Bro…. The quality, background, camera and audio is incredible in this video. I’ve seen a ton of your vids but this is a massive upgrade! Nice work dude
Awesome video. I don’t look at daily profits or ROIs, I just buy the hardware I need to mine the coins I want, pay electric out of pocket, and hold all of it until alt seasons and bull runs. Everything in between doesn’t matter.
Any kind of speculation about price appreciation involved in the profitability calculation sort of undermines the trust to that calculation. Imagine you go to bank asking for loan for mining equipment, do you present them clear and proven numbers about expenses and difficulties and rewards (even if the difficulties change), or do you say to the bank: "Yea hey I know this is not profitable immediately but HEY IT WLL GO 1000x!!" :-) The bank considering a loan certainly does not want to participate in any hopeful thinkings while they consider if they loan the money to you or not. (and banks probably don't make much loans to miners anyway, except for some industrial sized operations who have millions in their backpocket anyway)
Mining profitability should not be mixed with price appreciation. They get mixed unevitably because mining needs time, and prices change during the time, but still, if those get mixed, then all math turns to skewed and speculative guessing. Mining profitability should be calculated by the expenses used for the mining and prices of the moment you got the rewards - not by the future prices of hodled rewards. For the latter you can participate simply by buying the coin without buying any hardware (excluding the coins not yet in exchange, but it's full speculative thing anyway).
@@SebsFinTechChannel For a miner, it is very important to be able to count in both, the mining profitability AND also price appreciation. But mining profitability is just the immediate outcome of the mining process, so I guess it matches your number 3. Just don't mix them together, you make things harder for yourself, but just accept, a successful miner can also think the price appreciation (which is NOT same thing as mining profitability). This might be confusing some times, but think it from viewpoint of the bank you go to ask a loan from, the example I wrote before :-)
@@SebsFinTechChannel You could even mine unprofitable (negatives) for long time, if you had a good knowledge about upcoming huge price appreciation. Mining itself is not profitable, but then again, you are then constantly acquiring the coins for some price (mining expenses), and after you acquired the coins, you wait for price appreciation to happen. Still, these are 2 different things, even if for miner it is very important to see the combined results from mining process to the moment when those coins get price appreciation.
@@SebsFinTechChannel Btw, at least in our country the taxation laws say you pay tax from mined coin per the moment you acquired the coin. So, that's the moment deciding mining profitability, and the days after that are price appreciation or depreciation :-)
Basically nothing, the cost of shipping basically. I got an S15 a couple years ago for $200 and it's twice as efficient at about the same wattage. You can get an Avalon Nano 3 (4TH at 140w) for $100 and it's silent, unlike the antminers, you can't even be in the same building as those things unless you modify the fans which costs even more money.
Hey Seb! I have been off of crypto for a while now while loosely keeping up with news and prices bi-monthly. This is so weird because we are so close to the bull run or the time when BTC will reach the top of $110-150k but it doesn't feel like it profit wise. In the past you would be making money especially now that bitcoin has reached an all time high even before the bull run! I really don't know what coins to buy or rtx 3000 gpus which arent that cheap but also make no profit.
Google coin name + price prediction and you find many sites who do coins price prediction or bullish/bearis charts. I looked 6 similar paged about KAS price prediction AFTER 🙃buying KAS ASICS, all were positive predictions👍
When you think about the Time of 1 year and calculate, than buying the coin gives you 1 year the Chance of selling for the price you want. Thats another big Difference of mining and get small amounts and mostly a rising difficulty with less coming coins. And that ignores the possibility of staking.....
Could anyone have known that buying a multi thousand dollar miner in the very early stages of Mining was going to be profitable? NO. So you’ll never know now either as the future of greed hasn’t been set yet. It’s pretty simple though. Buy one rig of every type of miner and eventually one of them will pay the other off.
One rather substantial oversight. Time. What is your time worth? At least put it at minimum wage. If you just buy coin, it's one and done. You don't have to fiddle. Yes you could say an ASIC is just plug and play. Perhaps it is. But you also need to consider inconvenience. Noise. Heat. Time to maintain mining equipment. Just buying coin is not a 1 for 1 comparison. Does mining equipment last forever or what about depreciation? I honestly think most people are past this notion that a coin is going to go up in value. People still believe that? Double your money? Really? I think regular investments (real ones) would prove to be smarter. Not as fun to be sure. But who predicts some worthless coin to go up in amazing value? Maybe the sellers of the ASICs and hardware.
Bro…. The quality, background, camera and audio is incredible in this video. I’ve seen a ton of your vids but this is a massive upgrade! Nice work dude
And lighting!
Hey I'm so glad people are appreciating this! Every video I try to improve something, and I guess over time that adds up!
Awesome video. I don’t look at daily profits or ROIs, I just buy the hardware I need to mine the coins I want, pay electric out of pocket, and hold all of it until alt seasons and bull runs. Everything in between doesn’t matter.
Any kind of speculation about price appreciation involved in the profitability calculation sort of undermines the trust to that calculation. Imagine you go to bank asking for loan for mining equipment, do you present them clear and proven numbers about expenses and difficulties and rewards (even if the difficulties change), or do you say to the bank: "Yea hey I know this is not profitable immediately but HEY IT WLL GO 1000x!!" :-) The bank considering a loan certainly does not want to participate in any hopeful thinkings while they consider if they loan the money to you or not. (and banks probably don't make much loans to miners anyway, except for some industrial sized operations who have millions in their backpocket anyway)
Mining profitability should not be mixed with price appreciation. They get mixed unevitably because mining needs time, and prices change during the time, but still, if those get mixed, then all math turns to skewed and speculative guessing. Mining profitability should be calculated by the expenses used for the mining and prices of the moment you got the rewards - not by the future prices of hodled rewards. For the latter you can participate simply by buying the coin without buying any hardware (excluding the coins not yet in exchange, but it's full speculative thing anyway).
So your way of calculating is exactly like no. 3 that I present in this video then. 👍
@@SebsFinTechChannel For a miner, it is very important to be able to count in both, the mining profitability AND also price appreciation. But mining profitability is just the immediate outcome of the mining process, so I guess it matches your number 3. Just don't mix them together, you make things harder for yourself, but just accept, a successful miner can also think the price appreciation (which is NOT same thing as mining profitability). This might be confusing some times, but think it from viewpoint of the bank you go to ask a loan from, the example I wrote before :-)
@@SebsFinTechChannel You could even mine unprofitable (negatives) for long time, if you had a good knowledge about upcoming huge price appreciation. Mining itself is not profitable, but then again, you are then constantly acquiring the coins for some price (mining expenses), and after you acquired the coins, you wait for price appreciation to happen. Still, these are 2 different things, even if for miner it is very important to see the combined results from mining process to the moment when those coins get price appreciation.
@@SebsFinTechChannel Btw, at least in our country the taxation laws say you pay tax from mined coin per the moment you acquired the coin. So, that's the moment deciding mining profitability, and the days after that are price appreciation or depreciation :-)
i bought 2x KS5L 12T for a total of 11'000$ (inlcuding hosting installation) - is that good?
U will do just fine, bought KS5L for $12k just 2 months ago 😢
Solar for the win
You can't always sell the equipment. I'm sitting on Goldshell KDA-MAX boxes no one wants because of Bitmain KDA miner.
The 🐐 !
You are!
I need advice, i have solar powwr 1500 watts setup. I am thinking of buyung two ks0 ultra 400gh 100watts, what do u think?
doit
Increasing the hashrate pumps the price of a coin -if there is a positive sentiment and feedback loop about the coin.
Yup
What would be a reasonable price for an old antminer t9+? Electricity is not an issue.
Basically nothing, the cost of shipping basically. I got an S15 a couple years ago for $200 and it's twice as efficient at about the same wattage. You can get an Avalon Nano 3 (4TH at 140w) for $100 and it's silent, unlike the antminers, you can't even be in the same building as those things unless you modify the fans which costs even more money.
In my case, costs exceeded ROI within the last 2 months. Sitting tight, but not feeling positive in the short term.
Mining is dead bro....I'll only turn on my rig to heat my rooms in winter....
A heat pump will cost you less to heat your room.
@@ericjmorey😂
nice
Gpu mining is beyond dead.. 😢
gpu mining is dead
because gpu is not effisien for mining
etherium era is over
do not dream. 😅
🔥🔥🔥✌
Hey Seb! I have been off of crypto for a while now while loosely keeping up with news and prices bi-monthly. This is so weird because we are so close to the bull run or the time when BTC will reach the top of $110-150k but it doesn't feel like it profit wise. In the past you would be making money especially now that bitcoin has reached an all time high even before the bull run! I really don't know what coins to buy or rtx 3000 gpus which arent that cheap but also make no profit.
Google coin name + price prediction and you find many sites who do coins price prediction or bullish/bearis charts. I looked 6 similar paged about KAS price prediction AFTER 🙃buying KAS ASICS, all were positive predictions👍
When you think about the Time of 1 year and calculate, than buying the coin gives you 1 year the Chance of selling for the price you want. Thats another big Difference of mining and get small amounts and mostly a rising difficulty with less coming coins. And that ignores the possibility of staking.....
If we turn in real bullrun its worth it if not you got ruggg
slowly very slow ROI
Could anyone have known that buying a multi thousand dollar miner in the very early stages of Mining was going to be profitable? NO. So you’ll never know now either as the future of greed hasn’t been set yet. It’s pretty simple though. Buy one rig of every type of miner and eventually one of them will pay the other off.
One rather substantial oversight. Time. What is your time worth? At least put it at minimum wage. If you just buy coin, it's one and done. You don't have to fiddle. Yes you could say an ASIC is just plug and play. Perhaps it is. But you also need to consider inconvenience. Noise. Heat. Time to maintain mining equipment. Just buying coin is not a 1 for 1 comparison. Does mining equipment last forever or what about depreciation? I honestly think most people are past this notion that a coin is going to go up in value. People still believe that? Double your money? Really? I think regular investments (real ones) would prove to be smarter. Not as fun to be sure. But who predicts some worthless coin to go up in amazing value? Maybe the sellers of the ASICs and hardware.