In this video I talk about why GPU mining at a loss can be totally fine. I go through why being unprofitable when mining crypto in 2023 doesn't need to be a big deal, depending on your mining strategy. GPU mining profitability in 2023 is obviously negative if you just look at the numbers, so is GPU mining worth it? I would argue yes, because profitability is based on comparing electricity price for mining vs price for buying the coins, but flat out buying the coins isn't as easy as it often involves fees, making it more expensive than expected.
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š¼ ššššš ššššššš 00:00 Crypto mining profits 2023 explained 01:00 CoinLedger ad 01:57 What does being "unprofitable" mean? 03:46 Buying crypto is more expensive than you think 05:38 Coin price when buying plays a bigger factor than you think 06:41 A much more pragmatic look at crypto mining profitability in 2023 08:25 The reality of selling mined crypto every day 09:48 GPU mining hardware prices and ROI explained 11:50 Octominer ad 12:34 Is GPU mining worth it in 2023?
None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is from my point of view and for entertainment purposes. You do things at your own risk. You are responsible for your own actions. Do your own research.
