I just thougt of a topic one of you tubers should consider. Does all the level2 scalling drop mining rewards more and if so( like i think) by how much. It be nice to here some different opinions from the community.
Me with my 3 gpu rig just happy to be a part of the ride, you red panda, Brandon coin, hash raptor, I know I’m forgetting one or two have made the better side of the community. It’s awesome to see the ones jump ship due to short term profit dips, means the rest of us are here for more than just profit.
Knowing someone in the semiconductor industry slot of people are going to disappointed when the prices don’t drop for years. The shortage goes a lot deeper then miners grabbing up all the cards
At this point I ain't even surprised anymore tbh. I though last december that shortages would end by summer this year.... boyyyyyyyy am I wrong about that. looks more like summer 2022 at this point
if that happen. are we gonna force to buy expensive asic miner innosilicon for Ethereum 2? or there will be a company that will provide cheap mining machine for us. if we can no longer mine on Ethereum proof of work using gpu mining rig??
For a guy who has only just discovered crypto and mining (yeah im a bit late to the party) thank you very much, this was very useful info. im so glad to not have jumped in so fast without researching. sad, i would have loved to have built up a gpu farm. going to wait for after eth 2.0 drops and see how profitability looks then and what the gpu prices look like too. until then ive got my gaming pc cranking out 42mh :D thanks again MC!
1. Nvidia Cards will be more future proof after Eth 2.0 2. Profits will most likely be HALFED (even less) mining other coins. 3. GPU will be cheap for panicked miners selling their rigs and it's the best time to buy IF you have fairly cheap electricity cost. 4. Eth 2.0 might happen towards the end of 2021.
Never missed a video from your channel bro!! Keep up good content always. Hopefully gpu 8gb mining will last till 2028. But whoever that thinks gou mining is dead and scared about losing money just be patient. There are tons of people out there that more gpu than us. They more worried than us especially. So be happy and keep mining guys!!
And after eth changes you will mine RVN coin gpu mining is not stopping the coin you mine will change , but listen to those that don't know anything about
@@UPsideDOWNworld321 bro, i just bought 6x rtx 3070 and i will start mining in like 4 days. I can also return everything. My friend whos mining says that after ETH 2.0 the price should go up. Should i return everything? or should i just go on with this? thanks for help
@@filipciumusic bro there GPU's they can mine all kinds of coins ,, you dont have to stick with eth at all.. after ETH 2.0 people will probably start mining a different coin thats why GPUs are sold out because they can mine almost all coins .. so you will always have and exit plan ,, you dont have to sell!! IF everyone starts mining other coins just follow what there doing the coins always go up when people start mining them.
Good video as always. I am personally still thinking whether I should sell my gpu’s or not cuz where I live, its 0,25 cents per kilowatt which is not an issue at the moment but when eth goes to POS it might be. Any advice?
EXCELLENT VIDEO!!! Loved how you made this easy to understand. I definitely also believe we can see an 80%-90% drop in revenue coming... It is not stopping me either as I believe Ethereum may never actually move to the “merge” or it still could be 2-3 away meaning we will ROI many times until then. Maybe that’s just hopeful thinking and I am still preparing for the worst case situation
hey my friend..when they release eth 2.0..and block eth from mining..what do you think about the eth price.. will it be increased or decreased ? Thank you :)
why are the other coins less profitable when ethereum goes away? as the hashrates of ETH go to diffrent coins, doesn't the price or hashrate go up on the others?
So eventually banks and whales will own most of the ethereum and make all the rewards. This just rewards people holding large amounts of eth and these are the people making the rules
How do you guys manage to get so many gpus? My new pc sits on the desk without a graphic card for months and in my country prices are inflated with 300% 😔
Hi , i havent watched a video yet , but just have a quick question from the start. Ethereum isnt the only mining software is it ? so cant we just mine with others ?
Appreciate the comment and thanks for watching. Do stay tuned for improved content and feel free to reach out if you need any clarifications and guidance ..[т̲̲̅̅н̲̲̅̅є̲̲̅̅ ̲̲̅̅м̲̲̅̅i̲̲̅̅и̲̲̅̅i̲̲̅̅и̲̲̅̅g̲̲̅̅ ̲̲̅̅c̲̲̅̅н̲̲̅̅α̲̲̅̅м̲̲̅̅b̲̲̅̅є̲̲̅̅я̲̲̅̅ ̲̲̅̅@̲̲̅̅ ̲̲̅̅g̲̲̅̅м̲̲̅̅α̲̲̅̅i̲̲̅̅|̲̲̅̅•̲̲̅̅]
12.39 Am I missing something with this table? To my knowledge kWh is usually priced from 0.10~0.13 euro in the US? What is this table suggesting? Monthly consumption for 24/7 use?
Hey man, thanks for sharing the information. Now that ETH 2.0 is scheduled for August 4. What should be the strategy for miners? What to mine? Can you do an an update video? Thanks again for your efforts.
Hi, Considering that Ethereum won't be mine in a few months and ethereum users have come to extract ravencoin or classic ethereum, the difficulty of the network will increase for Ravencoin or eth classic , it is possible to make less profit??? I want to buy 3 6800 Now this set gives $10.11 on Ravencoin, after Ethereum 2, is it less profitable than 10.11??? Tnx man i hope u answer that it kind of important to me
maybe Eth 2.0 will more then double the value of Eth then it would continue to be profitable? Anyway it would just be to casually mine from my gaming card if i ever maange to get one at reasonable price for my gaming pc lol
@@drankenwizard7602 raven coin will always be pow Also staking is awful my dot was staked and locked up for 21 days i tried to sell at peak and couldnt - missed 3grand there
@@Cosdis I'm in a very lucky situation - I'm doing a masters degree which will end in 2023, so I get to sit back with no need at all to play games, then come out and hopefully get a nice job, just in time to afford the newest generation of hopefully bountiful and cheap graphics cards. It sucks that it's going to be mid-2022 that the market starts to return to normal, but at least it's going to return somewhat. At least finally GRAPHICS cards can be used to provide GRAPHICS to people, not mining :)
Hey Brother I have a quick question regarding a previous video you did on bios modding on a rx 580. I've followed your video to a tee and am stuck on one part. When you did the amdvbflash -i on your command prompt it showed the gpu. The section listed as (bios p/n) you had a number on there (113-F1). When I brought up mine the bios p/n section was blank. I'm worried that if this portion isn't similar and go ahead with the bios flash something may go wrong.
All the altcoin pools will be saturated with the ETH CPU’s once 2.0 full kicks in. You’ll need to time this well due to the market being flooded with GPU’s. Best thing to do sell your equipment and jump into helium.
When ETH 2.0 comes do you think it would be profitable to convert a GPU mining rig to a storage mining rig like chia? PCIe stots could hold M.2 or NVMe cards to provide fast storage. I think you could probably sell the GPUs to buy SSDs and make equivalent money. You would probably be ahead on electricity bills but behind on the wearing out SSDs. Maybe you could do a video?
I do have a video out on chia already but you can't really "convert" unless your going to sell your gpus fully to farm chia. Then you have to ask your self is chia worth it? Without pools it's a mouse chase, until they implement pools, it will be more clear
Nice video, thanks for making it. I however do not understand "your plan". You said you are going to be looking out for deals on cards, so I presume you will keep increasing your mining capacity? But what are you going to mine, what will the strategy be?
Appreciate the comment and thanks for watching. Do stay tuned for improved content and feel free to reach out if you need any clarifications and guidance ..[т̲̲̅̅н̲̲̅̅є̲̲̅̅ ̲̲̅̅м̲̲̅̅i̲̲̅̅и̲̲̅̅i̲̲̅̅и̲̲̅̅g̲̲̅̅ ̲̲̅̅c̲̲̅̅н̲̲̅̅α̲̲̅̅м̲̲̅̅b̲̲̅̅є̲̲̅̅я̲̲̅̅ ̲̲̅̅@̲̲̅̅ ̲̲̅̅g̲̲̅̅м̲̲̅̅α̲̲̅̅i̲̲̅̅|̲̲̅̅•̲̲̅̅]
Eth 2.0 will be the great mining equalizer for 8gb and 4gb cards when everyone shifts to ETC and RVN. So better get 4gb cards now if you can source them cheap, mine RVN/ETC and not worry about Eth 2.0 anymore.
@@mrazspeaks9071 yes. cost efficient yan sa Ravencoin basta makukuha mo siya in around 7k price kaso wala yata mabilhan ngayon kahit second hand pinipresyohan ng 9k. May nakuha akong RX 570 4GB 12mhs siya sa RVN maganda rin.
dont count on that, maybe a 1/4 of em will dump their cards cause they are to impatient to wait for the smoke to settle a few weeks after eth is done with POS. but rvn or some other coin that gets to be most profitable, like whattomine.com does they will keep on mining... if they have a clue.
@Mining Chamber at 0:50, how could you maintain 4.0 G hashrate at your ethermine dashboard while your rigs only output 2.5G hashrate in more than 8 hrs? Thanks ahread.
currently eth profitability on a 3080 $5.70 daily. On ravencoin 4dollars daily... People have been mining ethereum when they were getting less than 1dollar daily... do you really think it will make a difference lol?
lol, lets just forget the shortage in the whole electronic business, oh and lets just forget the other coins that are still mineable with an GPU. the fact you act like ETH is the only reason we see a shortage of GPU's is making me laugh. Chipmakers already announced they expect shortage's to last the coming years, YEARS. For example, Sony and Microsoft still cant produce enough consoles thanks to shortage's and its been half a year already. So no next year we wont see a drastic drop in prices, but keep dreaming.
Even if the profits go down hard, I will continue to mine. It's a bit weird but mining is kind of fun from my point of view. Hell, even when I used to do folding @ home for years, it was fun to see my stats go up.
Bro can we mine other etheurem based coins after 2.0 or all other eth based coins will be in 2.0 system? So we cannot mine any coi' with asic machines? Do you advice to mine with asic miners?
It is not arguable that moving away from gpu mining is environmentally friendly no matter how you look at it, it clearly is. 1) people mine Bitcoin all over the world and you don’t pick what kind of energy your power grid is on. 2) even if you are mining on a clean grid that is taking up capacity that could be used for other things. No matter how you look at it the process of crypto mining using GPU’s is destructive to the environment.
GPU mining is maybe 1% as environmentally destructive as mining the materials needed for solar panels and batteries, but you never hear anyone complaining about that. It's because nobody really cares about the environment; they care about giving the appearance of caring about the environment.
suppose u're not mining. instead have a job. u commute. the vehicle u use consumes gas. it is still destructive to environment. capitalism, fundamentally, is a destructive idea.
Just my luck, every time I want to try something new, shit happens that'd fuck everything up. I took a loan to buy gear and start mining, but I didn't think it'd be this tricky and risky after ETH 2.0.
One aspect you forgot is the fact that a coin that is being mined more than before should in theory rise in value as it would be more scarce and traded much more than currently.
Rewards on RVN are gonna be cut by lets say 50% from all the hashrate moving over.... then by another 50% because of the halving. RVN uses more power so most people will not be profitable on RVN which is the most talked about coin for GPU miners
So you are telling us don’t buy cards on one video and buy on onother ... from what I just saw in your videos I’m so confused about what are u explaining about eth2 also , need another video of eth2 ASAP
Appreciate the comment and thanks for watching. Do stay tuned for improved content and feel free to reach out if you need any clarifications and guidance ..[т̲̲̅̅н̲̲̅̅є̲̲̅̅ ̲̲̅̅м̲̲̅̅i̲̲̅̅и̲̲̅̅i̲̲̅̅и̲̲̅̅g̲̲̅̅ ̲̲̅̅c̲̲̅̅н̲̲̅̅α̲̲̅̅м̲̲̅̅b̲̲̅̅є̲̲̅̅я̲̲̅̅ ̲̲̅̅@̲̲̅̅ ̲̲̅̅g̲̲̅̅м̲̲̅̅α̲̲̅̅i̲̲̅̅|̲̲̅̅•̲̲̅̅]
Im new to the cripto world with a weak laptop with a GTX 1060, which i don't know how to calculate my electricity cost and now i see this news, which are terrible news.
Best VIDEO EVER!
Sup
BEST TUBER EVER
@@MiningChamber THATS YOU!
Now kiss
I just thougt of a topic one of you tubers should consider. Does all the level2 scalling drop mining rewards more and if so( like i think) by how much. It be nice to here some different opinions from the community.
Welcome back guys
thank you my friend! ETH may go away but I never will
Came for the short answer, recieved it quicker than I thought. Appreciate it! Keep it up!
@@sakasegun3820 scammer
People will buy GPUs for mining even if they pay themselves back in 20 months (including me)
@@precursors facts!
Scammer banned 🚫
Me with my 3 gpu rig just happy to be a part of the ride, you red panda, Brandon coin, hash raptor, I know I’m forgetting one or two have made the better side of the community. It’s awesome to see the ones jump ship due to short term profit dips, means the rest of us are here for more than just profit.
eh...there still here for profit. There just willing to gamble a big more on the future increases.
I’ll add Vosk
Knowing someone in the semiconductor industry slot of people are going to disappointed when the prices don’t drop for years. The shortage goes a lot deeper then miners grabbing up all the cards
At this point I ain't even surprised anymore tbh. I though last december that shortages would end by summer this year.... boyyyyyyyy am I wrong about that. looks more like summer 2022 at this point
Hug your GPUs tight and don't let go - not a financial advice 😶
@@MiningChamber The LHR cards will literally make all the cards made before the nerf worth even more now... GG PC building 2021
Guy's I am from India.....can I see price drop in next 4 month's
@@akashnv7403 no way
So then what do we use?
Can I switch to mining BTC instead of ETH when 2.0 comes? Is it even possible to mine BTC with GPU?
Me who is literally just getting into mining: Well, I'll go from $0 per day to $10 per day. I'm happy!
We're late to the party lol 😕
Ya, we probably won't roi before eth2
Same here we will have to use the GPUs to build gaming PC we won't need.
Infooo
if that happen. are we gonna force to buy expensive asic miner innosilicon for Ethereum 2? or there will be a company that will provide cheap mining machine for us. if we can no longer mine on Ethereum proof of work using gpu mining rig??
Hey I really want to start mining and build a mining rig but is it still worth it
do you think the prices of other coins will increase when more hash rate goes into them or drop?
It most likely will increase but definitely just speculation
when more hash rate goes into them, the difficulty will increase so much
For a guy who has only just discovered crypto and mining (yeah im a bit late to the party) thank you very much, this was very useful info. im so glad to not have jumped in so fast without researching. sad, i would have loved to have built up a gpu farm. going to wait for after eth 2.0 drops and see how profitability looks then and what the gpu prices look like too. until then ive got my gaming pc cranking out 42mh :D thanks again MC!
1. Nvidia Cards will be more future proof after Eth 2.0
2. Profits will most likely be HALFED (even less) mining other coins.
3. GPU will be cheap for panicked miners selling their rigs and it's the best time to buy IF you have fairly cheap electricity cost.
4. Eth 2.0 might happen towards the end of 2021.
@maria fr It will profit for sure, just not as much as it profits currently.
Lol wrong
I am here in 2022
@@KB-iz5eg y
Feeling very scary as a miner
Where would 600 T/hash will go after Eth 2.0
That was HUGE T/hash ..
GPUs Dogecoin or Litecoin probably.
RAVEN COIN WOULD BE THE BEST OPTION
Raven coin it's the perfect one
erg possibly as well, but rvn is most likely next eth i guess
So will all Ethereum coins be affected including Ethereum classic ???
Should this not increase the value of eth?
Never missed a video from your channel bro!! Keep up good content always. Hopefully gpu 8gb mining will last till 2028. But whoever that thinks gou mining is dead and scared about losing money just be patient. There are tons of people out there that more gpu than us. They more worried than us especially. So be happy and keep mining guys!!
Hey bro, where is your vape content... hahaha...
Thank you very much! And well said ;)⛏️⛏️⛏️⛏️
I NEED GPUS AT MSRP, I HOPE MINING DIES
@@leeleebeebee don't tell me it's for gaming.
You stupid asrse miner buying out gaming consumers cards
Is ETH 2.0 good or bad for the price of Ethereum?
It’s good for the BUYERS of crypto but not too good for us miners lol but I think it should be good for price
@@lolyouwontfindme6070 Thanks for clarifying!
Saving up for the GPU sale once the merge happens.
What do you think about 3090? Return of investment is around 10 month.
I will continue to mine ETH till the very last second 🤣👌 Happy mining! ⛏
when exactly it will end?
And after eth changes you will mine RVN coin gpu mining is not stopping the coin you mine will change , but listen to those that don't know anything about
@@UPsideDOWNworld321 bro, i just bought 6x rtx 3070 and i will start mining in like 4 days. I can also return everything. My friend whos mining says that after ETH 2.0 the price should go up. Should i return everything? or should i just go on with this? thanks for help
@@filipciumusic bro there GPU's they can mine all kinds of coins ,, you dont have to stick with eth at all.. after ETH 2.0 people will probably start mining a different coin thats why GPUs are sold out because they can mine almost all coins .. so you will always have and exit plan ,, you dont have to sell!! IF everyone starts mining other coins just follow what there doing the coins always go up when people start mining them.
I just believe RVN coin will be the next big thing.
Can you help me start my first mining rig?
Bro what happened after Ethereum 2.0 after 2.0 mining finished can we mine other coins or not reply please
Good video as always. I am personally still thinking whether I should sell my gpu’s or not cuz where I live, its 0,25 cents per kilowatt which is not an issue at the moment but when eth goes to POS it might be. Any advice?
0.04 cents where i live, 0,25 cents per kilowatt this is too much, around 25-40$ in a month for the electricity of one GPU
If you do, plz sell me just 1
If Eth 2.0 comes out. Does that mean we can't mine with "Ethash" and "Etchash" algorithms?
@@colnando why the fk would they do that? who is controlling this?
EXCELLENT VIDEO!!! Loved how you made this easy to understand. I definitely also believe we can see an 80%-90% drop in revenue coming... It is not stopping me either as I believe Ethereum may never actually move to the “merge” or it still could be 2-3 away meaning we will ROI many times until then. Maybe that’s just hopeful thinking and I am still preparing for the worst case situation
Good videe. One thing to keep in mind is the possibility of the profits going up along with the hashpower due to coin prices.
Where can i watch a video about setting up a mining rig?
hey my friend..when they release eth 2.0..and block eth from mining..what do you think about the eth price.. will it be increased or decreased ? Thank you :)
increased
When Eth 2 come, what happens with our Eth in wallet?
According to Seth developer your eth is save, ETH 2.0 only upgrade their blockcain system
Any updates. Looking to build but at 2x msrp don’t want to get burned right out of the gate.
So if planning for a new rig, I should wait or go for it?
why are the other coins less profitable when ethereum goes away? as the hashrates of ETH go to diffrent coins, doesn't the price or hashrate go up on the others?
So eventually banks and whales will own most of the ethereum and make all the rewards. This just rewards people holding large amounts of eth and these are the people making the rules
How do you guys manage to get so many gpus? My new pc sits on the desk without a graphic card for months and in my country prices are inflated with 300% 😔
Well I buy with 300% higher price or buy second hand
second hand
Hi , i havent watched a video yet , but just have a quick question from the start. Ethereum isnt the only mining software is it ? so cant we just mine with others ?
your full time job is mining ?
ETH 2.0 will killer mining soon? Or not more miner to ETH?
There will be no more eth mining but you can mine other coins
@@MiningChamber other coin mining is also profitable to some extinct right?? By the way loved ur content and subscribed👍
@@terabantai4235 yes, check out my latest video I show top 5 GPUs with other algorithms . Thank you!
@@MiningChamber but you said short answer is No.
when everybody starts mining ethereum classic what do you think will the price increase as well ?
There is surely a possibility! Same goes with Ravencoin
How much worth of equipments I need to make 100$ approx daily?
Thanks for the great video. Im planning to buy a rig, but after watching im a bit scared. what do you think?
Appreciate the comment and thanks for watching. Do stay tuned for improved content and feel free to reach out if you need any clarifications and guidance
..[т̲̲̅̅н̲̲̅̅є̲̲̅̅ ̲̲̅̅м̲̲̅̅i̲̲̅̅и̲̲̅̅i̲̲̅̅и̲̲̅̅g̲̲̅̅ ̲̲̅̅c̲̲̅̅н̲̲̅̅α̲̲̅̅м̲̲̅̅b̲̲̅̅є̲̲̅̅я̲̲̅̅ ̲̲̅̅@̲̲̅̅ ̲̲̅̅g̲̲̅̅м̲̲̅̅α̲̲̅̅i̲̲̅̅|̲̲̅̅•̲̲̅̅]
12.39 Am I missing something with this table? To my knowledge kWh is usually priced from 0.10~0.13 euro in the US? What is this table suggesting? Monthly consumption for 24/7 use?
Brother, my question if I have Msi B550 tomahawk and AMD Rx580 and AMD Radeon 7900 GPU will this be mining on Krypter with PSU 700 watts?
Bro I like that background, what Bike is that?
Thank you legend 🙌 it's the Ducati 2021 950 supersport it's just 🔥🔥🔥
Hey man, thanks for sharing the information. Now that ETH 2.0 is scheduled for August 4. What should be the strategy for miners? What to mine? Can you do an an update video? Thanks again for your efforts.
This video not aged well , proov of stake will end with etherium gpu mining soon , i advice you to wait what will happen .
@@marcosgalvao3182 wait for how long?
can ASIC miner E9 mine ETC after Ethereum goes 2.0
Hi, Considering that Ethereum won't be mine in a few months and ethereum users have come to extract ravencoin or classic ethereum, the difficulty of the network will increase for Ravencoin or eth classic , it is possible to make less profit??? I want to buy 3 6800 Now this set gives $10.11 on Ravencoin, after Ethereum 2, is it less profitable than 10.11??? Tnx man i hope u answer that it kind of important to me
Prices wont drop much for gpus
We will mine other coins eth 2.0 wont stop us at all
This industry is just warming up
You are 100% correct. :)
maybe Eth 2.0 will more then double the value of Eth then it would continue to be profitable? Anyway it would just be to casually mine from my gaming card if i ever maange to get one at reasonable price for my gaming pc lol
hope all cryptos will be on PoS
@@drankenwizard7602 raven coin will always be pow
Also staking is awful my dot was staked and locked up for 21 days i tried to sell at peak and couldnt - missed 3grand there
I'll start mining in March 2022 with 10 RTX 3060 non lhr. Will this be worthy or not? Kindly reply. I'm your subscriber thank-you
Great vid. Cant wait for the market to drop a little more so retail stores can restock gpus 😂
this comment didnt age well :(
@@ivanherrera2899 Summer 2022
@@Cosdis I'm in a very lucky situation - I'm doing a masters degree which will end in 2023, so I get to sit back with no need at all to play games, then come out and hopefully get a nice job, just in time to afford the newest generation of hopefully bountiful and cheap graphics cards. It sucks that it's going to be mid-2022 that the market starts to return to normal, but at least it's going to return somewhat. At least finally GRAPHICS cards can be used to provide GRAPHICS to people, not mining :)
in other way we should keep our eth that we have now or we have to sell it before mining stop ?
It doesn't mean you need to sell it no, you can still trade it
Hey Brother I have a quick question regarding a previous video you did on bios modding on a rx 580.
I've followed your video to a tee and am stuck on one part. When you did the amdvbflash -i on your command prompt it showed the gpu. The section listed as (bios p/n) you had a number on there (113-F1). When I brought up mine the bios p/n section was blank.
I'm worried that if this portion isn't similar and go ahead with the bios flash something may go wrong.
All the altcoin pools will be saturated with the ETH CPU’s once 2.0 full kicks in. You’ll need to time this well due to the market being flooded with GPU’s. Best thing to do sell your equipment and jump into helium.
Yes , proov of stake will finish with gpu mining , some people dont believe in this .
some news said this June will happen the staking transition???????????
Really good video and information! Thanks man!
thnx again for learning!
Do you think mining with gpu would be over. I just bought more gpu and have time to return, I haven’t even use them ¿
Return the gpu better. Mining is over. Buy btc or ether with the gpu money.
yeah sell your gpus asap.. i know already a buyer.. dm me and ill hook you up hehe :)
Thank god gpu mining is Ending, i can finally get a good gaming pc
When ETH 2.0 comes do you think it would be profitable to convert a GPU mining rig to a storage mining rig like chia? PCIe stots could hold M.2 or NVMe cards to provide fast storage. I think you could probably sell the GPUs to buy SSDs and make equivalent money. You would probably be ahead on electricity bills but behind on the wearing out SSDs.
Maybe you could do a video?
I do have a video out on chia already but you can't really "convert" unless your going to sell your gpus fully to farm chia. Then you have to ask your self is chia worth it? Without pools it's a mouse chase, until they implement pools, it will be more clear
I'm late to the party just when I was thinking about building a lil rig man proof of work is leaving what do I do now 😔
Nice video, thanks for making it. I however do not understand "your plan". You said you are going to be looking out for deals on cards, so I presume you will keep increasing your mining capacity? But what are you going to mine, what will the strategy be?
Appreciate the comment and thanks for watching. Do stay tuned for improved content and feel free to reach out if you need any clarifications and guidance
..[т̲̲̅̅н̲̲̅̅є̲̲̅̅ ̲̲̅̅м̲̲̅̅i̲̲̅̅и̲̲̅̅i̲̲̅̅и̲̲̅̅g̲̲̅̅ ̲̲̅̅c̲̲̅̅н̲̲̅̅α̲̲̅̅м̲̲̅̅b̲̲̅̅є̲̲̅̅я̲̲̅̅ ̲̲̅̅@̲̲̅̅ ̲̲̅̅g̲̲̅̅м̲̲̅̅α̲̲̅̅i̲̲̅̅|̲̲̅̅•̲̲̅̅]
Now YOU sir are a TH-camr that produces valuable content. Thank you!
Do you think Ethereum miners will switch over and mine the original chain Ethereum Classic being that it's Proof-Of-Work?
So our profits are very much likely to go down %50. Perfect
maybe some cryptos go up 50% like ETC ;)
@@MiningChamber then you still get less cssh, if you drop exactly 50% in profit a coin should exactly double yo get the same profit
The market will open to bring in miners. Bring in profits.
Eth 2.0 will be the great mining equalizer for 8gb and 4gb cards when everyone shifts to ETC and RVN. So better get 4gb cards now if you can source them cheap, mine RVN/ETC and not worry about Eth 2.0 anymore.
I just snagged some 480s for that reason. Got them in bulk so it was cheaper than usual
4gb cards will work then?
@@lowserver2 yep
Bro, maganda ba mga 1050 Ti's? Planning on your opinion
@@mrazspeaks9071 yes. cost efficient yan sa Ravencoin basta makukuha mo siya in around 7k price kaso wala yata mabilhan ngayon kahit second hand pinipresyohan ng 9k. May nakuha akong RX 570 4GB 12mhs siya sa RVN maganda rin.
What kind of rack is that at 0:38?
Is it for sale somewhere?
Its not doomed imo , basically it will appear another coin that's going to replace ethereum.
I hope some mining whales will pump rvn aaaand here we go again
Ravencoin, ETC, Beam, conflux and other alt coins are going to see a spike as miners try to figure out what the next big crypto is
Raven will skyrocket!!!
RVN IS ALREADY setup to be the next one, but we shall see
@@riffsofdoom let's hope. They're some pretty cool projects out there with growing fan base
Great vid I'm sure one of those coins like ergo will have higher value and profit in the future
Well hopefully with profitability drop there will be less miners and GPUs will be cheaper so it won't be as bad as we think
dont count on that, maybe a 1/4 of em will dump their cards cause they are to impatient to wait for the smoke to settle a few weeks after eth is done with POS. but rvn or some other coin that gets to be most profitable, like whattomine.com does they will keep on mining... if they have a clue.
if gpus get cheapers miners might have a reason to still buy them even if profits drop. i dont see gpu getting cheaper anytime soon
Gpus will get cheaper by the end of this year. Mark my words.
@Mining Chamber at 0:50, how could you maintain 4.0 G hashrate at your ethermine dashboard while your rigs only output 2.5G hashrate in more than 8 hrs? Thanks ahread.
It's my rigs haha it was just a random address
GPU prices shd come down drastically next year
currently eth profitability on a 3080 $5.70 daily. On ravencoin 4dollars daily... People have been mining ethereum when they were getting less than 1dollar daily... do you really think it will make a difference lol?
There will always be the next coin to mine, eth POW is only a roadbump in the scheme of things.
lol, lets just forget the shortage in the whole electronic business, oh and lets just forget the other coins that are still mineable with an GPU. the fact you act like ETH is the only reason we see a shortage of GPU's is making me laugh. Chipmakers already announced they expect shortage's to last the coming years, YEARS. For example, Sony and Microsoft still cant produce enough consoles thanks to shortage's and its been half a year already. So no next year we wont see a drastic drop in prices, but keep dreaming.
@@jeroenkoning8553 we will see an increase in people trying to sell their gpus which will decrease the price
@@bartekkowalski8393 buy gpus for a good price then starting miniiiiing
What about Etherium Classic, will that still be mineable ?
Yes
@cristhian 2k47 they are dagger hashimoto
Even if the profits go down hard, I will continue to mine.
It's a bit weird but mining is kind of fun from my point of view.
Hell, even when I used to do folding @ home for years, it was fun to see my stats go up.
Plus who knows? Maybe the crypto you're mining for fun blows up soon. I'm In the same boat with you and that's what I'm banking on
@@lardism3211 im thinking too start mining whould you guys recomennd me?
@@MeTin2Dclub U have some months (12-36 months ?) before West Central Banks do the exact same thing as China did.
You can already validate ETH transaction with staking??
Yes
Cant you just mine BTC instead?
I love how you always make relevant videos, keep up the great work brother!!
💙🙌
Will you make a video about working with Ethereum under PoS?
Bro can we mine other etheurem based coins after 2.0 or all other eth based coins will be in 2.0 system? So we cannot mine any coi' with asic machines? Do you advice to mine with asic miners?
You cant mine other erc20 tokens those are not like eth - as for ASICs they are algorithm specific so they can only mine specific coins
It is not arguable that moving away from gpu mining is environmentally friendly no matter how you look at it, it clearly is.
1) people mine Bitcoin all over the world and you don’t pick what kind of energy your power grid is on.
2) even if you are mining on a clean grid that is taking up capacity that could be used for other things.
No matter how you look at it the process of crypto mining using GPU’s is destructive to the environment.
GPU mining is maybe 1% as environmentally destructive as mining the materials needed for solar panels and batteries, but you never hear anyone complaining about that. It's because nobody really cares about the environment; they care about giving the appearance of caring about the environment.
suppose u're not mining. instead have a job. u commute. the vehicle u use consumes gas. it is still destructive to environment. capitalism, fundamentally, is a destructive idea.
suggest a GPU which will be good to mine raven and ergo
Check my best GPUs for mining video, most recent
Just my luck, every time I want to try something new, shit happens that'd fuck everything up. I took a loan to buy gear and start mining, but I didn't think it'd be this tricky and risky after ETH 2.0.
One aspect you forgot is the fact that a coin that is being mined more than before should in theory rise in value as it would be more scarce and traded much more than currently.
idon't understand eth2.0 what role in gpu? POS depend on gpu ?
POS does not need GPU. ETH2.0 stops POW which uses GPUs
@@MiningChamber how to save gpu?
Thanks Kanon! another great info video!
Always a pleasure!
So ETH mining is just basically gonna stop? If we have a mining rig we have to figure out something else to mine?
Yes, check my latest video I give 4 algos comparison
Mining won't be profitable or be profitable?
Love from India,for me u r the best till date...❤️❤️🙏
Much love
Rewards on RVN are gonna be cut by lets say 50% from all the hashrate moving over.... then by another 50% because of the halving. RVN uses more power so most people will not be profitable on RVN which is the most talked about coin for GPU miners
As always great video
Soo the question is can you mine eth2.0 or not???
The video answers it :)
Excellent video again, its nice to know what you guys have planned
So you are telling us don’t buy cards on one video and buy on onother ... from what I just saw in your videos I’m so confused about what are u explaining about eth2 also , need another video of eth2 ASAP
Appreciate the comment and thanks for watching. Do stay tuned for improved content and feel free to reach out if you need any clarifications and guidance
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What hardare will be required for ETH 2.0 mining?
You can't mine you can only stake
Why not mine and keep ethereum?
Can't mine eth after it goes proof of stake
@@MiningChamber OK can we mine other coins and just keep them.
Im new to the cripto world with a weak laptop with a GTX 1060, which i don't know how to calculate my electricity cost and now i see this news, which are terrible news.
Chard?
Is it worth getting a mining rig to mine ETH?
It's hard to tell now but if you find good prices then why not. Not financial advice
Will the new ethruem 2.0(proof of stake) split from ethruem? like ethruem classic or is it software update
It will remain the same eth
Thanks 😊
Hi all, eth 2.0 will work mining?