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!! Please send me a screenshot of your YouTube account here [email protected]
NerdGears – 2x $25 Gift Cards (US AND CANADA)
– Chris J _ US
– Let Me Try _ CA
GPURisers.com – 2x 6-Pack Risers 009s (US AND CANADA)
– C Reefing _ US
– Jeremigo _ US
AAAWave.com – 2x 6-Pack Risers 009s (US ONLY)
– rdybdahl11
– Stan Darsh
MineShop.eu – 1x $100 Voucher (EU)
– Metty Kapgen
RedPandaMining – $100 Value in Crypto – 50 each
– ok 3 0x03d03777aefba4017e18c5f53bcc28d231e2d807
– Kris 0x1179862285A31eb051b854855A5F02ebaeF766DD
⭐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 Mining Hardware From:
• NerdGearZ (US & CA) – https://geni.us/NerdGearz
• ParallelMiner (US, CA & More) [10% off coupon code: miningchamber] – https://www.parallelminer.com/?wpam_id=189
• MineShop (EU & More) – https://mineshop.eu/?raf=ref6330164
? Mining Software/Operating System We Use:
• HiveOS – Operating System | https://hiveos.farm/?ref=192319
• Kryptex – Software On Windows 10 | https://www.kryptex.org/?ref=3fdc9287
? Check Out Our Playlists!
• GPUs Overview | https://youtube.com/playlist?list=PLmqQIONtYyaE1h6YwjShGJ0ysTVSVqUej
• Mining Rig Builds | https://youtube.com/playlist?list=PLmqQIONtYyaEtj3DskJj-T4VrFLaOhc29
• Operating System Guides | https://youtube.com/playlist?list=PLmqQIONtYyaGMTppNPbgbx_si1IVY9Ryx
• General GPU Mining Guides| https://youtube.com/playlist?list=PLmqQIONtYyaG06t5oEhWWqmxXtpX-R0j7
• Our Crypto Mining Journey| https://youtube.com/playlist?list=PLmqQIONtYyaFMdjIB88HHuXGaGmk0kgDs
? Our Top GPUs for Mining
[Check your local market apps for better deals!] – (Offer ups, letgo, Kijiji, Craigslist, etc.)
• RX 5700 XT | On Amazon | https://geni.us/LpPDYa
• RX 5600 XT | On Amazon | https://geni.us/w9CmpF
• GTX 1660 Super | On Amazon | https://geni.us/k2G0ytP
• RX 580s 8GB | On Amazon | https://geni.us/4vc98Ls
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If you enjoyed this video please leave a ? and ?️ on the Subscribe button!
Let us know if you have any questions in the comments below or chat with us on our Discord server.
Thank you everyone!!
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? Find us on:
► Email – [email protected]
► Website – https://miningchamber.com/
► Discord – https://discord.gg/bK6ptDN
► Instagram – https://www.instagram.com/Miningchamber
► Facebook – https://www.facebook.com/miningchamber
► Bit.Tube – https://bittubers.com/profile/Miningchamber
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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.
We use Amazon affiliate links. That means if you order using the link we will get a small commission with no additional costs to you! Thank you for your support!
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