Do THIS when GPU mining isn't profitable for you! (4 ways to fix low profitability)

cryptocurrency 2 weeks ago

In this video I sit down with @The Hobbyist Miner to discuss 4 ways you can turn an unprofitable GPU mining farm profitable! Is mining not profitable for you? If these lower coin prices and higher electricity costs we are currently facing have made mining unprofitable for you, then this video is for you! Being unprofitable as a crypto miner basically means that you are paying more in operating costs (mainly electricity) than the coins you are mining are worth. The first way of fixing this is to lower your electricity price. We give you several actionable steps on how to actually do this. The second way would be to get solar panels, which is a great way to get cheaper or even free power! Third thing you can do is to sell your GPUs and buy more power efficient graphics cards. Fourth and final option is to look into hosting your GPUs. After watching this video I hope you will have learned how to increase mining profitability and fix low mining profits. Check out Wattum for proper Bitcoin mining & hosting: 👕 𝐆𝐄𝐓 𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐆𝐏𝐔𝐇𝐄𝐀𝐃𝐙 𝐌𝐄𝐑𝐂𝐇 (𝐓-𝐒𝐇𝐈𝐑𝐓𝐒, 𝐒𝐓𝐈𝐂𝐊𝐄𝐑𝐒 𝐄𝐓𝐂) ✨ 𝐁𝐄𝐒𝐓 𝐃𝐄𝐀𝐋 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐄𝐓𝐇/𝐄𝐓𝐂 𝐦𝐢𝐧𝐞𝐫𝐬 (𝐉𝐚𝐬𝐦𝐢𝐧𝐞𝐫) Use promo code SEB to get 1% off, it's worth it! 🤑 𝐆𝐞𝐭 𝐭𝐡𝐞 𝐁𝐄𝐒𝐓 𝐕𝐀𝐋𝐔𝐄 𝐟𝐨𝐫 𝐦𝐨𝐧𝐞𝐲 𝐄𝐓𝐇/𝐄𝐓𝐂 𝐦𝐢𝐧𝐞𝐫𝐬 💎 𝐇𝐢𝐠𝐡 𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐦𝐢𝐧𝐢𝐧𝐠 𝐫𝐢𝐠 𝐩𝐚𝐫𝐭𝐬 (𝐫𝐢𝐬𝐞𝐫𝐬, 𝐬𝐩𝐥𝐢𝐭𝐭𝐞𝐫𝐬, 𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐩𝐚𝐝𝐬 𝐞𝐭𝐜) Use promo code SEB for 10% off! 💨 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐈 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝 𝐟𝐨𝐫 𝐚𝐢𝐫𝐟𝐥𝐨𝐰, 𝐠𝐫𝐨𝐰 𝐭𝐞𝐧𝐭𝐬, 𝐢𝐧𝐭𝐚𝐤𝐞, 𝐞𝐱𝐡𝐚𝐮𝐬𝐭 𝐟𝐚𝐧𝐬 𝐞𝐭𝐜 Use promo code SEB for 10% off! 🖥️ 𝐓𝐫𝐲 𝐇𝐢𝐯𝐞𝐎𝐒, 𝐦𝐲 𝐟𝐚𝐯𝐨𝐮𝐫𝐢𝐭𝐞 𝐦𝐢𝐧𝐢𝐧𝐠 𝐎𝐒, 𝐟𝐨𝐫 𝐟𝐫𝐞𝐞 Plus use promo code SEBSFINTECH for a free $10 bonus! 🔌 𝐁𝐞𝐬𝐭 𝐩𝐥𝐚𝐜𝐞 𝐭𝐨 𝐠𝐞𝐭 𝐏𝐃𝐔𝐬 (𝟐𝟒𝟎𝐕 𝐩𝐨𝐰𝐞𝐫 𝐬𝐭𝐫𝐢𝐩𝐬 𝐭𝐨 𝐩𝐥𝐮𝐠 𝐲𝐨𝐮𝐫 𝐫𝐢𝐠𝐬 𝐢𝐧𝐭𝐨) Use promo code SEB for 2% off! 𝐌𝐄𝐍𝐓𝐈𝐎𝐍𝐄𝐃 𝐕𝐈𝐃𝐄𝐎𝐒 Hobbyist's video on lowering power cost: Hobbyist's video on how to pay for mining power costs: Seb's video on solar panels: Please like the video if you liked it and subscribe to the channel for more crypto mining videos! 𝐉𝐎𝐈𝐍 𝐓𝐇𝐄 𝐂𝐇𝐀𝐍𝐍𝐄𝐋 𝐅𝐎𝐑 𝐀𝐂𝐂𝐄𝐒𝐒 𝐓𝐎 𝐁𝐎𝐍𝐔𝐒 𝐏𝐄𝐑𝐊𝐒 📦 𝐀𝐌𝐀𝐙𝐎𝐍 𝐋𝐈𝐍𝐊𝐒 Nvidia GPUs: AMD GPUs: My favourite type of risers: Store your crypto securely: Toolkit for building rigs/fixing GPUs: Motherboard I use: Different motherboard I like: CPUs: RAM: 850W power supply: 1200W power supply: My favourite GPUs for ETH (1660 Super): Great overall mining GPUs (3060): Plug 4 risers into one PCIe slot with this: Mini touchscreen: Camera I use: Camera I want: Camera I really want: Vlogging lens I use: Vlogging lens I want: Photo lens I use: Zoom lens I want: (As an Amazon Associate I earn from qualifying purchases) 📚 𝐋𝐄𝐀𝐑𝐍 𝐀𝐁𝐎𝐔𝐓 𝐂𝐑𝐘𝐏𝐓𝐎 Listen to "The Bitcoin Standard" & "The Age of Cryptocurrency" with a free Audible Premium Plus trail: (As an Amazon Associate I earn from qualifying purchases) ⛏️ 𝐅𝐑𝐄𝐄 𝐌𝐈𝐍𝐈𝐍𝐆 𝐅𝐑𝐀𝐌𝐄 𝐏𝐃𝐅 𝐁𝐔𝐈𝐋𝐃 𝐆𝐔𝐈𝐃𝐄 𝐈 𝐌𝐀𝐃𝐄 🎧 𝐋𝐈𝐒𝐓𝐄𝐍 𝐓𝐎 𝐌𝐘 𝐌𝐔𝐒𝐈𝐂 𝐎𝐍 𝐒𝐏𝐎𝐓𝐈𝐅𝐘 💬 𝐍𝐄𝐄𝐃 𝐌𝐈𝐍𝐈𝐍𝐆 𝐇𝐄𝐋𝐏? 𝐉𝐎𝐈𝐍 𝐌𝐈𝐒𝐅𝐈𝐓 𝐌𝐈𝐍𝐈𝐍𝐆 𝐃𝐈𝐒𝐂𝐎𝐑𝐃 #miningprofit #mining2022 #gpumining #cryptomining #ethereummining #eth #ethmining #btc #bitcoinmining #bitcoin #cryptocurrency #cryptominingrig #GPUMiningRigs #makemoney #miningrig #gpus #passiveincome 📼 𝐕𝐈𝐃𝐄𝐎 𝐂𝐎𝐍𝐓𝐄𝐍𝐓 00:00 How to fix low mining profits 2022 01:10 What does mining not being profitable mean? 02:00 How to negotiate a lower electricity price 06:38 How solar panels can increase mining profits 08:52 Selling & buying GPUs to increase mining profitability 11:26 Two ways of doing hosted crypto mining 14:22 Summary of how to increase mining profits 2022 None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is from my point of view and for entertainment purposes. You do things at your own risk. You are responsible for your own actions. Do your own research.
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