Curious as to what your total investment in all that infrastructure and hardware is. What’s the money value of your mining assets. This would help put everything into context because ROI turnaround is important as well
I'm in Poconos PA, yea it's very cold for sure, great for mining:) Awesome video but I think it's missing the hardware cost, it would be great to see the ROI.
So hardware cost is tough, As I have accumlated this hardware over 3 years. A large % is also sponsored/partnered hardware from the CZcams Channel. So I am not a good example for ROI. I thought about adding it to the video but would be very skewed.
great breakdown! Thanks for being transparent. I had to shut my stuff down last year as rates have went up.... our power companies have monopoly(DTE and Consumers Energy) and rates here in MI range from .1731-.1866 cent year round when all fees are added.
Great video once again, I even finished my popcorn :) What’s your thoughts on the Bit main Ant miner - HS3 Handshake Miner (9 TH/S)? I’m thinking of getting one but can’t quite push the button.
I honestly don't follow the Handshake project. However Nothing points to that miner for me as a good investment. I personally wouldn't buy an HS miner.
Enjoyed the shed builds and your infinity cooling solutions. Great electric price, here in Tucson, AZ they've doubled our electric bill with "cheap renewable energy" , in just a year. I'm actually paying twice as much per KWH as last year. Damn! P.S. that's $0.23/kwh to be close... Also, many utility companies are trying to get their states to pass laws allowing them to make their base charge dependent on income. Usage will be on top of those charges. Our rate schedule is so complicated now that the utility company doesn't post their rates but rather, posts a spreadsheet based on usage. Tucson had to renew their rights to have power poles in the city, and that caused some of the rate increase. The city wanted all underground power in the city which would enable them to redesign the streets when trenching up the roads for their 15 minute city design which got voted down in a recent election. That hasn't stopped them as now they are after rapid transit projects we don't want that are also stupid ... anyway, great videos fren!
Thank you for all the great content. New to mining and your videos have been very helpful. Had quick question. What is the ballpark life expectancy of a miner such as the Ice River KSO Pro? Any tips for extending life of miner? Thanks for info!!!
Great Point! So hardware cost is tough, As I have accumlated this hardware over 3 years. A large % is also sponsored/partnered hardware from the CZcams Channel. So I am not a good example for ROI. I thought about adding it to the video and actually began to, than took it out as its not realistic.
awesome vid. im on long island. little close to you. I have a Ks0 pro. Helium, a few phone miners and a hivemapper. I want to get more miners. Can i do the ipollo 2800 watts to my home outlet?
Great video, but you left 2 of the most important parts of the math equation out. How much you have in the equipment, and how much someone without a CZcams channel would have in the same equipment.
Great Point! So hardware cost is tough, As I have accumlated this hardware over 3 years. A large % is also sponsored/partnered hardware from the CZcams Channel. So I am not a good example for ROI. I thought about adding it to the video and actually began to, than took it out as its not realistic.
@@TheHobbyistMiner those are great points as well, and now that you explain it, that makes sense. I guess the closest you could get is listing the price of what it would have costed you (if it wasn't partnered) at the time you acquired it. But unless you wrote it down at the time you received it, that data probably isn't available anymore. Great video, regardless.
You’re awesome as is your content and channel. I would be seriously interested in the total expense for all of your equipment and infrastructure. I also see that “this” has been addressed in the comments. And your response to said question is valid. This would allow me to truly gauge the “expense” and the profit. I understand that as crypto fluctuates, so do your values and expenses for said miners and etc. Thanks for the education! Cheers and best of luck from Central Virginia.
You'd only pay income taxes at the end of the year if you didn't sell any crypto. Cap gains would be if you sold above the price you mined the coin at.
Hi.. Im in south africa. I have started test mining on a laptop...its like couple of cents a day...was a test drive though...which equipment you can recommend for a beginner on a low tight budget? Is second hand equipment fine.or it will pile up extra costs? ...any recommendations will be highly appreciated. Thank you
I have accumulated it over 3 years. Market has changed a ton over that time. Head on over to ASIC Market Place and you can price things out there. Link in the Video Description.
Thats a tough one as your options are limited. Especially if your trying to go down the route of No KYC. CoinBase, KuCoin, Crypto.com are very popular ones.
im worried ill mess something up sending it to my bank what ive been doing was swap everything over to doge sending it to robin hood sell it then transfer to my bank@@TheHobbyistMiner
Hello , great contnet mate:). What do you think is it possible to run Iceriver KS3 mining setup at apartmenet building flat with neighbours close by? Is there a risk considering high power demand on usual home power cicruits? THX:)
Doubtful. So first you need a 30amp 240v dedicated for Mining. Than you need to constant freshair and than exhaust the heat. Will be a mess. I recommend you buy a KS3 and Host it!
This video is total BS! I dont know anything about crypto/mining but, let me correct the video makes mistakes! First of all, he claim per kw rate in PA around 5,5/ 6 cents and he claimed he negotiated with service provider, I am not buying this and in most US states charge around from 9 to 15 cents, So which makes his energy pill going to more than double last but not list, he never add his labor, is the house was empty? it could be rented! and Most importantly, mining equipment DOES NOT last forever! they are good for 4/5 years most, thats what internet saying, So, you have to add equipment price to your cost.
Curious as to what your total investment in all that infrastructure and hardware is. What’s the money value of your mining assets. This would help put everything into context because ROI turnaround is important as well
GRRRRRRRRRRRRRRRREAT WATCH! keep up the good work my friend. This Great for newcomers.
Thanks, will do! I am glad you enjoyed it!
I'm in Poconos PA, yea it's very cold for sure, great for mining:) Awesome video but I think it's missing the hardware cost, it would be great to see the ROI.
So hardware cost is tough, As I have accumlated this hardware over 3 years. A large % is also sponsored/partnered hardware from the CZcams Channel. So I am not a good example for ROI. I thought about adding it to the video but would be very skewed.
skewed is better than misleading as the equipment didn't just appear on your doorstep. And what about the cost of the shed......@@TheHobbyistMiner
Fantastic... for real hats off to you on the journey. Thanks for helping the .001 percent of people doing this. I'm 1 of them. 💯
Glad to help
great breakdown! Thanks for being transparent. I had to shut my stuff down last year as rates have went up.... our power companies have monopoly(DTE and Consumers Energy) and rates here in MI range from .1731-.1866 cent year round when all fees are added.
That is brutal! If things got bad I would hold my equipment and just buy/trade the coin I think.
i would love to pay .18 cent / kw, up here in mass its like .31 cents now, National grid just jacked the prices again
Where I live in CA, summer peak rates are .62 kWh
First! 😀
Dang that was Fast!
Definitely awesome video, and very useful info
Glad you think so!
That electric rate is 1/3 of the commercial rates we can get here :(
Great video! Thanks for the transparency, it's much appreciated and very helpful.
Glad it was helpful!
Great video once again, I even finished my popcorn :)
What’s your thoughts on the Bit main Ant miner - HS3 Handshake Miner (9 TH/S)?
I’m thinking of getting one but can’t quite push the button.
I honestly don't follow the Handshake project. However Nothing points to that miner for me as a good investment. I personally wouldn't buy an HS miner.
Appreciate the honesty
Ofcourse!
I just started mining in Australia today with a KS0 hopefully I get to your level
I'd also love to see this compared to the value of your equipment. The number I'm really interested in is your CAP rate.
Enjoyed the shed builds and your infinity cooling solutions. Great electric price, here in Tucson, AZ they've doubled our electric bill with "cheap renewable energy" , in just a year. I'm actually paying twice as much per KWH as last year. Damn! P.S. that's $0.23/kwh to be close... Also, many utility companies are trying to get their states to pass laws allowing them to make their base charge dependent on income. Usage will be on top of those charges. Our rate schedule is so complicated now that the utility company doesn't post their rates but rather, posts a spreadsheet based on usage. Tucson had to renew their rights to have power poles in the city, and that caused some of the rate increase. The city wanted all underground power in the city which would enable them to redesign the streets when trenching up the roads for their 15 minute city design which got voted down in a recent election. That hasn't stopped them as now they are after rapid transit projects we don't want that are also stupid ... anyway, great videos fren!
do you still mine?
@@SalmanSaleem1985 i CPU mine and use radio to mine Crankk, but electricity is too costly for the GPU's
@@johngermain5146 how much is your kwh
i wish i can be like you when i grow up
Aww Thanks!
Wow that electricity in the US amazing here in AU cheapest besides getting solar is about 32.67c per kWh
Thats insane!
I wonder if wither or not can you get rich?
Thank you for all the great content. New to mining and your videos have been very helpful. Had quick question. What is the ballpark life expectancy of a miner such as the Ice River KSO Pro? Any tips for extending life of miner? Thanks for info!!!
Could be 1 Week could be 10 years. It really is hit or miss.
Sir for the GPU mining RTX 3070, how many cards running to earn $4 daily? Thanks for the vlog. It inspires me.
Don't let newbies think it's all easy n good you forgot cost of miner upfront
Great Point! So hardware cost is tough, As I have accumlated this hardware over 3 years. A large % is also sponsored/partnered hardware from the CZcams Channel. So I am not a good example for ROI. I thought about adding it to the video and actually began to, than took it out as its not realistic.
Great Video!
Glad you enjoyed it
awesome vid. im on long island. little close to you. I have a Ks0 pro. Helium, a few phone miners and a hivemapper. I want to get more miners. Can i do the ipollo 2800 watts to my home outlet?
Be Careful, you really need to know how many watts are being consumed on a Breaker. Having dedicated Circuits is the best way to go.
Great write up about your costs and profits!
Glad you liked it!
Great video, but you left 2 of the most important parts of the math equation out. How much you have in the equipment, and how much someone without a CZcams channel would have in the same equipment.
Great Point! So hardware cost is tough, As I have accumlated this hardware over 3 years. A large % is also sponsored/partnered hardware from the CZcams Channel. So I am not a good example for ROI. I thought about adding it to the video and actually began to, than took it out as its not realistic.
@@TheHobbyistMiner those are great points as well, and now that you explain it, that makes sense. I guess the closest you could get is listing the price of what it would have costed you (if it wasn't partnered) at the time you acquired it. But unless you wrote it down at the time you received it, that data probably isn't available anymore. Great video, regardless.
I'm from PA also it is cold I feel u
Ready for Spring! But my Miners love it!
I liked your video, could you teach us how to set up the hole thing for dummies/beginners?
Hi Guys, I Follow you from France, I like your videos keep going 💪
Awesome! Thank you!
@TheHobbyistMiner your installation is incredible, but how do you do to have enought power? ( sorry for the english)^^
@@maximus-cg3zy I have 2 x 200amp Locations where homes are. Using 150amps at each for mining.
Oh ok great
You’re awesome as is your content and channel. I would be seriously interested in the total expense for all of your equipment and infrastructure. I also see that “this” has been addressed in the comments. And your response to said question is valid.
This would allow me to truly gauge the “expense” and the profit. I understand that as crypto fluctuates, so do your values and expenses for said miners and etc. Thanks for the education! Cheers and best of luck from Central Virginia.
Thank you for the kind words!
Great videos! If you mine and hold, do you pay the cap. gains taxes out of pocket at the end of the year?
Thank you! Currently I am holding everything I mine.
@@TheHobbyistMiner nice! I do the same.
You'd only pay income taxes at the end of the year if you didn't sell any crypto. Cap gains would be if you sold above the price you mined the coin at.
Hi..
Im in south africa. I have started test mining on a laptop...its like couple of cents a day...was a test drive though...which equipment you can recommend for a beginner on a low tight budget?
Is second hand equipment fine.or it will pile up extra costs? ...any recommendations will be highly appreciated.
Thank you
I think after halving this miners will be uselss.
Making bank. I wonder how much Red Panda is making.
I bet he is doing very well for himself.
How long is your intro, then an add? Gaaaadddd
How much does the equipment cost ?
I have accumulated it over 3 years. Market has changed a ton over that time. Head on over to ASIC Market Place and you can price things out there. Link in the Video Description.
@@TheHobbyistMiner yea but I wouldn't even know where to start and what I would need
Stop in Discord, Lots of great people to chat with and ask begineer questions. Or lets get a 1 on 1 call scheduled, go over to thehobbyistminer.io
video on exchanging transfer and sending to bank account 😁😁😁😁😁😁😁
Thats a tough one as your options are limited. Especially if your trying to go down the route of No KYC.
CoinBase, KuCoin, Crypto.com are very popular ones.
im worried ill mess something up sending it to my bank what ive been doing was swap everything
over to doge sending it to robin hood sell it then transfer to my bank@@TheHobbyistMiner
Hello , great contnet mate:). What do you think is it possible to run Iceriver KS3 mining setup at apartmenet building flat with neighbours close by? Is there a risk considering high power demand on usual home power cicruits? THX:)
Doubtful. So first you need a 30amp 240v dedicated for Mining. Than you need to constant freshair and than exhaust the heat. Will be a mess. I recommend you buy a KS3 and Host it!
intro is too long
This video is total BS! I dont know anything about crypto/mining but, let me correct the video makes mistakes!
First of all,
he claim per kw rate in PA around 5,5/ 6 cents and he claimed he negotiated with service provider, I am not buying this and in most US states charge around from 9 to 15 cents, So which makes his energy pill going to more than double
last but not list, he never add his labor, is the house was empty? it could be rented!
and Most importantly, mining equipment DOES NOT last forever! they are good for 4/5 years most, thats what internet saying,
So, you have to add equipment price to your cost.
Tisk Tisk. Do your Research Little Timmy! Let me Pin your Comment, love it!
czcams.com/video/VKHORfUyBWE/video.html