Getting Started with Crypto Mining

Is mining at home profitable? That depends on which coins you’re mining, the hashing difficulty of the network, the equipment you’re using, and the price of electricity where you’re mining.

I'll teach you what you need to know to get started with mining and make your setup more profitable.

For an intro to what Mining is, watch “How Mining Works”
https://youtu.be/Nn6TWD5pCoA

00:00 Intro
00:38 Why Mine?
01:52 Equipment
06:00 Hosting Facilities
08:13 Repurposing your Gaming Computer
08:54 Energy Costs
10:12 Best Places for Crypto Mining
11:19 Hashing Difficulty
12:42 Tricks to Increase Profits
14:29 CAT!!!

Huge thank you to Marshall Long and Will Foxely for chatting with me!

Brought to you by NBTV members: Lee Rennie, Emily Kotow, Will Sandoval, and Naomi Brockwell

To make a tax-deductible (in the US) donation to NBTV, visit https://www.nbtv.media/support

Sign up for the free CryptoBeat newsletter here:
https://cryptobeat.substack.com/

Beware of scammers, I will never give you a phone number or reach out to you with investment advice. I do not give investment advice.

Visit the NBTV website:
https://nbtv.media

Watch this video on LBRY:
https://open.lbry.com/@NaomiBrockwell:4/Getting-Starting-with-Crypto-Mining:b?r=34kF7MxQqxN6ajSzQDL7wZ8xYxVYozBS

Here are a bunch of products I like and use. Using these links helps support the channel and future videos!

Recommended Books:

Permanent Record - Edward Snowden
https://amzn.to/305negc

No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
https://amzn.to/2UQmJ4m

What has the government done to our money - Rothbard
https://amzn.to/2KMzmcu

Naomi's Privacy Bag: some of my favorite products to help protect your privacy!

Use the Brave browser! https://brave.com/nao076

USB-C to ethernet adapter:
https://amzn.to/2lOVBoy

Lightening to ethernet adapter:
https://amzn.to/2nWyNns

Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone)
https://amzn.to/3DjIvCP

Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
https://amzn.to/2SVh0J2

Computer privacy screen (use your computer in public? Keep your information safe! Choose the size right for your computer)
https://amzn.to/3F816Sn

Phone privacy screen (don't let people in public see your private data, choose the size for your phone)
https://amzn.to/3wNtYwb

Camera cover (for computers and phones, so no one can access your camera without you knowing)
https://amzn.to/2Mt7Hic

Privacy Tip: Turn off your wifi and bluetooth when you're not using them!!! (or don't use them at all)