The Cost of Mining Ethereum and its ROI

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In this video we explore the cost of setting up a miner to mine ethereum or other cryptocurrencies.
We also discuss the ROI or mining ethereum or other cryptocurrencies and how to calculate your return
on investment.

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Ethereum: Ethereum is a new type of crypto currency similar to bitcoin but it has more uses than
bitcoin which is why some users are dubbing it Bitcoin 2.0.

Unique features
1. Ethereum can only be mined with GPUs
Chinese ASIC miners used for bitcoin mining will not work!
2. Ethereum has the ability to create smart contracts
Basically you can have multiple transactions in one block on the blockchain
3. Ethereum transactions are lighting quick compared to bitcoin
sending money / receiving money is much faster
4. Ethereum can be used to create smart applications that can live forever on the blockchain
No one can take your app down like (Google / Apple / Government)

There’s a lot more to ethereum but it seems to be a very promising technology for the future
Depending on how popular this video gets, I may post more videos related to the subject.

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Donations donation are appreciated if this helped you out or you found it interesting!

Ethereum Address:
0x86c49E7d15F10c75BFAd32B4E2a2179876ac8046

Bitcoin address:
1MrP6ju8k2FgutmaAhiLdYj1iaBgYHycps

Litecoin address:
LZPLjpxVvjKAgFLyzCtbtxuiBJSvrKAeK3

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Used in the video

Computer Setup

Rosewill Computer case: http://amzn.to/1K3459K

EVGA Supernova G3 1000Watt PSU: http://amzn.to/2ohHZl9

MSI 990FXA Gaming motherboard: http://amzn.to/2oHjREQ

AMD FX 9590 Processor: http://amzn.to/1VMZJKT
(TAKEN OUT)

AMD FX 8320E Processor: http://amzn.to/2nro3s4
(REPLACED THE FX-9590)

Thermaltake Water 3.0 Ultimate Heatsink: http://amzn.to/1Zt7oCC
(TAKEN OUT)

Arctix MX-4: http://amzn.to/2mW8wVc

Crusial Ballistix Sport RAM: http://amzn.to/1K34A3D
(REPLACED THE CORSAIR VENGEANCE RAM)

New Sapphire R9 Fury X video card: http://amzn.to/1K34N79

ASUS STRIX RX480 x2: http://amzn.to/2oH5m3W

PCIe 16x to 1x Risers: http://amzn.to/2ohIrQe

AverMedia Capture card: http://amzn.to/1VMZxex
(TAKEN OUT)

Samsung 27″ Monitor: http://amzn.to/1VN06oB

Keyboard and mouse: http://amzn.to/1GDCRXg

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SPONSORS

COINBASE
Purchase Bitcoin / Ethereum / Litecoin with your debit / credit card!
Purchase $100 of any crypto and get an extra $10 worth of bitcoin by using the code below
https://www.coinbase.com/join/529daee814bd87441c00005b

Ledger – Hardware cryptocurrency wallet
Keep multiple cryptocurrencies safe on a NANO leger hardware wallet!
https://www.ledgerwallet.com/r/db94?path=/products/1-ledger-nano

Genesis Cloud Mining
Use my code at checkout to save 3%: 8gIbXD
https://www.genesis-mining.com

AMAZON
Support this channel by purchasing items on Amazon.com!
http://amzn.to/2gHo1Zh

NEWEGG
Hot deals on Laptops and Desktops at Newegg
https://goo.gl/scY67z

Google – Project Fi Phone Service
Pay only for the data you use and get the best coverage in the world!
Get $20 off your first bill by using the link below
https://g.co/fi/r/45A00V

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MUSIC

Noble Dub – Silent Partner
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The Cost of Mining Ethereum and its ROI

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About The Author

Kane Dane