Is Crypto Mining Still Worth it in 2022? (April Update) – YouTube

Is Crypto Mining Still Worth it in 2022? (April Update)


  • Video Views: 5807
  • Published On: 2022-04-04 23:45:00
  • Video Published/Author: Honest Money
  • Video Duration: 00:10:19
  • Source: Watch on YouTube


Why am I am selling my mining rig? Is mining still profitable in 2022? Is GPU mining dead? Find out in this video!

Mining Ethereum is still profitable in 2022, however, the upcoming Merge (Eth 2.0) upgrade will bring an end to Eth mining for good!

There are 3 reasons why I believe Ethereum GPU mining is dead:
1) Energy prices are rising globally
2) GPU depreciation is offsetting profits
3) The Eth 2.0 Merge upgrade which is scheduled for Q2 2022 will change Ethereum from Proof of Work to Proof of Stake

Most people want to know how much money does crypto mining make, so in this video, I share my full mining profits over the past 10 months.

I discuss all of my profits in terms of Bitcoin as I mine Ethereum using Nicehash and they payout in BTC, however, mining Bitcoin is not impacted by this change.

If you are thinking about getting into Bitcoin mining then you should look into ASIC miners as BTC cannot be mined with GPUs.

Is GPU mining still profitable for you? Let me know in the comments!

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• Follow me on Twitter: https://twitter.com/DarrenTheDegen
• How to Build a Mining Rig for BEGINNERS (Step by Step): https://www.youtube.com/watch?v=wsIWEa6-Kxs

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MY MINING RIG – FULL PARTS LIST:

Graphics Cards (GPUs)
• https://tinyurl.com/rtx2060hm – 6 x Nvidia RTX 2060

Motherboard
• https://amzn.to/3zfASug – ASUS Prime Z390-A Socket LGA 1151

CPU, Heatsink & Fan
• https://amzn.to/36LHh41 – Intel Core i5 8600 3.1GHz 6 Core CPU (with onboard graphics)

Wi-Fi Adapter
• https://amzn.to/3insMcg – TP-Link USB Wi-fi Dongle

PCIE Risers
• https://amzn.to/2VYkekt – Ubit PCIE Risers

Power Switch
• https://amzn.to/3riV0Jf – Unbranded

Power Supply Units (PSUs)
• https://amzn.to/2VPHzVg – Corsair RM750 Module 80+ GOLD PSU’s

Dual PSU Adapter
• https://amzn.to/3zdLw4x – ADD2PSU adapter to connect both PSU’s together

Memory / Ram
• https://amzn.to/3zgn4jg – 8gb Crucial DDR4 RAM

SSD NVME
• https://amzn.to/2UoICLu – Crucial P2 500gb M2 NVME SSD

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