Before you Start Crypto Mining, Watch This!

In today's video we sit down with Fellow Crypto Miner, Content Creator and Entrepreneur ‪@YourFriendAndy‬ to discuss What you Should Know Before you Start Crypto Mining! What you really need to watch out for before you Begin Bitcoin Mining. GPU Mining is a fantastic way to diversify your Crypto Portfolio but comes with a big technical learning curve. So Where should you Begin to Start Crypto Mining? Welcome Beginners, this Video is for you!
Part 2 - Crypto Miners, You Need to Know This! ➡ • It's 2024 and you're a...
Where to Find YOUR FRIEND ANDY
🔗Follow Your Friend Andy on Twitter ➡ / ohhaiandy
🔗Subscribe to Your Friend Andy on KZbin ➡ / @yourfriendandy
⭐Need a Safe and Reliable Place to Purchase Crypto Mining Hardware, ASICS, PDUS, ASIC Parts and More!? I Highly Recommend ➡ Altair Tech! geni.us/AltairTech
💰Use Checkout Discount Code "TheHobbyistMiner" to Save Money.
⭐Interested in Stepping into the Bitcoin Industry? Look No Further than Quantum Expeditions! Learn More about their Project ➡ geni.us/QuantumExpeditions
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𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝟏 𝐨𝐧 𝟏 𝐇𝐞𝐥𝐩 𝐟𝐫𝐨𝐦 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫?
📆Schedule Time with The Hobbyist Miner ➡ thehobbyistminer.io/
⛏ New to Crypto Mining, Need Hand Holding?
⛏ Not Sure What to Buy for your First Mining Rig?
⛏ Need Help Configuring your FIrst GPU Mining RIg?
⛏ Looking for Help Setting Up an ASIC Miner?
⛏ Need Help Launching your New KZbin Channel?
𝐌𝐲 𝐓𝐨𝐩 𝐆𝐏𝐔 𝐏𝐢𝐜𝐤𝐬 𝐟𝐨𝐫 𝐌𝐢𝐧𝐢𝐧𝐠 𝐢𝐧 𝟐𝟎𝟐𝟒:
🛒PowerColor Hellhound RX6600 ➡ geni.us/HellHoundRX660
🛒XFX Speedster RX6600XT ➡ geni.us/6600XT
🛒MSI Geforce RTX 3060 ➡ geni.us/MSIRTX3060
🛒Gigabyte Eagle Geforce RTX 3070 ➡ geni.us/GigabyteRTX3070Eagle
𝐅𝐨𝐥𝐥𝐨𝐰 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫 𝐨𝐧 𝐒𝐨𝐜𝐢𝐚𝐥:
✅Twitter - / hobbyistminer
𝐉𝐨𝐢𝐧 𝐓𝐡𝐞𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭𝐌𝐢𝐧𝐞𝐫 𝐃𝐢𝐬𝐜𝐨𝐫𝐝 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐚𝐥𝐤 𝐀𝐋𝐋 𝐀𝐛𝐨𝐮𝐭 𝐌𝐢𝐧𝐢𝐧𝐠!
✅Discord - / discord
✉ 𝐄𝐦𝐚𝐢𝐥 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 - [e-mail]
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#bitcoin #crypto #cryptomining
Video Content and Chapters:
00:00 Before you Start Crypto Mining, Watch This!
01:00 How to Get Started Being a Crypto Miner
02:45 What is the Best Time to Mine CryptoCurrency
04:20 Best Crypto Mining Hardware for Beginners
07:00 GPU Mining Might be a Challange for Beginners
09:00 The Value of Speculative Mining is Massive!
11:30 Stop Chasing Profitability as a New Crypto Miner
13:00 GPU Mining is a Fantastic Way to Diversify!
17:00 FOMO can be Dangerous!
19:00 Do your Research and Get in Early on Projects
21:00 Diversification is a Smart, Safe Play!
24:00 Welcome Home Crypto Miners!
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫- I am not an "Expert", I am learning along the way, just like you! Please do your own research, come to your own conclusions & make your own mistakes! I am NOT a Financial Advisor, please always take guidance from Professionals. Everything on this channel is for Fun as a Hobby and Entertainment for you, the viewer.

[@TheHobbyistMiner]

Part 2 - Crypto Miners, You Need to Know This! ➡ kzbin.info/www/bejne/o6bEY4Sjg9B2nq8

[@YourFriendAndy]

Always fun to be on your channel THM! Your podcast episode will be out in a week or two. Stay tuned!

[@CryptoMeme]

I’ve been in the game since 2016 and this will be helpful to new miners. And I also agree that small box miners carry a lot of value and allow someone to contribute to a network. Great job.

[@MedeirosCash]

Awesome can’t wait !

[@TheHobbyistMiner]

What are a Few Things you Wish you Knew Before Becoming a Crypto Miner?!

[@intownsolarhomesteading476]

Wish i knew more about computers as i have gravitated to cpu mining for now. Learning everything from no historical experience.

[@thelustymetapod]

That you'd let us fellow hobbyist miners down and lose all credibility and appeal by turning into a Voskcoin-level shill that would promote any crap you possibly can, as often as you can.

[@EricSoulliage]

PoS API is not constant

[@EricSoulliage]

@@thelustymetapod Lulz , let's say you where doing real good with crypto , would you feel the need to convince everyone else around ? Well nobody does give a shit once we're "there"

[@stevehowieson3804]

Definitely a 2nd episode please 🙏

[@wormmworks9645]

Having just started this last 7 days gpu has definitely been my starting point. I appreciate this video a ton you guys are great thank you

[@automattikbeats]

Awesome content as always!!

[@solharvester2341]

Thank you. This was exactly what I needed to hear. You opened my eyes and now I see what I've been doing wrong and possible stopped me from continuing down a path that would only lead to disappointment.

[@Shmedsp]

Well said thank you

[@francoisdutoit3845]

thanks guys...great content

[@MikeAgent47]

Despite the fact that i am in crypto for some years now, i have to say that, this is one of those amazing videos that needed to be done. Its public service righ here. Now we have the perfect video to that frined that asks: "how do i start with crypto? what should i do?" I'm loving the content diversification you are bringing to the channel.

[@toddthiebaut]

Good video. Thanks Guys!

[@TripletX]

Great video y’all!

[@JasonSpencerauthor]

Great vid :. Invaluable.

[@lestatdogc5723]

Great video

[@fordybcoin]

Great content Andy & Hobbyist i must say .this tho the crpto mining community is best .for helping people out .thanks guys .most definitely we want to see more !! Have a great day .

[@BorisXgen]

Another great conversation. You just talked through my entry journey into mining. Started almost a year go with mini ASICS, added gpu's and DePin. Next is big boy asic hosting. Both of your channels really helped along the way and now.

[@TheHobbyistMiner]

Thank you!

[@josephrao3709]

part 2,3,4,5,6 keep it going

[@TheHobbyistMiner]

Don't Tempt Me with a Good Time!

[@meroxd6532]

Great 👍

[@user-qf8bv3im8x]

Love you guys... yall got a new follower!

[@TheHobbyistMiner]

Thank you

[@undead567]

part 2 please!

[@intownsolarhomesteading476]

Fantastic educational video, can just hear experience and knowledge as you two complimented each others knowledge..look forward to the next👍

[@TheHobbyistMiner]

Thanks so much!

[@gustafbalstrom1622]

You can preorder now for 2500. Intresting video and your views on the future earnings.

[@EricSoulliage]

my starting point was mining XMR with moneroocean on a $25 raspberry pi

[@Astas30]

Thank you for this video awesome content as always! Good lessons for heading into my first Bullrun.

[@TheHobbyistMiner]

Glad you enjoyed it!

[@SpaceCredits]

You guys need a 2024 mining intro beginners from profitabliilty planning to token types to gpu options to forecasting

[@mike_t_007]

Part 2 part 2 part 2!!!!😎

[@josephrichard1066]

Loved this video, I just started mining about 30 days ago. I'm up to 8 Ipollo G1 Mini Miners, mining solo and 1 Ipollo V1. I plan to grow that into 8.

[@DjMines]

Great collab🎉

[@TheHobbyistMiner]

Thank you!!

[@Perdont]

I was the guy who started gpu mining with no knowledge of computer lol. But now I'm a force to be reckoned with

[@TheHobbyistMiner]

Heck yeah!

[@ashishvolvoikar5952]

@perdont I'm new to crypto can you help/ guide me to get started

[@damian3182]

Could use a video on how to "do the research". 🙏

[@1hotrod]

part 2 please

[@JoseFVelez-yu7fs]

Can you suggest a configuration for a GPU rig - good parts and pieces?

[@sdy30]

I’m just getting into crypto mining. Really enjoying it! Successfully got going with an ICERIVER KS0 for Kaspa. What do you think of mining Kadena with a Goldshell KD box II?

[@markregione4686]

Which hardware are compatible with each other when it comes to building a gpu crypto mining rig? I'm thinking of hardware compatibility.

[@LJAYTHATRUTH]

Pt 2

[@shariorr8558]

Curious is PRE node a worthy investment?

[@BlueAntec]

Been wanting to get into mining since Bitcoin first came out but was never able to invest in the equipment. Though probably too late, I'm just now getting into gpu mining.

[@ericzhou-k6l]

If you need to buy mining machines, you can contact me, I have a large number of mining machines.

[@jodybruce5097]

great video! are there any websites or blogs to read to get more info on the crypto mining space?

[@eugeneapache5102]

Good afternoon y’all I am trying to get my first mining farm... I have experience mining there problem done have enough money to start o Bitcoin 😮

[@bobbyjohnable]

Really really useful . Am watching this video in state of confusion... This video answered lot of confusion . Thank you.. do more do more do more. Dont stop

[@TheHobbyistMiner]

Scheduling it!

[@bobbyjohnable]

@@TheHobbyistMiner waiting.. ❤️❤️❤️

[@livingbehind661]

mining something already out is very tricky biz which will follows more than one market/country, is a ton better to research and mine something not already priced....

[@justinbottomley365]

Love your stuff my dudes! I have access to get S9 bitmain’s with power supply for 50$ and 100$. I know this is speculative. It if Bitcoin does hit a bull run. Is that a potential worthy investment? Or am I better off buying another gpu and focusing on that. Would love your thoughts!

[@DerGeldmentor]

❤

[@Kermo_17]

Weather ?

[@landoghini7149]

If I were wanting to jump in today i would 1) build a gpu rig with some 4070 with a good cpu such as amd 3950 to also cpu mine 2) start a node 3) get a hivemapper for the car 4) Try a box miner like ks0

[@kevinmiller4590]

My first cpu build is going to be 3950. Seems most energy efficient, hope I can build one soon 😊

[@jarik81]

Get a gpu

[@lightbowden]

Can I pay you to help me start? I have no clue where to begin

[@user-eq3ih2ds5v]

Love from this side 😊! Because i really want to be a crypto miner! But i don't have enough capital, please where and how will i start 😢

[@kevinmiller4590]

I’ve started with phone mining, low cost hardware, low wattage, profitable, It’s pennies but profitable…. To get a feel, also Nice hash and unMineable was mentioned, if you have a good gaming computer, you can download the apps and see what you can make …

[@nor44lab]

Been looking into mining recently so interested to watch this. I don't think it's quite as lucrative in the UK as our energy prices are a lot higher. I used some of the earnings estimators for rigs on sites and for some the electricity was 100% and profit 0%

[@TheHobbyistMiner]

Yeah sadly Electric Cost are a huge driving factor that cut into your profit margins and operating cost. What is your Electric Rate?

[@mike_t_007]

Can people contract mining go other people in lower energy cost areas?

[@kevinduke1055]

you really didnt go over anything, whats the best platform to house your bags?

[@csul8087]

I have enjoyed your video as I am looking to start mining. Have you a video on a plug and play system that you can set up quite easily please.

[@TheHobbyistMiner]

Yes I have. Most Box Miners are very much that.

[@TheHobbyistMiner]

Stop in the Discord, great place to have more of a conversation. Link in Video Description.

[@GoFast4Me]

I’ve got 4 x 8GB 580’s that used to mine Eth. Since that stopped I disassembled. What should I start mining again??

[@zoeditationmotivation6979]

Shib

[@ardalanaudine1199]

If I'm using an older ASIC like an antminer L3+ mining bitcoin, can I always get paid in BTC instead of a conversion? Thanks

[@jarik81]

Yes you can.

[@PunsRDum]

i don't like keeping track of multiple wallets. Is there anything that i can do to organize them in one program or is that unsafe? Also, the taxes on profits is probably pretty complicated. Any resources you can recommend for learning more about how to file taxes on crypto?

[@kingjester2382]

There are some wallets that can hold plenty of different coins. Zelcore has a lot of the big mineable coins on it. The tangem wallet is pretty popular if you want to use a hardware wallet. Koinly is one of the more popular tax filing sites. You can track everything there and then pay for them to do the report

[@wolverine1981pl]

10:00 like what?

[@areutryingitout5678]

1st

[@carterbuck9041]

In your shed, what did you insulate the walls with to keep it cool during summer?

[@TheHobbyistMiner]

You dont. You just want air in and out of the shed as fast as possible. On the inside walls in a hear barrier, silver in color that I asked to be added when they built the shed

[@carterbuck9041]

@@TheHobbyistMiner thank you so much

[@Kermo_17]

What do you think abaut mining on it phone whit app . And if u have one do you have any advoce

[@livingbehind661]

pi coin !!!!!!! super interesting project that asks only a bit of your time.

[@user-wr6ne1sx8f]

What’s a decent setup I can put together for roughly $1000-$2500?

[@user-vo5gi5ky5z]

Hello hamster bro

[@EricSoulliage]

if you're not a tech savvy cryptominning is not your thing , dude is not a miner he's a user , ASIC are to crypto mining what a cab ride is to formula 1 , i.e driving miss daisy

[@henrycruz8864]

Stick to Jpros people.. XPs break.. whatsminers are good but the Power supply doesnt last. Stick to Jpros 104T. You’re welcome.

[@CryptoMeme]

S19k’s are more efficient and jpro have hash board issues.

[@EricSoulliage]

crap it shows neither of you need to worry about your bottom line , 1500$ for your first rig ? mine was 25$ , 1500$ for me is 2 mortgage payment as a single parent

[@rickka3689]

I want to get into it but don't have alot of money what should I do

[@EricSoulliage]

@@rickka3689 instarted with a $45 raspberry Pi then 2 then 4 , then 1 computer , 1 GPU., I'm now at 5 host and 48 GPU , if you don't have money what you need is patience

[@Marcallyn393]

*So you want to be a cryto miner* transform into an actual miner💀

[@Steamy_Dumpling]

Your code don’t work

[@TheHobbyistMiner]

Which code? Where?

[@TheHobbyistMiner]

Found the issue with Altair Tech. All Fixed! Thank you for the heads up!

[@NizmoMiner]

Omg I thought this guy in gold shill discord was some rando!!

[@TheHobbyistMiner]

Haha!

[@janyivanov]

kzbin.info/www/bejne/rIfPYp-InLdqirM - February 2024 WTF you are talking about it's 15/03?!?!

[@paulmitchell2857]

Are you serious??? Bitcoin just went from $16k to $73k and posted 7 flipping Green monthly candles in a frickin row, and you say you don't know if we are in a bull or bear market. Excuse me. This is why crypto is so great and so crazy. It's the only investment in the world where someone who doesn't know if 7 Green months in a row is possibly the most Bullish market we will ever see and even rare for BTC. Yet they can still make a lot of money from nerding out on computers

[@fernandotavarezfondeur3724]

Love what you do @TheHobbyistMiner. Have being trying to schedule a time with you, but I am getting an error in the page, could you help?

[@KevinR30]

I wonder how many subscribers all are subbed to the same channels. Awesome mashup guys. Let's not flood the pool though.. Happy Mining. Don't stop even after the drop. 🛕