Is THIS the SMARTEST MINING STRATEGY for the BEAR MARKET

[@TheHobbyistMiner]

What is your Mining Strategy during the Crypto Bear Market? How are you staying Profitable? What Changes have you Made to your Crypto Mining Farm?

[@IIAFARII]

I've sold all my old gpu 2 months ago. Now mine and HODL. Electricity cost is 0.04 $, so don't care about red market

[@ManinderSinghAhuja23]

that 18 hours is not for how long you've been mining. it's the time when your rig sent the last share. in your case it's 6:01 pm..

[@BojanglesTheMiner]

Using Unmineable to mine ETH and getting paid out in SFM V2 @1.03gh

[@mikehall2611]

Since my cost per kwh is $0.30, I've always been a bear market when it comes to mining 😂. I'm solely focused on increasing my sols/watt values when using miniz. It would be great if the hobbyist miner gpu spreadsheet included that value in a new column.

[@1261JAHO]

Is $0.11 a relatively cheap cost?

[@proplis]

Thanks to the blogger to share, I am a miner novice who does not understand English at all, accidentally found this wonderful video, which took five hours to translate into Chinese understanding, and now finally know how to operate, three by ETH to BTC method is too powerful, thank you again to the blogger for sharing

[@HopeRunsDeep22]

I love how much the Cypto mining community supports each others channels and advice. Some other communities are super toxic and compete with one another. Very lucky to be apart of a close knit circle of people that support the movement and each other! (aside from a few discord channels...) LOL

[@dmitryc760]

Never turning off my rigs. I did once in bear market (in mining for over 4 years now) to offset loan payment (by saving on electricity bill) that I had, as a results loan of around 10k was paid off fast, but if I were to continue mining through this time the gain at current top of the market would have been 40k 😁. It was my little experiment ) I learned my lesson.

[@vavanjukebox7137]

Paying my electricity bill without selling my cryptos, that's the hardest thing to do for me right now.

[@vavanjukebox7137]

@STEVE WALKER you lucky guy. Around 0.18$ here in France.

[@moody634]

@@vavanjukebox7137 in Missouri ive got $.094

[@vavanjukebox7137]

@@moody634 Just happy for you... 😭

[@moody634]

@@vavanjukebox7137You should try to invest solar panels. Just might be cheaper even with the initial investment.

[@TheEVGAftw]

We in it for the long haul.

[@jaychoksi617]

For your eth mining calculation on whattomine you've input electricity cost and the same is deducted before calculating profitability. Whereas your 2miners account shows your profitability without cost of electricity deduction...

[@quicksilver2890]

Nice video, I totally agree! Getting payed in BTC has been great for me since I don't have plenty of gpu's. The Eth gas fee just never made any sense to me since I will never be able to get the 23 eth together anyways in order to stake them at the rate that I mine . So what I currently do is I mine Eth for btc, sell it for a cheaper coin , stake the coins and hodle them while waiting for the price of the coin to go up. The staking makes up for my lack of gpu's and is doing well so far essentially doubling my earnings.

[@jasonriddell]

I would LOVE to see a one week "test" and split the octominer into two 5 cards mining ETH and the other half doing the ETH > BTC 2 flightsheets and look at the one week profit

[@ossihorst]

Hehe, the same I'm doing rn. All in on eth and payout in BTC, don't care when and if eth goes pos in June or August, I stay this way for all the time. Accumulate the btc is all I want for now. Stay focused and mine on, sir 😊💪🏼🤘🏽

[@do_ob85]

Yessir I’m doing the same !

[@Reyeston007]

Just get pay in eth.. It will go up after pos or when btc goes up. I don't understand this strategy

[@ossihorst]

@@Reyeston007 my strategy is for now, just accumulate btc, per mining, not trading or swapping, if eth goes to pos we will see what happens 😉

[@WastdTrashPanda]

@@Reyeston007 you don't know it'll go up after POS, eth wouldn't be much if it weren't for the miners, 85% of what's currently staked is done so by the eth Board because nobody wants to put that much of an investment on it. I'm not sure why you think it'll go up.

[@stomp4423]

@@Reyeston007 there is 0 guarantee eth will go anywhere. Miners are propping it now. If the bear market really hits hard for a few years, eth may not even survive, especially if they actually go p.o.s. And they know it. Which is why I believe it'll be delayed even longer. Btc is the only safe coin at the moment. I switched all rig payouts months ago. No shit coins either. They won't survive either.

[@cryptojohnny7781]

I think your better off on ETH as it is going to pop as well saying that I currently mine eth but get paid in Nano, but I think I'll switch to BTC as you have kind of convinced me Thanks

[@NizActual]

As someone who doesn't have a lot of time and has to "mine on a budget" you've confirmed some train of thought ideas I've had for myself of what I've been doing personally. So it's nice to see someone on a much bigger scale than myself taking a similar action under somewhat similar circumstances card wise with the parameters set forth in the video.

[@HighlightedMiners]

Appreciate the content man, gave me the courage to start my own channel.

[@TheHobbyistMiner]

Fantastic! Way to go!

[@claytyler-nt4rt]

I'm having a tough time understanding the analysis between ~10:13 and ~11:57 where it's said that it's more profitable to mine ETH->BTC on 2miners when ETH->BTC ETH->BTC is $3.36 over 18hrs and ETH->ETH is $9.74 over 24hrs

[@epicgaming-td9fw]

He does not konw what he is talking....does not make any sense!!

[@n8slackerman]

This style of talking head video is so much better than all the rest. Actual video to watch while you talk. Amazing 10/10

[@tomcarey3457]

yeah i can respect a miner that shows his face instead of just some finger pointing at everything

[@shmeegleson9464]

3:30 Woah ! how is your electrical rate so low?

[@alexs1540]

Such a great mining channel! :D

[@slicknick8713]

I've been Mining NishHash the whole time since March 2021 cause I'm paying off my 43 cards and equipment so I'm not Mining in the Bear market. Got Videos up to show my setup. Happy Mining everyone.

[@Ad.003]

Hi there Can I do mining ton coin and get btc in hive os ? Thanks for the video

[@seanflynn8689]

I use betterhash. They have no fee for exactly what your doing.

[@DjMines]

New editing on point! Looking like a 1 million andy to me! Love it hobbyist

[@darklord2703]

very good vid! will be experimenting with this...THX

[@tonyhooyer8997]

Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.

[@bigog4559]

You make it seem unreal to make up to that as a passive income annually,when it’s clearly possible. I have made over 1Hunnid thousand dollars from January till now with no joke game plan. She’s a masterpiece and her name is Eliana Brooklyn.😁

[@albertpitts417]

This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,,

[@smithryan5860]

I think a Good T/A like her will pay off more than random u-tube videos,a lot of KZbinrs don’t actually care if you loose money, they just want more views and traffic!.,

[@aftonratulowski1359]

She’s the one I referred my pops to after 2nd trading week when I just received profits. 12 days in my dad was smiling to $25,050 profit...tbh I became jealous lol was a bit skeptical starting high😤.

[@olianderson710]

Eliana Brooklyn really knows her way around trading, its evident from her deep knowledge of how the market works, reading signals to perfection, i feel very safe trading with her.

[@CrimsonGhost833]

I mine eth and get payed in nano through 2miners. Should I switch to BTC instead? I'm fairly new to this but have alot of fun building and setting up my rig for different coins.

[@Nahuel_Ramos]

I have the same doubt, I mined some Nano and I'm not sure if it's worth to switch to BTC or keep mining Nano and then sending it to some exchange to cash out when needed. Have you found any answer?

[@CrimsonGhost833]

No I haven't. I mine eth and gets payed in BTC atm. But the threshold for payouts are 0.005 so when I have that I'm switching back to Nano because the threshold are 0.0005 eth so I get payed every day and I think the potential to go up several hundred percent are more likely. Bitcoin maybe at best can go up 100%. So I'm thinking I will get payed in nano and use some of it on other coins i might like and hold the rest. Trying not to put all my eggs in one basket kinda thing.

[@Nahuel_Ramos]

​@@CrimsonGhost833 Great! I switched to BTC just to try it, but will switch back to Nano, I'm just waiting to reach the 0.005 threshold. As you said, I prefer to get paid daily without fees and exchanging it with different coins if needed. Thanks for the response! ':- )

[@Goodsdogs]

What kind of options do we have with our etc/RVn rigs?

[@nickphang6440]

Is 100% fan speed good ? If fan spoils will void the warranty when we change it ?

[@phonebackup6969]

is there a way to mine TON and get paid in BTC?

[@skrillex3311]

Hi hobbyist miner, would like to ask if im using exchange wallet address, do i use bitcoin network address for payout? because there is other network such as binance smart chain , trc and etc. please help

[@arielmainieri8072]

Can I use the same wallet of nicehash for each nicehash coin?

[@matthewm2631]

Thank you for a clear and simple walk through, you gain a new subscriber today!

[@michaelcarson8375]

what state are you in to get $0.05 electricity?

[@Arek_R.]

Why you didn't apply the refferal code on unmineable? It's almost no work and you lower fees from 1% to 0.75% You just apply your code to yourself by applying to your rig and that's it.

[@RichardSwift]

I like the idea and it is definitely worth looking into. One question I have is, isn't the conversion from ETH to BTC a taxable event? If so, I would try to look into reducing the number of events within a calendar year.

[@CryptoJetta]

Yes, I've been doing this on my first mining rig... some payouts in BTC and then sometimes "mining" Matic on Unmineable and throwing my Matic into AAVE for lending passive income..

[@consaka1]

Im confused since nicehash already mines eth and pays out in bitcoin. What did I miss?

[@DjRuben]

An Awesome video!!! Great way to avoid the Gas fees and get paid in BTC instead. Thanks for the content!

[@kilozolo8634]

with eth moving to a proof of stake this strat wouldnt work for long... correct?

[@shanebandolas1135]

yeah wtf it supposed to go to 10k after that

[@Robertsentertainment]

Is something like this possible with the Goldshell box miners? I have a few but would rather get paid in BTC like this

[@Piki279]

Yes, just search for pool that alows that.

[@DanteSpec]

Is this any difference of this procedure and mine directly with the NiceHash OS or other options available from their software on Windows?

[@WastdTrashPanda]

NiceHash OS isn't much of an OS and doesn't allow overclocking. So doing this version in HiveOS is the best way unless you're trying to do it on windows such as your gaming rig, which NiceHash has a nice program for.

[@omarg9342]

I love Unmineable. Mined USDT and CRO. Love the content bro.

[@rynax009]

At bear market ETH to BTC is around 0.034~0.072 At bull market ETH to BTC is about 0.079~0.088 So why its a good idea by selling your mined ETH into BTC at low price today? Why not hold , staking and sell into BTC when the price goes to the 0.08x range? Your methods seem to be sell in the bottom. Unless you are expecting ETH to drop much lower than today's price 0.072, then buy it back when its in say 0.044

[@rynax009]

Most people can not timing the bottom, so sell now and wish to buy back at low is very hard job for your subscribed user

[@TheEVGAftw]

Bitcoin usually pumps first though so you will notice the run up sooner on bitcoin and the rest always follow. Eth usually grows more but usually lags behind so if you time it right could be the best option.

[@theMidiablo]

Mine & hodl Ergo 🤩🤩

[@TheHobbyistMiner]

I have an entire rig of 570s mining ERGO Right Now.

[@robinredcrest5752]

I used to watch your realm royale stuff

[@TheHobbyistMiner]

Thanks for your support

[@martinbarreiro7460]

@The Hobbyists Miner, I only have one rig with 6 gpus (270 mH/s), would you suggest moving to being paid in btc or should I stay with eth?

[@DonSantana730]

I don't even mine. I'm just interested but I can tell this is a hell of a good video for the right people.

[@torquewrench1969]

Great strategy! I've been doing the ETH -> BTC since ETH dropped below $3200 Just the savings on fees makes it more profitable!

[@louiemendez5947]

Can you do this method if you have an unpaid balance on 2miners or is it better to receive the payout then switch to BTC?

[@Piki279]

switch after payout.

[@xcg33bassonx51]

Im busy with the same strategy for a couple of days now. I took the bear market into consideration. im clearly running at a lost paying R2.50 per unit in South Africa on power aswell as running on 1x rx570 4gb nitro gpu. MIning is new to me but im slowly buying new stuff bit buy bit like helium miner that im waiting on and adding more gpu's as i safe up. Correct me if im wrong this might still pay of if BTC price goes up at the end of the day?

[@cspc2570]

Yes yes yes! I'm doing the exact same. No gas fees. Transfers are under 20 cents in BTC. And yes BTC will pop again.

[@JonathanGorr]

I don't understand why there's so much concern for "efficiency" when you know that Ethereum will be 8-12k in the future.

[@vitalis]

When you live in europe you care. If you are a smart investor you care. If you have any type of mining farm you care.

[@fullyelectric]

Great 👍 content I have been doing this .. good to see a video about it, as for ETH how do you know ETH PoS will not make ETH go crazy up after ETH goes PoS? You know ETH going from $3k to $6k would double your investment vs BTC going from $40k to $60k .. just saying BTC would have to go over $80k to double your investment if you buy or transfer your coins to BTC today.. again just saying .. the same is true once ETH goes PoS the value could tank however truly nothing seems to point to that thus is more than likely it will go well beyond $3k .. For me I am going to keep a bag of ETH, bag of BTC and loads of spec coins .. let’s see what happens within the next year or two .. save this post lol 😂 Awesome content keep them coming 👍

[@TheHobbyistMiner]

Thank you for the support! I appreciate it!?

[@mopikozz]

yea good point, how do u know ETH Pos will not make ETH go crazy vs riding BTC back up. I think its down to personal speculation if u r bullish on either ETH or BTC, then mine it by all means. I don't quite see choosing to mine/convert ur ETH to BTC is SMARTER?

[@tancakar8987]

only IF ethereum goes to POS and only if that will make the value of the coin going up which wont. it will be the same as hard broken miners of Ravencoin. It will reduce the value soon as miners not intersted on that coin. Eth might go just right down after the merge.

[@DMinerzChannel]

Great video brother!!

[@glitch0156]

Why not just keep mining ETH unless you don't ETH is going to be worth it after staking? After staking, though, I do plan to mine using one of the methods to mine alt coins which AMD card don't have a wide array of algos.

[@thewarriorpainter9159]

I’m buying right now and mining through the market.

[@rockguy5784]

One could also mine to a nicehash wallet, using any other eth pool and convert it to BTC and then transfer to the actual wallet. Fees aren't much tbh

[@xalex7923]

This is really smart. Me in Ethermine waiting for the fees to go down to get paid out...

[@luismartin4448]

Have some 580, 8G on hold FLUX was talking about making Red competitive with Green.

[@pretendmillionaire5501]

I assume there are options to mine ETC or something similar and convert to BTC with older 4gb cards too?

[@TheHobbyistMiner]

Yep!

[@matheusmeine]

I can create a new flight sheet just like the video but with ETC? or i have to make another changes?

[@Reyeston007]

Why not just save your eth instead? It will go up after pos or when btc goes up. This feels more like an ad.

[@SNIPR-jz4fz]

Exactly what I'm doing. It will go up and you will double your profits

[@stomp4423]

Eth going up? How would you know? The only ones staking are the devs. Since they own 60% of the share. Your delusional. It could tank also. Btc is the only secure coin long term.

[@SNIPR-jz4fz]

@@stomp4423 🤣🤣🤣 go away bro.. no one asked for your negative opinion It's gone up for me 2 times already.. its going up again.. btc goes up. Eth will follow

[@reps06]

Great job best strategy ty

[@davemcdrip510]

I just want one gpu!

[@flashdave4700]

Love the extra video editing. You had good videos in the past but the new edits are noticed and appreciated. They keep my attention better and are more entertaining. Keep it up!

[@Bigbacon]

prices are coming down on older cards as well. making harder to sell them. you can also adjust your cards to get more efficiency at the cost of a few MH per card. what I did since almost my entire rig is 1080tis. was running them at 41-43mh at like 210-220 watts. Adjusted them a bit and now they run like 37-39mh but at only 140 to 150 watts. Having trouble right now tryin to sell off some 1080s (non-ti) and can't move them unless its under $300 bucks. Might as well keep them and keep mining since they are already paid.

[@89Astharot]

great as always

[@bad_manbot]

super informative, thanks man.

[@codeAtYourOwnRisk]

Nice work on the tutorial. Thanks!

[@VmtSquad]

I tried getting payed into BTC with a Binance Wallet and it didn't work...which Wallet are you using for BTC ?

[@gorankunovic6404]

Exodus

[@rolandkertesz4196]

If you are mining to a binance wallet, then just convert the ETH to BTC on the app, no fees.

[@sebchaps]

Ledger

[@VmtSquad]

@@rolandkertesz4196 Yes but you pay the payout fees :) I manage to make it work and I make more $$$ per day with the exchange done by the pool and no fees to pay! BEST MOVE EVER until ETH 2.0 arrives!

[@kaytrim]

This gives me some options as I look to build. A rig of 6600xt would do well using this method. One question though, what is going to happen to this when ETH goes POS?

[@Piki279]

It's not going to work anymore after POS.

[@shammuk02]

if BTC hits 60k Eth will also hit 4k so basically no difference bruh

[@joeldoxtator9804]

Bear market is the perfect time to get ahead of the trends. We all know that Etherium is going PoS and that the other GPU mineable coins cannot handle the load. So setting up some CPU miners during this time is probably a good idea.

[@Rhall6451]

I think this is great advice if you have at least 1GH or more in your farm. But instead I'd go half normal Eth payouts and half into BTC. You capture both the scalability of Eths price as well as the obvious assumption that BTC increases in values from current levels.

[@cruizera2194]

Exactly what I did when 2miners started offering BTC payments. Now however, I just got my ETH payout after 2 months mining and am thinking of going FULL BTC instead. Am I crazy? Reading too much into Ethereum's struggles as of late? I don't know but would appreciate the input.

[@en4ble773]

@@cruizera2194 same boat here, just not sure if it’s better off just mine eth and buy btc vs getting paid in BTC zzz what would be better option?

[@vikythhshetty1752]

Its been 20hrs but in trust wallet i did not receive any reward

[@ChrisGains]

I had already swapped over to the BTC payouts on 2Miners - and not shutting anything down. My setup is small enough to be supported through my job. Hopefully difficulty drops and we can get better payouts!

[@paladdin1500]

Nice shirt !

[@jasonriddell]

I plan on building AND mining through the DIP I might "pull" my VEGA card during the HOT season fur MY comfort as I live in Canada and DO NOT have proper aircon in my house and the vega is BRUTAL VS the 6600XTs and the 470 8 gig and the 5700s I "have in the mail"

[@MrNigelTBean]

Wish I was mining in the USA, my electricity cost is equivalent to $0.22 and set to increase due to the UK's ridiculous WOKE green energy policy

[@NaCity]

super helpful video

[@georged9234]

No gas if getting paid in btc is a great option even if you are cashing out immediately to pay the bills. Thank you for sharing. Agree with your new direction. Quality vs quantity for sure.

[@J4ckta]

Nice ERGO t-shirt!

[@8w494]

Not sure, maybe with uncertainty about Eth's future this is a better strategy. But alts tend to have better % returns than BTC.

[@jafdell]

Not generally. Lots of alt coins dies

[@Reyeston007]

@@jafdell not eth...

[@jafdell]

@@Reyeston007 what r u talking about

[@mrhedstrom]

As a small miner with only 3x 3090s I have been doing the 2miners BTC mining for a while already to avoid ETH tx fees. Planning to run the rig as long as the profits are on the + side and hope 2miners or others provide the same BTC payouts for other coins after POS.

[@9876karthi]

I am converting ETH to LTC....

[@marteenStacking]

Been getting paid on Polygon with Ethermine and swapping to WBTC. Not completely automated but gas fees are super cheap.

[@VmtSquad]

Keep GOING! Elevetricity is cheap in Québec so it can drop again and I'll still be profitable. After ETH2.0 we're just gonna switch COIN :)

[@HalkerVeil]

This is what I've always done. With Nicehash.

[@timluther9305]

i have been buying up 580 cards to mine eth to get payed in btc

[@gregoryjames9863]

I have been doing this from day one with 2 Miners, very low processing fees.

[@DemeDemetre]

nicehash takes a huge amount of money, a couple days worth of mining per week

[@gorankunovic6404]

I'm doing that with 2miners on my amd rx580 8gb.....for payment need around 18usd in BTC...but your power on 580 8gb is great...

[@BassFishingAddictions]

If I had money to blow I'd be buying GPUs left and right, right now. So many people are selling theirs for cheap.

[@infinite-horizons]

Hello @The Hobbyists Miner, This is what I was exactly looking for. Thank you for your continuous efforts and guidance. Greetings from India. Wishing you great success and wealth.

[@F9023JFjcDfsdfw2e]

This isn't even the bear market yet! Bundle up everyone, stay warm!!

[@kasperandersen5607]

0.05… damn 🤓 At 0.55 here in Denmark 😭

[@marcelokufelcarmona775]

but eth goes up more than btc , in a bear market i understand because you trying to protect your capital and btc sufer much less than eth

[@MysteryUnveiled2414]

Thanks for this videos. This exactly what I am doing with ETH!

[@mprelectrical]

What bear market?

[@nerdclassic4411]

Market that selling pet bear

[@savvy4tech602]

Psst!! You're still relying on a centralized organization to control your ability to mine. Dump the "provider" you're using and make it a "process" your system does instead of "logging in" to your provider hoping their services isn't down to connect to. At least set the rigs with a fail-over provider. NONE of that can be done using HiveOS as your centralized provider. /pfft

[@Average_Geo]

I, just this last weekend, have switched a couple of rigs over to mine ETH but get paid in other POS coins. The reason? I am assuming that coins will return back to ATHs about the same time. If ETH is 50% from it's ATH and coin AAA is off it's ATH by 75%, if both coins eventually return to ATH at about the same time, coin AAA will have bigger returns over time than ETH. Pure speculation and requires mining & holding, but feels to me like a way to eek out a little more returns on my mining.

[@pagazuzduluho6257]

it s not just the bear market but also eth merge we re talking -80% mining revenue

[@maxit1082]

Perfect as always, thank you Hobbyist Miner. Did you tested it for 24 hours period, at least, and check out which one is the most profitable?

[@gecco1000able1]

Mine nano. Nano is low too 😁