Is Mining on ASICs Worth It? - Mining Adventure Part 3

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  • čas přidán 26. 06. 2024
  • Thanks to Skillshare for sponsoring this video! Get your first 3 months of Skillshare for $0.99 at skl.sh/2n8FT4t. This offer is valid until Feb 15th!
    Mining was for a long time a GPU only game, but with ASIC miners seemingly everywhere these days, are they actually profitable?
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  • Věda a technologie

Komentáře • 3,4K

  • @arccrenshaw8391
    @arccrenshaw8391 Před 6 lety +1605

    Canadian week = 16 days... I learn so much from this channel...

    • @jimboi8114
      @jimboi8114 Před 5 lety +22

      @@vek7933 He was joking

    • @user-fr4cg2xj2w
      @user-fr4cg2xj2w Před 5 lety +5

      EP11 pen guns XD

    • @harleyme3163
      @harleyme3163 Před 4 lety +1

      ? sunday to monday... 7 days like everywhere else

    • @drevil8223
      @drevil8223 Před 4 lety

      EP11 pen guns got trolled so hard

    • @liambrooks3458
      @liambrooks3458 Před 4 lety

      @@deanrobert2909 I used the services of an outstanding account manager/trader to ensure a successful trade, i'm so excited at the outcome, Her transparency amazes me alot, I got my payout exactly 7 days after my investment just like she said she is a genius, it can't go wrong with Dr Sarah Perkins handling your investments. Quit doubting and earn big with Drsarahperkins at gmail com

  • @imhatepie
    @imhatepie Před 6 lety +577

    "m-master do you need a knife?"
    "o-oh ok then, nevermind".

  • @noahbaumgartner4102
    @noahbaumgartner4102 Před 2 lety +1416

    Hodl your crypto and get a miner like spcminer and that's all you'll need

    • @lucha0075db
      @lucha0075db Před 2 lety

      Is the SpcMiner legit? The specs look so unreal

    • @von...
      @von... Před 2 lety +7

      deffo a scam everyone btw

    • @kertiz74
      @kertiz74 Před rokem

      hey guys! Could you please help, I'm a beginner and about to order Litecoin Miner L7 from unigrade, how much LTC will I get in a month? Does anyone have that one?

  • @alexkirk2500
    @alexkirk2500 Před 6 lety +2093

    conclusion, if you want to turn electricity into money, grow weed.

    • @balisticren6155
      @balisticren6155 Před 5 lety +47

      You dont even need electricity for weed lmao

    • @zoiderama
      @zoiderama Před 5 lety +66

      Dude... rly? You can smoke the poor outdoor weed than. have fun

    • @liveuntetheredmusepodcast4832
      @liveuntetheredmusepodcast4832 Před 5 lety +25

      You are dumb as fuck,..oh I forgot you smoke weed.... you are one of those....

    • @432pro
      @432pro Před 5 lety +82

      Ah, yes, smoking weed = Dumbass. Good to know that Elon Musk has approximately 1 brain cell!

    • @constantgardener7198
      @constantgardener7198 Před 5 lety +16

      You do realize one of the most successful growers in Colorado is open about not smoking right Google it lol

  • @austinevans
    @austinevans Před 6 lety +3187

    ™️

  • @ENDESGA
    @ENDESGA Před 6 lety +3664

    "We'll be back in a week"
    "okay, it's been 16 days"
    Nice one Linus

    • @blameburr8722
      @blameburr8722 Před 6 lety +259

      ENDESGA Linus never learned how to count

    • @battlebunnykai2295
      @battlebunnykai2295 Před 6 lety +9

      Beat me to it.

    • @nelsoncurrie
      @nelsoncurrie Před 6 lety +9

      It came out on floatplane like a few days after

    • @gerardob7364
      @gerardob7364 Před 6 lety +4

      Linus tech is bobby zimmeruski from the Goofy movie :')

    • @ChrisThe1
      @ChrisThe1 Před 6 lety +8

      He literally never gets back to anything in time.

  • @aidanfrench6679
    @aidanfrench6679 Před 4 lety +126

    0:40 that man just got rejected

  • @PPPPPPPPPPPPPPxk
    @PPPPPPPPPPPPPPxk Před 4 lety +175

    For anyone watching in 2019, the difficulty as of 2019-06-27 is 7.93 trillion.

    • @Snagoot
      @Snagoot Před 4 lety +49

      2020 here and it’s 13.8 trillion

    • @zerovikings5852
      @zerovikings5852 Před 4 lety +4

      Not My Name in short the only way to earn with bitcoin is to buy a lot of gpus

    • @Snagoot
      @Snagoot Před 4 lety +1

      Overhyped Anime and be prepared to let those gpu’s sit there and do nothing

    • @tarfoncas
      @tarfoncas Před 4 lety +15

      @@Snagoot already 16 trillion

    • @thatonezeldafan5275
      @thatonezeldafan5275 Před 4 lety +4

      @@zerovikings5852 no its not asic miners are the way to go

  • @SamSto
    @SamSto Před 6 lety +1705

    0:40
    *Denied*

  • @norek7226
    @norek7226 Před 6 lety +865

    This really reminds me of the gold fever in america, when the gold was almost depleted. So people who sold equipment to miners made more money than the goldminers themselves.

    • @kendexter
      @kendexter Před 6 lety +10

      Soo true :)

    • @radbug
      @radbug Před 6 lety +58

      Norek ive thought the same thing since day one of bitcoin mining. its like a pyramid scheme, only the people who got in Right at the beginning are going to end up positive.

    • @BillAnt
      @BillAnt Před 5 lety +23

      Actually according to historical documents, MOST money was made by the equipment suppliers from the beginning to the end of the gold rush. It may not be a scam in the traditional sense, but definitely has shut out the average person without access to expensive equipment. I'd imagine it as a narrowing pipe, with the difficulty level getting higher only the strong and rich folks will squeeze through the narrowing pipe, and ultimately succeed.

    • @SERIDIAhmedYahia
      @SERIDIAhmedYahia Před 5 lety +2

      how fucking old are you!

    • @liveuntetheredmusepodcast4832
      @liveuntetheredmusepodcast4832 Před 5 lety +6

      This is nothing like that,.. we have another 100 years, before all the bitcoins will be mined... people are selling machines now, because they are watching the markets, and they think bitcoin is going to crash and burn? LMAO... Bitcoin is here to stay, it will always go up and down just like Gold. It's still, and always will be higher than it started at! So you people are DAF! lol ..but thanks for the cheaper hardware!

  • @stopdropandgame9506
    @stopdropandgame9506 Před 3 lety +50

    imagine if they came out with a miner that cost $50,000 and Linus dropped it then acted like it was no big deal

  • @georgiohenderson5998
    @georgiohenderson5998 Před 5 lety +38

    I prefer to run in my Asics than mine in them, i'm not a minor anymore

  • @teodorosantos9821
    @teodorosantos9821 Před 6 lety +1061

    But can it mine crysis?

    •  Před 6 lety +10

      god bless you for this comment teodoro xD

    • @BillAnt
      @BillAnt Před 5 lety +17

      No, it would just create a mining crisis. tsk tsk

    • @zhurs-mom
      @zhurs-mom Před 5 lety +8

      Crycoin 999999 times harder to mine then emerald blocks

    • @ishan21212
      @ishan21212 Před 4 lety +1

      Teodoro Santos Oooh 😮...but can it handle minecraft?

    • @dreamcat04
      @dreamcat04 Před 4 lety +1

      Probably not, I don't know. LOL 😂

  • @SlimedogYT
    @SlimedogYT Před 6 lety +66

    I'm pretty sure Linus put out this video to get miners to move to ASICS so that the gamers could once again buy their GPUs. Thank you Linus.

    • @bustablocks1242
      @bustablocks1242 Před 2 lety +4

      annnnnd we see this comment aged well

    • @SlimedogYT
      @SlimedogYT Před 2 lety +4

      @@bustablocks1242 like milk. My PC build is STILL on hold. Fuck.

    • @Cloudrak
      @Cloudrak Před 2 lety +2

      ​@@SlimedogYT me two

    • @Oh_JUTURNA
      @Oh_JUTURNA Před 2 lety +1

      @@SlimedogYT *sees date* Jesus... Pain.

    • @SlimedogYT
      @SlimedogYT Před 2 lety

      @@Oh_JUTURNA for realll

  • @VladSvoka
    @VladSvoka Před 6 lety +8

    In the end, NVidia & AMD are getting huge sales from miners, which mean more money for video card companies. Mining complexity rises so fast that soon miners would be forced to use specialized equipment, leaving us with nice graphic adapters to enjoy.

  • @galliancost2310
    @galliancost2310 Před 3 lety +39

    Investment is the stepping stones for success. Waiting for the government to provide is total waste

    • @christopheriyoriobhe8945
      @christopheriyoriobhe8945 Před 3 lety

      I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert miss Anna

    • @christopheriyoriobhe8945
      @christopheriyoriobhe8945 Před 3 lety

      Miss Anna have been handling my account for years now

    • @cliffordgary4338
      @cliffordgary4338 Před 3 lety

      wow I'm just shock someone mentioned and recommended expert Miss Anna, I thought I'm the only one trading with her

    • @cliffordjoe668
      @cliffordjoe668 Před 3 lety

      she helped me recover what I lost trying to trade for my self

    • @markduff4118
      @markduff4118 Před 3 lety

      indeed she's an expert

  • @LennyG2006
    @LennyG2006 Před 6 lety +318

    Just remember who made the money in the gold rush, the hardware suppliers.

    • @brrebrresen1367
      @brrebrresen1367 Před 6 lety +31

      many of the ASIC producers have also been caught mining with customers equpment for some time before shipping of the product.
      some even up to several months (know personally someone that preordered an ASIC miner that was obsolete when it reached him and had over 5000 hours on it)

    • @DriveCancelDC
      @DriveCancelDC Před 6 lety +6

      Dumb logic, already made lots of money and covered all my hardware costs.

    • @Drone1Media
      @Drone1Media Před 6 lety +6

      smart, that's always true you stand to profit way more providing tools for mining than you ever could actully minning

    • @asic_miners
      @asic_miners Před rokem

      @@ReptilianLepton that’s incredible,admire…

  • @AntonMakesStuff
    @AntonMakesStuff Před 6 lety +77

    So to summarize: don't mine, it's more profitable to manufacture ASICs

  • @L33T_Taco
    @L33T_Taco Před 3 lety +4

    Linus: *Brings guests over*
    Guests: "Why does it sound like a jet engine in here?"
    Linus: "Dont worry bout that"

  • @alexren4252
    @alexren4252 Před 3 lety +42

    0:39 he just ignored that guy trying to be helpful...

  • @TheTimtam112
    @TheTimtam112 Před 6 lety +29

    6:50 Trying to put a dust filter on a mini fan, the struggle is real.

  • @ericdeltoro8484
    @ericdeltoro8484 Před 6 lety +603

    You know what, I've changed my mind about cryptocurrency. I hope better ASICs keep coming out with better hash rates so it drives the difficulty even higher still to the point that it makes gpu mining unprofitable at every level of perfomance, driving down the price of GPUs back to their normal prices. :) Good job ASIC devs!

    • @AsamiImako
      @AsamiImako Před 6 lety +82

      This is precisely what I thought to myself watching this as well. "Good, eventually these ASICs will make GPUs worthless for mining and we can finally have our MSRPs back again."

    • @ericdeltoro8484
      @ericdeltoro8484 Před 6 lety +9

      Anthony Flagg Yay! I have someone on my side! :D

    • @starlarkyt
      @starlarkyt Před 6 lety +38

      Unfortunately the alt coins that he talked about cannot be mined with ASICS such as Ethereum due to the way they were set up

    • @ericdeltoro8484
      @ericdeltoro8484 Před 6 lety +6

      Ashton Herron Not yet at least, I bet someone's working on an ASIC to mine any one of those.

    • @tenshi7angel
      @tenshi7angel Před 6 lety +20

      +Eric Del Toro
      You're talking about creating an application specific hardware device, that does essentially what a graphics card does. The reason you cannot use ASIC miners on those coins, is because they require different types of calculations. You would essentially need to re-create a graphics processor to do it.

  • @Sam-by4xd
    @Sam-by4xd Před 6 lety +79

    Asics would be really effective with solar panels wouldn't they?

    • @kenzieduckmoo
      @kenzieduckmoo Před 4 lety +5

      yep. most solar arrays can be bought for a few thousand (or cheaper if you're not planning on powering anything but the mining circuit) and then power is negligible cost

    • @YaFunklord
      @YaFunklord Před 4 lety +18

      The cost of solar power is higher than normal power from water and nuclear. Most miners nowadays have free electricity for some reason.
      Cryptocurrencies based on processing fake work need to die out for the sake of humanity.

    • @cfzone8685
      @cfzone8685 Před 4 lety +7

      @@YaFunklord Solar power doesn't cost anything... It'll pay back itself in a few months

    • @YaFunklord
      @YaFunklord Před 4 lety +12

      @@cfzone8685 Now that is just plain dumb, go back to school.
      No such thing as a free lunch, you'd know that if you understood science.

    • @cfzone8685
      @cfzone8685 Před 4 lety +17

      @@YaFunklord Do you have a solar system? Because I do, and it paid itself back in a few months.

  • @Shane-Singleton
    @Shane-Singleton Před 6 lety +2

    Something also to note is the difficulty increase. That will really push the ROI out exponentially. Unless you can get the units for retail right when they come out and have access to really cheap or free electricity then the ASIC's aren't really going to be a good investment for the hobby miner. Unless you plan to almost immediately flip it on ebay for an inflated price. which, honestly, isn't a bad idea. GPU rigs, as noted, are easy to part out and re-sell. And the secondary market on GPU's right now is fairly inflated so the prices are pretty high. Mostly due to GPU miners.

  • @kaylasal1484
    @kaylasal1484 Před 6 lety +294

    "And no Austin that's not trademarked"
    "I'll see you in court" -Austin

  • @MakersMuse
    @MakersMuse Před 6 lety +16

    Classic case of selling the shovels. SOMEONE's making bank, but it's not the people buying these.

  • @squidwardo7074
    @squidwardo7074 Před 5 lety +10

    I had a mini mining rig with a gtx 1050 ti that I hid in a cafe for almost two months before the gpu died from running at 80 degrees constantly.

    • @g1sbi
      @g1sbi Před 5 lety

      kUsHL0rD 420 what were you mining? I just started mining with my 1050ti

    • @xavierfreis
      @xavierfreis Před 5 lety +1

      how much did you make?

    • @coows
      @coows Před 5 lety +2

      My gpu runs at 60C constantly while overclocked while mining. Also, it's 1 GPU, don't kill me

  • @mrwang420
    @mrwang420 Před 4 lety +2

    I admire your and your teams efforts Linus. Your tips and reviews are amazing and totally needed.

  • @1698990
    @1698990 Před 6 lety +120

    MISSION FAILED, WE'LL GET 'EM NEXT TIME 0:38

  • @Sam_on_YouTube
    @Sam_on_YouTube Před 6 lety +308

    You know who made money in the gold rush? Just enough miners struck it rich to draw in others, but those others mostly went broke. The real money went to the people who sold the equipment. Same thing in the bitcoin mining rush.

    • @TheRileyg98
      @TheRileyg98 Před 6 lety +12

      The guys who made the equipment were those who originally made a mint off of bitcoin when it was nothing like what it is now. They self-funded the ASIC development, as it costs millions in R&D but they were rich.

    • @distorta
      @distorta Před 6 lety +6

      Sean Price That is the dumbest analogy ever. You're comparing apples to oranges, in this case, apples to microchips. People lost everything because there was limited gold and work to go around via man hours. Levi was rich because he invested money in a idea and it worked. Bitcoin and other cryptos are going no where as they cannot be forgotten. Look up what decentralized and deflationary means. Beats paying $20 for a loaf of bread in 25 years because fiat money is a scam

    • @contra8053
      @contra8053 Před 6 lety +3

      ya, but, bitcoin is running out. soon you won't be able to get bitcoin from mining and the market will crash.

    • @distorta
      @distorta Před 6 lety +5

      Cool story bro, there are other cryptos other than Bitcoin. Bitcoin is running out and that is what makes it a deflationary currency. One day the dollar will crash and virtual currencies will be king.

    • @Tjecktjeck
      @Tjecktjeck Před 5 lety +2

      I have 0.13 btc leftover on my multiwallet soft since i bought some stuff many years ago, when 1 btc was at 90 bucks and i forgot the pass i made -_- Honestly, i doubt it was a civil person who made this crypto crap, i personally suspect Chinese government. I wonder how severe will the impact be when crypto collapse, because history show all cash pyramids inevidently end up like that. But the difference is that crypto-pyramid is tousands of times bigger than anything that was created before.

  • @andrewszombie
    @andrewszombie Před 4 lety +3

    "Oh shut up Im not gonna drop it" aww poor linus 😂😂

  • @rhueoflandorin
    @rhueoflandorin Před 6 lety +1

    so optimally, the best solution is to use GPU mining, and to resell the GPUs once they've paid themselves off+ some small figure (say $1,000), so you can essentially continue to profit on the sale of the used gpus. (and by which time newer GPU hardware (with better hashing ability) will have come out, which you can then re-invest and repeat?

  • @user-oc2cw9wm4d
    @user-oc2cw9wm4d Před 6 lety +22

    It ain’t just miners taking the GPUs. Its also regular folks who could give a crap about gaming or mining who have bots buying the GPUS so they can make money reselling.

    • @jamesp5644
      @jamesp5644 Před 6 lety +6

      X4 Gaming but they wouldn't be doing that if they're wasn't miners buying them.

    • @terabera3390
      @terabera3390 Před 6 lety +4

      Miners and gamers.
      See the whole system was built to house just gamers and that's all it did for decades. So with any influx of people. Or people just deciding they want 2 cards instead of 1 now. It was gonna hit a crash.
      In this case though it's 5x the sales numbers if not higher and really they just need to make more cards. But they won't because high demand low supply is amazing for their bottom line.

    • @manvillercwingchun
      @manvillercwingchun Před 6 lety +1

      I'm sorry but if they are making bots to scalp the market that's not regular people.

  • @thaiwin6173
    @thaiwin6173 Před 6 lety +470

    I need this Bitcoin market to crash so that I can upgrade my PC without selling my car.

    • @tenshi7angel
      @tenshi7angel Před 6 lety +100

      Better to keep your car, get a job, and soon enough, you will have a computer, and not know what to do with all this money you have just sitting around. You might even start investing. Just don't get a girlfriend tho, those take money and then some more. When you put money into a woman, you don't get a good return. Just look at the divorce statistics.

    • @Busy_Paws
      @Busy_Paws Před 6 lety +25

      tenshi7angel You aren't funny.

    • @tenshi7angel
      @tenshi7angel Před 6 lety +85

      Good, because I was not joking around.

    • @spicketspaghet7773
      @spicketspaghet7773 Před 6 lety +25

      Perhaps they do already have a job? Besides, a job is no excuse for infinitely rising prices. Would you be happy if your precious bitcoin suddenly quartered in price? No, you wouldn't, it works both ways. This mining garbage has doubled the price of EVERY decent gpu. 1070s are over 1 grand, they were like 500 at launch. Imagine if car prices doubled, suddenly nobody has a car.

    • @shahabazkhan1
      @shahabazkhan1 Před 5 lety

      Brother.. is that you ??

  • @chrisfontaine6221
    @chrisfontaine6221 Před 6 lety

    Thanks for doing this series guys, you're deff my favorite tech channel

  • @GTFour
    @GTFour Před 5 lety +11

    Can you revist this and tell us how it got on :)

  • @laithjebril7217
    @laithjebril7217 Před 6 lety +396

    Still waiting for those 3 PCs he left running for a year

    • @PhilArttz
      @PhilArttz Před 6 lety +8

      Same here man!

    • @alanahiguess5380
      @alanahiguess5380 Před 6 lety +4

      Same

    • @andi4541
      @andi4541 Před 6 lety +9

      Part 2 will never happen

    • @alexvillalobos7137
      @alexvillalobos7137 Před 6 lety +4

      They forgot them lol

    • @laithjebril7217
      @laithjebril7217 Před 6 lety +19

      M A Luke built 3 PCs each with different fans configuration (positive, negative pressure and a balanced one) and supposedly left them running for 1 year to see which one is better, there's a video about it posted last year

  • @RGBeanie
    @RGBeanie Před 6 lety +364

    I bought an L3 for £2000 and sold it on Ebay for twice that lol. Invest in ASICS :P

    • @sebastienberger2890
      @sebastienberger2890 Před 6 lety +21

      TurboGamingUK that's quick easy money ;)

    • @mmenjic
      @mmenjic Před 6 lety +33

      Linus should compare this, buy / sell / buy / sell ..... vs buy -> mine -> trash can :)

    • @MatejKebe
      @MatejKebe Před 6 lety +4

      Yea did the same with the A3 Somebody actually paid me 3800€ for that one.

    • @DriveCancelDC
      @DriveCancelDC Před 6 lety +3

      That's not that crazy, the A3 will certainly earn over 3800 Euros over its lifespan, the people who got them early will already be halfway to ROI.
      What is comical is people paying $5000 for used Antminer S9s even though Bitmain regularly release batches of them for $2280.

    • @MatejKebe
      @MatejKebe Před 6 lety +1

      True but you can get one for 900€ delivered in march. Doubt that in 45 days you will make the 2900€ difference unless we see SIA moon.

  • @NiclasHorn
    @NiclasHorn Před 4 lety

    this is AWSOME i had S1 and S2 early on :) now they just collect dust in the basement in my house :)

  • @newbytr
    @newbytr Před 6 lety +36

    YEAHH Stay away from the Graphic CARDS!!!

  • @uss_04
    @uss_04 Před 6 lety +311

    06:00
    Most of the mass is heat sinks and cooler
    Mass Effect

    • @Hybris51129
      @Hybris51129 Před 6 lety +27

      "I'm Commander Shepard and this is my favorite cryptocurrency in Citadel space."

    • @gerardob7364
      @gerardob7364 Před 6 lety +4

      Linus tech is bobby zimmeruski from the Goofy movie :')

    • @stevenawtrey1742
      @stevenawtrey1742 Před 6 lety

      Dacterian Credits

  • @shivnillal3601
    @shivnillal3601 Před 6 lety +136

    R.I.P. The guy behind the shelf offered a razor blade to open the boxes...lol

  • @makke_macro
    @makke_macro Před 5 lety +1

    Dude! I've been watching your channel whole day :DDDD ITS AWESOME!!!! u got new subscriber!

  • @Thomas-rc9sc
    @Thomas-rc9sc Před 6 lety +1

    5:46 *Looking at Heatsinks* Wow Cool!

  • @mtktm
    @mtktm Před 6 lety +391

    Reselling GPU at a "fraction of the cost"... In this climate I have to disagree. I bought an Radeon RX 480 2 years ago for $200. They are selling on the used market for $450. And my GTX titan (700 series) is still going for $400 used.
    I should have invested in GPUs 2 years ago :p

    • @damdamcz
      @damdamcz Před 6 lety +55

      mtktm yeah, but if the crypto crashes to a level that is not profitable anymore, than there will be a shit ton of rx470/480/570/580 and all of the nvidia cards for literarly a few bucks a piece. Right now there is around 10 500 000 GPUs world wide mining crypto.

    • @Emitremmus29
      @Emitremmus29 Před 6 lety +22

      You should have gone the next step and invested in Nvidia as a company. Via capital gains alone they are up 150% in less than 10 months. For that matter I'll never know why anyone would consider any form of crypto mining after about 2012 or so. Once ASIC's came on the scene and corporate interests got involved the cost benefit ratio became ridiculously risky. Every now and again some derivative cypto like etherium makes a splash and everyone rushes to that side of the ship, it is effectively the same as playing penny stocks and hoping you get in early on the next big thing.

    • @LysergikFuneral
      @LysergikFuneral Před 6 lety

      That's not what he said or meant.

    • @Emitremmus29
      @Emitremmus29 Před 6 lety +1

      My comment was intended to be directed to the op but youtube comments is doing something hinky and only showing some replies when I comment.

    • @texasdeeslinglead2401
      @texasdeeslinglead2401 Před 6 lety +2

      mtktm you ain't never lying . I have a Casio calculator that does adding and subtracting and weird basement turds are peeking at it with glee through my windows.

  • @thekoalaracer7634
    @thekoalaracer7634 Před 6 lety +23

    Well the S9 used to be worth it when it was 1490 USD, since the large price bump it seems hardly worth the investment anymore.

  • @NiclasHorn
    @NiclasHorn Před 4 lety

    pretty loud is a understatement :D
    the sound of mining (printing you own money) :D

  • @thomgarcia4983
    @thomgarcia4983 Před 3 lety +7

    Huncho green has really been of help to me in this pandemic period, i can now pay my Bills.

  • @djwaters22
    @djwaters22 Před 6 lety +543

    Well i think ill pass on mining coins. To expensive to get start this late

    • @yasharghaffari114
      @yasharghaffari114 Před 6 lety +24

      There are so many coins at few cent that will cost over a $1 next year. And with BTC price drop they all dropped %50 in value, so I would disagree

    • @nikaross7646
      @nikaross7646 Před 6 lety +126

      Hes talking about mining not investing in coins...

    • @DriveCancelDC
      @DriveCancelDC Před 6 lety +16

      This isn't late, this is still early in the grand scheme.
      But yes, with ASICs you *need* to buy them very early, as in, you need to be among the first or at worst, second batch of buyers who get them. Otherwise you'll be buying them after the amount of return per day is much, much lower. The S9 isn't a bad buy at all though as BTC will certainly go much higher in the future, the Bitcoin it earns will be worth a lot more later this year I think.
      Linus should have mentioned how important buying an ASIC early in its life is, honestly all these LTT crypto videos have been pretty bad with poor rig planning (that 13 GPU + 3 PSU machine is terribly inefficient) and a lack of critical info.
      Why would they buy a D3 and L3 over two more S9s? It makes no sense at all, the S9 is more profit, there is little reason to buy the other two. C'mon, LTT.
      The S9 is an exception to the rule as it's like 18 months old but still earns a good amount even with the BTC price in the gutter.

    • @TRawrXhellcat
      @TRawrXhellcat Před 6 lety +6

      13 GPU doesn't require 3 PSU's you can get the new EVGA P2 2200 WATT for 13 gpu connections and 13 GPU slot mobo. all one rig.

    • @flyinghigh2000
      @flyinghigh2000 Před 6 lety

      I got in asic with s3 then upgraded to 6 s5. The wait list and price got ridiculous.

  • @ayylmaotv
    @ayylmaotv Před 6 lety +253

    Cryptocurrency killed graphics card prices

    • @lolol1725
      @lolol1725 Před 6 lety +25

      Ayy Lmao you must be new here

    • @fixfel5787
      @fixfel5787 Před 6 lety +17

      Pro Genji YOu must be new here

    • @geforde69-letsplay
      @geforde69-letsplay Před 6 lety +12

      true but someday the bubble will pop we hope

    • @TheZombie2415
      @TheZombie2415 Před 6 lety +7

      Pro Genji don't go out spouting nonsense it's fact if you said company doesn't fullfill the demands then you're dumb fuck that haven't read latest nvidia concern

    • @19TheJohn93
      @19TheJohn93 Před 6 lety +14

      and is accelerating climate change....

  • @flykope9211
    @flykope9211 Před 6 lety

    “...back in a week”
    *crickets
    *couch

  • @levmatta
    @levmatta Před 6 lety

    5:50 "Linus never leraned to count (send help)" LOL

  • @rahulkr1515
    @rahulkr1515 Před 6 lety +239

    well...it can't run crysis😂😂😂

  • @awidesigns
    @awidesigns Před 2 lety +1

    My S9 has been solo mining non-stop 24/7 for the last 4+ years. Might seem like alot of wasted power, but it hit 1 block (6.25 coins) about a year ago. Im leaving it going till it just burns itself up, it def paid for itself...lol On the other hand my Z9's and Z11 cant even cover there power costs at this point.

  • @tom42069777
    @tom42069777 Před 6 lety +2

    0:00 "So.. tell me what you want, what you really, really want"
    "I'll tell you what I want, what I really, really want!"

  • @dylannguyen1317
    @dylannguyen1317 Před 6 lety +17

    First Austin does a bad sponsor transition now Linus is saying “but is it worth it”! How did you two switch bodies

  • @EVRLYNMedia
    @EVRLYNMedia Před 6 lety +93

    0:39 lol he tries to hand you a knife but you open the box with the keys lol

  • @triplecheeseburgerwithfries

    Where did he get the fan covers?

  • @ztoogemcducc6360
    @ztoogemcducc6360 Před 2 lety +1

    Humanity is just really eager to burn down the Amazon rainforest it seems

  • @noah_the_nerd
    @noah_the_nerd Před 6 lety +13

    Shoulda started your video with "HEY GUYS, this is Linus!"

  • @courn1205
    @courn1205 Před 6 lety +102

    "We are gonna come back in a WEEK."
    16 days later...
    Edit: Lol

  • @baccarah7010
    @baccarah7010 Před 4 lety +15

    Imagine you were the only person with this kind of thing in the world when bitcoin came out.
    Thats literally printing money.

    • @ahmedal-maliki4232
      @ahmedal-maliki4232 Před 3 lety

      You'll basically take control of the network, you will have enough computing power to ulter the blockchain in your favor.

  • @DistantThomas
    @DistantThomas Před 6 lety +1

    The text behind the creeper was "I still prefer dogecoin, tbh" in comic sans.

  • @HudsonGTV
    @HudsonGTV Před 6 lety +149

    **GPU Prices go back down after this video**

    • @mtktm
      @mtktm Před 6 lety +3

      One can only hope $900 for a new or used 1080 is crazy to me

    • @DeathBringer769
      @DeathBringer769 Před 6 lety +14

      "We have no effect on the market. We just make videos" ( ͡° ͜ʖ ͡°)

  • @alexandrelartigues9259
    @alexandrelartigues9259 Před 6 lety +6

    0:41 Hello darkness my old friend

  • @jbooks888
    @jbooks888 Před 5 lety +2

    Here in Australia, electricity is 30c+ per kWhr so I guess that totally excludes all chances of making a profit with any kind of setup.

    • @chrishannan5745
      @chrishannan5745 Před 4 lety

      Would be possible where there is plenty of sun and use solar. Would need batteries.
      Again this would make it almost pointless unless you had 1000s of them.

  • @Raylightsen
    @Raylightsen Před 2 lety

    Very easy to understand
    I wonder if linux has more videos of this topic.

  • @LEON-cf4px
    @LEON-cf4px Před 6 lety +6

    0:38 "All Around Me Are Familiar Faces"

    • @yinnx6079
      @yinnx6079 Před 6 lety

      Worn out places, worn out faces

  • @TechHunterOfficial
    @TechHunterOfficial Před 6 lety +143

    I hate GPU miners as much as the next guy, I hope more people see this and decide to look at these machines more than standard gaming cards.

    • @chinchilla_irl
      @chinchilla_irl Před 6 lety +13

      lol

    • @oakmen4604
      @oakmen4604 Před 6 lety +16

      This is specifically for Bitcoin.

    • @joshjones5172
      @joshjones5172 Před 6 lety +16

      Hostile 1 Did you watch the video? no its not....

    • @side-fish
      @side-fish Před 6 lety +3

      Did you even see the price? Or the fact it’s out of stock? Or the risks?

    • @xxxdroidmonkeyxxx
      @xxxdroidmonkeyxxx Před 6 lety +8

      frdrcklim Do you even know how supply and demand markets work? You think this is the only company that makes specialized cards?
      Just wait. AMD and Nvidia will soon be making specialized cards for this as well. This is a cash cow everyone wants in on and the real big money will be in the hardware world since miners will pay just about anything to get the hardware. All markets equalize after a sudden spike and this will happen with the GPU market very soon.

  • @Veagence100
    @Veagence100 Před 6 lety +6

    Nvidia and AMD really need to jack up the prices of graphics cards since miners love buying so many of them. They get a bigger wallet to develop more in the later future and the miners get fucked over the most, it’s a win/win

    • @eagle7015
      @eagle7015 Před 2 lety +1

      Ohh hi there....I am frm the future and they truly did

  • @beersbreaks8501
    @beersbreaks8501 Před 4 lety +1

    i would love to see an update to this video. i am can find an s9 for 10% of what it was in 2018. would love to know if this is still a thing

  • @mondskiez309
    @mondskiez309 Před 6 lety +24

    In a Gold rush, the one who sells pick axes and shovels always ends up getting rich..

    • @tcideh4929
      @tcideh4929 Před 3 lety

      The difference in this is that without mining you have no currency or transactions.
      So people should mine just to support the Alt coin they like the features of, the payment from mining is just a cherry on top.

  • @Kcimor78
    @Kcimor78 Před 6 lety +124

    Linus gets gpus for free, so he can mine at pretty much no risk

    • @YaFunklord
      @YaFunklord Před 4 lety +6

      Most mining has been unprofitable without free hardware and free electricity for a long time.

    • @economiaemquarentena4592
      @economiaemquarentena4592 Před 3 lety

      @@YaFunklord this comment has not aged well (bitcoin over 40K, has reached over 65K, will probably be going even further)

    • @YaFunklord
      @YaFunklord Před 3 lety +2

      @@economiaemquarentena4592 Still not profitable unless you steal graphics cards and electricity. And with a global ban on cryptomining coming up, also stupid to invest in.

  • @user-bj3pq2si2l
    @user-bj3pq2si2l Před 4 lety +7

    9:37 And today, they cost

    • @KAMIKAZE-dk8xd
      @KAMIKAZE-dk8xd Před 4 lety

      Why what happened is the profitability gone now?

  • @ChristianHawkins123
    @ChristianHawkins123 Před 6 lety +1

    I used Antminers S2 after their "profitability" to heat my home a bit cheaper. The math was easy. 1200 Watts of heat out of my heater costs what 1200 Watts cost. 1200 Watts of heat from my Antminer costs 1200 Watts minus whatever it generates.

    • @vks4392
      @vks4392 Před 2 lety

      Beautiful and funny.

  • @Skund79
    @Skund79 Před 6 lety +5

    Imagine how many GPUs will pop up on ebay when the bitcoin bubble will pop

    • @davewol678
      @davewol678 Před 6 lety +1

      Skund bitcoin has nothing to do with gpu mining

    • @ponyslavestation2973
      @ponyslavestation2973 Před 6 lety

      Skund If the bubble would pop, most of miners would just mine diferent coins, or simply turn the miners off and wait till the valeu comes back.

    • @douglhorvath
      @douglhorvath Před 6 lety

      That's not how bubbles works DarthBloodyVader...

    • @andreia157157
      @andreia157157 Před 6 lety

      gold must be the biggest bubble in history of humanity them and it didn't even burst.... yet

    • @ponyslavestation2973
      @ponyslavestation2973 Před 6 lety

      Doug Horvath Ok, the ppl who repayd for their gpus by now with mining, would just turn the miners off, but the ones who didnt, they would sell their gpus. Thats about right.

  • @cerealfamine1
    @cerealfamine1 Před 6 lety +9

    Butterfly Labs Jalapeno paperweight owner here.

  • @kasciwu4939
    @kasciwu4939 Před 3 lety +2

    1:13 it feels different looking at it now.

  • @Baneslayer
    @Baneslayer Před 5 lety

    Love your channel. Thanks!

  • @CKTDanny
    @CKTDanny Před 6 lety +8

    Everyone's investing in Crypto but the real money comes from investing in GPU's 😎💸

  • @trogers2120
    @trogers2120 Před 6 lety +34

    at least he is not using a bunch of gpu's this time and encouraging the use of them and showing that it is much better. so he is kinda contributing to the mining problem as well as telling them that asics are better/driving them away from gpu. Props to you linus

    • @fatetestarossa2774
      @fatetestarossa2774 Před 6 lety

      well said

    • @BDBK666
      @BDBK666 Před 6 lety +4

      Somehow I don't think you paid attention. These ASIC's mine different coins than the GPU's are mining... You cannot mine Ethereum for example on an ASIC, you have to use a GPU, while you would just be dumb to mine bitocin with a GPU, but it can be done. GPU mining isn't going away.

    • @JohnSmith-iw4qs
      @JohnSmith-iw4qs Před 6 lety

      Kevo F shut up

    • @BDBK666
      @BDBK666 Před 6 lety +4

      Gustav Scheid You shut up bitch.

    • @2010ngojo
      @2010ngojo Před 6 lety

      It's only a problem to the people who can't afford it.

  • @haleguyer1363
    @haleguyer1363 Před 6 lety +6

    No Linus, when the profitability is gone it becomes a space heater not a paper weight

    • @DragonProtector
      @DragonProtector Před 6 lety +1

      yup

    • @ddeboy002
      @ddeboy002 Před 6 lety +1

      I thought it became a noise maker to drown out background noise. leave it plugged in just remove the ethernet cable and close your wallet account so you don't get robbed.

  • @garrynutter860
    @garrynutter860 Před 6 lety

    Nice video, Where did you get the filters from ? Please.

  • @yonski1042
    @yonski1042 Před 6 lety +80

    Rip energy sources

    • @fatetestarossa2774
      @fatetestarossa2774 Před 6 lety

      NICE

    • @surelock3221
      @surelock3221 Před 6 lety +10

      still waiting on those solar panels to get gud

    • @ax2bxc
      @ax2bxc Před 6 lety +3

      Rip environment. We are mostly still running on non renewable sometimes pollutive power plants

    • @Patrick-pm6ue
      @Patrick-pm6ue Před 6 lety +4

      hope we get solar panels made specifically for cryptomining

    • @coows
      @coows Před 5 lety

      @TheShinobiCode and cold fusion

  • @hugask
    @hugask Před 6 lety +5

    Linus Mining Tips

  • @maulerrw
    @maulerrw Před 6 lety

    4:05 Don't forget those warranty stickers mean nothing from a legal standpoint due to the Magnuson-Moss warranty Act.
    removing or breaking them does not void warranty, the only thing that does is if something occurs which is user caused damage.
    Saying that, it may just make your life harder as you have to argue with them about it, so best avoided if you can.
    BUT, you are still well entitled to your warranty

  • @fredoguan6702
    @fredoguan6702 Před 6 lety +5

    6:43 I Know you really like dropping things...

  • @loganlampkin6506
    @loganlampkin6506 Před 6 lety +9

    Hey could you do best 3d printers of 2018? I'm trying to find the best one and there are so many different reviews. Help please?

    • @mtktm
      @mtktm Před 6 lety

      Research which controller board each one uses (if they even list them) about 99% of them are using atmel based boards. Look for one that has an ARM base controller, or one that can be replaced with a ARM base board. If looking for a board to upgrade to, look at smoothieboard.

    • @jeffbabes6390
      @jeffbabes6390 Před 6 lety +1

      what are you going to print? tall stuff? maybe a delta if so, i own one i think it does a great job and can print up to 30cm in height and a bed with 18 cm radius

    • @TonGi018
      @TonGi018 Před 6 lety

      Bought a Wanhao Duplicator i3 in early 2017, very capable machine at 350 bucks, you only need to put in 2 screws to assemble it (literally 2). But the CR10 has come down in price and also does very good prints at an even larger size 30x30x40cm vs only 20x20x18cm on the i3.

  • @MrZoichi
    @MrZoichi Před 6 lety +11

    But can it mine gold and silver? I hear there is money in those as well.

    • @ax2bxc
      @ax2bxc Před 6 lety

      Go wear ppe and go underground.

    • @hawke6195
      @hawke6195 Před 5 lety

      Don't mine directly below you tho, and bring torces

  • @davidrozo766
    @davidrozo766 Před 5 lety +1

    I love that sound

  • @adrianoldchannel2494
    @adrianoldchannel2494 Před 5 lety +1

    Have you ever just boot up anything without taking it apart. Lol. Great content by the way.

  • @Fregatte86
    @Fregatte86 Před 6 lety +4

    Difficulty to the moon

  • @Trazy2
    @Trazy2 Před 6 lety +43

    So why didn't you actually show how to configure these ASICs? You basically just showed putting some hardware on a shelf and switching them on...

  • @zoltaerdei9857
    @zoltaerdei9857 Před 5 lety

    Linus i have seen all the 3 parts of mining adventure but i dont know what to do when i got the pc and plugged in to network + power . So what i have to do ?

  • @dciking
    @dciking Před 5 lety +2

    can you come back to mining? did you sell off you equipment or keep it running? how has your profitability changed over the last 14months? how do the RTX cards compare? try mining with the Titan cards you have, how do they compare? i look forward to an update video!!!

  • @rabywastaken
    @rabywastaken Před 6 lety +229

    *Yes! Every miner should buy one of those AND F*CKIN LEAVE THE GPU MARKET!!!!!! >:C*

    • @JosephPovinelli
      @JosephPovinelli Před 6 lety +36

      \ XxRabyPower00xX / that's not how it works. The cryptocurrencies that those miners mine are asic resistant, requiring VRAM or system RAM.

    • @TheShawnSolo
      @TheShawnSolo Před 6 lety +8

      \ XxRabyPower00xX / Markets will do as they please.

    • @Henk14789
      @Henk14789 Před 6 lety +1

      And then you realise those ASICS are already 50% of TSMC production output.

    • @Cluccers
      @Cluccers Před 6 lety +2

      THANK YOU i couldve gotten a 1060 but i had to settle for a 1050

    • @matsrssang4212
      @matsrssang4212 Před 6 lety +5

      meanwhile i'm sitting here, waiting for my 4 1080ti's.

  • @guiguilamisere2527
    @guiguilamisere2527 Před 6 lety +3

    00:40
    LOL

  • @Jake-yv9mo
    @Jake-yv9mo Před 5 lety +1

    Where can I get my hands on one of these my friend

  • @TheGamingCat1477
    @TheGamingCat1477 Před 6 lety

    Just wondering, is it possible for the warehouse to have solar panels? Thought it would be cool to see how mining costs are with one or two solar panels hooked up to some miners.

  • @kittypanlover6170
    @kittypanlover6170 Před 6 lety +12

    0:38 hello darkness my old friend.... i've come to talk with you again.

    • @kittypanlover6170
      @kittypanlover6170 Před 6 lety

      Danny Devito why are you so rude? *slightly rubs her tail on your chin*

    • @kittypanlover6170
      @kittypanlover6170 Před 6 lety

      Jorge Carlos Bustillos why is everyone here so aggressive? *Hugs her pride flag* my gf says I'm a very likeable person