ай бұрын

    great video! are there any websites or blogs to read to get more info on the crypto mining space?

  • @gustafbalstrom1622
    @gustafbalstrom16223 ай бұрын

    You can preorder now for 2500. Intresting video and your views on the future earnings.

  • @SpaceCredits
    @SpaceCredits4 ай бұрын

    You guys need a 2024 mining intro beginners from profitabliilty planning to token types to gpu options to forecasting

  • @justinbottomley365
    @justinbottomley3653 ай бұрын

    Love your stuff my dudes! I have access to get S9 bitmain’s with power supply for 50$ and 100$. I know this is speculative. It if Bitcoin does hit a bull run. Is that a potential worthy investment? Or am I better off buying another gpu and focusing on that. Would love your thoughts!

  • @josephrao3709
    @josephrao37094 ай бұрын

    part 2,3,4,5,6 keep it going

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Don't Tempt Me with a Good Time!

  • @josephrichard1066
    @josephrichard10664 ай бұрын

    Loved this video, I just started mining about 30 days ago. I'm up to 8 Ipollo G1 Mini Miners, mining solo and 1 Ipollo V1. I plan to grow that into 8.

  • @EricSoulliage
    @EricSoulliage4 ай бұрын

    my starting point was mining XMR with moneroocean on a $25 raspberry pi

  • @meroxd6532
    @meroxd65324 ай бұрын

    Great 👍

  • @JoseFVelez-yu7fs
    @JoseFVelez-yu7fsАй бұрын

    Can you suggest a configuration for a GPU rig - good parts and pieces?

  • @shariorr8558
    @shariorr85584 ай бұрын

    Curious is PRE node a worthy investment?

  • @Perdont
    @Perdont4 ай бұрын

    I was the guy who started gpu mining with no knowledge of computer lol. But now I'm a force to be reckoned with

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Heck yeah!

  • @ashishvolvoikar5952

    @ashishvolvoikar5952

    4 ай бұрын

    @perdont I'm new to crypto can you help/ guide me to get started

  • @undead567
    @undead5674 ай бұрын

    part 2 please!

  • @damian3182
    @damian31823 ай бұрын

    Could use a video on how to "do the research". 🙏

  • @BlueAntec
    @BlueAntec3 ай бұрын

    Been wanting to get into mining since Bitcoin first came out but was never able to invest in the equipment. Though probably too late, I'm just now getting into gpu mining.

  • @ericzhou-k6l

    @ericzhou-k6l

    Ай бұрын

    If you need to buy mining machines, you can contact me, I have a large number of mining machines.

  • @bobbyjohnable
    @bobbyjohnable4 ай бұрын

    Really really useful . Am watching this video in state of confusion... This video answered lot of confusion . Thank you.. do more do more do more. Dont stop

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Scheduling it!

  • @bobbyjohnable

    @bobbyjohnable

    4 ай бұрын

    @@TheHobbyistMiner waiting.. ❤️❤️❤️

  • @mike_t_007
    @mike_t_0074 ай бұрын

    Part 2 part 2 part 2!!!!😎

  • @DjMines
    @DjMines4 ай бұрын

    Great collab🎉

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Thank you!!

  • @livingbehind661
    @livingbehind6612 ай бұрын

    mining something already out is very tricky biz which will follows more than one market/country, is a ton better to research and mine something not already priced....

  • @eugeneapache5102
    @eugeneapache51024 ай бұрын

    Good afternoon y’all I am trying to get my first mining farm... I have experience mining there problem done have enough money to start o Bitcoin 😮

  • @1hotrod
    @1hotrod4 ай бұрын

    part 2 please

  • @landoghini7149
    @landoghini71494 ай бұрын

    If I were wanting to jump in today i would 1) build a gpu rig with some 4070 with a good cpu such as amd 3950 to also cpu mine 2) start a node 3) get a hivemapper for the car 4) Try a box miner like ks0

  • @kevinmiller4590

    @kevinmiller4590

    4 ай бұрын

    My first cpu build is going to be 3950. Seems most energy efficient, hope I can build one soon 😊

  • @jarik81

    @jarik81

    3 ай бұрын

    Get a gpu

  • @lightbowden

    @lightbowden

    Ай бұрын

    Can I pay you to help me start? I have no clue where to begin

  • @user-eq3ih2ds5v
    @user-eq3ih2ds5v4 ай бұрын

    Love from this side 😊! Because i really want to be a crypto miner! But i don't have enough capital, please where and how will i start 😢

  • @kevinmiller4590

    @kevinmiller4590

    4 ай бұрын

    I’ve started with phone mining, low cost hardware, low wattage, profitable, It’s pennies but profitable…. To get a feel, also Nice hash and unMineable was mentioned, if you have a good gaming computer, you can download the apps and see what you can make …

  • @donavankelso1574
    @donavankelso15746 күн бұрын

    Start with gpu an then move to Asia mining

  • @nor44lab
    @nor44lab4 ай бұрын

    Been looking into mining recently so interested to watch this. I don't think it's quite as lucrative in the UK as our energy prices are a lot higher. I used some of the earnings estimators for rigs on sites and for some the electricity was 100% and profit 0%

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Yeah sadly Electric Cost are a huge driving factor that cut into your profit margins and operating cost. What is your Electric Rate?

  • @mike_t_007

    @mike_t_007

    4 ай бұрын

    Can people contract mining go other people in lower energy cost areas?

  • @LJAYTHATRUTH
    @LJAYTHATRUTH3 ай бұрын

    Pt 2

  • @csul8087
    @csul80873 ай бұрын

    I have enjoyed your video as I am looking to start mining. Have you a video on a plug and play system that you can set up quite easily please.

  • @TheHobbyistMiner

    @TheHobbyistMiner

    3 ай бұрын

    Yes I have. Most Box Miners are very much that.

  • @TheHobbyistMiner

    @TheHobbyistMiner

    3 ай бұрын

    Stop in the Discord, great place to have more of a conversation. Link in Video Description.

  • @kevinduke1055
    @kevinduke10554 ай бұрын

    you really didnt go over anything, whats the best platform to house your bags?

  • @PunsRDum
    @PunsRDum4 ай бұрын

    i don't like keeping track of multiple wallets. Is there anything that i can do to organize them in one program or is that unsafe? Also, the taxes on profits is probably pretty complicated. Any resources you can recommend for learning more about how to file taxes on crypto?

  • @kingjester2382

    @kingjester2382

    4 ай бұрын

    There are some wallets that can hold plenty of different coins. Zelcore has a lot of the big mineable coins on it. The tangem wallet is pretty popular if you want to use a hardware wallet. Koinly is one of the more popular tax filing sites. You can track everything there and then pay for them to do the report

  • @ardalanaudine1199
    @ardalanaudine11993 ай бұрын

    If I'm using an older ASIC like an antminer L3+ mining bitcoin, can I always get paid in BTC instead of a conversion? Thanks

  • @jarik81

    @jarik81

    3 ай бұрын

    Yes you can.

  • @DerGeldmentor
    @DerGeldmentor4 ай бұрын

  • @Kermo_17
    @Kermo_172 ай бұрын

    Weather ?

  • @GoFast4Me
    @GoFast4Me4 ай бұрын

    I’ve got 4 x 8GB 580’s that used to mine Eth. Since that stopped I disassembled. What should I start mining again??

  • @zoeditationmotivation6979

    @zoeditationmotivation6979

    4 ай бұрын

    Shib

  • @areutryingitout5678
    @areutryingitout56784 ай бұрын

    1st

  • @Kermo_17
    @Kermo_172 ай бұрын

    What do you think abaut mining on it phone whit app . And if u have one do you have any advoce

  • @livingbehind661

    @livingbehind661

    2 ай бұрын

    pi coin !!!!!!! super interesting project that asks only a bit of your time.

  • @user-wr6ne1sx8f
    @user-wr6ne1sx8f4 ай бұрын

    What’s a decent setup I can put together for roughly $1000-$2500?

  • @EricSoulliage
    @EricSoulliage4 ай бұрын

    if you're not a tech savvy cryptominning is not your thing , dude is not a miner he's a user , ASIC are to crypto mining what a cab ride is to formula 1 , i.e driving miss daisy

  • @user-vo5gi5ky5z
    @user-vo5gi5ky5zАй бұрын

    Hello hamster bro

  • @carterbuck9041
    @carterbuck90414 ай бұрын

    In your shed, what did you insulate the walls with to keep it cool during summer?

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    You dont. You just want air in and out of the shed as fast as possible. On the inside walls in a hear barrier, silver in color that I asked to be added when they built the shed

  • @carterbuck9041

    @carterbuck9041

    4 ай бұрын

    @@TheHobbyistMiner thank you so much

  • @wolverine1981pl
    @wolverine1981pl4 ай бұрын

    10:00 like what?

  • @EricSoulliage
    @EricSoulliage4 ай бұрын

    crap it shows neither of you need to worry about your bottom line , 1500$ for your first rig ? mine was 25$ , 1500$ for me is 2 mortgage payment as a single parent

  • @rickka3689

    @rickka3689

    3 ай бұрын

    I want to get into it but don't have alot of money what should I do

  • @EricSoulliage

    @EricSoulliage

    3 ай бұрын

    @@rickka3689 instarted with a $45 raspberry Pi then 2 then 4 , then 1 computer , 1 GPU., I'm now at 5 host and 48 GPU , if you don't have money what you need is patience

  • @henrycruz8864
    @henrycruz88644 ай бұрын

    Stick to Jpros people.. XPs break.. whatsminers are good but the Power supply doesnt last. Stick to Jpros 104T. You’re welcome.

  • @CryptoMeme

    @CryptoMeme

    4 ай бұрын

    S19k’s are more efficient and jpro have hash board issues.

  • @Marcallyn393
    @Marcallyn3934 ай бұрын

    *So you want to be a cryto miner* transform into an actual miner💀

  • @NizmoMiner
    @NizmoMiner4 ай бұрын

    Omg I thought this guy in gold shill discord was some rando!!

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Haha!

  • @Steamy_Dumpling
    @Steamy_Dumpling4 ай бұрын

    Your code don’t work

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Which code? Where?

  • @TheHobbyistMiner

    @TheHobbyistMiner

    4 ай бұрын

    Found the issue with Altair Tech. All Fixed! Thank you for the heads up!

  • @paulmitchell2857
    @paulmitchell28573 ай бұрын

    Are you serious??? Bitcoin just went from $16k to $73k and posted 7 flipping Green monthly candles in a frickin row, and you say you don't know if we are in a bull or bear market. Excuse me. This is why crypto is so great and so crazy. It's the only investment in the world where someone who doesn't know if 7 Green months in a row is possibly the most Bullish market we will ever see and even rare for BTC. Yet they can still make a lot of money from nerding out on computers

  • @janyivanov
    @janyivanov4 ай бұрын

    kzread.info/dash/bejne/qIqgk86Ll7WdhLQ.html - February 2024 WTF you are talking about it's 15/03?!?!

  • @fernandotavarezfondeur3724
    @fernandotavarezfondeur3724Ай бұрын

    Love what you do @TheHobbyistMiner. Have being trying to schedule a time with you, but I am getting an error in the page, could you help?

  • @KevinR30
    @KevinR304 ай бұрын

    I wonder how many subscribers all are subbed to the same channels. Awesome mashup guys. Let's not flood the pool though.. Happy Mining. Don't stop even after the drop. 🛕

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