How Much MONEY Can You Make MINING CRYPTOCURRENCY | $500 Budget Mining Rig - Part 3
ฝัง
- เผยแพร่เมื่อ 20 ก.ค. 2024
- In today's video we discuss How Much Money Can You Make Mining CryptoCurrency with a Hardware Budget of $500. In our last video we build a $500 Budget GPU Mining Rig utilizing a small cash investment. The graphics card of choice for this GPU Mining Rig was the MSI Geforce GTX 1660 TI OC Graphics Card. Well it's been 10 days, lets review our Daily Profitability to determine How Much Money Can You Make Mining CryptoCurrency.
This is a 4 Part TH-cam Video Series on Building your First GPU Mining Rig
🔸Shopping for Parts - Part 1 - • Build Your First Minin...
🔸Building your FIrst Rig Step by Step - Part 2 - • How to Build your Firs...
🔸How Much Is My GPU Rig Making - Part 3 - • How Much MONEY Can You...
🔸Expanding your GPU Rig to More Cards - Part 4 - • Build a GPU Crypto Min...
⭐Full GPU Mining Rig Build Playlist • How To Build A Mining ...
𝐏𝐚𝐫𝐭𝐬 𝐔𝐬𝐞𝐝 𝐢𝐧 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐕𝐢𝐝𝐞𝐨
MSI Geforce GTX 1660 TI OC Graphics Card: amzn.to/3sUmiXy
Kill-A-Watt Voltage Meter amzn.to/35OxmOnA
𝐕𝐢𝐝𝐞𝐨𝐬 𝐋𝐢𝐧𝐤𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐕𝐢𝐝𝐞𝐨
How to Build your First CryptoCurrency Mining Rig | Step by Step
Beginners Guide • How to Build your Firs...
Build Your First Mining Rig for $500 | Beginners Guide to Crypto Mining Rigs • Build Your First Minin...
How to use What to Mine + Discussing LHR Cards • How Much Does It Cost ...
👕𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐢𝐧𝐢𝐧𝐠 𝐂𝐥𝐨𝐭𝐡𝐢𝐧𝐠 𝐒𝐞𝐞𝐧 𝐢𝐧 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫 𝐕𝐢𝐝𝐞𝐨𝐬
www.cryptee.co
Use Checkout DIscount Code "THEHOBBYISTMINER" for 10% Off your Entire Purchase.
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docs.google.com/spreadsheets/...
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GPURisers.com or GPURisers.UK
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#GPUMining #GTX1660TI #CryptoMining #MiningRig #CryptoCurrency #Ethereum #BitCoin #Mining #Graphics Card #PassiveIncome #MakeMoneyAtHome
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00:00 How Much MONEY Can You Make MINING CRYPTOCURRENCY?
00:10 How to Build a $500 Budget GPU Mining Rig?
00:45 How to Get Started Mining CryptoCurrency?
01:00 Make Money Mining Ethereum CryptoCurrency
02:00 MSI Geforce GTX 1660 TI Mining Hashrate
04:00 MSI Geforce GTX 1660 TI Mining Profitability
06:00 How Much We Made in 10 Days Mining Ethereum
08:00 Mine Ethereum CryptoCurrecny from Home
09:00 Earn Passive Income Mining CryptoCurrency from Home
📺𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐢𝐧𝐢𝐧𝐠 𝐘𝐨𝐮𝐭𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 𝐈 𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝:
Altered Component: / alteredcomponent
Bits Be Trippin': / bitsbetrippin
Brandon coin: / brandoncoin
ChumpChangeXD: / chumpchangexd
DJ Mines: / @djmines
HashRaptor: / hashraptor
Mining Chamber: / miningchamber
Red Fox Crypto: / redfoxcrypto
Red Panda Mining: / redpandamining
Sebs Fintech Channel: / @sebsfintechchannel
SerpentXSF: / serpentxsf
Son of a Tech: / sonofatech
TekShinji: / tekshinji
The Life of a Miner: / thelifeofaminer
VoskCoin: / voskcoin
📛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! Everything on this channel is for fun as a hobby and entertainment for you, the viewer. - วิทยาศาสตร์และเทคโนโลยี
This is a 4 Part TH-cam Video Series on Building your First GPU Mining Rig
🔸Shopping for Parts - Part 1 - th-cam.com/video/M0K9kFR4IW0/w-d-xo.htmlsi=sOtVif0OX7akk54K
🔸Building your FIrst Rig Step by Step - Part 2 - th-cam.com/video/S1p4cDJmT4Q/w-d-xo.htmlsi=kz6K_yXe_Ux55Gjs
🔸How Much Is My GPU Rig Making - Part 3 - th-cam.com/video/5zLzDaINgt4/w-d-xo.htmlsi=7RILOFxzqGVnCnDG
🔸Expanding your GPU Rig to More Cards - Part 4 - th-cam.com/video/OAvIngLZ72g/w-d-xo.htmlsi=QwKZ-lwMFL8ZsuGC
⭐Full GPU Mining Rig Build Playlist th-cam.com/video/NDfrugMolMk/w-d-xo.html
Great Video! Only tip I can add to this is to consider 2miners and mine ETH but get paid out in Bitcoin and bypass the ETH gas fees.
How do you mine Ethereum but paid in Bitcoin
@@thatoneguywithnointernet I mine ETH on 2Miners pool and selected to get paid out in BTC. This saves me the gas fees I had to pay.
@@MidwestMining-CryptoForSeniors plan to get latest asic miners for Bitcoin or Ethereum since buying 20gpu for mining sounds expensive
@@MidwestMining-CryptoForSeniors did you build your miner yourself ? Or you purchased a premade rig?
cant mine dat buddy
Yessssss! Its done!
Amazing video and was waiting for this bad boy!!
Great Video! I started mining with around the same budget and set up a small rig with a couple of RX 570 4gb cards mining ETC and was making a profit of around 3.50 a day. I definitely wouldn't recommend for beginners though.
I got rx 580 8 gb...what do u suggest?
@@singhsaab27790 nicehash miner will be easy to set up and it automatically chooses the most profitable algos
Yea i ended up getting 5 rx 570s 😂😂😂 3 of those are 4 gb and were on ergo originally but have touched on a bunch of coins for the few months ive had them 😂😂 added 2 6600xts and recently a 1660super … im hooked now smh 🤦🏼♂️
I just got to say thank you for giving us the time to explain the this mining thing it helped so much not like them other fools channels who just do it to follow the trend and act like there sh💩 don't stink and they are the only people on this planet to do it so thanks your the best ❤😊😊
Yesss been waiting for this to drop 🔥 also first
Brilliant Love that, can't wait to see.
Great video. Can you also share the video on tweaking the power consumption, please?
Would you mind posting the video link and/or explain further on how you impacted and changed your electrical rate? Great video.
Agreed, I looked for it too. Might be on his file/page via he linked screen name.
Thankyou video is what ive need all day my rig of 3 supers and 6 1600 tis has been playing up all day my settings were ok but all day its been restarting i just put your settings in im hashing now stable 281 mhs with afew tweaks thankyou so much for the vid help me with your settings 👍
I´d personally like to adress the 14 days until Payout.
I think this way it is a really bad Idea for someone who has higher electric cost and such. Also ETH fees are still unusually high.
So my proposal would be to not go for etherminer, but 2miners getting paid in BTC instead. That way you get payouts ever 2-3 days if you go to a BTC core wallet and are way more flexible with cashing out.
I´ve had a my rig at 400MHs and it took about two weeks to get my payouts. So my first one I had to cash in to pay for electric and the price was for that timeframe shit. Then the price jumped way up and I was just looking at my payout. After 9 days it was at about 400$ then and I didn´t reach the payout yet. From there the next 5 days until my payout I always read 400$ every day, because the price was falling this quickly.
As a smaller miner who is also trying to build up you need to be more fluent with your cashflow, hence getting paid in smaller sums and BTC instead will be way more consistent then keeping it in ETH.
Love your videos 👏🏻👏🏻❤️
With only one rig and only 4 card with over 4gb would it make sense to mine to ethermine or would u say just mine to hiveon for the no fees ?? Or pay the fee and use ethermine for the convenience of not having the 0.1 eth min payout ??
I started in march with my 2060s for fun. Profitability was 4$/day which was great. I mined nice amount of ETH but placed good part in BTC. Now i wait BTC/ETH to jump so i can buy PS5 and give my brother everything else. Nice short road(less than a year) and nice reward for having fun.
@@Gagtism Yeah but that was last year profitability. Now it's 1.6$/day
I am saving some money which gou do you recommend for beginners like 2 dollars per day
@@akashreddy9449 Now 3070ti/3080 give 2$/day
But that profitability could fall over time
@@kraviznina kk and how many GPUs do you recommend
Buddy plzzz can u give me ur insta id or any other source of contact so that u will help me go in the right direction from the very 1st step ... coz i have limited money ... i cant jus try different things
Thanks I have a old oem 1660ti and from upgrading I was going to sell it but ill look into mining first
Классно мужик, жду с нетерпением следующую серию бюджетного рига🤝
First time commenter here, been watching for awhile now. So I've been mining for a little while now (about 6 months) and I started off with Unmineable and used their pool, doing mostly Litecoin. I have a 4 GPU rig (2 580 8G, a 570 8G, and a 480 8G) and with that rig and that pool on that coin I get paid daily so I'm wondering, why don't more people use that coin and that pool? Seems dumb to wait a week or more for one payout, can anyone tell me why more people don't use Litecoin and Unmineable?
Because unminable takes a portion of your gains and also you take a week to get payout. It's better to mine in ETH and buy LTC with it
@@dbhieu339 Actually with my rig as it is (4 GPUs getting about 118-120 MH) I get paid daily using the Unmineable pool. It's the only one that I know of that has such a low payout threshold, which is why I'm wondering why more don't use it.
I should specific the Litecoin has an extremely low payout threshold, other coins are a bit higher.
how do you get that electric rate mine is 28 cents per kilowatt hour i don’t see the video you said that would be in the description
$ 30.-/ m profit?!
🤦♂️
How do you want to pay back the investment in the rig?!
Your still picking Gpus up getting this close to etherium POS? Are you just hoping another coin takes it’s place? Will you be aiming for that main coin if so or will you be exchanging it to etherium/Bitcoin
They are already moving the POS (shockingly) so why not keep building they have been announcing POS for a couple years now. I think part of it is just to pressure people.
My 5th 6600 will be here Thursday. Gonna modify my 6 you frame to hold 12. Fully aware I might not even come close to breaking even on eth
What about if i install 32 rtx 3080 graphics cards, do you think its worth it
Awesome!!! ❤🔥
Hey there, I can't find the link you mentioned regarding your awesome electric rate.
ditto, was the first thing i went to look for, don't see the link anywhere in that list.
Same here, I even paused this video to look right away lol. would love to reduce my $500+ electric bill 🤑
Been looking as well.
Heyyo so I’m totally new to mining but I understand and have watched both videos prior however what I don’t get yet is how to actually “mine” once you get the equipment
Please take a look at my Guide Playlist. Lots of videos showing this.
Thank ya!
@@TheHobbyistMiner can I use my rtx laptop though? its not being used very much.
Can you make a video how to setup the software part?
How does internet speed apply to mining? I have garbage internet.
By $500, does it include the card and the frame and PSU all together?
Maybe in the usa
Thank you so much for these beginner videos, I need to learn how to mine with a small budget so I can supplement my income.
Once you get started it's a rabbit hole... I started with 1 out of curiosity and a desire to have a side stream of income. I'm now 8 cards deep and about to hit 4 months
Appreciate your comment. Feel free to reach out for more info.
@@thingswithlloyd4581 you mean you’re in debt?
debt with what?@@arielsyoutube5751
This is hilarious lol
It would be interesting to try this with multiple linked ps3s running Linux like how the air force was using 1700 ps3s linked on Linux as the world's fastest super computer for a bit.
….
Hey can you try a test on the Nividia RTX3050
That's pretty accurate
Brilliant love this I'll try it out. Is this the same gpu. ASUS GeForce GTX 1660 Ti TUF EVO TOP 6GB Graphics Card
I have 8 of those and they are beasts for the money... I'm getting 505W and 236MH on a light over clocking
Ethermine has automatic wETH payments available on polygon every .005 eth and that shits a gamechanger
What a complete waste of energy. Take over a year to get your money back off the rig.
what would be the most profitable rig ( no matter the starting cost) if i have literally no electricity fees and can run any amount 24/7??
3060ti prolly.
Asic kda miner
Mans over here making 1 dollar a day. Are you still confused about whats profitable? lmao The money you would sink into a gaming PC or rig would be 1000 times better spent just buying some ETH on coinbase. Dude makes these videos because he wants subscribers and and check from youtube. Even if you have the best cards in the coldest house with great electricity rates the return on the investment will take forever just to break even.
So true- mining for most people is all hype
I don’t recommend anyone buy gpus right now. Roi is 12-18 months on most cards and ETH simply won’t be around that long, not even close to it. 12 month Roi on gpus is the absolute maximum I would do and we haven’t had that in months. Gpu prices have a looooong way to fall imo and the market will be flooded soon. Very soon.
anything is better than nothing.... and you can always be paid out in others like BTC.
I paid way over the top retail prices for all of my cards because of where I live and yes my ROI is ridiculous but it's still banking coin so there is worse things to invest in
Hi , there is no a date for the switch to proof of stake for etherium, so we can still hope and pray
@@thingswithlloyd4581 You are one of those people caught holding the bag. Hahahaha.
With Eth 2.0 coming out isn’t it expect the daily profits to go much lower than they currently are?
I don't think they would go lower than this
the hashrates will transfer to other coins , maybe nicehash gets profitable after eth2.0
@@rikashinozaki459😢
Interesting
2600 mem 1050 core 33.40 mh/s 75w on hiveos
And now after eth leaving the mining world is it still possible ?
I'm watching from Nigeria
*nice video. I just made a solar powered mining rig with 1 1660 ti and lithium batteries. About to make a video on it on my channel*
So 378 days to break even?
Where did you get that small hdmi monitor from.
I appreciate your comment. Feel free to reach out for more info
do a video on adding a new card
You must really want that clip-on mic to feel worth it
can u mine bitcoin using gpus??
Great scalability? looks like ur forgetting PoS
swhoulda just looked it up on aa mining calculater......ps the gtx 1060 is more profitable at half the power draw
What are the new GPUs you’re adding to the rig?
Cool
Can you evn profitably mine on a 3080lhr thesedays. Whats the next coin. KekW
I tried mining on my game PC, but then you can't play games while running the miner. So I used my old PC as a miner, GTX970 running maybe 6 hours a day, I think the most I've seen from it was 3 Mh, so not worth it. I'm glad I tried it, but I'll stop once I reach threshold.
do you game 24/7?
@@seanymack123 Of course not, PC's are switched off when I'm working or sleeping
This card is too old that's why
Appreciate your comments. Feel free to reach out for more info
I was looking last night to see if you ever posted a update on that miner
Miner? I barely know her.
@@Tekillyah 🤣🤣🤣
I don't see the link to video for how you got your electric rate
th-cam.com/video/n7itcw7cvEk/w-d-xo.html
XD when i heard "hello minners" i thought under 18
You forgot to add the links mentioned in video.
I'm confused I don't see how you got electric to that down below
Appreciate your comment. Kindly reach out for more info
$1.13 a day?! Uh I can work an extra hour at work and make 70x that. Scratch that I can take a dump after I’m done working before I clock out and make more than that. How is this profitable after jacking your electric bill up?
1.08 a day is not even bad with profit, but again that times 365 he can make 394.2$ a year which is good and lets you buy more gpus to increase your gains
Very informative and helpful video/ New Member
Return to get Top Cryptocurrency and Technology content.
Electric rate cap
Has CryptoMining been profitable for you? When did you get started is the big question.
:) I’m still mining so yes it’s been very profitable. Dec 2020
hey i got a extra $1220 and i need help negiotating on market place i want to start my first rig
could you help me out figuring out how to negotiate
@@idrxp4549 You basically just say a lower number and tell them you can pick it up instantly and they'll agree to lower the price most times.
Can I know what setup items you use it?
Can't tell which is worse. Miners or GPU scalpers.
1660 super the best for me..i have 6 gpus.
Love it... I have 8 Tuf Gaming and love love love them
Man I did some math and the 1660 super/ti are the most efficient hash/watt/card cost available. You can get 30sols for about 90 watts
Flux ftw!
which is why I currently run 3 PC's with a total of 8x 1660 Ti. It's hard to buy anything else when their consumption increases so drastically which would also mean heat too as I live in a tropical or hot climate.
Is sols solana?
@@lowendpcgamer7583 it stands for Solutions Per Second it's the unit of hashpower for flux mining
no other gpu better than 1660 ti or super ....better to have more 1660ti or super then 1 big gpu ,in case it break you stop your revevue, with multiple 1660 is not the case
Waste of time really. Like picking up pennies in the Taco Bell parking lot 🤣
.005 if you get payed out in polygon
The ROI is way to long for anyone to drop real cash on this. ETH is going to switch over and these folks are gonna be left holding the bag!
Holding a small bag of ETH...
Mining at 0,3 euro khw right now- Almost 0 profit 😢
Feel free to reach out for more info
3060 lhr and 3060ti lhr Hive OS Best Efficient Settings.
ho this can be? I cannot push my 3060 lhr more than 37 Mh ,can you explain?
it's gonna take a few years, maybe even a decade to expand your profitability to be able to call it a passive income, keeping mind, nothing breaks and market is frozen
lol why would it take him a decade to scale?
Whats going on miners
why do you say the minimum on ethermine is 0.1 Eth?, last time i saw it was 1 Eth.
Because it is 0.1 ETH. You need to set your payout.
@@TheHobbyistMiner went again to do that and it says clearly, if i don't want to pay fees, the minimum is 1 eth
@@OscarEduardoRosales You can payout at anytime and just pay gas fees, but if you just look at the price of gas and payout when its low then you are talking a couple of $ nothing more. My last payout when changing platform was just over 0.02 ETH and the gas fee was a few dollars. If you REALLY don't want to pay then it also supports conversion to POLY and transferring to a POLYGON wallet too.
I payout at 0.01 Eth for like 80cents on ethermine.
@@TwiztidHammer how?
It is best to buy coins and hodl at this point; it is cheap at the moment. It is not a good time to invest in hardware for mining. The ROI is not good presently. All the video cards are outrageously overpriced given that they have been out over a couple of years. With an average price of electricity at 10 cents, it will take you more than a year just to break even on any video card at the moment. Anything over a year is not good.
Do you even consider electricity cost ?
Yep
wot is dis?
*Hello what's the best way to get started with trade cos I've been making my personal research for a while now and i still don't know how to start*
Feel free to reach out for more info.
You get paid off avg, reported is irrelevant as miner software would just report higher
Biggest effect on profitability is power cost, stuck in the UK I'm expanding from 8 GPU's slowly. Sadly with power costs even with the most efficient GPU's I can purchase in my price range are only seeing 40$ profit and that will drop to 30% come the energy price cap rise April 1st.
264 MH/s ETH/3.32GH/s TONCOIN/40Sols Flux @ 1.015 KW. Got a 2060 Super on the way for my ninth but even with that we are talking £5 profit at best now and will drop another £1-1.50 in a few weeks.
Really sad times here in the UK for small home miners. Can't even invest in an Bitcoin ASIC with the power cost, they just don't make any profit.
Since I believe in the blockchain and POW I'll mine even if it's breakeven but can't HODL as have to sell to cover power now it's so high.
0.38 cents KW/h end of the month. As I said sad times but keep on mining!
Don't you have cheaper night tariff in UK?
I've got 169mh on ETH at the moment, Im thankfully locked in at 0.18 till next year so will plod on for a bit longer, just starting to sell off my gtx 1070s to replace with rx 6600s and rx 5500 xt's.
Thanks Boris ....:) check out the 1660 Ti
Will you roi with eth??? No, no you won’t. Slightly misleading for new people
Most if not all of TH-cam is misleading when it comes to earnings
Just wish I also in the USA. Gpus in south africa is soooo expensive 😳 😑 😢
Contact
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I hope it's 0 £
Unless u get free power not worth prob
Can you do mining for btc
Contact
+1
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??
CAN'T EVEN GET A DECENT GPU FOR ANYTHING LATELY.
its pretty easy.....especially AMD cards. you can literally go on any number of places right now and buy cards.
The gpu by itself costs $500, where are you getting the whole rig costs $500.
Would it be more helpful to refer to your "watt meter", instead of "voltage meter"?
Yeah, I'm that guy.
Love your vids, none the less.
GPU mining will be over soon
Yup. Although, you could mine other coins such as Ravencoin, Flux, ERGO, and ect....But they are not efficient coins to mine.
justice for targeted individuals
$1 per day??? What a joke
$1 per day……
lol you expected more......