Seriously, is buying mining hardware even worth it?

Figuring out if buying crypto mining hardware is worth it is harder than it might seem at first. So in this video, I go explain in depth the 3 most common ways of how to calculate how fast mining equipment will ROI. This can be applied to any type of mining hardware, including ASIC miners, GPU mining rigs, CPU mining rigs and anything else!
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!
𝗠𝗘𝗡𝗧𝗜𝗢𝗡𝗘𝗗 𝗩𝗜𝗗𝗘𝗢𝗦/𝗟𝗜𝗡𝗞𝗦
🤖 ➞ Bitmain L9: bit.ly/seb-L9
🤖 ➞ Bombax EZ100: bit.ly/seb-EZ100
📺 ➞ Mining vs. buying crypto: • Mining vs buying crypt...
📺 ➞ Mining economics video: • How to make money mini...
𝗠𝗬 𝗥𝗘𝗖𝗢𝗠𝗠𝗘𝗡𝗗𝗘𝗗 𝗦𝗧𝗢𝗥𝗘 𝗧𝗢 𝗚𝗘𝗧 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗔𝗡𝗬 𝗖𝗢𝗜𝗡
🌟 ➞ bit.ly/seb-CoinMiningCentral
Use above link & code: SEB for a $120 discount!
𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗘𝗥𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
🤖 ➞ Great miner if you have expensive power: bit.ly/seb-Jasminer
🤖 ➞ Best DOGECOIN+LITECOIN miner: bit.ly/seb-L9
🤖 ➞ Best BITCOIN miner: bit.ly/seb-S21-XP
🤖 ➞ Small, silent & cheap KASPA miner: bit.ly/seb-KS0-ultra
🤖 ➞ Best KASPA miner: bit.ly/seb-KS5-pro
Use above links & code: SEB for a $120 discount!
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𝗠𝗬 𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗠𝗘𝗥𝗖𝗛 (𝗧-𝗦𝗛𝗜𝗥𝗧𝗦, 𝗦𝗧𝗜𝗖𝗞𝗘𝗥𝗦 𝗘𝗧𝗖)
👕 ➞ www.gpuheadz.com
Get something AWESOME & support the channel 😊
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𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗜𝗡𝗚 𝗚𝗣𝗨𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
✨ ➞ Good at everything: amzn.to/3FIzpSO
✨ ➞ Cheap & power efficient: amzn.to/3FIXngL
✨ ➞ If you want a beast: amzn.to/3FJTpEv
✨ ➞ Incredible at some coins: amzn.to/3yXr3mn
✨ ➞ For very low power rigs: amzn.to/3FEHp79
As an Amazon Associate I earn from qualifying purchases
𝗕𝗘𝗦𝗧 𝗚𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚
💎 ➞ bit.ly/seb-R8
Use above link & code: SEB for 10% discount!
𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗠𝗜𝗡𝗜 𝗠𝗜𝗡𝗘𝗥 𝗙𝗢𝗥 𝗦𝗢𝗟𝗢 𝗠𝗜𝗡𝗜𝗡𝗚
🚀 ➞ bit.ly/seb-BTC-nano
Can be used for a small chance to mine a Bitcoin block worth 3.125 BTC!
𝗞𝗘𝗘𝗣 𝗬𝗢𝗨𝗥 𝗖𝗢𝗜𝗡𝗦 𝗦𝗔𝗙𝗘 𝗪𝗜𝗧𝗛 𝗧𝗛𝗜𝗦 𝗪𝗔𝗟𝗟𝗘𝗧
💰 ➞ bit.ly/seb-Tangem
Use above link & code: SEB for 10% discount!
𝗖𝗢𝗜𝗡𝗟𝗘𝗗𝗚𝗘𝗥 𝗠𝗔𝗞𝗘𝗦 𝗖𝗥𝗬𝗣𝗧𝗢 𝗧𝗔𝗫 𝗦𝗨𝗣𝗘𝗥 𝗘𝗔𝗦𝗬
📝 ➞ bit.ly/seb-CoinLedger
Use above link & code: SEB for 10% discount!
𝗔𝗜𝗥𝗙𝗟𝗢𝗪 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦 (𝗚𝗥𝗢𝗪 𝗧𝗘𝗡𝗧𝗦, 𝗘𝗫𝗛𝗔𝗨𝗦𝗧 𝗙𝗔𝗡𝗦 𝗘𝗧𝗖)
💨 ➞ bit.ly/seb-AC-Infinity
Use above link & code: SEB for 10% discount!
𝗤𝗨𝗔𝗟𝗜𝗧𝗬 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦 (𝗥𝗜𝗦𝗘𝗥𝗦, 𝗦𝗣𝗟𝗜𝗧𝗧𝗘𝗥𝗦 𝗘𝗧𝗖)
🤩 ➞ bit.ly/seb-GPU-risers
Use above link & code: SEB for 10% discount!
𝗧𝗥𝗬 𝗛𝗶𝘃𝗲𝗢𝗦, 𝗠𝗬 𝗙𝗔𝗩𝗢𝗨𝗥𝗜𝗧𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗢𝗦, 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘
🖥️ ➞ bit.ly/seb-HiveOS
Use above link & code: SEBSFINTECH for a free $10 bonus!
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𝗝𝗢𝗜𝗡 𝗧𝗛𝗘 𝗖𝗛𝗔𝗡𝗡𝗘𝗟 𝗙𝗢𝗥 𝗕𝗢𝗡𝗨𝗦 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
⭐ ➞ / @sebsfintechchannel
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📦 𝗚𝗘𝗡𝗘𝗥𝗔𝗟 𝗔𝗠𝗔𝗭𝗢𝗡 𝗟𝗜𝗡𝗞𝗦
Mining rig tools: amzn.to/3qhqVLc
Clean your mining rigs: amzn.to/40nEiZk
📦 𝗚𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
GPUs & risers: see above
Motherboard: amzn.to/3PcSW2H
CPU: amzn.to/40lck0A
RAM: amzn.to/3gxxHGF
Power supply: amzn.to/3ZbPibj
Use 2 PSUs in 1 rig: amzn.to/3TCWvQn
Plug 4 risers into one PCIe slot: amzn.to/3gfrEqZ
Mini touchscreen: amzn.to/3pMGRmI
📦 𝗖𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
CPU: amzn.to/3NafFd7
Fast RAM: amzn.to/3SDS2uE
Normal RAM: amzn.to/3gKsBdz
Motherboard: amzn.to/3T2y801
SSD: amzn.to/3FjCutg
Power supply: amzn.to/3gHdNfV
24-pin splitter: amzn.to/3fegxAZ
As an Amazon Associate I earn from qualifying purchases
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𝗙𝗥𝗘𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗙𝗥𝗔𝗠𝗘 𝗣𝗗𝗙 𝗕𝗨𝗜𝗟𝗗 𝗚𝗨𝗜𝗗𝗘 𝗜 𝗠𝗔𝗗𝗘
⛏️ ➞ bit.ly/miningframe
𝗟𝗜𝗦𝗧𝗘𝗡 𝗧𝗢 𝗠𝗬 𝗠𝗨𝗦𝗜𝗖 𝗢𝗡 𝗦𝗣𝗢𝗧𝗜𝗙𝗬
🎧 ➞ spoti.fi/3TA4n5g
𝗡𝗘𝗘𝗗 𝗠𝗜𝗡𝗜𝗡𝗚 𝗛𝗘𝗟𝗣? 𝗝𝗢𝗜𝗡 𝗠𝗜𝗦𝗙𝗜𝗧 𝗠𝗜𝗡𝗜𝗡𝗚 𝗗𝗜𝗦𝗖𝗢𝗥𝗗
💬 ➞ / discord
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𝗘𝗠𝗔𝗜𝗟 𝗙𝗢𝗥 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗘𝗡𝗤𝗨𝗜𝗥𝗜𝗘𝗦
✉️ ➞ [e-mail]
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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.
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📼 𝗩𝗜𝗗𝗘𝗢 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
00:00 How to know if mining hardware will ROI - Introduction
01:46 Some examples of ROI
04:34 Recap of how making money in mining works
07:31 Why calculating ROI is complicated
08:20 Using coin value to calculate mining hardware ROI explained
09:48 Using coin yield to calculate mining gear breakeven explained
15:08 Using mining profitability to calculate mining rig ROI explained
17:47 Coin Mining Central ad
19:31 How to ACTUALLY know if buying mining hardware is worth it
#cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate

[@CryptoKattFarms]

Awesome video. I don’t look at daily profits or ROIs, I just buy the hardware I need to mine the coins I want, pay electric out of pocket, and hold all of it until alt seasons and bull runs. Everything in between doesn’t matter.

[@ADHDCrypto]

Bro…. The quality, background, camera and audio is incredible in this video. I’ve seen a ton of your vids but this is a massive upgrade! Nice work dude

[@ADHDCrypto]

And lighting!

[@SebsFinTechChannel]

Hey I'm so glad people are appreciating this! Every video I try to improve something, and I guess over time that adds up!

[@YFGuy]

i bought 2x KS5L 12T for a total of 11'000$ (inlcuding hosting installation) - is that good?

[@icechivas]

U will do just fine, bought KS5L for $12k just 2 months ago 😢

[@captainhappy]

Mining profitability should not be mixed with price appreciation. They get mixed unevitably because mining needs time, and prices change during the time, but still, if those get mixed, then all math turns to skewed and speculative guessing. Mining profitability should be calculated by the expenses used for the mining and prices of the moment you got the rewards - not by the future prices of hodled rewards. For the latter you can participate simply by buying the coin without buying any hardware (excluding the coins not yet in exchange, but it's full speculative thing anyway).

[@SebsFinTechChannel]

So your way of calculating is exactly like no. 3 that I present in this video then. 👍

[@captainhappy]

@@SebsFinTechChannel For a miner, it is very important to be able to count in both, the mining profitability AND also price appreciation. But mining profitability is just the immediate outcome of the mining process, so I guess it matches your number 3. Just don't mix them together, you make things harder for yourself, but just accept, a successful miner can also think the price appreciation (which is NOT same thing as mining profitability). This might be confusing some times, but think it from viewpoint of the bank you go to ask a loan from, the example I wrote before :-)

[@captainhappy]

@@SebsFinTechChannel You could even mine unprofitable (negatives) for long time, if you had a good knowledge about upcoming huge price appreciation. Mining itself is not profitable, but then again, you are then constantly acquiring the coins for some price (mining expenses), and after you acquired the coins, you wait for price appreciation to happen. Still, these are 2 different things, even if for miner it is very important to see the combined results from mining process to the moment when those coins get price appreciation.

[@captainhappy]

@@SebsFinTechChannel Btw, at least in our country the taxation laws say you pay tax from mined coin per the moment you acquired the coin. So, that's the moment deciding mining profitability, and the days after that are price appreciation or depreciation :-)

[@rascruce32]

Solar for the win

[@captainhappy]

Any kind of speculation about price appreciation involved in the profitability calculation sort of undermines the trust to that calculation. Imagine you go to bank asking for loan for mining equipment, do you present them clear and proven numbers about expenses and difficulties and rewards (even if the difficulties change), or do you say to the bank: "Yea hey I know this is not profitable immediately but HEY IT WLL GO 1000x!!" :-) The bank considering a loan certainly does not want to participate in any hopeful thinkings while they consider if they loan the money to you or not. (and banks probably don't make much loans to miners anyway, except for some industrial sized operations who have millions in their backpocket anyway)

[@Max-xd1td]

I need advice, i have solar powwr 1500 watts setup. I am thinking of buyung two ks0 ultra 400gh 100watts, what do u think?

[@jediknight2350]

doit

[@Scandinavianmarauder]

What would be a reasonable price for an old antminer t9+? Electricity is not an issue.

[@LarsLarsen77]

Basically nothing, the cost of shipping basically. I got an S15 a couple years ago for $200 and it's twice as efficient at about the same wattage. You can get an Avalon Nano 3 (4TH at 140w) for $100 and it's silent, unlike the antminers, you can't even be in the same building as those things unless you modify the fans which costs even more money.

[@thearnabsarkar]

Increasing the hashrate pumps the price of a coin -if there is a positive sentiment and feedback loop about the coin.

[@miningstacker]

The 🐐 !

[@SebsFinTechChannel]

You are!

[@XazaxCZG]

You can't always sell the equipment. I'm sitting on Goldshell KDA-MAX boxes no one wants because of Bitmain KDA miner.

[@nilarmstrong]

Yup

[@davidexton877]

In my case, costs exceeded ROI within the last 2 months. Sitting tight, but not feeling positive in the short term.

[@user-rv1yq5lq4g]

nice

[@attepatte8485]

Hey Seb! I have been off of crypto for a while now while loosely keeping up with news and prices bi-monthly. This is so weird because we are so close to the bull run or the time when BTC will reach the top of $110-150k but it doesn't feel like it profit wise. In the past you would be making money especially now that bitcoin has reached an all time high even before the bull run! I really don't know what coins to buy or rtx 3000 gpus which arent that cheap but also make no profit.

[@oggymix]

Google coin name + price prediction and you find many sites who do coins price prediction or bullish/bearis charts. I looked 6 similar paged about KAS price prediction AFTER 🙃buying KAS ASICS, all were positive predictions👍

[@0nlyjs]

Mining is dead bro....I'll only turn on my rig to heat my rooms in winter....

[@ericjmorey]

A heat pump will cost you less to heat your room.

[@kmponthebeat]

@@ericjmorey😂

[@Mr.X_Dj_Arrow]

🔥🔥🔥✌

[@saschaparakenings5200]

When you think about the Time of 1 year and calculate, than buying the coin gives you 1 year the Chance of selling for the price you want. Thats another big Difference of mining and get small amounts and mostly a rising difficulty with less coming coins. And that ignores the possibility of staking.....

[@witness1013]

Thank god you didn't take an economics class from Seb who doesn't understand time or opportunity cost when he creates these useless little comparison videos.

[@kursed1771]

Gpu mining is beyond dead.. 😢

[@hdcomputerkeith]

slowly very slow ROI

[@yanlabon1614]

If we turn in real bullrun its worth it if not you got ruggg

[@madechannel6370]

gpu mining is dead because gpu is not effisien for mining etherium era is over do not dream. 😅

[@therctutor8100]

Could anyone have known that buying a multi thousand dollar miner in the very early stages of Mining was going to be profitable? NO. So you’ll never know now either as the future of greed hasn’t been set yet. It’s pretty simple though. Buy one rig of every type of miner and eventually one of them will pay the other off.

[@witness1013]

When has a coin you could mine go up by 10x after a commodity miner was available ? I'll tell you when - precisely - NEVER. What a weird argument.

[@SebsFinTechChannel]

@@witness1013 Bitcoin and Dogecoin are the 2 immediate ones that come to mind, Nervos has done it in the last 6 months, actually Kaspa has been very close to a 10x since the first batch of miners came out too. Kadena did a massive pump last cycle well after the ASICs had come out. Also, you call it an “argument”, I’m not arguing for anything in this video, and the fact that I used an ASIC miner as the example is irrelevant, if you don’t like that just replace the word ASIC with GPU and it’s the same thing. Just trying to explain how to calculate ROI for any type of mining equipment.

[@goldeneyeforevercom]

One rather substantial oversight. Time. What is your time worth? At least put it at minimum wage. If you just buy coin, it's one and done. You don't have to fiddle. Yes you could say an ASIC is just plug and play. Perhaps it is. But you also need to consider inconvenience. Noise. Heat. Time to maintain mining equipment. Just buying coin is not a 1 for 1 comparison. Does mining equipment last forever or what about depreciation? I honestly think most people are past this notion that a coin is going to go up in value. People still believe that? Double your money? Really? I think regular investments (real ones) would prove to be smarter. Not as fun to be sure. But who predicts some worthless coin to go up in amazing value? Maybe the sellers of the ASICs and hardware.