Why Crypto Mining Kinda SUX Right Now!



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?

๐Ÿ”—Follow Ben on Twitter โžก

๐Ÿ“บFull Tour of Benโ€™s Immersion Mining Farm in Arkansas โžก

๐Ÿ›’In the Market for your Next Crypto Miner Purchase? Checkout Jingle Mining! Carrying Brands like Bitmain, Goldshell, Jasminer, IceRiver and Many More! โžก
๐Ÿ’ฐUse Checkout Code โ€œHOBBYISTMinerโ€ for a Discount

โญLearn More About BlockOps Mining Farm Facility, Hosting & Purchasing ASIC Miners
๐Ÿ”—BlockOps Mining Website โžก
๐Ÿ”—BlockOps Mining Twitter Account โžก
๐Ÿ’ฐIf you Reachout, Tell them โ€œThe Hobbyist Minerโ€ Sent You!

โ€”โ€”โ€”-
๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐Ÿ ๐จ๐ง ๐Ÿ ๐‡๐ž๐ฅ๐ฉ ๐Ÿ๐ซ๐จ๐ฆ ๐“๐ก๐ž ๐‡๐จ๐›๐›๐ฒ๐ข๐ฌ๐ญ ๐Œ๐ข๐ง๐ž๐ซ?
๐Ÿ“†Schedule Time with The Hobbyist Miner โžก
โ› New to Crypto Mining, Need Hand Holding?
โ› Not Sure What to Buy for your First Mining Rig?
โ› Need Help Configuring your FIrst GPU Mining RIg?
โ› Looking for Help Setting Up an ASIC Miner?
โ› Need Help Launching your New Youtube Channel?

๐Œ๐ฒ ๐“๐จ๐ฉ ๐†๐๐” ๐๐ข๐œ๐ค๐ฌ ๐Ÿ๐จ๐ซ ๐Œ๐ข๐ง๐ข๐ง๐  ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’:
๐Ÿ›’PowerColor Hellhound RX6600 โžก
๐Ÿ›’XFX Speedster RX6600XT โžก
๐Ÿ›’MSI Geforce RTX 3060 โžก
๐Ÿ›’Gigabyte Eagle Geforce RTX 3070 โžก

๐…๐จ๐ฅ๐ฅ๐จ๐ฐ ๐“๐ก๐ž ๐‡๐จ๐›๐›๐ฒ๐ข๐ฌ๐ญ ๐Œ๐ข๐ง๐ž๐ซ ๐จ๐ง ๐’๐จ๐œ๐ข๐š๐ฅ:
โœ…Twitter โ€“

๐‰๐จ๐ข๐ง ๐“๐ก๐ž๐‡๐จ๐›๐›๐ฒ๐ข๐ฌ๐ญ๐Œ๐ข๐ง๐ž๐ซ ๐ƒ๐ข๐ฌ๐œ๐จ๐ซ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐“๐š๐ฅ๐ค ๐€๐‹๐‹ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐ข๐ง๐ข๐ง๐ !
โœ…Discord โ€“

โœ‰ ๐„๐ฆ๐š๐ข๐ฅ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ข๐ž๐ฌ โ€“ TheHobbyistMiner@Gmail.com
โ€”โ€”โ€”-
๐ƒ๐ข๐ฌ๐œ๐ฅ๐š๐ข๐ฆ๐ž๐ซ- I am not an โ€œExpertโ€, 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.

๐Ÿ“บVideo 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 canโ€™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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