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Is Mining on ASICs Worth It? - Mining Adventure Part 3

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Thanks to Skillshare for sponsoring this video! Get your first 3 months of Skillshare for $0.99 at http://skl.sh/2n8FT4t. This offer is valid until Feb 15th! Mining was for a long time a GPU only game, but with ASIC miners seemingly everywhere these days, are they actually profitable? Buy ASICs (or maybe dont?): Amazon: http://geni.us/97mrAc Discuss on the forum: https://linustechtips.com/main/topic/891559-is-mining-on-asics-worth-it-mining-adventure-pt-3/ Our Affiliates, Referral Programs, and Sponsors: https://linustechtips.com/main/topic/75969-linus-tech-tips-affiliates-referral-programs-and-sponsors Linus Tech Tips merchandise at http://www.designbyhumans.com/shop/LinusTechTips/ Linus Tech Tips posters at http://crowdmade.com/linustechtips Our production gear: http://geni.us/cvOS Twitter - https://twitter.com/linustech Facebook - http://www.facebook.com/LinusTech Instagram - https://www.instagram.com/linustech Twitch - https://www.twitch.tv/linustech Intro Screen Music Credit: Title: Laszlo - Supernova Video Link: https://www.youtube.com/watch?v=PKfxmFU3lWY iTunes Download Link: https://itunes.apple.com/us/album/supernova/id936805712 Artist Link: https://soundcloud.com/laszlomusic Outro Screen Music Credit: Approaching Nirvana - Sugar High http://www.youtube.com/approachingnirvana Sound effects provided by http://www.freesfx.co.uk/sfx/
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Text Comments (3436)
bogart19693 (6 days ago)
WHAT DO YOU KNOW ABOUT THE Sun ORACLE SPARC T5 16-cores/128-threads 2803pin LGA Processor *RARE*
Chrrlees Whitesand (9 days ago)
Can u just use water cooler for gpu ?
MuchBitcoin DOT org (10 days ago)
Bitcoin!
Artillery Horse (11 days ago)
Hey, what happened? Lmao...
Icebreaker680 (17 days ago)
Linus, 1 year followup to this video maybe?
DestroyerJoni20 (17 days ago)
Saw the date and thought it was today, was about to flip at yt xD
Politically Correct (19 days ago)
I guess the bar is now set as to who can mine.
Shouldn't be paying for power! "Idiots" ...
Mohamed El-Sadany (22 days ago)
Best Mining Program here: https://cudominer.com/?a=2_sJxodLk And I just made a video about mining PCs and I would Love it if you can view it and maybe comment on how I could do better. <3
Royameadow (26 days ago)
Back in November of 20I8 and up to around the time of the United States Partial Government Shutdown, we had noticed the Dow Jones, Nasdaq, and Standard & Poors branches of the Stock Market drop by insanely brutal numbers, a major part of that (outside of the current speculations of a Trade War with China) being due to Tech Stocks taking a massive decline that I still do not know the full details about, which is where I hope that some of you will be able to explain to me. Does anybody here in the comments feel that Cryptocurrency Mining was a major contribution to the declines in Tech Stocks, and does it sound so farfetched that Cryptocurrency is a major part of what could trigger another Recession (if not a Depression) in at least North America? As Linus mentioned, Mining has ultimately resulted in a lot of hardware becoming violently overpriced if you were to get it New, much to the point where your best bets of getting a good prebuilt computer or the relevant CPU or GPU that you want must be a Refurbished or Pre~owned variant; this is creating a rather disturbing outlook for the tech world and it honestly could make those who want to upgrade their hardware have to surge up their budget to High End Gaming or Workstation Grade numbers (we're talking about 2000$ USD or better, at the very least), I would never want the industry to ever go down that direction because it's not good from a consumer and business perspective and thus would cause developers and local entertainers such as myself to wait for four to eight years to upgrade their hardware proper, and even at that, some CPUs, GPUs, and other resources have not gone down in price across five or even ten years. This is a major part of why whenever I do end up officially creating and releasing my own computer hardware concepts, I intend to permanently keep the prices as is from their Launch Date and going forward, so that if they are ever used for Mining, I would remain in absolute maximum control of telling the consumer class what they are truly worth, no currency of any form must ever be the reason for why a product suffers extreme or near~criminal levels of Price Gouging; if this were handled on a legal forefront, very likely I feel that Mining would end up restricted solely to ASICs and other unreasonably expensive Mining devices, wishfully this would save consumers a lot when investing in newer hardware for their computers and help even out what has lately been a horribly unbalanced playing field for millions, the lower grade hardware undoubtedly deserves far better.
Christopher Mckee (1 month ago)
In just about 12 months, BTC has made a drop of over 80% from a peak of $19,800 to less than $4,000 and I wonder how silly those that kept talking of $100,000 and more look now. Seriously, how much more evidence do we need that cryptocurrencies are purely speculative bubbles that are best treated as such and milked at the moment? The only space for investing is in real companies doing actual business with real currency valuation. My forecast for the long-term value of bitcoin is 0$, 0€, 0£, 0¥. Don’t get me wrong, I am not a crypto hater, in fact, I am above average financially but I still have a strategy which I implement with which I make a minimum of $30,000 monthly for a couple of months already. Even though I get assistance from Mr. James Long with trade strategies and signals, I still trade on my own so I don’t have to grant anyone access to my trade account (funds). What I do is seek his opinion on the markets as he is a very seasoned analyst and trader and then I use his signals which are very simple to use in placing trades and in the process, I learn a lot from him. You can mail him** (jameslong241 @ gmail. com) if you need his assistance too. A word of caution, never mix emotion with coins if you want to succeed and you have to be brutal as well i.e sell, buy, and trade when you have to follow the rules and always seek help if you are not already a master trader and are not making good and consistent profit on your own already.
Jussi Kankinen (1 month ago)
sure that mining companies use that "mining" to hacking banks or something, or is really billion cards just calcultaing 1 or 0, wasting energy
Natan Stanek (1 month ago)
0:40 guy in back gets aired
kuny9213 (1 month ago)
もしあなたが、アイフォンを持てましたら、pls sarch kuny9213 it is nice.
MatDude (1 month ago)
Maybe this is worth that kidney
evan wonsey (1 month ago)
Wow only 140$ for the s9 (clicks on color) (over 1000$) oh...
darthdude (1 month ago)
once again, the only people to make money are those who who are already loaded, can't have the poor rise too high right? might present opposition and we can't have that can we?
NaCl10 (1 month ago)
6:23 By “mini Linux computer” do you mean Raspberry Pi? Because that little box on top is about the size and shape of a Raspberry Pi...
XZYZ0R (1 month ago)
mining levels?
Steven Machado (1 month ago)
I realize this is an old video but can anyone direct me on the initial setup and whats required before purchasing your own mining equipment?
roger veldman (1 month ago)
0/10 no shoes
liam stockton (1 month ago)
love the spyderco knivfe linus
MechaBits (1 month ago)
is it worth mining full stop?
EP11 pen guns (1 month ago)
Mining on a $25 toy (bbc micro:bit) is worth it. If you use your own currency and create a radio network. Which I may have done... And I may have dropped $250 for 3H/s
Stunami (1 month ago)
How did you connect the machines to an account? How to manage it? Remote?
Why Me (1 month ago)
holy crap and i thought the reason i couldn't upgrade my pc was because i'm broke
Michael Brady (1 month ago)
I prefer using wet cardboard, tin foil and cat hair. Winner!!
patrick jimenez (1 month ago)
what backpack is the one Linus is wearing @1:00
Russ Gallagher (1 month ago)
Just saw two vid's made by miners who said they had to shut down their commercial mining operations when the B/C price went to $3,000. Yeah, they had good hardware but even running in locales with relatively low electric costs they were losing money. Right now probably only the Chinese with coal-fired electricity - ie. super dirty - are making any money; probably with commie government subsidies.
Samuel Noggle (1 month ago)
Do you want to earn massively while trading in Bitcoin with the right platform, then here is your chance. Strike me a message via WhatsApp or Telegram +1 (210) 305 5520
Mobile Master (1 month ago)
Where can I get my hands on one of these my friend
edgar clotier (2 months ago)
What if we use cloud gaming computers for mining ?
RBXII3 (2 months ago)
This is what cryptonight is for
Retroke (2 months ago)
just use some solar panels or other renovable energy sort and i think you will just be making money for free
Adrian Pras (2 months ago)
Bitcoin miners are subhumans
Michael (2 months ago)
Way to save on money-do your mining during the winter, and save on heating bills by just having your ASIC(s) blowing on you...if you don't mind the noise
jbooks888 (2 months ago)
Here in Australia, electricity is 30c+ per kWhr so I guess that totally excludes all chances of making a profit with any kind of setup.
Bbd L (2 months ago)
The fact I have 20 s9s for sale for 200 a piece local to me lmao
Georgio Henderson (2 months ago)
I prefer to run in my Asics than mine in them, i'm not a minor anymore
Ana Assburgian (2 months ago)
Surely those ASIC's could be repurposed as 3D render farms?
jozefsan (2 months ago)
50? are you sure?
Maaq Trkk (2 months ago)
Dude! I've been watching your channel whole day :DDDD ITS AWESOME!!!! u got new subscriber!
Mares Fillies (2 months ago)
That is 2 weeks Linus. ...
Spectra Jason (2 months ago)
I wonder what that guy felt when his knife was rejected
Advocatus Diaboli (2 months ago)
Cryptocurrency is one of many malignant tumors - cancer - growing in our modern society.
TheXug (2 months ago)
0:39 when you try your best but you don’t succeed
CrYptoMining (2 months ago)
Start mining on HASH-TO-COINS :: Multi Mining Pool : http://hash-to-coins.com/index.php?page=register&rid=62281
John Cordeiro (2 months ago)
pay rent all inclusive... hook up a fuck ton of miners... free rent?
Chris Mcfly (2 months ago)
i earn 14 BTC weekly through bitcoin hack, visit cruisehackerz.wordpress. com for your bitcoin hacks...they re so legit
BigWater59 (2 months ago)
All junk now.
Danni Jensen (2 months ago)
Why this crypto currency rage? When crypto currency becomes mainstream currencies there will have to be placed a limit, and it will just replace current currencies without changing the market. The reason why crypo money works in South America and Africa is because of it's harsh class and economic divide.
The Dark Eagle (3 months ago)
Stop Miners! I Need A GPU Before Their Price Reaches $10000
antoine benarrous (3 months ago)
Euhm my pc is lagging for no reason should I reset it ?
Cooper Cowley (3 months ago)
mining away. .
Simon Vlad (3 months ago)
mining with bitcoinminingprofit.com is very worthy and profitable
Coins 2929 (3 months ago)
Here's a site to get into crypto-currencys. if you spend 100 dollars you and me will get 10 dollars! Pretty good deal, right? https://www.coinbase.com/join/5a1112e3ea6602010ac4348b
Paypal And more (3 months ago)
but they are at 400 usd now :/
Mark Giubarelli (3 months ago)
If coin mining is so profitable then why is this company not just using them to mine rather than selling them?
chelsea stuart (3 months ago)
y'all need to make extra 💴💶💷 then go txt hackercraig for 💶 would surely hack you some $ --->530404-0768
chelsea stuart (3 months ago)
txt/whatsap
GOth JOnes (3 months ago)
comes back a week later.... miners are obsolete making -1 a day
Blue Jay (3 months ago)
Honestly the *real* bitcoin mining is making/reselling the machines that bitcoin mine
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Film Studio (3 months ago)
Well I found free $5623a money making system that is really working:(just go to) greatworks.club/?WHKyN Great work...
Matt Kelly (3 months ago)
I remember waiting 7 months for my butterfly labs bitcoin asic in like 2012, by the time they had finished premining it and sending it to me it was useless. Such is the way with asic even today.
game loserr (3 months ago)
https://www.investvoyager.com/?campaignId=nAHw2Rl4_mpooRv_Hs8wNxMBxAU&referralCode=ZBOJIef&code=GETBTC25
Nasse ナッセ Sweden (3 months ago)
I will stick to miming,
Inversiones Alfadan (3 months ago)
What do you think about this asic miner https://bittech.cn.com/#hbig-one ... I think this is a SCAM
Mike C (3 months ago)
The S9i from bitmain now is only 426$ w psu USD with 14.5ths I want to buy 4 then go off grid with them but prices that low suggest there is a more powerful miner in the works
Ogundare Femi (3 months ago)
I’m very grateful to hacker Leo, I just confirmed a Transfer of $16,400. It’s really amazing and hard to believe. contact on WhatsApp +13236731261 or mail via [email protected]
Svn Grhms (3 months ago)
Hey Linus when you get chance look in to the "Webchain Network" ..... Its also ASIC resistant with smart contracts and 100% ETH Compatible.
Hunter Bar (3 months ago)
𝑀𝑜𝑟𝑡𝑎𝑙 𝑐𝑜𝑚𝑝𝑢𝑡𝑒𝑟𝑠
gemixnew gmail com (3 months ago)
start earning from cryptocurrency today, they still need more investors,was browsing you tube till I found this man Tony Ivanov,invested in his miners now i have make a lot of profit weekly
TropicalParadise (2 months ago)
This is the dumbest most obvious scam ever
ṽᴧ volts (3 months ago)
This is blatantly terrible account faking. Get fucked Russian.
karren vee (3 months ago)
had to chill till i withdraw and now i can say this is real...real success. Am happy to be part of this
Broyka (3 months ago)
Im happy this investment is 100% safe i dont have to send him money,,i put in 4btc worth $25000 to his miners and i love the progress so far
Daniel Dipo (4 months ago)
Can you please make an update to this video? It is real outdated now....
Mr. Tech God (4 months ago)
For very fast BTC mining #MrTechGod
Harley Me (4 months ago)
lol poor antminers, they take so much electricity mining they've all become non-profitable.. how's that for them killing themselves off.. meanwhile my lil usb asic is pumpin 23 gigahash at only 1 watt of use... profitable I get 14 cents a week and pay 13 cent for power.... LOL mining is becoming unprofitable... meanwhile I make 1 doge fast on faucets.
vh9network (4 months ago)
Why hasn't the original Bitcoin creator made himself known and fork Bitcoin.
Gazza-usa (4 months ago)
Bitcoin mining is a waste of energy, compute power and money. We are at the point where the compute density required to mine is way above the profit level required to maintain the task. It’s a scam to sell you on the idea that you can make money. You won’t. You are buying a shovel to dig for a 1mm speck of gold that is worthless. You’re better off collecting plastic bottles and trading them in for cash !!!
Captin Cookie Face (4 months ago)
the owner of that company could have like 30 of the newest ones and be like super rich
Bonacci Invest (4 months ago)
Guys mining is not actual in 2018 😂 Check how we grow Bitcoin investments with forex trading👌👌👌
Shahabaz Khan (4 months ago)
So.. to the people who make and sell these ASICs.. WHY WOULD ANYONE SELL A MACHINE THAT PRINTS MONEY????
Mrpersonman0 (4 months ago)
He made this _after_ the crypto crash.
dheasley2 (4 months ago)
This shit is stupid. They dont even make shit for money. Too many lazy ass people out there these days.
JungYeon Han (4 months ago)
Can you BUILD a asic miner???
sysmanpda (4 months ago)
where you miss BitFury ?
Agent Hunk (4 months ago)
so,in other words have money to spend and afford everything or do not play the game...makes it a rich man's game...not worth it if your unable to compensate for large bill's...
Tanking Trucker (4 months ago)
I see ads on eBay for video cards where people say never used for mining. Can you or is there a way to find out if it actually was used for mining or is it just a shot in the dark. And if it was used for mining does it make the card not work as good or the lifespan not as long?
People think these vids are destroying the GPU market, when actually its sacrificing the near future in order to kill CriptoMining even faster.
firefoxo (4 months ago)
So the ASIC Hardware has come down in price like crazy. From 2500$+, to 500$. I wonder why? I am assuming is getting harder to ROI because of the massive competition right now.
Charlie Brouckunier (5 months ago)
Don't be deceived by those fucking asshole asking for an investment before you could make bitcoin, but if you're paxful user then I congratulate you, just login your previous account on here and see the new affiliated paxful mining it's only works for those having account on there before....thanks http://venishoes.it/LpTjt//8BZ2RGI/f428a695e024876d712bdf8599cf3220
Phuindrad (5 months ago)
Lets hope this ends the Gaming-GPU wasting.
Ingax (5 months ago)
can you toast marshmellows?
WildBuck007 (5 months ago)
Sounds like a pyramid scheme for stupid investors not even aware of why their magic money is getting tapped out. Disturbing stuff.
Cyanide543 (5 months ago)
This guy looks like a bird
first last (5 months ago)
Can you not simply mine with your regular PC with one video card during idle times? Or even mine while using your computer during low video card demand use, mining with spare resources?
Brandanscho (5 months ago)
I may have missed it in the video, but did you factor in the power required (power bill jump) to operate the mining devices?
cole Recksiedler (5 months ago)
lmao jake getting left hanging with the exacto knife
jack5001ful (5 months ago)
this isn't worth the headache it takes to set up.lol
Thirty Three (5 months ago)
Is anyone using the heat from mining to do useful work in say a greenhouse?
Thirty Three (5 months ago)
So are quantum computers the next stage after asics or is there some hybrid of the two
cam anderson (5 months ago)
I can just imagine if I had that thing in my room

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