The End of Bitcoin Mining – Crypto Mining is DEAD

I am officially done with Bitcoin mining
cryptocurrency mining all of that
welcome back to the channel guys I’m
Bruce Wayne and that was my dramatic
intro to ending my cryptocurrency mining
career I’ve had so many ups and downs
with this crypto mining business that
it’s just not worth the hassle anymore
and I’m just giving it up on top of that
the weather has changed a lot in the
last two weeks two weeks ago it was
freezing almost every single freaking
day in my office and now I don’t even
need to turn on the heat I can just open
a window the weather is fine now is
bearable this building isn’t well
insulated but it doesn’t even matter
anymore I’m happy to shut off all my
miners and I’m gonna get ready to sell
them on eBay if you want to buy them
just to go on eBay and you can buy them
there luckily I kept the boxes for
everything I’m one of those guys that
hoards all this crap so I’m gonna be
selling I think I’ll be selling two of
these I still got the box if you keep
the boxes when you resell them you get a
better price I’m gonna be selling two of
them and I think that I’m gonna keep the
PC so I can do some live streaming I
have some live streaming ideas that I
want to test out so that’s that now I
want to go over the main reasons why
crypto just sucks just really freaking
sucks first it’s not profitable I just
plain and simple it’s just not
profitable there’s actually there’s no
more reasons to mine unless you have
free electricity I keep I keep going
over that I think like that’s my mantra
right now just free electricity you can
mind anything else don’t do it it’s not
even worth it for the heat that’s the
main number one reason why that’s just
getting into the meat of it number two
nice hash sux ballz
I made a lot of videos on nice hash and
it is still the number one mining places
to go to start mining and whatnot but
nice house nice hash
sucks major balls I’m serious they’re
programming no it is easy to use but for
whatever reason it keeps crashing on me
I have to reset my computer like a
hundred times in the last in the last
two years I probably had to reset my
computer a thousand times and that just
gets so annoying I want to show you the
grep let me show you the graph of my
mining output all right just hang on
real quick alright so this is just gonna
be a quick screenshot of the graph for
my nice hash miners and you can see that
there’s a lot of dips where the the
miner would just crash and just stop
working normally I’m able to catch it
because I get sent notifications but
recently they’ve just been crashing so
much that I just I just couldn’t handle
anymore you know it’s not even worth
like the few extra dollars that I get
every like I think it was like 40 bucks
a month 30 bucks a month that I could be
making from this and that’s the second
reason why I’m stopped I’m gonna stop
mining the third reason why I’m stopping
crypto mining is because I can sell all
of my computer parts and make some type
of return from it when it comes to just
my GPUs I made a full 100 percent return
on investments with that and if I sell
it I’ll be making a lot more but with
this crap right here this crap this is
like I can’t I’m not gonna make any
types of returns on this unless crypto
goes back to unless Bitcoin goes back to
$20,000 these I’m just gonna throw into
the garbage I’m 95% sure that the entire
world won’t even be able to make a
profit with an s and minor s9 right now
is just this thing just sucks up so much
electricity it’s not even funny
like if you were to run this even if you
had like 6 cents per kilowatt-hour
you’ll still go broke that is just so
frustrating guys it’s just so
frustrating and the fourth reason why
I’m done crypto mining is because it’s
just time to move on I’m leaving all the
stress of crypto and the crypto
community has put upon me and put up and
I put upon myself so I’m just gonna
leave all that behind
2019 you know this is a brand new year
and I don’t want to be in that type of
space anymore it’s just too emotionally
physically draining so this is it guys
this is the end of the crypto mining
journey it’s over I’m done I’m out the
game this these are just gonna be
antiques sitting behind me already build
a shelf and just keep them there it
looks pretty dope in the background but
I want to thank all you guys for
following me along on this journey you
know it’s been a crazy two years
straight crypto mining for like I was
probably mining for at least half of the
half of the two years all the Wynn
crypts that went all the way up and then
when it started to climb down that’s
when I started to stop and I gave it one
more chance but it’s just it just wasn’t
worth it at the end I get a lot of
questions from you guys if you guys
should still be mining cloud mining or
Hardware mining just don’t do it there’s
a lot of other things out there that you
can be doing that’s worth more worth
more of your time but yeah it is the end
is the finale this is the final final
season if you’ve made it all the way
with me give me a thumbs up give me a
like man I stuck through it I grinded it
out as hard as I could and if you’re
brand new to the channel you’re brand
new to the channel and you still want to
see all this crypto mining stuff I think
you guys have to unsubscribe but if you
want to see a lot more fun stuff on this
channel I’m still talking about
investing I I’m still gonna be doing
videos about investing I’ll most likely
will still be doing a lot of risky
investments out there just because it’s
fun to throw money up in the air
sometimes and make it rain thank you
guys don’t forget to subscribe if you
want to see more content like that don’t
forget to leave a comment and
congratulate me on retiring from crypto
mining and I’ll check you guys in the
next one I’m gonna go drink away all
this pain right now bye

73 thoughts on “The End of Bitcoin Mining – Crypto Mining is DEAD

  1. Firstly, resistance is quite strong and there has been rejection already like 3x but some positive signs still show anyways in my personal opinion, bitcoin if its able to break above $4,300 may quickly see us into the $6,000 range again. Nevertheless, crypto has shocked us in the past especially the last year with predictions of price that went completely wrong. I hope to see more proponents for trading which obviously has been a more secure consistent and profitable means of earning off crypto. It has also been proven over and over again that winning in Crypto currency (Bitcoin Trading) is a combination of experience and good strategy and you can always join the winning team of a more experienced trader with already working and proven strategy. One of the best remains Mark Garcia and with him, i have been successful in my trades at least 98% of the times and have realized over $60,000 in profit, December 2018 alone so i advice you forget predictions and start making good profit now because future valuations are all speculations and guesses. I am spreading this for those who are having issues in turning in a consistent profit in the crypto market. You can contact him on Skype/Gmail*(([email protected] com))*

  2. I live my life by that motto haha 'I will still do risky investments,its fun to throw money in the air sometimes' legend!

  3. During the California Gold Rush, the guys that made all of the money were the ones that sold the shovels and startup supplies.
    History is the best teacher.

  4. For the people that still want to be in the crypto space! Just buying bitcoin is the better option. IMO
    Coinbase: (BUY $100 get $10Free!)

  5. You can make a little profit with Beam and Grin. Unless you're using AMD cards.
    I have two rigs:
    1 rig with 8 GTX 1070's
    1 rig with 4 AMD RX 570 (8gb)

    Rig 1 (1070's) bring in $6.83/day before electric which is approx .17kwh (so I profit over $3.70/day)
    Rig 2 (570's) aren't profitable. I bring in $1.45/day before electric so I lose $0.62/day) but I'm still mining because Grin has gone up over 7% in the last 24 hours alone.

    Rig 1 (1070's) bring in $4.51/day and $1.21 after electric
    Rig 2 (570) bring in $1.31/day and -$1.08 after electric but still mining because Beam has gone up 5% in the last 24 hours.

    I've been bouncing back and forth for about five weeks (since Jan 7th) and earned 25.7 Grin (@$5.57 ) = $143 and 102 Beam (@$1.40) which is $142.
    So… in conclusion by mining Beam/Grin I've earned about $285. My two rigs eat up ~1,900 watts. That's 45.6kWh/day or 1,368kWh/mo. At 0.17/kWh = ~$232 for electric costs.
    So after electric (at 0.17) I'm STILL profiting $53 a month. It's not much but it would be better if these AMD cards were as good as NVidia. It's worth looking into anyway.

  6. Agreed. Mining over a year. Electric at .065 kWh still profitable but barely. Nicehash is BAD use Awesomeminer and Nanopool I show how on many videos. Hiveos if your machines are dedicated miners. Windows sucks.

  7. If you truly believe in the future of crypto, mining even at a slight loss might really pay off when Bitcoin (or any other alts that you mine) prices even just double. So imagine the returns when we see all time highs again!!

  8. Hello Friend! I really want to leave Russia. help me please, at least 1 dollar or a few cents. Here is my payeer wallet P1010067403. thank

  9. You seriously seem like one of the nicest guys on youtube. I look forward to watching your videos and I'm rooting hard for you, Really wanna see you succeed.

  10. God bless Hutchinson mark he is a very legit bitcoin miner and forex trade expert he made me who i am today who wants to link up with him

  11. Bitcoin/cryptpcurrency is a big scam. Shame to see how many people were suckered into that.
    Stick with real money, not virtual-money.

  12. Hardware mining has been so profitable this year. 4.74658 Bitcoin so far this month and still getting more hash power

  13. Mining for monthly profit is stupid. If you think of mining as anything more than a retirement plan then you will be like this guy.

  14. oh feel so sorry about you losing a bunch out of that very frustrating crypo mining business! but good thing you ended the stress this year 2019 and good luck to your next ventures in life!..

  15. I only ever mine during the fall and the winter… when it gets cold, I use my miner to heat my house… it actually works and I save money because it cost less to heat my house compared to a electric furnace, I just see it as getting "free money" because my primary purpose now is heat… in the spring and summer time I turn them off.

  16. Of course ASICS are not profitable why would they sell you it for 2-6k otherwise.
    why don’t the Chinese mine with their ASICS themselves instead of selling it?
    Because once they make a new one they get rid of their old sht (that will probably break after 6 months)by selling it to people. Bitcoin uses the same algorithm therefore you will always find someone trying to get more hashing power by making new ASICS.

    And btw at the start of bitcoin it was not profitable eather… you were making couples of cents per day but if you believed in the value of the coin. Those couple of cents would have turned to gold long term. You are actually more profitable when it is not profitable to mine.

    When you buy an asic and think you are going to be profitable, do you think about the upcoming new ASICS that will lower your mining reward by entering the network ?? Or the mining reward halving ??

    With your GPU’s i’d mine Vertcoin instead of renting your hashingpower to nicehash.

  17. please give me brother in the name of Jesus. i cant afford that machine but here my electricity bill is free that i can mine here and help the poor

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