How to make money mining crypto in 2024 (Best mining strategy and profitability explained)
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- Publish Date:
- 31 March, 2024
- Category:
- Data Mining
- Video License
- Standard License
- Imported From:
- Youtube
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In this video I explain how crypto mining profitability actually works, how to make money mining crypto, how to know what the best coin to mine is and the 2 major crypto mining strategies. These 2 strategies are using crypto mining as a form of passive income, and using crypto mining to build wealth and get rich long term.
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!
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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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00:00 Making money mining crypto, profitability & strategy - Introduction
00:26 Coin Mining Central ad
02:10 The economics of crypto mining explained in simple terms
03:45 Crypto payouts to miners (coin emissions) explained
04:20 Mining profitability explained
05:47 The problem with mining profitability calculators
06:26 Best way to use mining profitability calculators
07:20 Biggest misunderstanding about minign profitability
08:17 Why people still mine when profitability is super low
08:50 The 2 main mining strategies
09:07 Mining crypto as passive income explained
09:26 Best mining hardware for passive income
10:10 Best coin to mine for passive income
10:51 Mining crypto to build wealth explained
12:08 Best mining equipment to build wealth
13:20 Best coins to mine to build wealth
14:20 When will crypto prices go up?
16:13 How to use the crypto market swings to our advantage as miners
#cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate #coinminingcentral #miningprofitability
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