5 tips to survive crypto mining in 2023

Mining in 2023 with this low profitability is rough, but thankfully there is a lot we can do to improve the situation. First off we need to better understand mining profitability so that we can make educated decisions, and make sure we understand the limitations of online mining profitability calculators. After understanding mining profitability, there's a lot we can do to increase our mining profits as well, like getting more efficient miners and lowering our power costs. We can also consider that the actual mining hardware itself can be an investment as well, as mining equipment has gone down in price significantly in the last year. And with that in mind, right now might also be a good time to diversify your mining farm, and get a good mix of GPUs, CPUs and ASICs for mining. Finally, my biggest tip is to take all that we've learned and use that to put a solid mining strategy in place, with a clear goal and a plan for how you are going to achieve that goal.

Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. Using these links helps support the channel, thank you!

𝗠𝗜𝗡𝗘 & 𝗚𝗘𝗧 𝗣𝗔𝗜𝗗 𝗜𝗡 𝗢𝗩𝗘𝗥 𝟳𝟬 𝗖𝗢𝗜𝗡𝗦 𝗪𝗜𝗧𝗛 𝗨𝗡𝗠𝗜𝗡𝗘𝗔𝗕𝗟𝗘
Add referral code #SEB at the end of your worker name to get a 25% discount on their fee!

𝗢𝗖𝗧𝗢𝗠𝗜𝗡𝗘𝗥
Amazing GPU server cases & ASIC miner immersion tanks!

——————

𝗠𝗬 𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗠𝗘𝗥𝗖𝗛 (𝗧-𝗦𝗛𝗜𝗥𝗧𝗦, 𝗦𝗧𝗜𝗖𝗞𝗘𝗥𝗦 𝗘𝗧𝗖)
Get something AWESOME & support the channel 😊

——————

𝗠𝗬 𝗥𝗘𝗖𝗢𝗠𝗠𝗘𝗡𝗗𝗘𝗗 𝗦𝗧𝗢𝗥𝗘 𝗧𝗢 𝗚𝗘𝗧 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗔𝗡𝗬 𝗖𝗢𝗜𝗡
Use above link & code: SEB for a $120 discount!

𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗘𝗥𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
Use above links & code: SEB for a $120 discount!

𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗜𝗡𝗚 𝗚𝗣𝗨𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
As an Amazon Associate I earn from qualifying purchases

𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗨𝗦𝗕 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗦𝗢𝗟𝗢 𝗠𝗜𝗡𝗜𝗡𝗚
Use above link & code: SebsFinTech to get a 4% discount!

𝗖𝗢𝗜𝗡𝗟𝗘𝗗𝗚𝗘𝗥 𝗠𝗔𝗞𝗘𝗦 𝗖𝗥𝗬𝗣𝗧𝗢 𝗧𝗔𝗫 𝗦𝗨𝗣𝗘𝗥 𝗘𝗔𝗦𝗬
Use above link & code: SEB for 10% discount!

𝗔𝗜𝗥𝗙𝗟𝗢𝗪 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦 (𝗚𝗥𝗢𝗪 𝗧𝗘𝗡𝗧𝗦, 𝗘𝗫𝗛𝗔𝗨𝗦𝗧 𝗙𝗔𝗡𝗦 𝗘𝗧𝗖)
Use above link & code: SEB for 10% discount!

𝗧𝗥𝗬 𝗛𝗶𝘃𝗲𝗢𝗦, 𝗠𝗬 𝗙𝗔𝗩𝗢𝗨𝗥𝗜𝗧𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗢𝗦, 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘
Use above link & code: SEBSFINTECH for a free $10 bonus!

——————

📦 𝗚𝗘𝗡𝗘𝗥𝗔𝗟 𝗔𝗠𝗔𝗭𝗢𝗡 𝗟𝗜𝗡𝗞𝗦

📦 𝗚𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
GPUs & risers: see above

📦 𝗖𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦

As an Amazon Associate I earn from qualifying purchases

——————

𝗝𝗢𝗜𝗡 𝗧𝗛𝗘 𝗖𝗛𝗔𝗡𝗡𝗘𝗟 𝗙𝗢𝗥 𝗕𝗢𝗡𝗨𝗦 𝗖𝗢𝗡𝗧𝗘𝗡𝗧

𝗟𝗜𝗦𝗧𝗘𝗡 𝗧𝗢 𝗠𝗬 𝗠𝗨𝗦𝗜𝗖 𝗢𝗡 𝗦𝗣𝗢𝗧𝗜𝗙𝗬

𝗘𝗠𝗔𝗜𝗟 𝗙𝗢𝗥 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗘𝗡𝗤𝗨𝗜𝗥𝗜𝗘𝗦

——————

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.

——————

𝗠𝗘𝗡𝗧𝗜𝗢𝗡𝗘𝗗 𝗩𝗜𝗗𝗘𝗢𝗦/𝗟𝗜𝗡𝗞𝗦
How mining profitability works:

90 day mining profits:

30 day profitability comparison:

How to increase mining profitability:

Mining hardware I'm currently mining:

——————

📼 𝗩𝗜𝗗𝗘𝗢 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
00:00 Mining in a bear market introduction
00:36 unMineable ad
01:47 How mining profitability works
05:14 The problem with mining calculators
07:01 How to increase mining profitability
09:06 Mining hardware as an investment
10:30 What mining hardware to get in 2023
12:06 Octominer ad
13:09 Best mining strategy in 2023

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

[SebsFinTechChannel]

Here are all the links to the videos I mentioned in this video:

How mining profitability works:

90 day mining profits:

30 day profitability comparison:

How to increase mining profitability:

Mining hardware I'm currently mining:

[kevinj]

Just keep mining and banking the coins. Cash in next Bull Market. Simple 😊

[ალექსანდრეგაბაძე]

Let's put it this way, Buying coins is more profitable then mining right now. Simple math. It's not 10% or 15% it's more then 30% profitable in most of the time.

[vabalazzzz]

Hi Sebs, what we would do without Your videos, thank You!!!

[ThreeFoxCo]

I agree. We should not get caught up in current profitability. I have diversified already and bought 4* 7950x CPUs, of which 1 system is fully operational and mining, and the other 3 will come online once I shopped for its associated hardware (mobos, RAM, etc.)

I liked your CPU mining video, and I have been in contact with Rabid Mining and I have decided that efficiency is more important than the lowest $/hash, hence I invested into the 7950x...

[ssmfdsrx]

@Sebs FinTech Channel Could you do a spreadsheet video for 40 series GPU efficiency for various cryptos? Much appreciated!

[ScarTalon]

love these videos! personally considering buying a mini doge II to branch into asic mining, as i don't have a couple thousand to throw at more profitable miners.

[ramblr]

Can you talk about gpus and 2023 update on mining what coins the google sheet

[RamonRa]

Mining during the day on solar power for free. Collecting as much kaspa until August until the asics take over

[toonex]

just to clarify i'm assuming unmineable isn't a case of mining a random algorithm and being paid out in multiple coins at once (for example I currently dual mine neoxa and Zil and sometimes go for meow+zil instead if I want to diversify a little). As i'd be interested in getting more diversification in my crypto holdings but I'm guessing this site only does 70 different coins you can single mine rather than payouts of multiple

[aleksandartobdzic]

Mine Alph, hope 1$ sometime 2024/2025 😅

[m]

the cost in the netherlands is 40cents = 1kwh the energy prices making mining cost to high

[RingstedHedge]

Its not about the profit, Its about sending a message. If you mine solely for profit, you wont last in this game.

[srinivasbharadwaj]

haha seb is talking about bear market when we are in the early stages of a bull market. but i agree with everything you said bro

[DrexSux]

3:30 basic math you’re jacking up man. If you just BOUGHT $5 worth of crypto that day then you’d have even more crypto to invest.

“Oh well it might be worth more in the future” like man… same with if you’d have bought it that day instead of mining it too. It’s like elementary school math

[BADKATT]

Mining at a loss for the last 18 months Yield is more important for me .