Cryptocurrency Mining For Dummies – FULL Explanation



In this video, I explain to you what Cryptocurrency Mining is in plain English and I also go over the main impacts on your profits, different types of rigs, and as well as EIP-1559 and ETH 2.0.

⌚ Timestamps:
00:00 – Intro
00:33 – Cryptocurrency Explained
02:10 – Mining Explained
02:23 – Proof Of Stake vs Proof Of Work
02:23 – Proof Of Work In-Depth
04:02 – Different Types Of Mining Rigs
06:04 – Different Types Of Mining Services
09:03 – What Impacts Your Mining Profits
14:50 – Giveaway Winners – CONGRATS!
16:17 – EIP-1559 & ETH 2.0
19:01 – Wrap-up & Outro

Congrats to the giveaway winners!!


Clickbank Promo Tools

⭐GPU Mining Rig Buying Guide:
⭐Ways To Sell Crypto:
⭐Ways To Buy Crypto:
⭐Where To Store Your Crypto:

🔗 Links & Resources:
• BitsBeTrippin Video:
• Vote here for the EIP-1559:
• ASICs Profitability List:
• Proof Of Stake Info:
• Coins Market Cap:
• Mining Pool Stats:
• Hashrate Explanation:
• DAG Size Calculator:
• Ethereum Block Rewards:
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
⚠️ PLEASE BEWARE OF SCAMMERS IN THE COMMENT SECTION! ⚠️
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🏬 Where I buy my Hardware From:
💻 Recommended Software, Wallets, Exchanges..:
📹 Check Out Our Playlists:
🌐 Mining Chamber Website:
👜 Mining Chamber Merch:

🔥 Our Recommended GPUs – Ranked in order
[Check your local market apps for better deals!] – (Offer ups, letgo, Kijiji, Craigslist, etc.)
🟢 RTX 3060 TI | On Amazon |
🟢 RTX 3080 | On Amazon |
🟢 RTX 3070 | On Amazon |
🟢 GTX 1660 Super | On Amazon |
🔴 RX 5700 XT | On Amazon |
🔴 RX 5600 XT | On Amazon |
🔴 RX 5500 XT 8 GB | On Amazon |
🔴 RX 6800 XT | On Amazon |
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
If you enjoyed this video please leave a 👍 and 🖱️ on the Subscribe button!
Let us know if you have any questions in the comments below or chat with us on our Discord server.

Thank you everyone!!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🌐 Find us on:
► Email – Team@MiningChamber.com
► Website –
► Discord –
► Instagram –
► Facebook –
► Bit.Tube –
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Disclaimer – This is not financial advice – please do your own research. Everything is for entertainment purposes and from our personal experience.

We use Amazon affiliate links. That means if you order using the link we will get a small commission with no additional costs to you! Thank you for your support!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
#gpumining #cryptocurrencymining #cryptocurrency #bitcoinmining #cryptomining #cryptominingexplained #bitcoinminingexplained #gpuminingexplained #proofofwork #miningprofits #miningexplained #appartmentGpuminingrigs #CryptoMiningAtHome #bitcoinmining #bitcoin #cryptocurrency #cryptominingrig #ethmining #RadeonVIIMiningRig #GTX1660TIMiningRig #RX580MiningRig #GPUMiningRigs #Hashrate #CryptocurrencyMiningFarm #miningchamber

source

43 thoughts on “Cryptocurrency Mining For Dummies – FULL Explanation

  • January 12, 2022 at 3:18 pm
    Permalink

    Hey everyone! ~ hope this video helped clear out some confusion or educate in the slightest bit! <3 There is a new thing that is quiet interesting and it is Proof of Coverage through Helium Hotspot Mining. I covered it in a video recently and I suggest checking it out, it will be worth it 😉 https://youtu.be/oIpk4QaSbJ8

    Also covering Proof Of Space And Time Mining very soon which you will not want to miss! Make sure to subscribe so you don't miss it <3

    Love you all 3000

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    This is amazing ☝️.added $7,000 to my account as my fourth transaction with them it’s 100% working

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    This is amazing ☝️ added $7,000 to my account as my fourth transaction with them it’s 100% working

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Leader of Bitcoin we are here to tell you that 9:05pm your alert will enter your phone.
    Leader we are In a Good mood today for you, Because many people in online here has awarded you in different ways but now leader he should meet James your daughter in London sent a gift very very important to you, leader she said the last day of your work. You are going to meet on Saturday leader please leader arrange a Good members to Come with you.
    Leader infact we are happy for you.
    All the best
    SDM

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    ☝️☝️.thanks you so much for the amount today

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    ☝️☝️ thanks you so much for the amount today

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I actually make it through that legend man you keep making me smile thank you so much sir

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I actually make it through that legend man you keep making me smile thank you so much sir

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I wanna do this again and again with this team, they've really got me far cos I've earned a lot since I started dealing with them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I wanna do this again and again with this team, they've really got me far cos I've earned a lot since I started dealing with them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I wanna do this again and again with this team, they've really got me far cos I've earned a lot since I started dealing with them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Okay

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them.

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I actually make it through that legend man you keep making me smile thank you so much sir

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I actually make it through that legend man you keep making me smile thank you so much sir

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I’ll always recommend this team, they’re the best

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I just received $70,000 worth of bitcoin with the help of this team, they’re highly intelligent and trustworthy

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I just received $70,000 worth of bitcoin with the help of this team, they’re highly intelligent and trustworthy

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Absolutely, no one does account recovery better than this team, they're a legend 🔥🔥

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Absolutely, no one does account recovery better than this team, they're a legend 🔥🔥

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Congratulations to me🖕i just withdrawn $10000 in to my account🏆

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Congratulations to me🖕i just withdrawn $10000 in to my account🏆

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I'm honored to have this team around me in this hard time, thank you always supporting and helping me to get Bitcoin easily, i really appreciate

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I'm honored to have this team around me in this hard time, thank you always supporting and helping me to get Bitcoin easily, i really appreciate

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never regret dealing with this team, they’re highly intelligent and trustworthy

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them.

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never new there still good hearted people like the professional above They're accurate i got 39k from them.

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    No one does it better than this team, they’re the best when it comes to bitcoin mining

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I'm from Malaysia 🇲🇾 I also tried it out by investing my salary with this man and faithfully I got my income as predicted he's so reliable and trustworthy I'm so happy to be Part in the process thank you sir .

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I'm from Malaysia 🇲🇾 I also tried it out by investing my salary with this man and faithfully I got my income as predicted he's so reliable and trustworthy I'm so happy to be Part in the process thank you sir .

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    can't stop using him 🖕🖕, cos he's really making me happy always, can't stop mining my bitcoin with him

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    can't stop using him 🖕🖕, cos he's really making me happy always, can't stop mining my bitcoin with him

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    As for the money I have no excuse to waste my time, I had the privilege of dealing with him and they sent me $14k.

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    As for the money I have no excuse to waste my time, I had the privilege of dealing with him and they sent me $14k.

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Wow! I really appreciate this team efforts in my life. Thanks to the name above cos I’ve earned a lot since I started dealing with them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    Wow! I really appreciate this team efforts in my life. Thanks to the name above cos I’ve earned a lot since I started dealing with them

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never ever thought that I would be richer today all my
    gratitude to this special and nice they are just too good and has no issues he's just the best

    Reply
  • January 12, 2022 at 3:18 pm
    Permalink

    I never ever thought that I would be richer today all my
    gratitude to this special and nice they are just too good and has no issues he's just the best

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: