Watch this before you start mining crypto in 2024

This video is a complete beginners guide to mining crypto in 2024, going through all the basics and fundamentals to help you understand how cryptocurrencies actually work, what crypto mining really is, what you need in order to get started mining a coin, and more!

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𝗚𝗘𝗧 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗔𝗡𝗬 𝗖𝗢𝗜𝗡 𝗙𝗥𝗢𝗠 𝗖𝗢𝗜𝗡 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗘𝗡𝗧𝗥𝗔𝗟
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𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗘𝗥𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
Use above links & code: SEB for a $120 discount!

𝗖𝗢𝗜𝗡𝗟𝗘𝗗𝗚𝗘𝗥 𝗠𝗔𝗞𝗘𝗦 𝗖𝗥𝗬𝗣𝗧𝗢 𝗧𝗔𝗫 𝗦𝗨𝗣𝗘𝗥 𝗘𝗔𝗦𝗬
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Different types of mining hardware video:

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𝗠𝗬 𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗠𝗘𝗥𝗖𝗛 (𝗧-𝗦𝗛𝗜𝗥𝗧𝗦, 𝗦𝗧𝗜𝗖𝗞𝗘𝗥𝗦 𝗘𝗧𝗖)
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𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗜𝗡𝗚 𝗚𝗣𝗨𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
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𝗔𝗜𝗥𝗙𝗟𝗢𝗪 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦 (𝗚𝗥𝗢𝗪 𝗧𝗘𝗡𝗧𝗦, 𝗘𝗫𝗛𝗔𝗨𝗦𝗧 𝗙𝗔𝗡𝗦 𝗘𝗧𝗖)
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𝗤𝗨𝗔𝗟𝗜𝗧𝗬 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦 (𝗥𝗜𝗦𝗘𝗥𝗦, 𝗦𝗣𝗟𝗜𝗧𝗧𝗘𝗥𝗦 𝗘𝗧𝗖)
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𝗧𝗥𝗬 𝗛𝗶𝘃𝗲𝗢𝗦, 𝗠𝗬 𝗙𝗔𝗩𝗢𝗨𝗥𝗜𝗧𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗢𝗦, 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘
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𝗝𝗢𝗜𝗡 𝗧𝗛𝗘 𝗖𝗛𝗔𝗡𝗡𝗘𝗟 𝗙𝗢𝗥 𝗕𝗢𝗡𝗨𝗦 𝗖𝗢𝗡𝗧𝗘𝗡𝗧

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📦 𝗚𝗘𝗡𝗘𝗥𝗔𝗟 𝗔𝗠𝗔𝗭𝗢𝗡 𝗟𝗜𝗡𝗞𝗦

📦 𝗚𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
GPUs & risers: see above

📦 𝗖𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦

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𝗙𝗥𝗘𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗙𝗥𝗔𝗠𝗘 𝗣𝗗𝗙 𝗕𝗨𝗜𝗟𝗗 𝗚𝗨𝗜𝗗𝗘 𝗜 𝗠𝗔𝗗𝗘

𝗟𝗜𝗦𝗧𝗘𝗡 𝗧𝗢 𝗠𝗬 𝗠𝗨𝗦𝗜𝗖 𝗢𝗡 𝗦𝗣𝗢𝗧𝗜𝗙𝗬

𝗡𝗘𝗘𝗗 𝗠𝗜𝗡𝗜𝗡𝗚 𝗛𝗘𝗟𝗣? 𝗝𝗢𝗜𝗡 𝗠𝗜𝗦𝗙𝗜𝗧 𝗠𝗜𝗡𝗜𝗡𝗚 𝗗𝗜𝗦𝗖𝗢𝗥𝗗

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𝗘𝗠𝗔𝗜𝗟 𝗙𝗢𝗥 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗘𝗡𝗤𝗨𝗜𝗥𝗜𝗘𝗦

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None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research.

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📼 𝗩𝗜𝗗𝗘𝗢 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
00:00 How to get started mining crypto in 2024 - Introduction
00:28 Coin Mining Central ad
02:01 How do cryptocurrencies actually work?
06:04 How does crypto mining work?
10:16 How to mine crypto explained
10:29 Crypto wallets explained
11:25 Crypto mining computer hardware explained
11:55 Mining software explained
12:34 What are mining pools?
14:21 How to cash out your mining earnings

#cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate #coinminingcentral

[jgreat]

Hey Seb, that was a great video overview. Really. Great job. This should age well and get lots of views because it provides information that all new miners SHOULD know. Are you performing music live these days or just recording?

[erud]

So crypto blockchain hash guessing is like a super complicated 3d sudoku board, once solved it becomes the next block.

[mladenjovanovic]

Buy cheap cards while you can and when they are in stock ... mining starts soon...how do you think they will sell next gen graphics(5090 rtx...4000$) if they dont force mining

[A.DotinK]

I have a question. How come we need these machines for mining? Why can’t it be done with computers laptops or phones? I always wondered why they still use those machines they look like they’re from the 1990s. But I definitely don’t understand it.

[camronmccutcheon]

I have a rig with 10 5700xt and a single 3060ti. I WAY overpaid during the boom. Now Im just collecting dust. Im affraid to turn it on a burn up a card. My wife won't let me spend any more money. I'm about ready to just sell abd say screw the losses

[notyobiz]

wassup man long time no see. been thinking about getting into it 5700xt's and kapow algo seem to be the best solution for a low budget, hope u been well my guy. rabid showed 26 mh/s 173w 1350gpu 720 gpu volt and 1820 ram.. and for the price??? not a bad priced shovel

[musslos]

Hey, I have the opportunity to buy a S21 200 TH and set it up in Dubai. And my only costs would be the purchase price of 5000$ and electricity costs of 0, 08 usd. What is your guys‘s opinion or should I just buy btc?

[khalifarmili]

thanks for the video, i liked the Brief recap ❤

[ZerAffex]

I thought Sebastian Vettel got into Crypto mining :D You seriously could be his brother! Nice video too. I have ZERO idea about this stuff but still love learning new things ha

[rezwolf.]

Im glad some one explained the general concept of a block chain

[FoodHub-xnow]

I am new to this, i want to invest for a set up to start mining bitcoin. But i am little bit confused bcoz of bitcoin halving... Is it good to start up this time or later after halving

[josiah]

Hey, I am new to this, i have $1000 to invest for a set up to start. What equipments would you recommend for me to start ?

[josiah]

Hey, can someone personally mentor me on how to do the set up? I'm new to this.

[Prac]

Hie. I'm a beginner miner, I have rig with 6 GPUs providing hashrate of around 360+ mhs (eth hash). Which coin will be best for mining from this setup?

[spainweddingphotography]

Would you mind from your personal laptop?

[jaffabfc]

I am in the uk, whats the best software to use now nicehash wont work? Was getting 13mh/s with them. Using unmineable now and getting 1.2mh/s

[SheetFiber]

7:00 just curious, what if within 10 minutes no computer could guess the number? How the system solves this problem?

[GlennCox-vpgd]

you must take into account that great britain is no longer a member of the european union, because of this you as a european pay very high taxes when purchasing. usually on top of the delivery costs

[BryanEnsign]

Let's get right into it, after not, and going to a sponsor 🤦‍♂️ I don't know why people keep saying let's get into it since they don't at all.

[Krusty_Kowz]

Great overview, been mining for over 3 years now.