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Bitcoin Mining in February 2018 - Still Profitable? READ DESCRIPTION

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NOTE: The price of bitcoin has dropped 11% in the past 24 hour period. This video does not reflect this price change, but I will be releasing an update later on the subject. NEW CHANNELS: TechStockHouse: https://www.youtube.com/channel/UC8IzbdgN-IDXlWH0dNdgGag TechCryptoHouse: https://www.youtube.com/channel/UCp7Gqpl9Kqiggr_Rs03X5pA Pledge $1 and BECOME A TECHCASHHOUSE DWELLER TODAY! https://www.patreon.com/techcashhouse THE NEW TWITTER: STOCK POLLS, NEWS, ETC. https://twitter.com/TechCrackHouse_ Buy, sell, what should be done? Keep it tuned right here on the TechCashHouse for news, tips, and the best ways to invest. Please subscribe and like, it helps a lot. I upload more regularly than Hillary checks her email. BECOME A CASHHOUSE DWELLER TODAY! Robinhood Download Links: IOS: https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Android: https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Robinhood Main-page: https://www.robinhood.com/ Acorns Download Links: IOS: https://itunes.apple.com/us/app/acorns-invest-spare-change/id883324671?mt=8 Android: https://play.google.com/store/apps/details?id=com.acorns.android&hl=en&gl=us Acorns Main-page: https://www.acorns.com/ I AM IN NO WAY A MARKET PROFESSIONAL; USE YOUR OWN JUDGEMENT WHEN PURCHASING STOCKS AND OTHERWISE. I AM NOT RESPONSIBLE FOR AND GAINS OR LOSSES THAT YOU MAY EXPERIENCE. THE MARKET IS INHERENTLY RISKY, AND YOU SHOULD ONLY INVEST WHAT YOU ARE COMPLETELY WILLING TO LOSE.
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Text Comments (102)
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I brought my miner from a usa store i paid them in bitcoins cash https://bittmain.org
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RyanWake bradtelle (7 months ago)
I wonder what the ratio of people mining Bitcoins with a hundred plus Asic miners 2 the average Joe with an extra $50,000 because he's 30 old with a full-time job so obviously some of those people have money saved up and feel like Bitcoin is worth investing in.
RyanWake bradtelle (7 months ago)
The cheaper used miners is the same case with graphics cards and altcoin Mining, something is intimidating people out of mining because it's less profitable and they feel like they make more money selling the miner than they would running until it died. So either they're using that money to upgrade their miners or their people who had 2 to $3,000 invested in Hardware or 10 to $30,000 invested in Hardware are opting out because they no longer believe it's profitable and they have tons of value and equipment.
RyanWake bradtelle (7 months ago)
Why Auto Sell Bitcoin, for people who have a full-time job and can afford the loss of electricity could they just keep the Bitcoin and wait for it to be at least a little profitable.
They could! It isn't a bad idea
asotti (7 months ago)
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There are now dozens of small digital currencies trading for just a few cents that are moving up dramatically over very short periods; like Asch traded for few cents at first but in less than 3 months $100=$570. Nolimitcoin traded for few cents but in 6 days, $100=$5,348. Mediterraneancoin traded for few cents but in 3 months $100=$8,313. There are also more promising coins out there. Contact Mr. Max he’s really good at this. [email protected] gmail. com
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trepcsuit (7 months ago)
See... point made.
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Drone Boy (7 months ago)
Could you make a profit with sha256 antminers mining bitcoin cash?
Reino Combrink (7 months ago)
Its not worth it. The Antminer S9 is so loud. I sold all my ASICS. Bitmain keeps releasing more and more meaning difficulty goes up!
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Dean Matteo (8 months ago)
Is this really possible
Lisa Edrick (8 months ago)
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frank baron (8 months ago)
This is a 75%safe,legitimate way of creating long-term profits from home without having to do anything yourself Would you like to invest your bitcoin or money to earn more profit with just a minimum investment of $1000 which is about 0.11620btc. Inbox me if you know what mining is all about. here is my [email protected]
Vishal Maurya (8 months ago)
*Here Mining is illegal*
Vishal Maurya (8 months ago)
*Love from North Korea*
DarkSiderS Z (8 months ago)
How are you calculating the profits? every single site that i have used to calculate The Antminer S9 would give me around $200 per month / around $2500 per year on a $0.13 power cost per kW...?
Peter Yaw Kassidy (8 months ago)
Hi Am Peter its high time you started making additional income apart from your normal flow of income. you will ba amazed the amount of money i make as extra income from investing in maxearn.biz i made $100 in a day and am still making over $15000 every month. click on the link below to start investing and become your own boss. http://zipvale.com/4fF0
Another pollution of the planet and peoples minds cause some ''few guys'' wanted to sell their programm to the banks ...and the banks rejected it....this planet goes straight to hell...hellas....
Jeffery Turner (8 months ago)
Hey just so you know. In your disclaimer you may have a typo.
Karter Dill (8 months ago)
Tiffany Hill
Jeffery Turner (8 months ago)
Also great video 👍
Thanks for letting me know. I'm in the process of revising my videos.
poweruser213 (8 months ago)
Do not confuse people - just tell profit is calculated if next 1 year difficulty stay same level... At current hype last ~1 month it increased 1.87T to 2.74T!!!
poweruser213 (8 months ago)
You forgot to say profit estimates are only if difficulty stay same level... In 2 months it have doubled the difficulty so forget to make any profit with any miner in near 2 months if difficulty keep increasing!
wmx99 (8 months ago)
The most significant factor is number of miners and difficulty target. If you look at just the BTC you earn regardless of USD value, the amount your earn is much lower. For a 13.5Th/s hashrate in June I was making on average 0.00079709 BTC per block. Now it's 0.00007922 BTC average per block.
Dragion Tech (8 months ago)
i bet a bitcoin miner would work better than my heater lol
Gary Alcorn (8 months ago)
Techwhorehouse
Alex M (8 months ago)
Hello my friend... Just had a few questions to ask about mining. I am thinking of Configuring (buying) a 5000 dollar desktop (ultra powerful) from origin PC (their Genesis model) which can house up to 4 video cards. This desktop would serve as my long term baby for not only computing needs, but also some mining hopefully, on Nicehash. Seeing that Bitcoin has dropped a lot in value (whereas video cards have not so much).. And seeing how this computer will cost me 5000 bucks to build with just two 1070Ti cards... But an extremely powerful motherboard with a Core i9 Intel processor, a 1 Terabyte M.2 NVMe Samsung evo SSD, and 32 gigs of ram... I had a few questions please. 1) would I be able to make any money per day using these two Nvidia GeForce 1070Ti cards (in non-SLi) configuration using Nicehash ? Down the like I plan on adding two more higher end cards. 2) The 1080 video card would cost me 100 bucks more each. So would I reap significantly more Hashing value on Nicehash if I started with a pair of 1080 cards instead of 1070Ti ? 3) Is it even worth going into mining these days ? As I said, my system will cost over 5000 dollars... And while it will be a sweet powerful desktop... I am not sure how long it will be before I can pay off the PC and begin making any form of profit. 4) I decided that if I was going to try any mining these days... Rather than spend thousands of dollars building a pure mining rig... I would much rather invest and get a powerful PC which can double as not only a mining computer, but as a computing PC as well. 5) Is it true that if I run some desktop (PC) video cards all day... That I will reduce the life expectancy of the cards by half? I mean I don't even know what the regular life expectancy of such modern day video cards are.... And what effect it would have to run them at Max capacity (full throttle) all day (other than using my electricity much faster than I normally, and reducing the life of my expensive video cards). Kindly give me your thoughts because this computer desktop I am thinking of investing into, will be quite expensive. And it can store a maximum of 4 PCIe High end video cards... But since I know nothing about mining, I want to be sure I am not going to regret such a huge in investment into a powerful "Origin" desktop that will act as a multi purpose mining computer and productivity computing machine. Thank you so much in advance for your kind support, and I look forward to your kind response. Sincerely Alexander
Peter Yaw Kassidy (8 months ago)
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Alex M (8 months ago)
Sarah Davies Hi Sarah. I sent you an email. Did you receive it yet? Thx Alexander
Alex M (8 months ago)
Sarah Davies Yes dear Sarah... You could say that I been looking into mining as a way to try and make some side income. I have watched a lot of people show their Mining "Rigs" (builds) and talking about this stuff... But a lot of it is very murky for me still. For example, I realize (know) that there are lots of other crypto currencies that can be mined (besides Bitcoin). But Bitcoin appears to be the most credible and reliable one in the long term. And I had been thinking of using the Nicehash software along with setting up a digital wallet. But then Nicehash got hacked and also Bitcoin experienced a crash. So I thought it might be foolish of me to try and count on Crypto mining to make an income. And at the moment, I'm still unsure whether Nicehash has cleaned up their act and made their investors safe from Hackers. Chat more soon dear Sarah I might email you tomorrow so I can learn from your experiences 👍
Alex M (8 months ago)
Sarah Davies I will try to email you soon. Thank you so much for being so kind and awesome towards my inquiries. I greatly appreciate you.
Sarah Davies (8 months ago)
Hi Alex,There are investors on Bitcoin mining that make money everyday on various platform of mining,Are you a newbie on bitcoin mining?
Piet Piraat (8 months ago)
If you want to keep up with the bitcoin prices you might want to make an update video every 2 hours.
Haha, too true!
Michael Licamele (8 months ago)
Thank you for your continuing analysis. One question and one request. First, in your profitability charts does the annual calculation take into account the increasing difficulty level of mining? For example, the S9 shows $3,700 net profit in 12 months, but can you clarify in future videos whether that will actually be lower because of increasing difficulties (and is it possible to estimate what that increase will be? Second, as a couple people have mentioned, it would be great if you could branch out to do the same reviews for other currencies that can be mined to do the same analysis.
Michael G (8 months ago)
TechCrackHouse was a fine name. Rolled off the tongue better than Cash also.
Yeah, it'll be back. Trust me.
Yonathan Rakau (8 months ago)
Thats why we just should invest other than bitcoin i need some guide for that maybe you could made it?
Kate 20_ (8 months ago)
Basically it’s not profitable to mine bitcoin anymore because if it takes you a year and a half to break even with the difficulty going up you’ll never break even because the difficulty keeps going up meaning less profits so mining will die out then bitcoin will because if no one mines then no transactions get approved
jj (7 months ago)
whats that
Crypto Saltire (8 months ago)
Bitcoin will just do what Ethereum did.
info broker (8 months ago)
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googleboyny (8 months ago)
SCAM
IO9802 (8 months ago)
Assuming you're not going to be exchanging whatever you mined for fiat straight away why are you saying it's not profitable? What's the difference between a) mining something now, waiting for the price to go up and exchanging then and b) mining something when the price goes up and exchanging immediately?
DARC LYTE (6 months ago)
buy low sell high, am i missing something? Personally this is the best time to buy as i feel this is early days for bitcoin, The future is digital currency, the question is when will it rise in price
Jake Sanchez (8 months ago)
I am also curious if "a" would work out
BigWater59 (8 months ago)
So price drops and you start mining and save bitcoins then price spikes and you sell for a hell of a profit. Isn't that what the stock market does? Buy low sell high. People rely on them for weekly/monthly income are going to be hurt but like anything else things change fast.
yodi kurniawan (8 months ago)
http://bitclub.network/yodikurniawan
mike 조번개 cho (8 months ago)
Love your channel.!! You giving great information for many ppl. Tks.
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42thgamer (8 months ago)
You always say us, do you wrok with other people? Or are you planning to?
Harsha vardhan (8 months ago)
Please can you make a vedio about what other things can we do other than mining with antminer s9. How can we re porpos it to break even if we happen to buy it in a very bad time.
Brian (8 months ago)
There is nothing else you can do with it other than mine. Come on bro.
Harsha vardhan (8 months ago)
I am more interested in mining and less experienced in trading . Point is banks in our country banned crypto traders . In this case is thare any way we can cash our coins..?
Frank Hush (8 months ago)
I am a cryptocurrency trader and make over 200% a day, if you are interested,I can teach you trading or help you with the trading and turn $5,000 to $50,000 3 months. Please do note that cryptocurrency trading is not Bitcoin but similar to forex,Bitcoin is traded for altcoins. Also reach out to me if you are new to Bitcoin and want to understand better. Do not ignore this opportunity. Contact [email protected]
MoneyManFernando (8 months ago)
I was just trying to be funny with that last comment.
MoneyManFernando (8 months ago)
If the prices of cryptocurrencies keep going down you may have to change the name of your channel again. How about TechCrashHouse.
Killerturner 18 (7 months ago)
Hahahahahahaa
ABC (7 months ago)
hahahahhaha
Paul Moriarty (8 months ago)
If you'd like to give cloud mining a chance. Check out Hashflare. https://hashflare.io/r/DA42204A
Hendo Goodie (8 months ago)
Tech please drop that video asap about auto switching to the most profitable currency .... specifically for asic miners a few days ago you drop a similar vid but more so focused on vid cards ...but you stated you'd do more research to inform us about the software that would help the Asics .... I'm patiently waiting bro
Yuri (8 months ago)
I like the song
טום זיידמו (8 months ago)
what do you guys think about waiting for the next asic bitcoin miner, as when it comes out the s9 will become pretty much obsolete?
volvo09 (8 months ago)
Ehh, the d3 is obsolete and still expensive. I'd only get one of these if you are lucky enough to get one for a decent price.
Nicholas Cruz (8 months ago)
I have question about dividends if you can answer it, are you able to sell during pre-Market on exdate and still qualify for it?
hisgr8nessmadzak (8 months ago)
is gpu mining still profitable taking in consideration that i have free solar energy ?
hisgr8nessmadzak (8 months ago)
Mary Williams oh lord the most idiotic stupid. god is sorry that he gave you a soul. you just killed it by that comment. how do you do math bruh. you can sell that for 1.5 btc but in first place it generates multiple times that. man you suck at scaming . do smth else
ARitz Cracker (8 months ago)
Mary Williams Yeah, fucking right. You need at least 14 Petahashes per second to mine that at current difficulty. That's over 1000 antminer S9s. No GPU is that powerful, lol. If you're talking about trading, there's no way you can make 8BTC weekly from 1BTC
ARitz Cracker (8 months ago)
Not for bitcoin, try ethereum on AMD, and bitcoin gold on nvidia.
JakeFranklin (8 months ago)
I use nicehash, so probably mining bitcoin still profitable, but if your talking about bitcoin mining, with only using that algorithm, it’s probably not profitable.
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Brian (8 months ago)
I am still making money with my Avalon 741 but with difficulty up and lower transaction fees it's getting close to not being profitable bitcoin:1JUwP23U3981xHrL44qPryTgow4NpG5hMb
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Bec Kalaj (8 months ago)
How about T9+ ???
Will Johnson (8 months ago)
First Comment!!!!

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