In this video, I attempt to describe how crypto mining difficulty works and how it affects profitability. I also crunch some numbers to show alternative methods for determining profits based on individual hashrate and pool combined hashrate.
Helpful Difficulty & Luck Articles:
http://www.itpro.co.uk/digital-currency/30249/what-is-cryptocurrency-mining
https://2miners.com/blog/mining-mining-luck/
http://satoshisafari.com/bitcoin-mining-difficulty-explained/
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A special thanks to my Patreons:
Robert Savilonis (since Feb. 2018)
Jon Biggs (since Feb. 2018)
Milko Medero (since Mar. 2018)
Support me on Patreon:
https://goo.gl/wmY9D2
Other Cryptocurrency Opportunities:
Mine for crypto using your own equipment!
Join MiningPoolHub:
https://goo.gl/PbTw6J
Download Awesome Miner:
https://goo.gl/4u1WVc
Watch my tutorial on how to set it up:
https://goo.gl/4Zgb4d
Other helpful websites:
Join CoinBase to purchase Bitcoin & get $10 in free BTC:
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Keep track of your portfolio and receive 10% off CoinTracker.info:
https://goo.gl/xHWVei
Join the Discord Discussion:
https://goo.gl/v2wRbF
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Tips/Donations Graciously Accepted:
ETN: etnk1VBUHGA4RHxUPmc3Q43UaaoRvfero6USYBiZejkDSsvx42nBmtZAoKnux3WN7pd38qHsxVse6XQLRa4YfnmdA75CY1SB72
BTC: 1JhgmwdQ4SLjPVbvKKHg2NyRrQUmFkZMwz
BTCP: b1NDj9GifnJwAD4DfSHZmjLvakTYmBcGC1h
LTC: LdtBYEPS3xzV1iMNaeeQ6maTGX3KcxrTaR
ETH: 0x1B06d92E01b33E20461a7eD379641877bb53AB20
LUX: LV4eCbd8f4j1y6VxHd9VPMs82mu6Zam8XG
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Music from audioblocks.com: http://audioblocks.refr.cc/ZFW24KF
Please like this video if you find it helpful; leave comments below to tell me what you think. Thanks! Happy investing and God bless.
Disclaimer: I am not a financial adviser. Please do all of your own research. I am not responsible for any damage done to your computer. I am not responsible for decisions you make regarding how you spend your own time or money. I am simply a hobby miner who likes to share knowledge.
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