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Hey Jack, good morning! Nice little video here, good focus point. I'm hoping the crappy profits right now will deter everyone from trying to start mining. More for us that way! We know the truth is that we HODL everything and only sell at the ATH, whenever that happens.
I don't think you'll ever sell your equipment, but realistically, your $12000 equipment is worth anywhere from $6000-$8000 now due to the asics and I think that's a conservative take. And if you remove the $5/day ai trading as it is NOT mining related completely, your profit is a lot less (that's actually 40% of what you are earning without any work). Let's say I give you that and you earned $8600 in a year + your equipment cost now that I valued at $6000-8000 = $14600-$16600 or a profit of ~ $2600-4600 in a year. In my honest opinion,that is relatively small and that's why I left mining 2022 and I get that it heats up your house in the winter, but the noise is the ultimate price for that. I hope everything that you're holding skyrocket this bull run and best of luck :)
2:43 As well all the thermal take fans on the new rig next to the warthog are facing the wrong direction (unless this is because you want the heat for winter, i noticed the exhaust is not on.
An educational and enjoyable video. I have free electricity, and I'm getting into mining on a very small scale. As much as I'd like to crank up a couple of big boy ASICS, if I did, I wouldn't have free electricity for long. 😆 Thanks, Jack.
The time to get into GPU mining was a couple of years ago. In this cycle, GPU mining is likely dead due to GPU saturation from Ethereum mining. GPU mining will probably bounce back in the next cycles. If you have access to very cheap power, consider ASICs; keep in mind you are considering jumping in during a mania phase.
Check out my shorts I've been putting up! Planning to release a longer video soon, build focus. I also want to go live for an all day stream of building out warthog rigs. Hope to see you there when it happens!
Really appreciate the rundown! Just curious, which coins are you staking? Currently mining heavy on Aleo which also has a pretty high APY that hovers around 10%. Happy new year & look forward to more content 🤠
Dude :) All of this mining hardware is not free. Saying you make profit is quite misleading considering it costs several thousand dollars, which after spending + the monthly bills it will take several years to brake even. So be transparent. And honest, please.
*"I Spent $12,000 on GPU Mining - 2024 Profits"* is literally the title of the video. I don't think he was trying to hide anything, quite the opposite.
thanks guys for all replys. I think many understand very well what is the question in general, and i got my answers. I get it why it's uncomfortable for many 'miners' to talk about it, but it is relevant. Can't be 2-3 years in deep with investment in something very murky and unstable what will happen, and talk about profits. For someone who has studied economics its unacceptable to mention the word profit until brake even.
Just hope and dreams that what it looks now.But no pain no gain.Honeslty the asic industry is takin ower pushing out resident gpu miners out of the game.We have vitneced how is all rolling out and this story i will hold a coin until it became who know what thats strategy just dont gives point.If you poses a BTc that is for certan other is just dust in the wind.A bull run we all been waiting for its gonna change it all.Ok but the game is changed gpu mining it stays at this levels on 2025 is dropp dead!!
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www.viabtc.com/signup?refer=1774432
💰 THE BEST CRYPTO EXCHANGE FOR CASHING OUT & TRADING BOTS 💰
accounts.pionex.us/en/signup?ref=ModernMining
📝 THE BEST CRYPTO TAX SOFTWARE 📝
koinly.io/?via=1B2A4041&
🛒 THE BEST CRYPTO MINING HARDWARE: 🛒
geni.us/modernmining
Hey Jack, good morning! Nice little video here, good focus point. I'm hoping the crappy profits right now will deter everyone from trying to start mining. More for us that way!
We know the truth is that we HODL everything and only sell at the ATH, whenever that happens.
I don't think you'll ever sell your equipment, but realistically, your $12000 equipment is worth anywhere from $6000-$8000 now due to the asics and I think that's a conservative take. And if you remove the $5/day ai trading as it is NOT mining related completely, your profit is a lot less (that's actually 40% of what you are earning without any work). Let's say I give you that and you earned $8600 in a year + your equipment cost now that I valued at $6000-8000 = $14600-$16600 or a profit of ~ $2600-4600 in a year. In my honest opinion,that is relatively small and that's why I left mining 2022 and I get that it heats up your house in the winter, but the noise is the ultimate price for that. I hope everything that you're holding skyrocket this bull run and best of luck :)
2:43 As well all the thermal take fans on the new rig next to the warthog are facing the wrong direction (unless this is because you want the heat for winter, i noticed the exhaust is not on.
It's way more than 12 000$ you forget the electricity cost each mont.
He dumped his NEOXA! GET EM!
lol it was time to take the L
An educational and enjoyable video. I have free electricity, and I'm getting into mining on a very small scale. As much as I'd like to crank up a couple of big boy ASICS, if I did, I wouldn't have free electricity for long. 😆
Thanks, Jack.
Would you still recommend getting into GPU mining? Or just ASICS?
ASICS higher profit but i would say slightly riskier. Gpu lower profit but maybe a bit less risky
The time to get into GPU mining was a couple of years ago. In this cycle, GPU mining is likely dead due to GPU saturation from Ethereum mining. GPU mining will probably bounce back in the next cycles. If you have access to very cheap power, consider ASICs; keep in mind you are considering jumping in during a mania phase.
Check out my shorts I've been putting up!
Planning to release a longer video soon, build focus.
I also want to go live for an all day stream of building out warthog rigs. Hope to see you there when it happens!
I’ll stop by the live for sure!
Holding Zeph. Hoping it to be like Monero some day.
Looking at your portfolio, it seems that you are making a lot of bad calls. You should probably reconsider your strategy.
Really appreciate the rundown! Just curious, which coins are you staking? Currently mining heavy on Aleo which also has a pretty high APY that hovers around 10%. Happy new year & look forward to more content 🤠
No staking just ai trading bots from Pionex on eth,btc
@@ModernMiningHub Cool. I got burned by grid bots but they sure are fun to see the action popping off.
Dude :) All of this mining hardware is not free. Saying you make profit is quite misleading considering it costs several thousand dollars, which after spending + the monthly bills it will take several years to brake even. So be transparent. And honest, please.
Bro, gpu keep value so everything on top is profit… he’ll just have to sell at the top to be full profite 😅🤷♂️🙌
*"I Spent $12,000 on GPU Mining - 2024 Profits"* is literally the title of the video. I don't think he was trying to hide anything, quite the opposite.
Exactly lol the whole point of the series is how close I am to breaking even.
thanks guys for all replys. I think many understand very well what is the question in general, and i got my answers. I get it why it's uncomfortable for many 'miners' to talk about it, but it is relevant. Can't be 2-3 years in deep with investment in something very murky and unstable what will happen, and talk about profits. For someone who has studied economics its unacceptable to mention the word profit until brake even.
What would you call mining $20 a day for $15 of power? Is that not “profit”?
Wooow❤❤❤❤❤❤
try mining Fren
ha im the 1st one woo hoo i win....
Just hope and dreams that what it looks now.But no pain no gain.Honeslty the asic industry is takin ower pushing out resident gpu miners out of the game.We have vitneced how is all rolling out and this story i will hold a coin until it became who know what thats strategy just dont gives point.If you poses a BTc that is for certan other is just dust in the wind.A bull run we all been waiting for its gonna change it all.Ok but the game is changed gpu mining it stays at this levels on 2025 is dropp dead!!
So what is your plan this New year 2025............... Boss 👑 more money this year 2025
Remember me sir just $500
Trump is for crypto, and new projects like Adaxum will rise in the following years.