Is Mining on ASICs Worth It? - Mining Adventure Part 3

Mining was for a long time a GPU only game, but with ASIC miners seemingly everywhere these days, are they actually profitable?

Buy ASICs (or maybe dont?):

Intro Screen Music Credit:
Title: Laszlo - Supernova

[arccrenshaw]

Canadian week = 16 days... I learn so much from this channel...

[norek]

This really reminds me of the gold fever in america, when the gold was almost depleted. So people who sold equipment to miners made more money than the goldminers themselves.

[imhatepie]

"m-master do you need a knife?"
"o-oh ok then, nevermind".

[ENDESGA]

"We'll be back in a week"
"okay, it's been 16 days"

Nice one Linus

[alexkirk]

conclusion, if you want to turn electricity into money, grow weed.

MISSION FAILED, WE'LL GET 'EM NEXT TIME 0:38

[PPPPPPPPPPPPPPxk]

For anyone watching in 2019, the difficulty as of 2019-06-27 is 7.93 trillion.

[noahbaumgartner]

Hodl your crypto and get a miner like spcminer and that's all you'll need

[LennyG]

Just remember who made the money in the gold rush, the hardware suppliers.

[TheTimtam]

6:50 Trying to put a dust filter on a mini fan, the struggle is real.

[VladSvoka]

In the end, NVidia & AMD are getting huge sales from miners, which mean more money for video card companies. Mining complexity rises so fast that soon miners would be forced to use specialized equipment, leaving us with nice graphic adapters to enjoy.

[Sam_on_YouTube]

You know who made money in the gold rush? Just enough miners struck it rich to draw in others, but those others mostly went broke. The real money went to the people who sold the equipment. Same thing in the bitcoin mining rush.

[ericdeltoro]

You know what, I've changed my mind about cryptocurrency. I hope better ASICs keep coming out with better hash rates so it drives the difficulty even higher still to the point that it makes gpu mining unprofitable at every level of perfomance, driving down the price of GPUs back to their normal prices. :) Good job ASIC devs!

[stopdropandgame]

imagine if they came out with a miner that cost $50, 000 and Linus dropped it then acted like it was no big deal

[kaylasal]

"And no Austin that's not trademarked"
"I'll see you in court" -Austin

[uss_]

06:00
Most of the mass is heat sinks and cooler
Mass Effect

[alexren]

0:39 he just ignored that guy trying to be helpful...

[SlimedogYT]

I'm pretty sure Linus put out this video to get miners to move to ASICS so that the gamers could once again buy their GPUs. Thank you Linus.

[occwwmd]

It ain’t just miners taking the GPUs. Its also regular folks who could give a crap about gaming or mining who have bots buying the GPUS so they can make money reselling.

[georgiohenderson]

I prefer to run in my Asics than mine in them, i'm not a minor anymore