Crypto Mining Strategy | What Are You Mining?

Welcome Wolf Pack Rabid here and today we're gonna 
be talking about crypto mining strategies what do   i mean by crypto mining strategies pretty much 
exactly how it does sound what are you mining   i want to know what are you guys mining are 
you mining on gpus cpus you mining on asics   and what coin are you mining on them are you 
following the mainstream mine ethereum because   it's the most stable get everything you get before 
proof of stake does come into play or you might   need something else for a potential bigger boom in 
the future let's take a look at some numbers and   see what everything's looking at but again i want 
to know what you guys are mining and why now i did   say wolf pack at the beginning because i'm kind 
of looking for a name for us and our community   you know it's rabid mining and we do have the 
wolf symbol so all you guys are essentially the   wolf pack but let me know i do have the loyal 
rabid mining joint function i'd like to change   that possibly to the wolf pack let me know if 
you guys have better names for our community   let me know in the comments you know we'll do 
a vote on it on discord or something and then   maybe i'll change the loyal rabbit mining over 
to whatever we do come up with and that's what   we'll kind of call our community if you guys are 
into something like that again let me know in the   comments we'll come up with a great name together 
here we are on what to mind which is pretty much   everyone's go-to site when it comes to crypto 
mining and looking at profits we're sitting   at a six card 30 80 rig we're gonna do a quick 
calculate here see if anything did change and   obviously ethereum is number one and it has been 
for a very long time it's very seldom that it does   slip below one of the other coins now what most 
people are currently mining yes ethereum other   people you know they may be mining ergo depending 
on lhr cards now some lhr cards are supposedly   uh getting limited on ergo even ravencoin at 
that matter which is pretty crazy actually so   it's hard to say what future gpus are going to 
look like when it comes to mining but right now   ethereum is number one ethereum is the most mine 
coin when it comes to all the cryptos pretty much   because it's the most popular what makes it the 
most popular it's being used all over the place   it's really easy to cash out every exchange pretty 
much has it every wallet supports it so it is wide   range and used all throughout now what happens 
uh when it comes to say ergo if it moves up you   are limited on exchanges when it comes to volumes 
you're limited on wallets everything's not really   used but again this is another newer project that 
a lot of people are mine and it actually uses less   power so depending on your power price you may be 
mining ergo instead of ethereum for future gains   because this coin could potentially see a bigger 
boom than ethereum can but again we do not know   what's going to happen in the future now probably 
the biggest thing on everybody's mind at this   point is sometime next year supposedly again it 
may be extended we don't really know but that is   the transition of ethereum moving from proof of 
work over to proof of stake and a lot of a lot of   these coins are next front runners but they don't 
really have the capacity to be able to support all   the hash rate coming in from ethereum so here you 
can see it's saying 677 terahash i think when i   actually look on the blockchain it's a little over 
700 terahash now so we got an insane amount of   hash rate on ethereum now let's just take a look 
at ravencoin here for a quick example at today's   market it's at twenty dollars and sixteen cents 
after power now january which is just a few months   away we're set to hit a halving here so we're 
gonna go from a five thousand block reward down to   twenty five hundred so that's a fifty percent 
drop right here so you can see twenty dollars   and sixteen cents we're going to calculate that 
we are now sitting at eight dollars and twenty   eight cents at the current profits again yes uh 
prices should go up based on the having again it   will depend how the crypto market is moving 
is bitcoin going up is bitcoin going down   where we are actually in the market itself but 
technically if everything is going up ravencoin in   theory should see higher prices which again would 
allow this to become a little more profitable now   let's say ethereum does move over to proof of 
stake now we're going to look at a possibly we   could see 15 to 16 times the hash rate coming on 
to say ravencoin so we're going to use this for a   quick example and when we looked at ergo because 
you pretty much double your hash rates at 50   of the hash rate coming in so ergo would almost be 
like times 25 to times 30 the hash rate coming in   and then but that's a different calculation 
on that zone so we're going to go times five   and remember we could see potentially 16 times 
the hash rate coming in and this is just a five   times test so we're gonna look at 530 by 630 of 
the difficulty so this is a five times increase   now on six by thirty eighties we are losing 
a dollar 22 so that's pretty insane again   uh the whole thing could come into play where 
you know the price could dramatically jump up   so if that's the case how much higher can this 
actually go you may be better off mining ravencoin   right now while the block rewards that 5000 before 
all the hash rate hits because look right here   we are only mining where is it we're getting it's 
saying 22 coins per day estimate where previously   here we're getting 224 coins per day estimate 
so should you mine it now and possibly see a way   bigger jump in price in the future or do you keep 
mining ethereum this is a strategy mining towards   the future you are better off mining ravencorn 
right now if you really do think that price is   going to jump up as much as it is because if raven 
coin hits goes 10 times 15 times and ethereum   maybe goes two or three times again like you're 
looking at like what's ethereum at right now 24   2500 3 000 so say it goes to 6 000 so it goes to 9 
000.

That seems pretty high 9 000 ethereum's gonna   be insane but that's only like a two or three 
times increase now ravencoin has to go to at least   a dollar to be fairly profitable that's already 
like a times four or five right there so you're   better off mining ravencoin for the same time 
prediction it's another strategy again everyone   minds their own way now same thing we just talked 
about ravencoin follows into ergo as well now   ergo i'm not 100 sure how the chain is actually 
working it's supposed to be a mixture between like   bitcoin uh ethereum and a privacy coin all in one 
so it's got like the three pluses all wrapped up   into one coin and it's at the fast track its whole 
thing in motion now it's all also being integrated   by the ledger a lot of exchanges are picking this 
thing up so it's coming up and moving with pretty   good and fast momentum so who knows what is on the 
horizon for us another bonus it uses less power   than say ethereum and definitely a lot more less 
power than ravencoin so this is a very efficient   coin to mine but also um on top of that what 
can it do so it has an eight year lifespan now   by lifespan i don't mean it's gonna die in eight 
years what i mean is it's fast track it's using   the same having it's using the same way everything 
on bitcoin is supposed to do and so once it's once   the actual thing started so i think it started 
like a year or two ago and it's set to have an   eight year minting lifespan so by the end of 
eight years it's fast tracking every two years i   think it's going to do a having by the end of all 
it's having in eight years from the initial start   all the coins will be minted and then it will 
only be transactions on the network so that is the   point when you could potentially see the highest 
prices that's what bitcoin is leading up to it   keeps having it gets harder and harder to get that 
coin and eventually all the bitcoin will be minted   and it will only be transactions that is the time 
when bitcoin who knows could hit a million dollars   could hit higher than a million we have no idea 
what could happen but as everything gets harder   and harder to get then ultimately it brings more 
value and everything to its price and it goes up   ergo is one of those it has set the fast track and 
right now it has not seen a halving or anything   yet so do you mind this now for the future profits 
instead of again ethereum or instead of ravencoin   could ergo see potential higher gains than 
ravencoin again another crypto mining strategy   that is mining for the future of what you could 
get today you can get a lot more coins now than   what we're going to get sometime next year so do 
you swap over do you not swap over do you continue   on earth and hopefully it goes to the moon or 
do you do the big gamble what if proof of stake   kind of destroys it crypto miners do bring a 
lot of value to a coin and by value i mean a   lot of use so buying selling mining it selling it 
using it to buy more gear that's going to bring a   lot more use to these coins and potentially see a 
lot more value as well uh crypto mining strategy   let me know what do you guys mind and do anything 
these things look legit that leads me to another   strategy cpu mining now we've been going over and 
showing you how to mine raptorium on said cpus for   the past couple days here and raptorium has 
still been seeing some nice price increases so   uh on my six 3900x rig because i'm making 9251 
rtm per day which works out to be 29.55 per day   cpu mining for only 97 watts per cpu so it is very 
efficient as well as long as you tune your cpu   right but there is a issue when it comes to rtm as 
it's fairly new uh there's not very many wallets   for it it is getting more adapted zelcor you can 
now get a wallet for raptorium through zeldcore   but the exchanges aren't quite there and neither 
is the volume now by volume i mean a lot of people   holding the coin not too many actually buying 
and selling the coin so if say you uh want to go   sell a big lump chum this a lump sum of your 
raptorium and uh you know there's not too many   people selling it or anything you may not may not 
be able to actually sell your raptorium therefore   it's not worth anything because you can't sell 
it's just sitting there so that could potentially   be a misfortune but again nice new project it does 
see some plus coming into it and there's supposed   to be no like smart contracts and everything being 
added in so who knows a year or two down the road   maybe it'll be adapted by a lot more exchanges a 
lot more people and a lot more wallets and it'll   come to more light and more people will be buying 
it which does actually add to the volume and you   will be able to cash out sooner on top of that 
cash out for more because the price will be higher   potentially we all hope so i am still currently 
mining this coin the difficulty has been going   up the difficulty on this coin as you can see now 
has been almost at 10 mega hash up to nine coming   back down so usually when i was mining and i was 
actually getting those rewards of a little over 9   000 per day we were only sitting at a maybe five 
to six mega hash range so i actually dropped down   i'm around the 8 000 per day mark now this does 
say uh 3769 estimated per day but that's because   it's constantly switching algorithms so this could 
jump up to 14 000 down to 2000 so you can't go by   this at least on this pool but uh so i am down to 
probably in the about 8 000 per day range now so   i am noticing a drop because this hash rate is 
definitely picking up on the network making it   more difficult a lot more people are starting to 
mind this but again i'm mining this for the future   i'd like to get up you know maybe a million coins 
or something if raptorium ever hits one two bucks   you never know crypto is crypto you know it's 
a nice cash and again that will only come into   play if i'm able to sell it if i can't sell it 
then you know then it's worthless i will not be   able to do it so you got to keep that in mind on 
newer projects as well moving into the future if   you think they have potential then we're all for 
it more exchanges start adopting it and using it   then you know there will be more volume there 
and you'll be able to cash out easier uh there's   some other coins out here obviously everything 
follows the same type of rules you either mine   for the current prices and you know you're paying 
your power each day each month whatever or you're   mining for the future like i said there's lots 
of other great coins that are looking pretty good   and all the profits now as of 1559 and everything 
everything is starting to look fairly close to   being profitable now all we have to kind 
of look for is what could see potentially   the highest future gains now i don't really 
like talk about conflicts too much not anymore   when they first came out they were like 
beginning of last year mid last year sometime   they were pretty profitable in mining exceeding 
ethereum at times but then they said they promised   they promised for no having or anything within 
two years and they actually 75 did and say you   know it was a community vote so they came out 
said all miners no we will not be having for at   least x amount of years and then they straight 
out went over and over have their coins so   that dramatically dropped all the profitability 
in their coin now they have seen some nice pumps   but again say that pumps up the first a lot 
of people do move over to it they say oh   new coins in first place let's mine it now that 
could hurt you long term so depending how you   are mining the coin and how the pool is doing its 
payouts and everything pay per share or ppl and   s or whatever you kind of have a log built up in 
the back and if you get rid of that and you got to   build it up on another pool now by the time couple 
hours goes by and you actually have it built up   that coin could have dropped and now you're just 
building up you gotta swap back again and start   all over again so you could be losing out trying 
to chase that actual coin and another thing a lot   of people like to mine on nice hash because it 
goes by bids now by bids people bid for your hash   power and then it swaps it to the algorithm that 
they're paying for to get their coins out of now   that could potentially be bad because if too many 
people do move over to nice hash then someone with   a deep pockets and they want to attack a network 
could take that hash rate flood a single network   and attack one of these by having over 51 percent 
the hash rate on a network it has been done   multiple times in the past through knight sash 
so that's another thing to look out for you could   potentially be part of a 51 attack if you use nice 
hash and if a lot enough people do actually move   on to that platform so a little thing to keep in 
the back your head over mining a coin directly   yourself all right guys so that pretty much does 
sum up this video a little bit of crypto mining   strategy again what are you guys mind i just went 
to like pretty much the top three coins i didn't   go through a whole bunch of in-depth stuff but 
let me know in the comments uh what you'd like   to look at what are you mining i would really like 
to know and what kind of coins and values do you   potentially see increasing in the future uh all 
angles are welcome so i'm really curious to hear   thanks for watching guys and rob it out thank 
you for watching everyone if you haven't please   comment subscribe and like this video as well as 
check out one of these other videos if you have   not seen it yet i do try to stream every saturday 
and sunday so stay tuned for more future content

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