SHOULD I JUST SELL IT ALL FOR GPUs?

[Music] hey guys rpim here hope you're doing well having a really great day this video should I be turning off all of my Asic miners right now I have over 15,000 Watts that I'm using currently on these three 30m 240 volt Outlets I'm pretty much pretty much at the 80% rule okay almost on all three of these but the biggest thing is is that I am now basically breaking even on everything and or losing money on a lot of these little Asic Miners And even the big Asic miners as well what would you guys do turn them off swap out the hardware that's what I want to talk about in today's video with you guys and I would love to get your guys' opinion so we'll do that right afterward from today's sponsor wondering what Crypt minor hosting is and why you need it if you're tired of dealing with high heat constant noise and skyrocketing electric bills from running your crypto miners at home we've got the solution welcome to Tera hosting we make crypto mining hassle-free our top tier facilities ensure 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Caspa or mining alium or whatever coin ASC that I'm talking about or talking about maybe getting rid of this is all just talk right now right now the short term I'm probably not going to be getting rid of anything I think we are just in this you know little downturn right now and I'm ultimately bullish on crypto Mining and cryptocurrency in general so with that I know right now everything is quite depressed in price everyone's miners are not making money of course depending on your electric if you had like two or 4 cents you're probably still fine but who realistically has that right only the rich people people that have you know large crypto mining Farms with very low electrical costs but probably have a lot of headro so whatever I'd say it's been quite a bullish year over the past I don't know half year ever since you know Bitcoin started rising up in price and then so that's been a lot of hype recently and now it's kind of the sentiment in the crypto mining game in the scene especially in this in the community here has been dwindling has been going down severely so as the content creator as the YouTuber I see the sentiment right now it's definitely not looking too great so here's my question to all of you are you guys you know turning things off or are you continuing to mine and hold uh what's your situation you know depending on your financial situation do you have a full-time job that you're able to pay for your bills out of pocket you know for me my full-time job is YouTube and so I make money on YouTube and so that's paying for my electricity bill so similar idea for you guys if you guys have a full-time job you're using that money to pay for your electricity and you're probably hodling a lot of the coins and hopes of future price appreciation I mean that's the name of the game that's been the long-term crypto mining strategy for majority of you guys that are probably watching this video right now so it's been quite uh interesting past I don't know year or maybe a couple years for some of you depending on what Hardware you're mining with right like you know are you guys mining with GPU right now you guys know I have all RTX 307s in here that are mining zealous right now I do have some mining Quai a little bit but majority is on zealous as I'm actually still you know little bit profitable on mining zealous on all these a couple cents per 3070 nothing crazy but it's you know funny thing it's doing better than majority of the Asic miners that I have here okay which is you know pretty funny to uh think about actually my Etc A6 the bombb one and the Jazz miners are still making you know a couple bucks a day nothing crazy but these are the most I'd say most profitable Asic miners currently on my rack my ks5 LS my k5m they I'm losing money on those my KS Z Ultras all the ks Pros all losing money right now I do have a ks2 light I think this thing is either just breaking even or losing money but I also have a gold shell Al box that's losing money I have a mini Doge right there I think that's actually that's another a little bit profitable Asic Miner right now uh but yeah just out of the whole shelf it's basically the mini Doge and a few of my Etc hash miners that are still doing okay at my electrical rate and this is a gold shell uh Al box this one is definitely not uh doing well right now okay so yeah this whole shelf right majority of the Shelf I am basically either burning money or I know I did look at it earlier I think yeah everything I'm basically either breaking even or losing just you know a couple bucks a day amongst everything because my ks5 L's are losing a you know a dollar or two a day at my 7 cents electric which is just crazy right I mean it's not crazy we did talk about you know kaspa's Mission schedule we talked about you know with a lot of hash rate been coming on the difficulties Rising but the price of Caspa has been depressing so that doesn't help at all and so at this point in time right like I did I talked to you guys about you know in the other video I got to keep the on because my electrical rate is commercial so I have to keep these on in order to keep up with that demand that my electricity company needs but I wanted to entertain an idea okay and this is just an idea it's not like I'm going to do it now uh I'm I'm just talking about this with you guys openly talking because I am going on a trip so I got to record some extra videos but just a conversation would you guys you know convert everything here into I don't know script miners or should I convert everything into you know eash miners or should should I convert this whole rack into a GPU rack do you guys want to see another RPM GPU rack on that Asic rack so replace all the as6 out there and replace it with like I can buy the PCSB uh octom Miner server cases and then just convert you know this whole shelf into gpus man that would be sick man my I'm shaking my my GPU addiction is is coming into play here but you guys can see here right I have the ability to fill up 3 30m circuits here so I can have another good 15,000 Watts right I can utilize uh for gpus on this shelf instead of as6 but again I'm just entertaining that idea I did have this shelf or this side of the of my garage meant for as6 because of the loud fans cuz I don't have anything else uh you know around this area that's going to affect anybody above here so just entertaining the idea but would you guys you know convert all this at my electrical rate because my gpus they're okay right now I mean right now nothing great right just like my as6 but just entertaining the idea right would you guys convert this whole thing into a GPU rack I think that would be uh that would be pretty cool anyways I'm going on a trip pretty soon so I'm going to think about it and maybe I can I don't know you know selling all this stuff now at like suppressed pricing of you know the coin like Caspa alium whatever the as6 that these can mine right I it's sucks right I I definitely don't want to sell these right now and especially like my time Horizon right I've been mining and hodling a lot of the coins with a lot of these Asic as you all know I've been doing long-term mine and hudle tests on a lot of these Asic miners so it wouldn't be prudent for me to sell this stuff now because that means you know the test would be done and I wouldn't see it play out you know over the course of you know the time Horizon for a lot of you guys that are mining and hodling it's going to be longer than you know you know at least 6 months or a year but it's going to be at least you know 2 years maybe I won't hit break even on a lot of this stuff until maybe the next runup I don't know when that's going to happen it could be the next couple weeks could be the next couple months could be in the next year here but just talking about how you know short lived you know mining profitability has been on these Asic miners I mean we all saw it coming with kaspa I talked about this a year ago we've all talked about this throughout you know I've made many Caspa videos talking about the risks of buying these right we all talked about the emission schedule the rising hash rate a lot of companies are getting in mining Caspa we talked about Mara that was you know selling Caspa to get more BTC so it's interesting to see all this play out now right of course now but what if Casper went up next week next couple months next year who knows right so I'm willing to stay with this stuff to see if that actually plays out and that's why I'm still having majority of this stuff on like I said because of my electrical rate and my demand I need to keep up with the demand so I don't have current Hardware right now that I could you know swap out all this stuff easily you know unless I bought like all l9s do I want to buy L9 right now definitely not I don't want to buy L9 for like you know 12 $15,000 at current prices right now even with Doge being 2 cents as a recording the prices haven't really come down for a lot of this stuff so it just doesn't make sense you know right now especially the profitability right now has been tanking on a lot of this stuff anyways I just wanted to entertain this idea let me know down what would you guys do currently right at my situation here would you turn off or if you're a residential Miner let's say are you guys turning off right now waiting for things to you know price appreciate or are you going to keep mining through during this time when there's blood in the streets right that is the time to you know continue on continue mining or even to buy the coin right because it's cheaper than you know paying for the electricity that you're wasting versus uh what you're yielding on these you could get a lot more of the coin versus what you're going to pay on electric I know a lot of people do that personally I don't do that I like mining better all right let me know your guys' thoughts I'll see you on the next video smash that like hit subscribe I'll see you on the next one have a good one peace out peace out yeah uh I'm probably you know I'm probably just going to give give everything away like all these are going to go probably pretty soon pretty soon maybe when I hit 300K Subs

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