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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?):
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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.
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.
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.
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.
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.
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 !!!
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?
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
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.