Little give away announced in the video good luck! Also a little throw back of what I talked about 2 years ago th-cam.com/video/pkbweIw5T4k/w-d-xo.html
Why ! Cause when electricity here is cost me double what I mine . And let’s not forget the heat problem . And to me put them in mark and trade is more profitable than all this headache .
@@chfr9573 Did you ever try buying coins vs mining vs swing trading? I did. And in all scenarios, mining loses simply of the fact that even though a coin you spec mine can go 1000%, you are only limited with how many coins you can mine per day/week/month and that decreases over time with hashrate difficulties.
@@chfr9573 Such as? Whatever coins you mine or spec mine, you are limited by how much of that coin you get per day/week/month and the hashrate difficulty rises with time, so even if the coin you spec mine 1000%, you were only able to mine x amount in comparison to direct investment.
@@chfr9573 No, I just have an expensive electricity, and I change the mining algorithm every 2 months. But almost all the coins did not budge.(What I earned I give back for electricity. But I don’t sell coins.)
I don''t. Scenario is not the same as end of 2019 when the bull market started. I will keep only 25 gpus from 250 I had. Already most of the "juice" is going on asics.
Good Video. I topped out at 47 GPU's (mostly 3080's). I have to balance electricity as I have a several solar systems that add up to roughly 50kw/hour (141 panels). Electric costs in NY are pretty high at 16 cents/kw. So I usually shut down during the summer as heat as a byproduct doesn't make sense. I just purchased 2 Octominer ultras to consolidate systems. Before I was running about 16 Alienwares with 2 3080's in each. (was hard to get 3080's in 2020). Personally I think diversification is key to success. Different GPU's as well as CPU and Asic's to be able to switch and be profitable. The biggest advantage GPU mining has is the flexibility to change. Curious what your opinion on efficiency with newer cards vs older. I am mostly in the 30 series, but question will be if the 40 series will be more efficient or less efficient. With new 50 series coming out Q4 or 2025, will they be more or less efficient.
Damn bro .. I pretty much agree with all your thoughts .. I am slowly building up my Farm as finances allow ... I'm at 10 cents 🇨🇦 or about 7.5 cents usa
I tend to agree with your views. I find gpu intriguing and am building my first 8 card rig. Have 5 cpu rigs and am planning on entering the asic miners as soon as my current coins go up. Good video
the last point on why you add a lot of ASIC miners is because you know GPU mining is not viable in the long run. You can still do it because you have cheap electricity. But that won't last forever or the profit will one day be over your cheap electricity. All other points doesn't matter.
I entered after the bull run just during the merge and still mining since then. Not profitable but almost 44% ROI and will HODL to recover and be profitable till the next bull run. Thanks to you for keeping the motivation alive in the community 💯🙏
I bought one of those X12’s. Currently sitting idle but a great deal. And because I believe as you do that altcoin season will bring back profitability again with gpu mining, they will be turned on soon enough 😁
I’m just taking a summer break. Even though I am a small home minner with just a few GPUs. It’s just hot to keep running here in the southern USA. I’ll come back once cools down in the fall.
Love the random tidbit videos never know whats going on in the market and theres so many things that affect the market and knowing when to capitalize. USA
Started with one card and now have 13 and more to come, plus got in to cpu mining and only having to switch off rigs when heat is too much to bare (normally when not well) Still stacking up coins for future happiness.
i will turn my miners on wen its little bit colder. now i try to be gentle to rent owner's electricy cost cuz im using air conditioner alot at summers. still bullish on gpu mining in long term
made it to the end! I know youve done these a few times but it always enjoyable to hear your thoughts. I have 3 rigs that i can afford to pay out of pocket. Id love to expand but then i'll be streching myself too thin with life expenses
To be fair - we've been here before but had potential for a comeback. That same potential is no longer here because speculative mining is all that's left. None of these coins have ever on their own been the reason for normal people to want to buy GPUs like Ethereum has.
Been in the game since 2020. Haven't mined recently due to .15ckwh and came get it cheaper. So much idle equipment just waiting to warm my house in winter. Replaces the non profitable electric heater with a heater that maybe break even but I hodl. Made more this way than all my time mining ETH
The first pc I built was a core 2 duo as well. Funny. I bought 63 gpu server cases two months ago so yea you could say I still believe in GPU mining. Keep expanding!
The one thing that still holds true is to go for yeild because during the bull rush everyone goes to great lengths for a piece of rewards that are taken for granted now
@freestyle711 Things are just holding steady this market is nothing. If your not profiting your not listening to how this all works. Kindly sell me all your hardware and any bags for a sac of potatoes 🤣
@@CowboyRoyalty I don’t think you understand what I’m saying, and if you hold on to your hardware long enough, all it will be worth is a bag of potatoes. Lots of GPU’s available for cheap right now, I even heard RPM turn down buying some 3070’s recently lol
i don't know if i should start GPU mining, i have motherboard and a spare rig and all laying around. I've started mining in the bitcoin lottery with 3 Avalon Nano 3's. So i'm a total newbee in this universe.
Crypto is great, but as far as GPU mining goes, when ETH stopped, GPU mining took a major hit. In that sense ETH was GPU mining. Your viewers and myself, we don’t profit off a TH-cam channel, you seem to fail to recognize and understand this. You are really bordering on becoming a TH-cam/Cryptocurrency shill. You plead and plead and plead with your viewers that you’ve been here before, things will turn around. But, you’re not making money on mining, you’re making money off your crypto TH-cam channel, there’s nothing wrong with that, but your viewers are no profiting off a TH-cam channel. Mine and hold is not a viable strategy, you’re throwing away profit. Had you for example mined your coins and exchanged them for something like PEPE or BTC you would be substantially ahead of mine and hold over the last 2 years. Furthermore every time you encounter the problem of rising power costs, you brush by it, bro NVIDIA is making more GPUs then ever, hence GPU’s won’t hold the same value and rising hydro costs and no ETH to rely on. Stop the shilling, stick to the setups.
xelis is great no fpga, asic, or pos. currently not profitable but if you hold, there will only be 1.8m XEL by end of this year. buying coin from exchanges sux for taxes, every trade is a taxable event. if that's not a major concern for you, all the better. Canada
Financial freedom + passive income is how I got into crypto mining. I love tech + building. Better then not earning anything. Sort of like compounding.
I love my 6x2070 and my 12x1660super they pay for my newborn last year i'm never gonna sell them....the only asic i have is the ks0 pro that i won in your and BPs giveaway...
Crypto is becoming too centralized. What I mean by this is that not everybody in their home can run the network because now you're less than a 0.0000000000000001% of the hashrate as an average Joe
and doesn't require all the work, GPU mining is not passive income as people say, you still have to do allot of work and the payouts are super low since eth sharding
That's where I'm at too. I make $200 a month selling my power and if I mine I lose that plus have to pay another $200 in mining.electticity. I'm $400 a month ahead turning gpu rigs off! HODLing won't beat that by 2026
It’s just crazy. I build my whole rig from watching this channel to. I was so happy with it. Was great until ETH died. My Tesla battery cost 15,000. I also live in Australia and it’s just not worth it for the return. Also accounting in Australia is horrible. I just invest in shares now. So much easier. In my next house I’ll get two Tesla batteries and than maybe turn right back on 😂 Or wait until new graphics cards come out and buy 4090 and mine on that when not gaming 😂. I’m so lost 😭
It’s just crazy. I build my whole rig from watching this channel to. I was so happy with it. Was great until ETH died. My Tesla battery cost 15,000. I also live in Australia and it’s just not worth it for the return. Also accounting in Australia is horrible. I just invest in shares now. So much easier. In my next house I’ll get two Tesla batteries and than maybe turn right back on 😂 Or wait until new graphics cards come out and buy 4090 and mine on that when not gaming 😂. I’m so lost 😭
i mine with gpus,asic,cpus but acting like asics always the best is stupid , each has its own benefits with gpus you wont pay $10K and get crushed after couple weeks of buying you could spec mine "i speced kaspa-alph-dnx-octa and look at them now" dont act like all of asics are kaspa and btc , from ztrash to kda to the d9 to x5 i have 0.048kwh and still the d9 one of the worst in my farm just 1.8$ profit 😑"even though i pay the bill with my paycheck " with gpus you could easily switch algo or undervolt to fight heat also look at the channels that went full asics what happened to them 😏😂 US i love gpus "GPU MINING WILL NEVER DIE "
Little give away announced in the video good luck! Also a little throw back of what I talked about 2 years ago th-cam.com/video/pkbweIw5T4k/w-d-xo.html
I’ll take it Mr panda!
after 3 beautiful years of mining and more than 40 gpu in my farm it’s time for me to shut down, thanks for everything panda end of an era for me.
i sold all my 3090 and 3080 29 GPU for 11k and i bought them in 2022 for almost 60k .
no more redpanda
Why ?
why you did that to yourself ,sell at the very low?
Why ! Cause when electricity here is cost me double what I mine . And let’s not forget the heat problem . And to me put them in mark and trade is more profitable than all this headache .
Love these types of videos
mining and holding ?
why not...
Buy coin and holding...,
There's an element missing to buying vs mining that makes just buying boring
@@chfr9573 Did you ever try buying coins vs mining vs swing trading? I did. And in all scenarios, mining loses simply of the fact that even though a coin you spec mine can go 1000%, you are only limited with how many coins you can mine per day/week/month and that decreases over time with hashrate difficulties.
@@chfr9573 Such as? Whatever coins you mine or spec mine, you are limited by how much of that coin you get per day/week/month and the hashrate difficulty rises with time, so even if the coin you spec mine 1000%, you were only able to mine x amount in comparison to direct investment.
2 years with zero earnings but I still believe in GPU Mining⛏
Did you just pick the wrong coins to mine?
@@chfr9573 No, I just have an expensive electricity, and I change the mining algorithm every 2 months. But almost all the coins did not budge.(What I earned I give back for electricity. But I don’t sell coins.)
I don''t.
Scenario is not the same as end of 2019 when the bull market started.
I will keep only 25 gpus from 250 I had.
Already most of the "juice" is going on asics.
Good Video. I topped out at 47 GPU's (mostly 3080's). I have to balance electricity as I have a several solar systems that add up to roughly 50kw/hour (141 panels). Electric costs in NY are pretty high at 16 cents/kw. So I usually shut down during the summer as heat as a byproduct doesn't make sense. I just purchased 2 Octominer ultras to consolidate systems. Before I was running about 16 Alienwares with 2 3080's in each. (was hard to get 3080's in 2020). Personally I think diversification is key to success. Different GPU's as well as CPU and Asic's to be able to switch and be profitable. The biggest advantage GPU mining has is the flexibility to change. Curious what your opinion on efficiency with newer cards vs older. I am mostly in the 30 series, but question will be if the 40 series will be more efficient or less efficient. With new 50 series coming out Q4 or 2025, will they be more or less efficient.
Damn bro .. I pretty much agree with all your thoughts .. I am slowly building up my Farm as finances allow ... I'm at 10 cents 🇨🇦 or about 7.5 cents usa
i cant buy 120 gpus at a time but i did buy 3 more last week and you really should get a crystal ball, that would help a lot
Answered my questions with a full 45 minute video!!
Panda you are expanding so much that you are going to be making 100k a day :joy
Love these longer format videos brotha, this is where all the alpha is , keep them coming !
I'm with you on this. GPUs I've got, and spare PC chassis. Not dedicated miners and don't want to spend money on unk hardware. Rock on!
I tend to agree with your views. I find gpu intriguing and am building my first 8 card rig. Have 5 cpu rigs and am planning on entering the asic miners as soon as my current coins go up. Good video
the last point on why you add a lot of ASIC miners is because you know GPU mining is not viable in the long run. You can still do it because you have cheap electricity. But that won't last forever or the profit will one day be over your cheap electricity. All other points doesn't matter.
I believe in RVN. Still have my 100 rx580 going on rvn..
Thank you for the videos. I still pull up some of your older ones to help me set up mine. It is appreciated. USA
I entered after the bull run just during the merge and still mining since then. Not profitable but almost 44% ROI and will HODL to recover and be profitable till the next bull run. Thanks to you for keeping the motivation alive in the community 💯🙏
ive expanded a lot this year. i'm up to 8 gpus and 5 cpus. I'll keep mining and holding for as long as i possibly can. This is the way
I bought one of those X12’s. Currently sitting idle but a great deal. And because I believe as you do that altcoin season will bring back profitability again with gpu mining, they will be turned on soon enough 😁
I like small ASICs and CPU. The middle man, GPU, doesn't excite me.
Keep the faith. Been doing some low power experiments with a couple rigs of P106's stacking alts.
yea i have 77 p106-090
I love my 12* 1660 ti and i not selling them, holding forever
But what coins are ppl still mining on gpu?
I’m just taking a summer break. Even though I am a small home minner with just a few GPUs. It’s just hot to keep running here in the southern USA. I’ll come back once cools down in the fall.
Love the random tidbit videos never know whats going on in the market and theres so many things that affect the market and knowing when to capitalize. USA
What are duties and shipping like to Canada for the X12 Ultra units?
Not sure yet, have not received.
@@RedPandaMining Keep this east end Canadian in the loop. Cheers! OntarioMiner
Started with one card and now have 13 and more to come, plus got in to cpu mining and only having to switch off rigs when heat is too much to bare (normally when not well) Still stacking up coins for future happiness.
Still building, still accumulating
Waiting on the weather to switch. Too hot here.
For a second I thought I was going to start the video and hear Burl Ives singing "Do you believe in GPUsssssss, there's no other way to playyyyy." lol
Thanks for great content RPM! I’m now asic mining and would love to get into cpus and gpus
i will turn my miners on wen its little bit colder. now i try to be gentle to rent owner's electricy cost cuz im using air conditioner alot at summers. still bullish on gpu mining in long term
made it to the end! I know youve done these a few times but it always enjoyable to hear your thoughts. I have 3 rigs that i can afford to pay out of pocket. Id love to expand but then i'll be streching myself too thin with life expenses
To be fair - we've been here before but had potential for a comeback. That same potential is no longer here because speculative mining is all that's left. None of these coins have ever on their own been the reason for normal people to want to buy GPUs like Ethereum has.
Been in the game since 2020. Haven't mined recently due to .15ckwh and came get it cheaper. So much idle equipment just waiting to warm my house in winter. Replaces the non profitable electric heater with a heater that maybe break even but I hodl. Made more this way than all my time mining ETH
The first pc I built was a core 2 duo as well. Funny. I bought 63 gpu server cases two months ago so yea you could say I still believe in GPU mining. Keep expanding!
I am residing in INDIA .....any help for anyone .....I will always stand .....brother ....love your videos....
Your wtsap number ?
gpu & asic mining here in canada. your video is awesome!!
Looking forward to see those 470 rigs. Thanks for sharing RPM, keep smiling :)
Great video!
Great list of things to consider. I'll be following your adventures with the"barn"
ya , i still holding on my GPU in Ethereum state , waiting for mining to be back
Loves these vids. Keeping the troops motivated. Almost there
The one thing that still holds true is to go for yeild because during the bull rush everyone goes to great lengths for a piece of rewards that are taken for granted now
Not! We are in a bull run and not profiting. What are you talking about????
@freestyle711 Things are just holding steady this market is nothing. If your not profiting your not listening to how this all works. Kindly sell me all your hardware and any bags for a sac of potatoes 🤣
@@CowboyRoyalty I don’t think you understand what I’m saying, and if you hold on to your hardware long enough, all it will be worth is a bag of potatoes. Lots of GPU’s available for cheap right now, I even heard RPM turn down buying some 3070’s recently lol
i don't know if i should start GPU mining, i have motherboard and a spare rig and all laying around. I've started mining in the bitcoin lottery with 3 Avalon Nano 3's. So i'm a total newbee in this universe.
Crypto is great, but as far as GPU mining goes, when ETH stopped, GPU mining took a major hit. In that sense ETH was GPU mining. Your viewers and myself, we don’t profit off a TH-cam channel, you seem to fail to recognize and understand this. You are really bordering on becoming a TH-cam/Cryptocurrency shill. You plead and plead and plead with your viewers that you’ve been here before, things will turn around. But, you’re not making money on mining, you’re making money off your crypto TH-cam channel, there’s nothing wrong with that, but your viewers are no profiting off a TH-cam channel. Mine and hold is not a viable strategy, you’re throwing away profit. Had you for example mined your coins and exchanged them for something like PEPE or BTC you would be substantially ahead of mine and hold over the last 2 years. Furthermore every time you encounter the problem of rising power costs, you brush by it, bro NVIDIA is making more GPUs then ever, hence GPU’s won’t hold the same value and rising hydro costs and no ETH to rely on. Stop the shilling, stick to the setups.
xelis is great no fpga, asic, or pos. currently not profitable but if you hold, there will only be 1.8m XEL by end of this year. buying coin from exchanges sux for taxes, every trade is a taxable event. if that's not a major concern for you, all the better. Canada
I will go back to GPU mining I sold most of them but I have a few left.I love tinkering with them
Mine and hodl! When I have to turn off my CPU & GPU miners because of heat, a part of me dies.....
Panda what is your top5 coins for hold?
I mean for these new mining coins DNX,KAS etc..
Still GPU mining but its been rough lately. Lucky Xelis came around to gave it a little boost
Believe!
I'm a Believer!😅
Mining since 2014 still going.
Side note whatever happened to fluxai project
Panda never apologize for a long video. Your knowledge is always appreciated. GPU mining will be amazing soon so keep on mining!
Great video to remind us that we are not yet in the bull run and there is still profit to be made. If it was easy everyone would do it.
feels like we're in 2019/2020 all over again
The last 3 years have been something else, lol. Lets hope this all pays off. Cheers!
when we work hard very hard for something....for someone it's very hard to let go...... that' life ..... that's what makes us human .....
Financial freedom + passive income is how I got into crypto mining. I love tech + building. Better then not earning anything. Sort of like compounding.
@redpandamining But you said GPU mining is dead!!?? BANNED!!! EH!? ;)
love these videos😀
Good morning. You have my full attention.
When I compare the BTC market cap whit my cap , I fell like free fall
Still holding my coins. And still mining.
i still GPU mine, absolutely nothing wrong with it.
Warthog to the moon! If you are a GPU/CPU miner it is a great project.
3070 beats 4070 ti you are the 1
I am mining with older gpu's and holding to nice hash
wasn t smart to hold in nicehash
I love my 6x2070 and my 12x1660super they pay for my newborn last year i'm never gonna sell them....the only asic i have is the ks0 pro that i won in your and BPs giveaway...
Well said.. all of it. Yes yes yes
I hope it returns to profitability but, mine are off
Thanks RPM, I needed this!
Not at all,I'm more in buying the coin,and some depin projects like weatherxm and geodnet,and some depin software on pc
also if altcoin repeat bullrun happen rpm would be millionaire
Yaaaaa just HOLD and have patience not fuckin rocket science 😂😂😂😂❤🎟
Nothing lasts forever even for ASICs. So if you're still thinking of mining, it's now or never.
It's the end my friend.
@@bigblack2295 we will go down till the very end.
I start buying home asic miner
Crypto is becoming too centralized. What I mean by this is that not everybody in their home can run the network because now you're less than a 0.0000000000000001% of the hashrate as an average Joe
45:28 bro forgot the giveaway lol 12d already
I have a solar power and a Tesla battery. I have 3060ti rig.
It’s not even worth my time. I make more money selling the power back to the grid 😂
and doesn't require all the work, GPU mining is not passive income as people say, you still have to do allot of work and the payouts are super low since eth sharding
That's where I'm at too. I make $200 a month selling my power and if I mine I lose that plus have to pay another $200 in mining.electticity. I'm $400 a month ahead turning gpu rigs off! HODLing won't beat that by 2026
It’s just crazy. I build my whole rig from watching this channel to. I was so happy with it. Was great until ETH died.
My Tesla battery cost 15,000. I also live in Australia and it’s just not worth it for the return. Also accounting in Australia is horrible. I just invest in shares now. So much easier. In my next house I’ll get two Tesla batteries and than maybe turn right back on 😂
Or wait until new graphics cards come out and buy 4090 and mine on that when not gaming 😂. I’m so lost 😭
It’s just crazy. I build my whole rig from watching this channel to. I was so happy with it. Was great until ETH died.
My Tesla battery cost 15,000. I also live in Australia and it’s just not worth it for the return. Also accounting in Australia is horrible. I just invest in shares now. So much easier. In my next house I’ll get two Tesla batteries and than maybe turn right back on 😂
Or wait until new graphics cards come out and buy 4090 and mine on that when not gaming 😂. I’m so lost 😭
@@mpowermaps agreed and the accounting and time and effort it’s not worth it
Agreed
Get out get out now!!🎉🎉🎉
Then you believe in BLOCX PROJEXT
Lol. I think your wife is right about not cutting a hole in your house. 😂
am so happy many project realizing like blocx-xel
that you wont be another kaspa if you move to asic you probably gonna be like RXD lol
I ain’t goin nowhere!
Makes no
Sense
i mine with gpus,asic,cpus
but acting like asics always the best is stupid , each has its own benefits
with gpus you wont pay $10K and get crushed after couple weeks of buying
you could spec mine "i speced kaspa-alph-dnx-octa and look at them now"
dont act like all of asics are kaspa and btc , from ztrash to kda to the d9 to x5
i have 0.048kwh and still the d9 one of the worst in my farm just 1.8$ profit 😑"even though i pay the bill with my paycheck "
with gpus you could easily switch algo or undervolt to fight heat
also look at the channels that went full asics what happened to them 😏😂
US
i love gpus "GPU MINING WILL NEVER DIE "
👍👍👍👍👍