We are wrong about GPU mining profitability…

Fintech — January 31, 2023 · 0 Comment

In this video I talk about why GPU mining at a loss can be totally fine. I go through why being unprofitable when mining crypto in 2023 doesn’t need to be a big deal, depending on your mining strategy. GPU mining profitability in 2023 is obviously negative if you just look at the numbers, so is GPU mining worth it? I would argue yes, because profitability is based on comparing electricity price for mining vs price for buying the coins, but flat out buying the coins isn’t as easy as it often involves fees, making it more expensive than expected.

๐ŸŒŸ ๐‚๐จ๐ข๐ง๐‹๐ž๐๐ ๐ž๐ซ ๐ญ๐š๐ค๐ž๐ฌ ๐œ๐š๐ซ๐ž ๐จ๐Ÿ ๐ฒ๐จ๐ฎ๐ซ ๐œ๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ญ๐š๐ฑ:
https://coinledger.io/?fpr=seb
Use this link and the promo code SEB for 10% discount!

Also check out info about their giveaway here:
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โญ ๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐Ž๐œ๐ญ๐จ๐ฆ๐ข๐ง๐ž๐ซ ๐Ÿ๐จ๐ซ ๐š๐ฆ๐š๐ณ๐ข๐ง๐  ๐†๐๐” ๐ฌ๐ž๐ซ๐ฏ๐ž๐ซ ๐œ๐š๐ฌ๐ž๐ฌ & ๐ฆ๐จ๐ซ๐ž:
https://octominer.com/

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๐Ÿ‘• ๐†๐„๐“ ๐Ž๐…๐…๐ˆ๐‚๐ˆ๐€๐‹ ๐†๐๐”๐‡๐„๐€๐ƒ๐™ ๐Œ๐„๐‘๐‚๐‡ (๐“-๐’๐‡๐ˆ๐‘๐“๐’, ๐’๐“๐ˆ๐‚๐Š๐„๐‘๐’ ๐„๐“๐‚)
https://www.gpuheadz.com/

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๐Ÿค‘ ๐†๐ž๐ญ ๐ญ๐ก๐ž ๐๐„๐’๐“ ๐•๐€๐‹๐”๐„ ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ง๐ž๐ฒ ๐„๐“๐‡/๐„๐“๐‚ ๐ฆ๐ข๐ง๐ž๐ซ๐ฌ (๐ข๐๐จ๐ฅ๐ฅ๐จ)
https://ipollo.com/?ref=seb
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๐Ÿ’ฐ ๐†๐ž๐ญ ๐€๐’๐ˆ๐‚ ๐ฆ๐ข๐ง๐ž๐ซ๐ฌ ๐Ÿ๐จ๐ซ ๐๐“๐‚/๐‹๐“๐‚/๐Š๐ƒ๐€ & ๐ฆ๐จ๐ซ๐ž ๐ก๐ž๐ซ๐ž:
https://coinminingcentral.com/?ref=seb
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โœจ ๐๐„๐’๐“ ๐ƒ๐„๐€๐‹ ๐จ๐ง ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐„๐“๐‡/๐„๐“๐‚ ๐ฆ๐ข๐ง๐ž๐ซ๐ฌ (๐‰๐š๐ฌ๐ฆ๐ข๐ง๐ž๐ซ)
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๐Ÿ’Ž ๐‡๐ข๐ ๐ก ๐ช๐ฎ๐š๐ฅ๐ข๐ญ๐ฒ ๐ฆ๐ข๐ง๐ข๐ง๐  ๐ซ๐ข๐  ๐ฉ๐š๐ซ๐ญ๐ฌ (๐ซ๐ข๐ฌ๐ž๐ซ๐ฌ, ๐ฌ๐ฉ๐ฅ๐ข๐ญ๐ญ๐ž๐ซ๐ฌ, ๐ญ๐ก๐ž๐ซ๐ฆ๐š๐ฅ ๐ฉ๐š๐๐ฌ ๐ž๐ญ๐œ)
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๐Ÿ’จ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ ๐ˆ ๐ซ๐ž๐œ๐จ๐ฆ๐ฆ๐ž๐ง๐ ๐Ÿ๐จ๐ซ ๐š๐ข๐ซ๐Ÿ๐ฅ๐จ๐ฐ, ๐ ๐ซ๐จ๐ฐ ๐ญ๐ž๐ง๐ญ๐ฌ, ๐ข๐ง๐ญ๐š๐ค๐ž, ๐ž๐ฑ๐ก๐š๐ฎ๐ฌ๐ญ ๐Ÿ๐š๐ง๐ฌ ๐ž๐ญ๐œ
https://www.acinfinity.com/?ref=seb
Use promo code SEB for 10% off!

๐Ÿ–ฅ๏ธ ๐“๐ซ๐ฒ ๐‡๐ข๐ฏ๐ž๐Ž๐’, ๐ฆ๐ฒ ๐Ÿ๐š๐ฏ๐จ๐ฎ๐ซ๐ข๐ญ๐ž ๐ฆ๐ข๐ง๐ข๐ง๐  ๐Ž๐’, ๐Ÿ๐จ๐ซ ๐Ÿ๐ซ๐ž๐ž
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๐Ÿ”Œ ๐๐ž๐ฌ๐ญ ๐ฉ๐ฅ๐š๐œ๐ž ๐ญ๐จ ๐ ๐ž๐ญ ๐๐ƒ๐”๐ฌ (๐Ÿ๐Ÿ’๐ŸŽ๐• ๐ฉ๐จ๐ฐ๐ž๐ซ ๐ฌ๐ญ๐ซ๐ข๐ฉ๐ฌ ๐ญ๐จ ๐ฉ๐ฅ๐ฎ๐  ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐ข๐ ๐ฌ ๐ข๐ง๐ญ๐จ)
https://nerdgearz.com/
Use promo code SEB for 2% off!

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Please like the video if you liked it and subscribe to the channel for more crypto mining videos!

๐‰๐Ž๐ˆ๐ ๐“๐‡๐„ ๐‚๐‡๐€๐๐๐„๐‹ ๐…๐Ž๐‘ ๐€๐‚๐‚๐„๐’๐’ ๐“๐Ž ๐๐Ž๐๐”๐’ ๐๐„๐‘๐Š๐’
https://www.youtube.com/channel/UCQzug7Uk2Z9LcvCpYqeJO9g/join

๐Ÿ“ฆ ๐€๐Œ๐€๐™๐Ž๐ ๐‹๐ˆ๐๐Š๐’
Nvidia GPUs: https://amzn.to/2ROzvCL
AMD GPUs: https://amzn.to/3wiSpRb
Store your crypto securely: https://amzn.to/3qiUoEi
Toolkit for building rigs/fixing GPUs: https://amzn.to/3qhqVLc
Motherboard I use: https://amzn.to/3wmavSf
Different motherboard I like: https://amzn.to/3pKQTVr
CPUs: https://amzn.to/3vhG7am
RAM: https://amzn.to/3gxxHGF
850W power supply: https://amzn.to/3K3kZgu
1200W power supply: https://amzn.to/3tqd4Ep
Plug 4 risers into one PCIe slot with this: https://amzn.to/3gfrEqZ
Mini touchscreen: https://amzn.to/3pMGRmI
Camera I use: https://amzn.to/3zoQwUK
Vlogging lens I use: https://amzn.to/2Tmmyk2
Photo lens I use: https://amzn.to/3vo2H1e
Zoom lens I want: https://amzn.to/3ggU7Nt
(As an Amazon Associate I earn from qualifying purchases)

๐Ÿ“š ๐‹๐„๐€๐‘๐ ๐€๐๐Ž๐”๐“ ๐‚๐‘๐˜๐๐“๐Ž
Listen to “The Bitcoin Standard” & “The Age of Cryptocurrency” with a free Audible Premium Plus trail:
https://amzn.to/3thN3qv
(As an Amazon Associate I earn from qualifying purchases)

โ›๏ธ ๐…๐‘๐„๐„ ๐Œ๐ˆ๐๐ˆ๐๐† ๐…๐‘๐€๐Œ๐„ ๐๐ƒ๐… ๐๐”๐ˆ๐‹๐ƒ ๐†๐”๐ˆ๐ƒ๐„ ๐ˆ ๐Œ๐€๐ƒ๐„
https://bit.ly/miningframe

๐ŸŽง ๐‹๐ˆ๐’๐“๐„๐ ๐“๐Ž ๐Œ๐˜ ๐Œ๐”๐’๐ˆ๐‚ ๐Ž๐ ๐’๐๐Ž๐“๐ˆ๐…๐˜

๐Ÿ’ฌ ๐๐„๐„๐ƒ ๐Œ๐ˆ๐๐ˆ๐๐† ๐‡๐„๐‹๐? ๐‰๐Ž๐ˆ๐ ๐Œ๐ˆ๐’๐…๐ˆ๐“ ๐Œ๐ˆ๐๐ˆ๐๐† ๐ƒ๐ˆ๐’๐‚๐Ž๐‘๐ƒ
https://discord.gg/8PTDKjSMdU

#miningprofitability #mining2023 #specmining #speculativemining #gpumining #cpumining #cryptomining #altcoins #altcoinmining #bitcoinmining #bitcoin #cryptocurrency #hashrate

๐Ÿ“ผ ๐•๐ˆ๐ƒ๐„๐Ž ๐‚๐Ž๐๐“๐„๐๐“
00:00 Crypto mining profits 2023 explained
01:00 CoinLedger ad
01:57 What does being “unprofitable” mean?
03:46 Buying crypto is more expensive than you think
05:38 Coin price when buying plays a bigger factor than you think
06:41 A much more pragmatic look at crypto mining profitability in 2023
08:25 The reality of selling mined crypto every day
09:48 GPU mining hardware prices and ROI explained
11:50 Octominer ad
12:34 Is GPU mining worth it in 2023?

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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