[Music] what's going on everyone Rabid here with the Rabid Mining YouTube channel and today we're
kind of doing a historical purposes video looking at the current state and profitability of GPU
Mining and comparing it back to like 2019 the last crypto winter now next year would actually be the
four-year cycle of 2019 but I do have some video clips from red panda mine here back in October of
2019 and I also went back and I did some hash rate comparisons along with price on ravencoin
and ethereum at the time just to see what profitability was back then and kind of compare
it to right now to see if things are a little bit different if we're around the same situation or
what's going on so let's kind of take a look at this okay so here we are I got my spreadsheet
all set up and at about March 8th of 2019 we had ethereum at a price of about 134. now we're still
hanging out at the same two block reward here uh obviously ravencoin this is before the having so
we're getting about 7.1 million coins per 24 hours but ravencoin is actually sitting at little over
three cents it was higher back in 2019 than it is today that's pretty crazy to think about Raven
coin I don't know there's something going on there it just it hasn't been doing too too great lately
regardless it doesn't matter so we also had 7.1 terahash on ravencoin and there was about 13 Tera
hash here hanging out 13.8 terahash hanging out on ethereum so back then for gpus you know we had the
Polaris cards the 580s that's the numbers I went with here we do about you know 30 to 33 Mega hash
on ethereum and about 15 Mega hash on ravencoin and the coins per day that we got and this is
what we were making and before power on ethereum in 2019 crypto winter you're making about 41
cents with 32 Mega hash uh 31 cents is worth the power at 11 Cent power you're making about a 10
cent profit in the winter back then with ethereum around you're making about 16 Cent profit mining
Raven coins so ravencoin is more profitable on a Polaris GPU after power than even ethereum was at
that time and back then uh ethereum was paying out 1.8 million dollars already where ravencoin was
paying out 240 000 if we actually look at today obviously ethereum is paying a lot more but we're
not able to mine it anymore uh ethereum classic is about 317 thousand dollars which is slightly above
ravencoin but way below what ethereum was paying at the time there and ravencoin here was paid uh
currently right now it's paying about 77 000 so you can see the big difference with that having
and the price event where back then it was paying out a lot more to minors than what it's paying now
but it was profitable we had some profitable coins here I'll go through here there are actually some
profitable coins right now you know what screw it let's just look at it right now so radiant for an
example we did look at that a little while ago it's profitable even on a 4080 right now
so current hash rate and prices and everything again at the time watching this video it may be
different than the time of recording this but at you know 0.0013 cents wait no 24 500 based on the
hash rate that's on the network a 4080 is doing about 1.3 gigahash here you get about 538 coins
per day that is making you 69 cents before power guys uh 30 cents is Break Even it doesn't use that
much power even on a 4080 so you're making about 39 cents currently on radiant right now or time
of recording again it may change depending and when you see this video keep that in mind people
are probably going to move to it now and hash rate will pick up dropping that profitability so keep
that in mind I also believe Optical Bitcoin is profitable not as much you might be making about
16 to 18 cents after power right now but it is profitable as well to mine so there are more coins
out there I still got to dig a little bit deeper but there are two coins that are very profitable
radiant and of course Optical BTC and we have cast but cast was profitable as well but it's
only making three to five cents or so all right so I mentioned earlier I found an older video on red
from red panda here October of 2019 and it's kind of funny listen what he says here Panda don't get
mad at me you know we all love you but let's check this out it's hilarious it's awesome here we go
mine is not always right with their numbers that's why I put 180 Mega hash here at 720 Watts roughly
um 11 cents so about 34 to 37 cents I after electrical cost and let's see if you do if we
do 12 cents we're going to be going pretty much you're we're going pretty much on par if you have
12 cents or I would say if you have 11 cents or higher it it doesn't make sense to mine for you
there you go if you have 11 or 12 cents guys it doesn't make sense for to mine for you in 2019
but we are way more profitable than we are right now so let's jump into what to Mine and seriously
look at this so I got six 30 70s in here in this video from 2019 I'm not exactly sure what he was
using I think there are 1086 of them or something I'm not sure but here I put in the numbers for 6
30 70s and Casper is making 13 cents after power and a dollar 37 B4 power and we again we have
way more efficient gpus now than we did in 2019 here you can see over two dollars before power
obviously the cheaper your power price the more money you're gonna make and we're only getting
a dollar 37 out of Casper right now this is 6 30 70s and 13 cents after power now scrolling on down
here we're negative 75 cents negative 80 cents negative 82 87 negative 93 negative in the dollars
uh here so that's pretty crazy just to look at so things are pretty close to the same when it comes
to Casper and profitability six gpus but to the rest of the coins they're just way down there and
the reason is once the ethereum bang happened in 2021 so much Hardware did come onto the networks
and you know none of these coins can support it nothing at all but there is hope there is hope out
there because we didn't expect ethereum to do what it did so what we'll do what ethereum did that's
what we really hope for a lot of people are really really believing in Casper now Casper doesn't have
too long left on gpus I believe three years or something then you know it's going to be heavy
Asic laser A6 or whatever those things are but gpus are not going to be on it much longer they're
going to get overrun by better mining equipment so we just got to keep that in mind that's probably
going to happen probably sometime around out 2026 which is right after the next Bull Run but I can't
guarantee anything but as you know it's just based on what the whole timeline everything's looking
like but you know we're about 51 complete mining it when it comes to the GPU aspect but we'll see
what happens in the future but we do have other projects obviously we have Ergo here we have flux
you know there is a lot of hope that flux may be the next ethereum you know they're building this
whole ecosystem proof of useful work doing a lot of things that is different than everyone else
you know everyone's focusing on asset creation everyone is focusing on D5 um nfts and so on but
flux they're trying to build an entire ecosystem around web 3 node hosting uh running things you
know competing with AWS is going to be absolutely insane with the things they're really wanting to
do so I think flux does have big potential to move us into the next go-to coin now I'm not
saying nothing else does sure ergo has potential and stuff and obviously Casper has stuff but like
I said it depends on how that works with GPU side there and you know there's other various cryptos
out here as well but for now I'm really kind of eyeballing flux when it comes to the GPU side but
we'll just have to wait and see what happens now that brings me to another thing which we
kind of talked about in some live streams and are you actually still mining at a loss are
you doing it right now curious let me know in the comments so I was looking at this based on other
people's comments in the past as well is you know maintenance costs maintenance fee what if you blow
a fan on a GPU what if you know something goes down I'm sure we all have extra risers if you're
running open airframe and so on extra parts but if you have to get a new fan which is like what
20 to 30 dollars depending on the GPU that's like a 300 day Roi of a freaking fan think about it you
got mining Casper on a per GPU it's like three to five cents that's a 300 day Roi of a fan now we're
looking at some Asic miners or people like I'm not getting that that's like a year and a half
Roi that's a one year Roi one year plus you know I'm not in guys the day of three to six month rois
they're over never happening again well never say never we may start seeing that again and maybe two
bull runs from now but definitely I don't think that's gonna happen in the next Bull Run but
we're looking at a 300 day Roi for a freaking GPU fan right now so what's a GPU RI never if
you're in the negatives obviously so it comes down to power price so it you know it depends
on everyone's perspective you're mining for heat if you're mining for you know you love the coin
that's the best way to go about it obviously coins need their security you gotta validate the
transactions so that's a perfectly good excuse to mine right now at a loss is if you really want to
support a project for sure go for it 100 there is nothing wrong with that but for people looking for
profits are you still Mining and if so why you're better off buying this coin for the same amount
as you would in power and you'll end up with a lot more coins and a lot more profit in 2025. so
that pretty much does wrap up this video though I just want to do a quick comparison between you
know previous bear markets to today's bear market and then compare and look at some gpus remember
radiant XR rxd or whatever it is profitable right now so is Optical BTC and Caspa which is on what
to mine I believe it's one of the only one it is the only one that's currently profitable and what
to mind that I'm aware of now I believe there's one more other one in the coins I can't remember
what it is but I do believe rating is probably one of the most profitable two days still so uh
you guys mine and rated you guys mine in Casper what are you Mining and if you're not mining are
you just shut down and waiting for the difficulty to adjust or do you plan on selling or what are
your Ambitions in crypto or are you transitioning to maybe Asic mining you know that is a popular
choice at this time as well is moving and you know evolving your farm into Asics or something
out so thank you for watching this video guys I will see you on the next one Rabid Out
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