Cryptocurrency Mining For Dummies – FULL Explanation

In this video, I explain to you what Cryptocurrency Mining is in plain English and I also go over the main impacts on your profits, different types of rigs, and as well as EIP-1559 and ETH 2.0.

⌚ Timestamps:
00:00 – Intro
00:33 – Cryptocurrency Explained
02:10 – Mining Explained
02:23 – Proof Of Stake vs Proof Of Work
02:23 – Proof Of Work In-Depth
04:02 – Different Types Of Mining Rigs
06:04 – Different Types Of Mining Services
09:03 – What Impacts Your Mining Profits
14:50 – Giveaway Winners – CONGRATS!
16:17 – EIP-1559 & ETH 2.0
19:01 – Wrap-up & Outro

Congrats to the giveaway winners!!

⭐GPU Mining Rig Buying Guide: https://youtu.be/hNqs3Fn8TNo
⭐Ways To Sell Crypto: https://youtu.be/EDyXRf_Ug_U
⭐Ways To Buy Crypto: https://youtu.be/G6y2g_DSpaw
⭐Where To Store Your Crypto: https://youtu.be/Ltr_Llcg6GY

🔗 Links & Resources:
• BitsBeTrippin Video: https://youtu.be/rfU-Mm3L2Yc
• Vote here for the EIP-1559: https://twitter.com/etherchain_org/status/1350005105811197952
• ASICs Profitability List: https://www.asicminervalue.com/
• Proof Of Stake Info: https://www.investopedia.com/terms/p/proof-stake-pos.asp
• Coins Market Cap: https://coinmarketcap.com/
• Mining Pool Stats: https://miningpoolstats.stream/
• Hashrate Explanation: https://coinsutra.com/hash-rate-or-hash-power/
• DAG Size Calculator: https://minerstat.com/dag-size-calculator
• Ethereum Block Rewards: https://etherscan.io/blocks?p=1

🏬 Places to buy Hardware from: https://miningchamber.com/stores
💻 Mining Software, Wallets, and Exchanges: https://miningchamber.com/platforms
📹 Check Out Our Playlists: https://www.youtube.com/c/MiningChamber/playlists
🌐 Mining Chamber Website: https://miningchamber.com
👜 Mining Chamber Merchandise: https://store.miningchamber.com

🔥 Our Recommended GPUs – Ranked in order
[Check your local market apps for better deals!] – (Offer ups, letgo, Kijiji, Craigslist, etc.)
🟢 RTX 3060 TI | On Amazon | https://geni.us/PJ8kG
🟢 RTX 3080 | On Amazon | https://geni.us/AWiwdnC
🟢 RTX 3070 | On Amazon | https://geni.us/6q2IWAG
🟢 GTX 1660 Super | On Amazon | https://geni.us/k2G0ytP
🔴 RX 5700 XT | On Amazon | https://geni.us/LpPDYa
🔴 RX 5600 XT | On Amazon | https://geni.us/w9CmpF
🔴 RX 5500 XT 8 GB | On Amazon | https://geni.us/Vrxg
🔴 RX 6800 XT | On Amazon | https://geni.us/fpff
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Disclaimer – This is not financial advice – please do your own research. Everything is for entertainment purposes and from our personal experience.

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Post Author: CoinCryptoNews