[Music] what's going on everyone welcome back Rabid here and I feel like I'm almost the
Grim Reaper of GPU mining it's not that I don't like it I love GPU mining but the fact
is a lot of people don't understand what kind of effect the ethereum merge truly had and
I tried warning a lot of you and now it's gonna happen again not at the same level as
ethereum but it's gonna hurt gpus a lot more when these Kaspa ASICs go online let's find
out why so we're coming into hashrate.no here and obviously you can see Casper is nowhere
on the top of the profitability list and the most common GPU currently out there is the
RTX 3070 and if we look at that Kaspa is down here and it's losing one cent on your profit
24 hours with 11 Cent per kilowatt hour which is my power so why it wasn't matter we're
not mining in Casper anyway but what if I told you most of the gpus probably are on
Caspa and the other fact that aren't on there the other majority of the gpus are on Etc
are you mining Etc a lot of you guys are probably going to say nope but let's take a look at
some things here and make you realize what's truly about to unfold once the Casper ACICs
hit so here are some statistics from hive OS and I hope you continue to watch this whole
video guys and if you know anyone that's up in the air about gpus or wondering how things
work or whatever please share this video there's some very informational stuff happening here
so if we come in here we can see based on hive OS which not everybody uses but it's
a very popular operating system for all types of different miners so we can see based on
the gpus most gpus are on Caspa still most gpus are there next up we have 12 percent
most second best place here is ETC hash rocking for these gpus now the top two coins here
on hive OS is off obviously here that we're going through is Caspa and ethereum classic
and we can go by the coins here Caspa and Etc and again like I said mentioned earlier
GPU Brands 69 on hive OS is NVIDIA with only 31 percent being AMD and 13 of all those Nvidia
gpus are the RTX 3070 so now you may be wondering why the heck are so many gpus on Caspa and
why are there so many still on ethereum classic that's for jazz Miners and Apollos and so
on you know like all these other Asics there what is going on here and it comes down to
the fact that these are the largest coins for gpus currently yes there's fpgas like
Asics are coming for cast but but let's take a look at how much these coins are actually
paying now here's ethereum here is the one big daddy that held on to all the gpus making
profitability across the board yes you bought a GPU you most likely put it on ethereum when
it was around here is what ethereum was paying in a bear Market this is after the all-time
high this is about a day or two before the merge it was 21.9 million dollars per 24 hours
given to all the miners a massive amount and because most of the gpus were on this network
yes it was mostly gpus if you still think it was mostly Asic give your head a shake
moving on here uh now we got Casper Casper is now the largest next coin today for this
to mine this is based on the current block rewards with the reduction and everything
it is paying 388 thousand dollars right now to all the miners on it that is the largest
proof of work coin for gpus right now and it is about to disappear because the A6 are
going to destroy it and the GPU as well as the fpgas won't be worth mining on there even
with free Power you're not going to be worth putting a GPU onto cast but so what does that
mean all of these gpus here 16 of everything in Hive OS now just like what we saw ethereum
obviously big different levels here of scale but we're still dealing with the majority
of gpus here is going to have to flood a bunch of crap nothing coins no offense if your coin
is in here but I'm just saying a lot of these coins don't pay anything out to minors hardly
anything at all so now they're going to have to disperse into all these other coins and
look at the levels of them next up again you know this is why the next best coin under
Casper is ETC because it's the next best coin that is pain miners the most underneath of
it and that's 248 000 738 dollars as of right now with the base on the current price and
everything this is all up to date stuff here minus from about here down I didn't update
it because a lot of these who knows whatever type of coins but regardless now look what
we have but underneath of these two coins here and most likely a lot of you guys aren't
going to go to Etc because it's already flooded the jasmines the x16s are coming out and so
on next up you got what there's conflux you know it's paying 63 000 today there's Nexa
it's that 62 000 a day we got ravencoin at sixty two thousand dollars a CO a day where
this is actually the third place coin on hive OS you know with good reason it is up here
with these and then we got Dynex at 55 000 Ergo at 32 radiant is only 30 000 right now
we got iron fish at 29 000 we got F pow at twenty four thousand flux is down to 10 000
here it's not very much at all in comparison none of these coins can absorb any hash rate
everything's sitting at one two maybe Ten Cent profit on most of your gpus unless you
have something like a 40 90 most people aren't getting them because they're too expensive
so you can kind of see what's going on here the reason why most of the gpus are still
on Caspa is because it's paying the most it can absorb the most amount a hash rate so
there's a lot of gpus that are going to have to flood on out now not only that we have
had fpga public bit streams I'm saying public because privately you know radiant a lot of
these coins have fpgas for a year or so now a long time whether it's devs or you know
people stuff like that private bit streams have been mainstream for a while but now they're
going public and what that means is everybody with an fpga can now get their hands on these
bit streams and mine these other coins we just seen Iron fish which is a fairly large
and right now the price dipped a lot but it's still higher than a lot of the coins down
here and it was upwards and over 100k when it was only sitting at like four dollars or
something so this is one that could absorb some hash if it's seen some price gain but
Iron Fist recently got released for fpgas radiant here it's releasing now as well uh
what other ones were here you know just the other day we seen I can't even remember what
the [ __ ] there's a bunch of bits dreams emerging anyway regardless for these so not
only are GPU is going to be fighting for a lot of these coins you've got a lot more efficient
fpgas that's coming on to radiant and some of these coins so we got to keep that in the
back of our mind as well uh these coins cannot support a lot of these so now we got to divvy
it up here you know there's a lot of gpus on Casper right now so where is 388 thousand
dollars worth to go to distribute between all these when there's already next to no
profits happening for most of the residential miners out there so these are things you got
to keep in mind and this is what we're feeling a lot of you think oh we're in a bad bear
Market that's why profits are down yes that is very true but this bear market for gpus
anyway is a lot different because ethereum is no longer here and ethereum in the Bull
Run brought in way more hash rate than we ever would have seen if ethereum wasn't around
or if ethereum didn't explode like it did so we're seeing uncertainties here and things
that never happened previously in this bear Market and it's just causing a massive flood
of no profitability for gpus right now and it's about to get worse because it was cast
by A6 are about to cause another flood of Hardware across a lot of the smaller coins
all right guys so this was some information I thought some of you guys would find interesting
and if you know anyone else that might benefit from this please be sure to share this video
around this is knowledge that you guys should probably be aware about and understand just
kind of how Network difficulties and Hardware does affect different chains we've seen it
happen with ethereum but you know we don't know what's going to happen in the future
we definitely need something to pump a lot or everything to pump a lot but things are
not looking good right now it almost seems like the only way for gpus to really come
back is for a lot of the gpus to seriously just quit that's pretty much all that can
really help it for the next Bull Run coming up but again we don't know we could see something
really explode and we really need that anyway let me know your thoughts and comments down
in the comments section below I will see you on the next one Rabid Out [Music]
[Music] foreign