Is it a GOOD Time To Start Mining Crypto? (While I Fix A GPU)



In this video I discuss a very commonly asked question: “Is it too late to start mining crypto?” I give my thoughts as I replace the fans on a Gigabyte RTX 3060 Ti.

GPU Repair Stuff:
▶️ iFixit Toolkit:
▶️ Thermal Paste:
▶️ Alcohol:
▶️ Wipes:

Links to support me:
▶️ Red Fox Crypto Discord:
▶️ Awesome Miner Referral Link:
▶️ Hive OS Referral Link:
▶️CoinTracking Referral Link:
▶️Parallel MIner Referral Link:


Clickbank Promo Tools

Current Favorite GPUs:
▶️ RX 6600:
▶️ RX 6600 XT:
▶️ RTX 3090:

Mining Rig Parts I Use:
▶️ 6-GPU Frame:
▶️ 8-GPU Frame:
▶️ 12-GPU Frame:
▶️ Risers:
▶️ Risers:
▶️ PCIe Splitters:
▶️ MOBO:
▶️ CPU:
▶️ PSU:
▶️ RAM:
▶️ HDD:
▶️ Test Bench:
▶️ PDU:

Grow Tent Setup:
▶️ Tent:
▶️ Best Inline Fan:
▶️ Inline Fan:
▶️ Ducting:

Power Meter:
▶️ DROC AC Power Meter:
▶️ SpaceGoats DROC Power Meter Build:

Like My Awesome Bitcoin Hoodie?
▶️ Cryptee: (10% off w/ code REDFOXCRYPTO)

Video Chapters:
00:00 Is it worth mining cryptocurrency now?
00:45 Why are Gigabyte GPU fans so horrible?
02:05 Is it too late to mine crypto?
02:55 What is the mining strategy I use?
03:30 What did I do when I started mining?
05:06 Is crypto mining for everyone?
06:22 How do I invest in crypto mining?
08:30 Crypto mining keeps you INVOLVED!
10:00 Is it better to buy or mine crypto?
12:15 What about the Ethereum merge?
14:58 RANT
17:05 What’s the risk of GPU mining?
19:13 Testing the repaired Gigabyte 3060 Ti
19:59 @Mrs Red Fox

Crypto Miners:
📺 BitsBeTrippin:
📺 Voskcoin:
📺 Red Panda Mining:
📺 The Hobbyist Miner:
📺 Sebs Fintech Channel:
📺 ChumpChangeXD:
📺 Hash Raptor:
📺 SerpentXSF:
📺 SavageMine:
📺 Guntis Vitolins:
📺 The Life of a Miner:
📺 Altered Component:
📺 Mining Office:

Follow me:
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As an Amazon Associate I earn from qualifying purchases.

#CryptoMining, #EthereumMining, #BitcoinMining

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46 thoughts on “Is it a GOOD Time To Start Mining Crypto? (While I Fix A GPU)

  • April 3, 2022 at 5:50 am
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    Gigabyte gpu? Shocker. Mining for me is it's own reward. Love the content, man!

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  • April 3, 2022 at 5:50 am
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    will those miners do free mining when block reward goes to zero? if not how will ppl use their coins. lol

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  • April 3, 2022 at 5:50 am
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    Can’t ground through paint. Lol
    I kinda quit gaming so I just leave my 3700 and my 2700x and my 5700g to mine. Like 11Kh/s in xmr and 52 Kh/s eth. Hopefully they don’t go to eth2 before the end of the year.

    Reply
  • April 3, 2022 at 5:50 am
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    Bro how did you get 60mh/s at 40 degrees 120w I have the same card and get 42mh/s 57 degrees 145w. Is yours LHR? Mine yes

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  • April 3, 2022 at 5:50 am
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    Where are you Mining? 🙂 Im asking due to energy costs are skyrocketing here in germany, and im Really corious if its worth starting mining for 0.44€/kWH .. Best regards! 🙂

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  • April 3, 2022 at 5:50 am
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    Really helpful stuff 👍🏻

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  • April 3, 2022 at 5:50 am
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    im curious what u think about the jasminer and your opinion about investing in one right now?

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  • April 3, 2022 at 5:50 am
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    I think there will be a ton of opportunities to mine shortly.

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  • April 3, 2022 at 5:50 am
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    Thanks for the video. Just got into mining in Feb. 2022 with a open air 6 GPU rig that has (1) 3060ti and (1) 3090. I'm a tinkerer hobbyist but have been a bit concerned about recouping the $ for the build out. We'll see how it goes.

    Reply
  • April 3, 2022 at 5:50 am
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    Can someone tell me how much 2x RTX 3060 are going to make monthly with the electricity cost of 0.20$/kWH?

    Reply
  • April 3, 2022 at 5:50 am
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    hi.. love this channel. Question.. should i buy 5x RTX 3070s TI, OR 2x 3090s FTW? It's roughly same price, but Nice hash calculator says the 3070s would be more profitable. What sounds like the better investment?

    Reply
  • April 3, 2022 at 5:50 am
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    Spend some money on your teeth stay of the meth boy.

    Reply
  • April 3, 2022 at 5:50 am
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    I just recently got started because I really like the hardware/messing around with settings things, I had a bunch of old pc parts and could sacrifice a few (like storage) from other systems i never use, so really I only bought a GPU at this time because of that, got a few friends in it too. Lots of fun. The community is great too, im expecting a loss here but I was willing to take the risk

    Reply
  • April 3, 2022 at 5:50 am
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    I keep seeing these crypto investment videos. How does this work? How is it profitable?

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  • April 3, 2022 at 5:50 am
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    yes its too late. no its not a good time.
    P.S.: I got an OC RTX 3070 at MSRP 600 bucks and even while not even measuring in the energy cost AT ALL the thing DID NOT pay for itself from june. This is a card that is very efficient and has 62ish MHs. Complete bust this whole mining crap. Not even talking about other cards like 2060 etc. This is one big pile of idiocy.

    Reply
  • April 3, 2022 at 5:50 am
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    Yes too late

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  • April 3, 2022 at 5:50 am
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    can mine on solar ?

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  • April 3, 2022 at 5:50 am
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    Spoiler: Yep.

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  • April 3, 2022 at 5:50 am
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    I personally think that it's not worth it anymore. All ANY government has to do to shut down cryptocurrency is outlaw exchanges and mining operations and it's all over. China is one of many nations that has already done this and I look for other nations to soon follow. The cost of equipment is way to high for such little reward. Another problem is the cryptocurrencies availability and difficulty to mine. Why get into it of you can't get hardly anything out of it? I currently mine Litecoin with my FutureBit Apollo ASIC and have been since 2020 and I still haven't broke even on it yet.

    Reply
  • April 3, 2022 at 5:50 am
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    Hi Mike RedFox Crypto, Thank you for the great video! How do I get started learning to mine crypto? Is there a class you took in the beginning? How did you learn to make money mining? Thank you greatly!

    Reply
  • April 3, 2022 at 5:50 am
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    what are your thoughts about Goldshell miners?

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  • April 3, 2022 at 5:50 am
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    And why don't you guys like mining gpus? Other than not being able to sell them for gaming?

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  • April 3, 2022 at 5:50 am
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    So what happens to all those gpus if you decided to get out now? I don't know a gamer that wants a card used to mine. Maybe when gpus are 200% markup, and impossible to find. But with inflation, gas being 5 dollars a gallon, and all the government money gone like child tax credits gpus are dropping in price, and can be found on store shelves. Well microcenter had like all the gpus 2 days ago. That would wreck the idea of selling gpus to recoup some of what you spent right?

    Reply
  • April 3, 2022 at 5:50 am
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    Never had a gpu go down in 2 years because i'm a electro mechanical engineer. I also Don't expect one will go down in the next 2 years. The only problem i have with mining is the Increased Network Difficulty Ukraine. Joe Biden said with every new gpu you buy 1/2 goes to the Big Guy and you foot the bill for Electricity & Maintenance. Why have they permeated & infiltrated every facet of society i have no idea.

    Reply
  • April 3, 2022 at 5:50 am
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    GPU's will go down and need to be replaced. For every 6 GPU's owned expect to lose 1 or need to repair one per year. You can expect to make approximately 3-4 times the value of your mining GPU in todays prices over time before breaking, however that does not assume potential value. Good luck to all. Mining is a great hobby and fun.

    Reply
  • April 3, 2022 at 5:50 am
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    Pretty much how I started out. Using 2 GPUs I already had to mine about 110mh/s. Now I have 6 GPUs around 200mh/s and finally planning to build my first dedicated rig to add another 400mh/s for a total of 600mh/s. After that, the next goal will be 1Gh/s.

    Reply
  • April 3, 2022 at 5:50 am
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    I can't believe how much I make with my 3 phones mining versus coin. Like $10 per month. Add it together with other devices, that pay bills. The decision you took on the GPU side of things is the same as mine. I first got 1050Ti just for experiment and now, I have alot of GPUs. It's never too late to start mining.

    Reply
  • April 3, 2022 at 5:50 am
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    buy hardware now guys.. prices are pretty low.. profits will be low but you will still profit. prices will come back up

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  • April 3, 2022 at 5:50 am
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    I have 3k I would like to start with. Not sure if that's enough or too much rn. Still trying to figure out what to buy and what to avoid

    Reply
  • April 3, 2022 at 5:50 am
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    I started with 1 GPU back in 2019 and now just finished my 2nd rig with a total of 12 gpu's. It started as a hobby and now I really want a full scale farm.

    Reply
  • April 3, 2022 at 5:50 am
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    I sure wouldnt go put $5k on a credit card for gpus right now

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  • April 3, 2022 at 5:50 am
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    Great video, i can honestly say this was the first honest easy to understand but helpful video. Great job and becoming a big fan. Keep it coming! As a followup what is the best setup, a GPU for starting? Any advise is much appreciated!

    Reply
  • April 3, 2022 at 5:50 am
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    Those fans are awful for sure. I have a bunch of RX 570s from Asus, but they have the same fan design and i just recently had 4 of them go out within weeks of each other. I'm thinking it might be to do with the dirty outside air since I mine in the garage. I noticed the exhaust fan had a lot of buildup on the inside as well.

    Reply
  • April 3, 2022 at 5:50 am
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    Your act of ☝️⬆️👆 kindness and your services shows how big of a heart you have for others. Thanks for the 4BTC you are such amazing

    Reply
  • April 3, 2022 at 5:50 am
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    Your act of ☝️⬆️👆 kindness and your services shows how big of a heart you have for others. Thanks for the 4BTC you are such amazing

    Reply
  • April 3, 2022 at 5:50 am
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    Your act of ☝️⬆️👆 kindness and your services shows how big of a heart you have for others. Thanks for the 4BTC you are such amazing

    Reply
  • April 3, 2022 at 5:50 am
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    why do you have a tether from your wrist –> your PC case??

    Reply
  • April 3, 2022 at 5:50 am
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    I was thinking of buying 2 Jasminer's but I need to see if Ethereum stops Proof of Work on June 22 as they are stating. So that purchase was put on hold.

    Reply
  • April 3, 2022 at 5:50 am
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    If you have 10c K/Wh electricity like some parts of the US then it's do-able. Not in the UK though with 39c K/Wh! It's far less hassle and risk just to trade it.

    Reply
  • April 3, 2022 at 5:50 am
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    I don't have 10 3090's I have 8 of them lol
    paid for and all profit now. landed 3 rx 6800's 2 n half months ago for 2100$ out the door. im over a gig hash now after 2 n half years. i started with 1070's n sold them.

    Reply
  • April 3, 2022 at 5:50 am
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    Great video man. I also made a vid on mining with nice hash, doing a small channel plug 🙂 @

    Reply
  • April 3, 2022 at 5:50 am
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    The proud production intringuingly glow because chill optimally trade aside a lacking wilderness. successful, volatile buffet

    Reply
  • April 3, 2022 at 5:50 am
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    Hey man what's that blue thing on your wrist?

    Reply
  • April 3, 2022 at 5:50 am
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    You just described how I got into it. That and building a coupla rigs for friends who had more cash than tekskillz, cause jobs = timesuck. Subbed!

    Reply

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