Welcome to the Rabid Mining YouTube channel and guess what guys good news profits are starting
to pick up with our gpus i know what you're thinking what are you talking about crypto's
crashing we're in massive red you know it's a sea of red people are shutting off their rigs but
seriously guys think about it we are coming into what is potentially the most profitable time to
mine crypto i'm making more today than i was two days ago we're going to jump into the workstation
kind of explain it to you so i pay about with all the added on fees and everything about 16.7 cents
and i do have to use my crypto to pay for my power so i can't use youtube earnings obviously they're
not that great you might think they are but really they're not i do use all my crypto to pay for my
power and everything and i'm not shutting my rigs off yet because i am still fairly profitable let's
jump on into the workstation kind of go through some numbers and see exactly what i'm talking
about if you're new to crypto mining then you're also probably going to want to check this out
because i'm kind of go through how uh hash rate as well as difficulty does affect your profits
all right so here we are at what to mine i got a 30 70 plugged right into this thing and let's take
a look at some numbers and those are not looking too great actually my power supply or power price
like i said is 16.7 so i'm just gonna calculate that in with the 30 70 and i do not have to scroll
down very far to start hitting them negative numbers so there's only a few select coins
that's currently profitable now when i talk about profitable that means after you pay for your power
you are still in the green and it makes sense to shut your rigs off depending you know if you have
a lot more expensive power price than 16.7 some of you are at 30 40 cents these are all probably in
the red for you so if you shut your rig off you know you expect that future bull run to come in
you will get more coins buying the coin for the same amount of price that you would have spent
on power mining so it does make sense and it is okay to shut your rigs off i myself am not at
that point yet as i'm still fairly profitable i know 34 cents doesn't sound too great but once i
start adding up all my rigs i'm not really down too too much so with just my rigs alone i am at
about 1.2 gigahertz so we're at 1200 mega hash at about 2200 watts so 2200 i'm gonna calculate that
and we can see here i'm still making eight dollars and 32 cents that's not too bad if you look at it
at a previous bull run i guess you know that is pretty bad because in the past bull run of 30 90
was over 10 dollars per day so we're less than what a single 30 90 was mining but i'm still
making eight dollars and 32 cents after power so if i shut down now don't do anything i'm losing
out on this current eight dollars and 32 cents yes i'm spending a whole bunch to pay for my power
bill at this but i'm still getting this little bit extra to use for anything i want maybe it'll build
up for some more hardware or whatever the case may be the point is that i'm still getting this
in the green after i pay for my power so it still makes sense for me to mine now we also got a jazz
miner so this is eight dollars and 32 cents after power that's 1.2 gigahash worth of hashrate with
gpus at 2200 watts and the jazz miner is about 600 mega hash when you crank it up a bit for
about 303 watts so currently i'm at eight dollars and 32 cents after power and this jazz miner alone
is almost as profitable as all my gpus but if i put out all together right now so we're gonna go
12 plus to six six seven eight so we're about 1800 1.8 gigahash at an additional 300 watts on my 22
so that's about 2500 watts 2503 if we want to be exact calculate that and with everything online
now i'm at 15.40 so that's still decent profits in terms of profitability and i am mining more than i
was three days ago let's find out why so let's have a quick look at my current profitability
here according to flex pool per day is 0.03 per week is 0.22 now the sad thing is i remember two
summers ago it might be three summers ago now 380 mega hash which was 12 rx 580 gpus was making this
in a week two summers ago .22 which is slightly over one ethereum per month that's insane thinking
about it as now we're coming in at almost two giga hash to make the same amount as we were
300 megahertz just a couple uh you know years ago and people were getting way more than this
a couple years before that on like single rigs it's insane looking at the current difficulty and
then we go to our monthly we're at 0.95 now two days ago i was making about 0.9493 or something
ethereum i was about 920 per month we fast forward today and we recently just had that big dip happen
last night and i am making more with that dip so why is this happening that is because
people are shutting their rigs off the difficulty is coming down and we are now yielding more coins
in the process so let's look at the past week here hanging on the theorem we've been at 1.1 you know
one plus whatever peta hash constantly now today we can see a dip here we're down to 963 we're at
951 so we were underneath that one peta hash and it's been a few weeks maybe even a couple months
since the last time we were actually this low in hash rate so the hash rate is starting to come
down we're seeing the odd spikes coming back up again but regardless the hash rate's coming
off the networks and we're yielding more coins we head on over to f stats here we can see our
average block time now we do have the difficulty bomb playing in effect to this as well we're
sitting at 14.7 seconds of a block time usually we're slightly over 13 seconds and but regardless
this is affecting us a little bit but really it's not that bad yet because we're still seeing you
know about four blocks per minute once we start seeing maybe three three and a half blocks per
minute then we're gonna definitely start noticing that the difficulty bomb is getting delayed here
this will drop back down to 13 seconds within the next two to three weeks so where our profitability
depending on hash rate we'll come back even more so now we're just going to do a quick
run through to kind of explain to you how hash rate does change the difficulty and that does
change your yield so you know down here obviously yields would be a lot higher because we're sitting
at only 479 terahash worth of hash rate so as more miners come on to a network the difficulty
does start to go up a few blocks will be found faster but because ethereum hangs out at the
13 second block time all the time in a perfect world when there's no difficulty bomb going off
that the difficulty adjusts as a couple quick blocks are found maintaining that
13 second block time now when people pull off that a couple blocks will be slightly slower
but then the difficulty drops and maintains that same 13 second block time but because there's less
miners on the network that's less people trying to grab that slice of pie out of your hands meaning
you get bigger chunks of it so uh there we have it so it does look like miners are pulling off the
network and because of it our yields are getting larger and because those yields are getting larger
we are making more per day in crypto mining so this is kind of how the whole networks
and everything work let me know down below are you still mining are you considering
turning off your actual um rigs itself is the power price too high what do you pay for power
let me know in the description below guys also join the discord link is in the description
i will see you on the next one Rabid Out thank you for watching my video and if you haven't
seen one of these be sure to check them out if you already seen them maybe you missed some
might have to watch it one more time and if you just let it play in the background
that's all right as well i do try to live stream every weekend as well as every couple days during
the week so be sure to be subscribed so you don't miss that as always have a great day