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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 (3390)
BigWater59 (1 day ago)
All junk now.
Danni Jensen (1 day 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 days ago)
Stop Miners! I Need A GPU Before Their Price Reaches $10000
antoine benarrous (4 days ago)
Euhm my pc is lagging for no reason should I reset it ?
Cooper Cowley (5 days ago)
mining away. .
Simon Vlad (8 days ago)
mining with bitcoinminingprofit.com is very worthy and profitable
Coins 2929 (12 days 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 (12 days ago)
but they are at 400 usd now :/
Mark Giubarelli (14 days ago)
If coin mining is so profitable then why is this company not just using them to mine rather than selling them?
chelsea stuart (17 days ago)
y'all need to make extra 💴💶💷 then go txt hackercraig for 💶 would surely hack you some $ --->530404-0768
chelsea stuart (17 days ago)
txt/whatsap
GOth JOnes (20 days ago)
comes back a week later.... miners are obsolete making -1 a day
Blue Jay (20 days ago)
Honestly the *real* bitcoin mining is making/reselling the machines that bitcoin mine
BTC Donation Pull (Only Because You Want To For A Good Deed Of The Day) ....Anything Counts. Thank you so much and have a blessed day:) Donate To: 32vzHTAeH9xHcMbVhcDJ4ipqs4kPSNfP5c
Film Studio (21 days ago)
Well I found free $5623a money making system that is really working:(just go to) greatworks.club/?WHKyN Great work...
Matt Kelly (23 days ago)
I remember waiting 7 months for my butterfly labs bitcoin asic in like 2012, by the time they had finished premining it and sending it to me it was useless. Such is the way with asic even today.
Susu Htwe (24 days ago)
https://www.investvoyager.com/?campaignId=nAHw2Rl4_mpooRv_Hs8wNxMBxAU&referralCode=ZBOJIef&code=GETBTC25
Nasse ナッセ Sweden (24 days ago)
I will stick to miming,
Inversiones Alfadan (24 days ago)
What do you think about this asic miner https://bittech.cn.com/#hbig-one ... I think this is a SCAM
Mike Craft (25 days ago)
The S9i from bitmain now is only 426$ 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 (27 days 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 (29 days 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 (30 days ago)
𝑀𝑜𝑟𝑡𝑎𝑙 𝑐𝑜𝑚𝑝𝑢𝑡𝑒𝑟𝑠
gemixnew gmail com (1 month 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
ṽᴧ volts (8 days ago)
This is blatantly terrible account faking. Get fucked Russian.
karren vee (1 month 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 (1 month 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
chaser 81 (1 month ago)
can i invest in any other crypto except from bitcoin, i can start with 12 etheruem just in my wallet
Daniel Dipo (1 month ago)
Can you please make an update to this video? It is real outdated now....
Mr. Tech God (1 month ago)
For very fast BTC mining #MrTechGod
Harley Me (1 month 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 (1 month ago)
Why hasn't the original Bitcoin creator made himself known and fork Bitcoin.
Gazza-usa (1 month 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 (1 month ago)
the owner of that company could have like 30 of the newest ones and be like super rich
Bonacci Invest (1 month ago)
Guys mining is not actual in 2018 😂 Check how we grow Bitcoin investments with forex trading👌👌👌
Shahabaz Khan (1 month ago)
So.. to the people who make and sell these ASICs.. WHY WOULD ANYONE SELL A MACHINE THAT PRINTS MONEY????
Mrpersonman0 (1 month ago)
He made this _after_ the crypto crash.
dheasley2 (1 month ago)
This shit is stupid. They dont even make shit for money. Too many lazy ass people out there these days.
Jose Rodriguez (1 month ago)
Hey, can you make a video teaching how to mine SOLO with the L3+ and D3. Please! Please! There's nothing online to teach us.
JungYeon Han (1 month ago)
Can you BUILD a asic miner???
sysmanpda (1 month ago)
where you miss BitFury ?
Agent Hunk (1 month 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 (1 month 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 (1 month 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 (2 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 (2 months ago)
Lets hope this ends the Gaming-GPU wasting.
Ingax (2 months ago)
can you toast marshmellows?
WildBuck007 (2 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 (2 months ago)
This guy looks like a bird
first last (2 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 (2 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 (2 months ago)
lmao jake getting left hanging with the exacto knife
jack5001ful (2 months ago)
this isn't worth the headache it takes to set up.lol
Thirty Three (2 months ago)
Is anyone using the heat from mining to do useful work in say a greenhouse?
Thirty Three (2 months ago)
So are quantum computers the next stage after asics or is there some hybrid of the two
cam anderson (2 months ago)
I can just imagine if I had that thing in my room
The Gaming Titan (2 months ago)
Antminer X3?
AndreasH900\AH900 (2 months ago)
I love Mining on MY RIG GTX 1070 SLI
Conor Stewart (2 months ago)
But can you watercool them for higher efficiencies?
crazygamingfab (2 months ago)
would this mean that graphics cards would get cheaper?
Jeremy McGregor (2 months ago)
FPGA is taking over mining
Anthony Box (2 months ago)
You should build a fpga miner, just to try out each way to mine. Here's a link to a card you should use https://youtu.be/x9DJ18y8LcI
prival fang (2 months ago)
step one - get an old tanker truck step two - go to the town with the lowest gas prices step three - fill up tanker with lowest price gas step four - get a medium sized generator step five - set up mining rig and use generator power with cheap gas to mine bitcoin step six - profit (jk)
Useless Shit (2 months ago)
MH/W is not a correct unit. It would either be MH/s/W or MH/J
jozef taliga (2 months ago)
Great video guys!!!!!! Thank you!!! Very much!!! 😍😍😍
HitmarkBlaz3r (2 months ago)
I bought a GTX 1080 is that enough to make a reasonable amount of bitcoin with a graphics card
K C (2 months ago)
What a farce
ryan jack (2 months ago)
We should just stop miners, driving up gpu prices by 2-3x
nzeogu (2 months ago)
They released v1.2.2 finally, my S9 hashrate improved a bit. Im getting between 23-25 T/h with the new version https://www.youtube.com/watch?v=o_dqjd00Bv8 Share your results guys...
ZeroCold Gg (2 months ago)
youd probably be better of opening a tech store/repair shop tbh...
Leor Awesome (2 months ago)
Electric bills are too high
Don Mega (2 months ago)
8:00 the noise is comparable to those old western digital hard-drives. those were some pretty whiney sounding things.
Khalid Alamimi (3 months ago)
how much they pay u bro
Nenita Lore (3 months ago)
Check for it’s newest competitor “Unicorn Titan” which hashes 110Th/s
Master StellKerZ (3 months ago)
btc donation http://bestsitestoearnbitcoins.blogspot.com/2018/07/i-need-donations_25.html
Mark Ardon Bañga (3 months ago)
As it says *Linus never learned how to count * 1 week = 16 days :D thats great ^^
Julien SC (3 months ago)
You cannot miss this if youre interested in new mining tech. https://medium.com/@julien.s.caro/forget-about-your-rigs-fpga-mining-is-the-new-king-in-town-e136dec51e28
Triste Payaso (3 months ago)
Part 4!
Muhammad [Local guide] (3 months ago)
Cheapest option right now for for bitcoin asic https://www.amazon.com/gp/aw/d/B07BC8TDGD/ref=sspa_mw_detail_2?ie=UTF8&psc=1&th=1
PSGamerz (3 months ago)
8;12 thank me later
Pignut (3 months ago)
6:22 #Linuxtechtips
Ricky Neff (3 months ago)
At our facility we are mining with CPU, GPU, and ASIC's, dramatically more profitable per power consumption and part cost to build your own rig, that is because as the market fluctuates you want to change what currencies you mine. With ASIC's you are stuck mining one algo per machine, S9 (SHA256) L3(Scrypt) (MY FAVORITE <3 ) and with graphics cards, you can learn how to github, build, and mine anything you want. I am not listing my facilities hardware here, but if you got any old computers you want to get rid of, [email protected]
Black Ghost (3 months ago)
Have you ever just boot up anything without taking it apart. Lol. Great content by the way.
mak who (3 months ago)
mine btc with your cpu/gpu without any further knowledge! the app does it for you! i love honeyminer! https://honeyminer.com/referred/599a2
Adin Laad (3 months ago)
Give away please Gtx750ti love you. :*
Stephen Dembeck (3 months ago)
http://simbatools.com/coinmaster-miner-pro-reff233314/
Terracraft (3 months ago)
Nice and early
Phillip Downing (3 months ago)
mining is ruining the industry....Period....
Filkz (3 months ago)
Whats up guys, its your boy, LinusMiner28. Today is another mining video, we’re going to be looking at ASICs.
Loki Network (3 months ago)
Interesting to hear your take on the situation, Linus. We shared some thoughts on ASICs in a video earlier this year and see a multitude of issues with them.
Samuel (3 months ago)
Can't wait for the Bitcoin and crypto currency bubble to finally pop
MrFatbard (3 months ago)
so i get that you can mine and that there are good things to mine things with, but what is mining actually used for?
MrFatbard (3 months ago)
thx
Devon Merritt (3 months ago)
MrFatbard https://youtu.be/GmOzih6I1zs i guess this would answer your question better than the first link
Devon Merritt (3 months ago)
MrFatbard watch this it’s the simplest explanation i could find https://youtu.be/SSo_EIwHSd4
MrFatbard (3 months ago)
but like whats the point of solving it lol like what is the purpose of the solution?
Devon Merritt (3 months ago)
MrFatbard solves complex equations on the blockchain and when your asic or gpu solves part of one you’re rewarded with the coin you’re solving for. that’s where the profit comes in. simply put
Doterte Buster (3 months ago)
is it available to mine bitcoin in the Philippines?
Rachel Brinkley (3 months ago)
Hmm with all these comput miners and EVS out there investing in power companies is where the money will be!
Dofka (4 months ago)
Linus never learnED to count.
skogach (4 months ago)
So, are there ASICs for gaming?
Quantum Cuber (4 months ago)
BIT CONNNNNNEEEEEEEEEEEEEEEEEEEEEEEEEEEECT!!!!
Severedhead Death (4 months ago)
bit coin mining isnt worth the effort
Orlando Gareth (4 months ago)
Get the best Bitcoin mining equipment at affordable rates . Available and instalmental payments also . Contact us now for quotes and orders . www.lifestylemining.com
OneEyed Jacks (4 months ago)
This has so many similarities with the standard ponzi pyramid scheme its staggering.
Blakely Jones (4 months ago)
I have over 700 brand new in box S9i's in Montreal if anyone is looking for 10 or more units for local pickup.
Jens Sören Krüger (4 months ago)
better u mining on https://www.genesis-mining.com/a/1274777 plus get 5% discount --------------> 7Uq38P off for mining Contras yeah sonds like scam it is NOT inform u about Genesis mining im in since 2017 that guys go a geat job
jonathon rosalia (4 months ago)
still don't understand what all the calculations are being used for?
Garry Nutter (4 months ago)
Nice video, Where did you get the filters from ? Please.

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