In the present video, we engage in a conversation with Ben Smith from Immersion BTC to explore the reasons why Crypto Mining is currently facing challenges. Prior to the Bitcoin Halving, we witnessed increasing profitability in both Bitcoin and Altcoin Crypto Mining. However, in the days following the BTC Halving, the Bitcoin Network Hashrate did not decline as anticipated, resulting in a significant drop in Bitcoin Mining Profitability. The critical questions now are: What lies ahead for Crypto Mining? When can we expect the Crypto Bull Run? And when will profitability rebound for GPU, CPU, and Bitcoin Mining?
🔗Follow Ben on Twitter ➡
📺Full Tour of Ben’s Immersion Mining Farm in Arkansas ➡
🛒In the Market for your Next Crypto Miner Purchase? Checkout Jingle Mining! Carrying Brands like Bitmain, Goldshell, Jasminer, IceRiver and Many More! ➡
💰Use Checkout Code “HOBBYISTMiner” for a Discount
⭐Learn More About BlockOps Mining Farm Facility, Hosting & Purchasing ASIC Miners
🔗BlockOps Mining Website ➡
🔗BlockOps Mining Twitter Account ➡
💰If you Reachout, Tell them “The Hobbyist Miner” Sent You!
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𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝟏 𝐨𝐧 𝟏 𝐇𝐞𝐥𝐩 𝐟𝐫𝐨𝐦 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫?
📆Schedule Time with The Hobbyist Miner ➡
⛏ New to Crypto Mining, Need Hand Holding?
⛏ Not Sure What to Buy for your First Mining Rig?
⛏ Need Help Configuring your FIrst GPU Mining RIg?
⛏ Looking for Help Setting Up an ASIC Miner?
⛏ Need Help Launching your New Youtube Channel?
𝐌𝐲 𝐓𝐨𝐩 𝐆𝐏𝐔 𝐏𝐢𝐜𝐤𝐬 𝐟𝐨𝐫 𝐌𝐢𝐧𝐢𝐧𝐠 𝐢𝐧 𝟐𝟎𝟐𝟒:
🛒PowerColor Hellhound RX6600 ➡
🛒XFX Speedster RX6600XT ➡
🛒MSI Geforce RTX 3060 ➡
🛒Gigabyte Eagle Geforce RTX 3070 ➡
𝐅𝐨𝐥𝐥𝐨𝐰 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫 𝐨𝐧 𝐒𝐨𝐜𝐢𝐚𝐥:
✅Twitter –
𝐉𝐨𝐢𝐧 𝐓𝐡𝐞𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭𝐌𝐢𝐧𝐞𝐫 𝐃𝐢𝐬𝐜𝐨𝐫𝐝 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐚𝐥𝐤 𝐀𝐋𝐋 𝐀𝐛𝐨𝐮𝐭 𝐌𝐢𝐧𝐢𝐧𝐠!
✅Discord –
✉ 𝐄𝐦𝐚𝐢𝐥 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 – TheHobbyistMiner@Gmail.com
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𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫- I am not an “Expert”, I am learning along the way, just like you! Please do your own research, come to your own conclusions & make your own mistakes! I am NOT a Financial Advisor, please always take guidance from Professionals. Everything on this channel is for Fun as a Hobby and Entertainment for you, the viewer.
📺Video Chapters and Content:
00:00 Title
00:30 What was the Bitcoin Halving Like for Us?
01:45 The Bitcoin Profitability after the Halving was Insane!
02:15 We are BACK in Low Power Mode Now!
04:00 Are we In the Bear or Bull Market Right Now?
06:00 Are Older Bitcoin Miners Dropping Off the Network?
06:50 When will the Bull Run Be and Will it be Different?
11:00 Regulation is Needed for Crypto Mining to Grow!
13:00 We need to Start Educating the General Public More about Mining.
14:00 Why we can’t forget about AltCoin Mining, Diversity is Key!
16:00 GPU Mining is Pivoting and We Need to Pay Attention to AI Use Case
17:10 Approaching Home GPU Mining like a Business
19:00 The Crypto Mining Industry is Following the Cannabis Industry
21:50 Chasing Daily Profitability is Not Helping you Build your Bags
23:00 When the Market is Down, Keep Growing and Expanding!
#bitcoin #cryptomining #crypto
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