5 tips to survive crypto mining in 2023
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- Publish Date:
- 28 May, 2023
- Category:
- Data Mining
- Video License
- Standard License
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- Youtube
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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.
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How mining profitability works:
https://youtu.be/ADrHCsaF4l8
90 day mining profits:
https://youtu.be/3BMfWhf6aCA
30 day profitability comparison:
https://youtu.be/WzSASYYPRcs
How to increase mining profitability:
https://youtu.be/q-cpuBWjip0
Mining hardware I'm currently mining:
https://youtu.be/W9zFnElcZTE
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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
