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Would you like to earn $200 a day mining etherium with the recent price spike I think mining etherium with your own mining rig at home might be an extremely lucrative opportunity to start earning good money just by buying some graphics cards and setting them up
to do
etherium mining it's now more
profitable than ever to - cerium and
I'll show you the basics of how to get
started and do the research on this I
think also this might be a fun thing to
try and do because you can get started
at a fairly low price to learn the
basics and then you can easily scale up
over time would you leave a like on this
video if you'd like me to keep making
more tutorials and videos liked it would
you please leave a dislike if you think
this is just terrible and I'm a stump I
mean you can't even believe I made this
and you hate cryptocurrencies if you'd
like to see more videos like this would
you please subscribe to continue seeing
these on youtube here we go what I'll
show you here is a basic formula where
to get started you might think oh I
can't do this it's too complicated
I'll break it down for you so it's
relatively simple up until recently it
hasn't been that worthwhile of - cerium
because the price was so low compared to
the amount of computing power you needed
to buy to get it with the recent price
spike with aetherium going up to a three
hundred and forty-one dollars today
mining aetherium now becomes really
lucrative the good news is you don't
need to buy into any mining pool to get
started you can just make your own
aetherium mining machine so what I've
got over here I've pulled up the
etherium official website it said
aetherium dot org slash ether it has a
section where it says how do I mind
ether long story short you need a
Windows or Linux machine with graphics
cards to mine aetherium what you need on
that machine you need to be able to
download the programs it lists here
which it has instructions to install
guests to
run all of these video cards together to
mine and it might sound overwhelming at
first like oh my god I looked at this
and I'm thinking about giving this a try
because this would be fairly easy to
test out you might think you have to
spend thousands you don't have to spend
thousands you could buy a relatively low
cost computer I would recommend a
dedicated computer for this a relatively
low cost windows are a bunch of Linux
machine get that set up put the basic
programs on that you need and then all
you need to do after that is start
buying some graphics cards and test this
out just to make sure your setups
working then you can scale it up for
profitability now you might think how
profitable is this I'll show you I'm on
crypto compares a mining calculator
right here now this doesn't look that
lucrative to get started
yeah I'm showing you data at the current
kilowatt hour of cost and estimated
power consumption with twenty MH hashing
power and you're like all that you said
200 a day this says $129 a month yes
this is with one graphics card one
graphics card now you're going to need
several graphics cards to make a good
profit if you get ten graphics cards now
that goes up to a thousand thirty-six a
month if you get a hundred graphics
cards that goes up to $13,000 a month so
I'm setting this up at about 50 graphics
cards which is over $200 a day in profit
that gives as you can see $229 a day
profit and then even takes out that
accounts for about what you'll mine
every day - the power cost now for me
the power cost should be relatively low
based on the rates I've gotten Florida
the next thing you might think okay
Jerry the key part I need to know is
where do I buy the graphics cards how do
I know which graphics cards to buy what
I think is one of the best ways to start
out is to test some different graphics
cards out and to find an ideal
combination of a cheap grass
Fix card that will put out good power to
decent power usage i said power twice
that will do a good hashing rate for a
decent power usage now what i'm
suggesting might sound the opposite of
what a lot of other suggests what is
standard in the computing world is to go
for high-end to go for graphics cards or
this generally goes for almost anything
to go for computers that are the highest
end by the fastest and a lot of mining
that seems to be established now is
based on let's try and buy the very best
equipment to get the very best power at
the very lowest energy cost the problem
is competition everyone uses that most
people use that same basic strategy
let's buy the best equipment we don't
want anything to fail or go wrong and
we're going to load up on that what
happens then is scarcity so you get a
lot of competition to buy the best
equipment at that then the highest price
meanwhile there's all this lower quality
equipment just sitting around nearly for
free one Aman is mining h-w
comparison.com /list now these are
user-submitted values if you know a
better source for this please comment
help other people do research this is
just user submitted hashing power on
here and a lot of it is for aetherium
and though the example i used on the
mining profits is a thousand mhm so that
means that's about 50 cards a hundred
cards with ten mhm or 50 cards with
twenty mhm now you could buy cards that
have incredible hashing power that are
able to do just a ton but the problem is
a lot of these cards are more expensive
as well so one of the first of these I
researched if I go back far enough one
of the first of these I researched was
the Radeon r9 which is recommended by
people so you can do things like google
the hashing power hash rate and you can
see the hash rate on it so this has an
exact
it'll show this on the crypto compare so
this says it has the hashing rate on
here it has 46 on the hashing rate but
the problem is on the hashing rate on
this is the cost what you want to find
is the ideal match between the cost and
the hashing rate so if you grab this I
use one of these on eBay it will set you
back 600 to 800 dollars 446 mhm hashing
power now that's good if I just put that
in solo over here you're looking at ten
dollars in profit a day but the problem
is you're talking 60 days then to get
back your initial investment meanwhile
the current the hashing rate is
continuing to go up all the time so what
you want to do is find an ideal
combination of a lower cost graphic card
that does that's functional add to a
hashing rate oh well sure you didn't put
that very okay well you wanted I think
the ideal thing to do is grab some
cheaper graphics cards that have a
decent hash rate the graphics cards that
people aren't even thinking about mining
with that people have a bunch of they're
just trying to give away now some of the
energy costs might be higher but if you
test out if you just buy a few of these
graphics cards test out the difference
then what you can do is find the ideal
graphics card now if you find one then
you have the ability to go buy it if I
pitch a specific one then if people
watch this video that one all gets
bought it caused the problem so if you
can yourself research the graphics cards
test them out maybe just buy one or two
of that graphics card see the hashing
power you get out of it see how you
could set something up to track the
power it uses track how much power it
uses if you can and then you can find at
the graphics card that gives you the
ideal ratio of the hashing power and
power usage to the cost and what it
starts with is just doing some research
you can look around at these
and find exactly which one of these is
best so for example you could search for
then Radeon you can put this in over
here and see if they have the exact card
on there and it looks like they've got
this on here so this one this one does
18 mega hash so then what you can do on
here you can see how long the payback
period is the payback period is about 53
days on this which is really handy that
they show these numbers here so you've
got it's got everything broken down on
crypto compare here it's got the cost
it's got the payback period so you can
you could browse through over here and
find exactly which of these cards will
give you the fastest payback period at
the ideal cost now this has a Buy Now
link on the GPU I don't see how much it
costs right oh here we go 189 dollars so
I would guess that the way to go is to
grab some of these cheaper graphics
cards that are refurbished and just put
them together so if you look at this one
for example go over here and copy and
paste this one on eBay then you can see
how much this is on eBay you can see on
eBay this one is there's different
prices so some of these are cheaper some
of these are more expensive some people
have put listings in this one is for Mac
Pro you could try and grab some of these
even cheaper on eBay or you could do
something like try and buy it directly
from crypto compare which has a link to
GPU shack over here now the problem is
though these graphics cards are so hot
right now the opportunity is so
lucrative that graphics cards are
starting to get scarce as you can see
this one is sold out here so you can go
up you can just look and find an exact
one like this so if you can find a good
combination of graphics cards to put
together now it might be ideal to find
one graphics card you like and just buy
that one so once you've found that you
go and I'm
this sounds like is this an exciting
thing to do I might get started with
this because it's relatively cheap a few
hundred dollars you can get started and
test out your mining set up and then
start scaling overtime if you look at it
and try and put in all the numbers up
front and might sound intimidating like
this one if you go put in the hashing
rate of this one's 18 so if you go over
and put that in it might make 115
dollars a month of the current price
which might not sound that exciting
given the graphics cards over $100 but
if you can just test your setup at a
cheaper rate just play around that make
sure it works then when it's working
that'll give the confidence to continue
okay well this graphics card works I'm
going to buy another one and as you
start getting your initial profits back
you can keep buying more and more like
okay so these two graphics cards are
working I'm going to buy two more these
four graphics cards are working I'm
going to buy four more and then you can
slowly scale up over time you can use
the money you make to keep buying more
and just set this up as a machine at
home so this looks like to me if you
want to do this this should be something
that's fun to learn either Windows or
Linux to do mining and just something
fun like hey I - areum everyday now if
the etherium price plummets this could
become a lot less lucrative as up until
now it's not been very lucrative most of
the time because as you can see the
equipment is so expensive the equipment
so expensive that it would not get you a
return very fast but now with the recent
price spike it's really lucrative to
just buy into this so if you really and
the advantage is once you set this up
and keep it running even if the price
temporarily drops you could just hold on
near aetherium and wait till the price
goes up again and then sell it so even
if the price takes a plummet for a while
you can just hold all your theorem and
then as soon as it goes up again you can
sell so this looks like an outstanding
opportunity
to me today to just get this together
and if you want to make $200 a day you
need a thousand right now at the current
price you just need about a thousand mhm
hashing power so if you look if you grab
this particular graphics card you would
need about fifty of them so if I whip
out my calculator here grab the
calculator so how many of these do you
need eighty I'll divide a thousand by
eighteen that's you need fifty five of
these graphics cards if you could get
them for an average of one hundred and
fifty dollars each that's eight thousand
dollars now you might think I don't have
eight thousand dollars laying around
that means you'd invest eight thousand
dollars but look how much money you get
back out of it and that's what the price
currently if the price goes up farther
it's even more profitable so would you
be willing to spend eight thousand
dollars in graphics cards to make then
six thousand eight hundred dollars in
profit a month I know that looks pretty
good to me especially if I believe
etherium is going to take it to the next
level in terms of being the number one
cryptocurrency investing in a mining rig
with aetherium is very lucrative the
nice thing is once you've got this
mining rig built you should be able to
change it over to different currency so
let's say aetherium dies and just fall
apart and something stupid happens with
it you should be able to just move this
mining rig over to a different currency
you should be able to just download some
different programs and switch it over
and certain currencies at certain times
might be even more lucrative and than
this and you don't need eight thousand
dollars to start out either I think the
very best way to do it is to start small
buy a cheap PC that is good enough to do
mining so I wouldn't buy like the
absolute lowest end or you could even
get something used as well but it could
be lucrative to buy something new that
no one's used before theoretically for
data privacy and security unless you
have the machine wiped thoroughly before
you use it so you can get a new Linux
a machine that might not cost that much
and then just grab a couple of graphics
cards so you can if you are thinking
about mining and like to get to work
mining there's no reason you probably
couldn't buy two of these graphics cards
now I don't know if this one's the best
I'm just looking around on this list I
just have taken a little bit of time to
starts researching this so if you start
looking around and just check some of
these different cards out here
and find whatever one's the best then
just buy a couple of them you don't need
to buy a bunch of them just by a few to
make sure your setup actually works and
then you could just keep scaling it up a
little bit at a time you could literally
use the profit so if you start out with
this eighteen one and you're getting
like three dollars a day and let's say
you buy two of them so you got 36 you're
getting like $8 a day then that's a
couple hundred a month that's good
positive reinforcement that you should
be able to then go grab some more now
depending on how the payouts are done if
you mine it like this it might actually
be a while before you get anything
actually given to you the way the
rewards are done it helps to have a more
powerful system now it'd be a lot better
to have a system like this where you
have a good shot at getting in aetherium
every day because theoretically with
less hashing power you might miss out on
getting paid completely because the
computers are more hashing power would
have a better shot theoretically to grab
some of the actual rewards and finish
the block up so if you can if you the
better you can scale up the more you can
make a lot of money with what I just
showed you if you're able to get that
graphics card and that to say a hundred
and fifty dollars for it used and then
grab about a hundred and twenty of them
that cost $18,000 but which you could
put on a credit card or get a loan for
even if you really were ambitious but
you're looking at making like $13,000 a
month
profit then that's really lucrative so I
think there's a huge opportunity to
start small just go shop around on eBay
finds a good combination I'll put all
the links you can use the research in
here I'll put all the links that you can
just look at this and decide for
yourself shop around find the best
combination of the graphics card hash
rate the amount of power it uses and
then your payback period on it see if
you can find the best rate of that you
can then start building your own mining
rig for just a few hundred dollars to
make sure it works and then once it
works you've got confidence to keep
building it up there I'm excited about
this I'm thinking about doing this
because this will give me a lot of great
things I can teach then I can teach
setting up the whole mining rig from
scratch so I'm considering doing this as
one of my next investments to just put a
few hundred into giving this a test to
make sure I can set it up and then
seeing how easy or difficult it is to
scale up this way if the etherium price
plummets and you don't want to buy in a
whole bunch you could wait to buy some
new graphics cards or just slowly scale
up and then if the price blows up like
it is now again you core right now it
seems like it's worth it to load up get
this all set up and running thank you
very much for watching this this has
been a quick introduction to exactly how
you can earn $200 a day mining aetherium
and how you could build a mining rig
that would allow you to transfer and
mine other currencies as well thank you
very much for watching this I love you
you're awesome I hope this is helpful
for you and I'll hope to see you again
soon
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