How to make money mining crypto in 2024 (Best mining strategy and profitability explained)

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In this video I explain how crypto mining profitability actually works, how to make money mining crypto, how to know what the best coin to mine is and the 2 major crypto mining strategies. These 2 strategies are using crypto mining as a form of passive income, and using crypto mining to build wealth and get rich long term. Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. Using these links helps support the channel, thank you! π— π—œπ—‘π—˜π—₯𝗦 π— π—˜π—‘π—§π—œπ—’π—‘π—˜π—— π—œπ—‘ π—§π—›π—œπ—¦ π—©π—œπ——π—˜π—’ πŸ€– ➞ Jasminer X16-Q: https://bit.ly/seb-Jasminer πŸ€– ➞ Goldshell KA BOX: https://bit.ly/seb-KA-box πŸ€– ➞ IceRiver KS3M: https://bit.ly/seb-KS3M πŸ€– ➞ Bitmain L7: https://bit.ly/seb-L7 Use above links & code: SEB for a $120 discount! π—šπ—˜π—§ π— π—œπ—‘π—˜π—₯𝗦 𝗙𝗒π—₯ 𝗔𝗑𝗬 π—–π—’π—œπ—‘ 𝗙π—₯𝗒𝗠 π—–π—’π—œπ—‘ π— π—œπ—‘π—œπ—‘π—š π—–π—˜π—‘π—§π—₯π—”π—Ÿ 🌟 ➞ https://bit.ly/seb-CoinMiningCentral Use above link & code: SEB for a $120 discount! 𝗠𝗬 𝗧𝗒𝗣 𝟱 π— π—œπ—‘π—˜π—₯𝗦 𝗧𝗒 π—šπ—˜π—§ π—₯π—œπ—šπ—›π—§ 𝗑𝗒π—ͺ πŸ€– ➞ Great miner if you have expensive power: https://bit.ly/seb-Jasminer πŸ€– ➞ Sweet-spot BITCOIN miner: https://bit.ly/seb-S19Kpro πŸ€– ➞ Best DOGECOIN+LITECOIN miner: https://bit.ly/seb-L7 πŸ€– ➞ Small, silent & cheap KASPA miner: https://bit.ly/seb-KS0-Pro πŸ€– ➞ Great miner most people don't know about: https://bit.ly/seb-Z15-Pro Use above links & code: SEB for a $120 discount! β€”β€”β€”β€”β€”β€” 𝗠𝗬 π—’π—™π—™π—œπ—–π—œπ—”π—Ÿ π— π—˜π—₯𝗖𝗛 (𝗧-π—¦π—›π—œπ—₯𝗧𝗦, π—¦π—§π—œπ—–π—žπ—˜π—₯𝗦 π—˜π—§π—–) πŸ‘• ➞ https://www.gpuheadz.com Get something AWESOME & support the channel 😊 β€”β€”β€”β€”β€”β€” 𝗠𝗬 𝗧𝗒𝗣 𝟱 π— π—œπ—‘π—œπ—‘π—š π—šπ—£π—¨π—¦ 𝗧𝗒 π—šπ—˜π—§ π—₯π—œπ—šπ—›π—§ 𝗑𝗒π—ͺ ✨ ➞ Good at everything: https://amzn.to/3FIzpSO ✨ ➞ Cheap & power efficient: https://amzn.to/3FIXngL ✨ ➞ If you want a beast: https://amzn.to/3FJTpEv ✨ ➞ Incredible at some coins: https://amzn.to/3yXr3mn ✨ ➞ For very low power rigs: https://amzn.to/3FEHp79 As an Amazon Associate I earn from qualifying purchases π—•π—˜π—¦π—§ π—šπ—£π—¨ π— π—œπ—‘π—œπ—‘π—š π—₯π—œπ—š πŸ’Ž ➞ https://bit.ly/seb-R8 Use above link & code: SEB for 10% discount! π—•π—œπ—§π—–π—’π—œπ—‘ 𝗨𝗦𝗕 π— π—œπ—‘π—˜π—₯𝗦 𝗙𝗒π—₯ π—¦π—’π—Ÿπ—’ π— π—œπ—‘π—œπ—‘π—š πŸš€ ➞ https://bit.ly/seb-BTC-lander Use above link & code: SebsFinTech to get a 4% discount! π—žπ—˜π—˜π—£ 𝗬𝗒𝗨π—₯ π—–π—’π—œπ—‘π—¦ π—¦π—”π—™π—˜ π—ͺπ—œπ—§π—› π—§π—›π—œπ—¦ π—ͺπ—”π—Ÿπ—Ÿπ—˜π—§ πŸ’° ➞ https://bit.ly/seb-Tangem Use above link & code: SEB for 10% discount! π—–π—’π—œπ—‘π—Ÿπ—˜π——π—šπ—˜π—₯ π— π—”π—žπ—˜π—¦ 𝗖π—₯𝗬𝗣𝗧𝗒 𝗧𝗔𝗫 π—¦π—¨π—£π—˜π—₯ π—˜π—”π—¦π—¬ πŸ“ ➞ https://bit.ly/seb-CoinLedger Use above link & code: SEB for 10% discount! π—”π—œπ—₯π—™π—Ÿπ—’π—ͺ 𝗣π—₯𝗒𝗗𝗨𝗖𝗧𝗦 (π—šπ—₯𝗒π—ͺ π—§π—˜π—‘π—§π—¦, π—˜π—«π—›π—”π—¨π—¦π—§ 𝗙𝗔𝗑𝗦 π—˜π—§π—–) πŸ’¨ ➞ https://bit.ly/seb-AC-Infinity Use above link & code: SEB for 10% discount! π—€π—¨π—”π—Ÿπ—œπ—§π—¬ π— π—œπ—‘π—œπ—‘π—š π—₯π—œπ—š 𝗣𝗔π—₯𝗧𝗦 (π—₯π—œπ—¦π—˜π—₯𝗦, π—¦π—£π—Ÿπ—œπ—§π—§π—˜π—₯𝗦 π—˜π—§π—–) 🀩 ➞ https://bit.ly/seb-GPU-risers Use above link & code: SEB for 10% discount! 𝗧π—₯𝗬 π—›π—Άπ˜ƒπ—²π—’π—¦, 𝗠𝗬 𝗙𝗔𝗩𝗒𝗨π—₯π—œπ—§π—˜ π— π—œπ—‘π—œπ—‘π—š 𝗒𝗦, 𝗙𝗒π—₯ 𝗙π—₯π—˜π—˜ πŸ–₯️ ➞ https://bit.ly/seb-HiveOS Use above link & code: SEBSFINTECH for a free $10 bonus! β€”β€”β€”β€”β€”β€” πŸ“¦ π—šπ—˜π—‘π—˜π—₯π—”π—Ÿ 𝗔𝗠𝗔𝗭𝗒𝗑 π—Ÿπ—œπ—‘π—žπ—¦ Mining rig tools: https://amzn.to/3qhqVLc Clean your mining rigs: https://amzn.to/40nEiZk πŸ“¦ π—šπ—£π—¨ π— π—œπ—‘π—œπ—‘π—š π—₯π—œπ—š 𝗣𝗔π—₯𝗧𝗦 GPUs & risers: see above Motherboard: https://amzn.to/3PcSW2H CPU: https://amzn.to/40lck0A RAM: https://amzn.to/3gxxHGF Power supply: https://amzn.to/3ZbPibj Use 2 PSUs in 1 rig: https://amzn.to/3TCWvQn Plug 4 risers into one PCIe slot: https://amzn.to/3gfrEqZ Mini touchscreen: https://amzn.to/3pMGRmI πŸ“¦ 𝗖𝗣𝗨 π— π—œπ—‘π—œπ—‘π—š π—₯π—œπ—š 𝗣𝗔π—₯𝗧𝗦 CPU: https://amzn.to/3NafFd7 Fast RAM: https://amzn.to/3SDS2uE Motherboard: https://amzn.to/3T2y801 SSD: https://amzn.to/3FjCutg Power supply: https://amzn.to/3gHdNfV 24-pin splitter: https://amzn.to/3fegxAZ As an Amazon Associate I earn from qualifying purchases β€”β€”β€”β€”β€”β€” π—π—’π—œπ—‘ π—§π—›π—˜ π—–π—›π—”π—‘π—‘π—˜π—Ÿ 𝗙𝗒π—₯ 𝗕𝗒𝗑𝗨𝗦 π—–π—’π—‘π—§π—˜π—‘π—§ ⭐ ➞ https://youtube.com/@SebsFinTechChannel/join π—Ÿπ—œπ—¦π—§π—˜π—‘ 𝗧𝗒 𝗠𝗬 π— π—¨π—¦π—œπ—– 𝗒𝗑 π—¦π—£π—’π—§π—œπ—™π—¬ 🎧 ➞ https://spoti.fi/3TA4n5g π—˜π— π—”π—œπ—Ÿ 𝗙𝗒π—₯ π—•π—¨π—¦π—œπ—‘π—˜π—¦π—¦ π—˜π—‘π—€π—¨π—œπ—₯π—œπ—˜π—¦ βœ‰οΈ ➞ sebsfintech@gmail.com β€”β€”β€”β€”β€”β€” None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research. β€”β€”β€”β€”β€”β€” πŸ“Ό π—©π—œπ——π—˜π—’ π—–π—’π—‘π—§π—˜π—‘π—§ 00:00 Making money mining crypto, profitability & strategy - Introduction 00:26 Coin Mining Central ad 02:10 The economics of crypto mining explained in simple terms 03:45 Crypto payouts to miners (coin emissions) explained 04:20 Mining profitability explained 05:47 The problem with mining profitability calculators 06:26 Best way to use mining profitability calculators 07:20 Biggest misunderstanding about minign profitability 08:17 Why people still mine when profitability is super low 08:50 The 2 main mining strategies 09:07 Mining crypto as passive income explained 09:26 Best mining hardware for passive income 10:10 Best coin to mine for passive income 10:51 Mining crypto to build wealth explained 12:08 Best mining equipment to build wealth 13:20 Best coins to mine to build wealth 14:20 When will crypto prices go up? 16:13 How to use the crypto market swings to our advantage as miners #cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate #coinminingcentral #miningprofitability
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