{"video_id":"swOj0wvuCO8","title":"Mine Crypto Before It's Too Late! - NiceHash QuickMiner Showcase","channel":"Linus Tech Tips","show":"Linus Tech Tips","published_at":"2021-05-05T14:53:29Z","duration_s":481,"segments":[{"start_s":0.08,"end_s":7.839,"text":"do you like money better yet do you like free money well the value of ethereum","speaker":null,"is_sponsor":0},{"start_s":5.6,"end_s":12.8,"text":"and other cryptocurrencies has rocketed so high that even if you're running an","speaker":null,"is_sponsor":0},{"start_s":10.4,"end_s":18.72,"text":"older pc it could be worthwhile for you to start mining while your system is","speaker":null,"is_sponsor":0},{"start_s":15.36,"end_s":20.72,"text":"idle so nice hash sponsored this video","speaker":null,"is_sponsor":0},{"start_s":18.72,"end_s":25.68,"text":"where we'll be showing you guys how you can mine on your existing hardware as an","speaker":null,"is_sponsor":0},{"start_s":23.439,"end_s":29.76,"text":"easy way to make a couple of bucks with almost no downside especially while the","speaker":null,"is_sponsor":0},{"start_s":28.24,"end_s":33.359,"text":"weather's cold and you'd be paying to heat your house anyway","speaker":null,"is_sponsor":0},{"start_s":40.8,"end_s":47.6,"text":"you're probably already familiar with cryptocurrencies decentralized digital","speaker":null,"is_sponsor":0},{"start_s":45.28,"end_s":51.68,"text":"currencies with no direct tie to government issue notes or coins","speaker":null,"is_sponsor":0},{"start_s":49.52,"end_s":56.239,"text":"particularly if you already watched our mining series from a few years ago but","speaker":null,"is_sponsor":0},{"start_s":54.399,"end_s":59.92,"text":"how many of you are actually doing something about it particularly those of","speaker":null,"is_sponsor":0},{"start_s":58.0,"end_s":63.84,"text":"you with a graphics card that has six gigs of memory or more it may come as a","speaker":null,"is_sponsor":0},{"start_s":62.32,"end_s":68.56,"text":"surprise but if your power rates are cheap enough thank you pc hydra it's","speaker":null,"is_sponsor":0},{"start_s":66.0,"end_s":73.439,"text":"gotten really really easy to tune your system to profitably mine crypto when it","speaker":null,"is_sponsor":0},{"start_s":70.88,"end_s":79.119,"text":"would otherwise not be doing anything and conveniently it's still winter and a","speaker":null,"is_sponsor":0},{"start_s":76.88,"end_s":82.72,"text":"gaming rig is actually no less efficient for heating your house than an electric","speaker":null,"is_sponsor":0},{"start_s":80.72,"end_s":87.2,"text":"heater would be but then there is the question of why bother didn't bitcoin","speaker":null,"is_sponsor":0},{"start_s":84.64,"end_s":91.759,"text":"just have a major correction and we have no way of knowing what's going to happen","speaker":null,"is_sponsor":0},{"start_s":88.56,"end_s":94.24,"text":"to ethereum now that e2 is live sure","speaker":null,"is_sponsor":0},{"start_s":91.759,"end_s":97.759,"text":"but there's also almost a two-year window for you to mine ethereum normally","speaker":null,"is_sponsor":0},{"start_s":96.079,"end_s":102.96,"text":"until it's supposed to fully transition to a proof-of-stake system rather than","speaker":null,"is_sponsor":0},{"start_s":99.92,"end_s":106.159,"text":"proof of work and yeah bitcoin is","speaker":null,"is_sponsor":0},{"start_s":102.96,"end_s":107.2,"text":"currently down but also sometimes it","speaker":null,"is_sponsor":0},{"start_s":106.159,"end_s":114.32,"text":"goes up so if the whole setup can be done in less than an hour which it can it's","speaker":null,"is_sponsor":0},{"start_s":111.6,"end_s":118.479,"text":"probably not a bad idea like subscribing not a bad idea don't miss our upcoming","speaker":null,"is_sponsor":0},{"start_s":116.0,"end_s":122.24,"text":"GPU reviews now nice hash miner has been available for years now but it's also","speaker":null,"is_sponsor":0},{"start_s":120.88,"end_s":127.759,"text":"been a few years since we've talked about it and they've made some pretty cool changes in a nutshell nice hash","speaker":null,"is_sponsor":0},{"start_s":126.0,"end_s":131.44,"text":"built a system where you essentially sell your computing power to the highest","speaker":null,"is_sponsor":0},{"start_s":129.52,"end_s":134.4,"text":"bidder who then uses it to mine a specific coin","speaker":null,"is_sponsor":0},{"start_s":132.72,"end_s":138.08,"text":"they get the coins that are generated and you get paid in bitcoin based on","speaker":null,"is_sponsor":0},{"start_s":136.319,"end_s":141.76,"text":"current market rates this is really helpful for folks who are looking to","speaker":null,"is_sponsor":0},{"start_s":139.44,"end_s":146.239,"text":"acquire bitcoin since bitcoin now requires asics to be mined effectively","speaker":null,"is_sponsor":0},{"start_s":144.239,"end_s":150.239,"text":"and of course if you want something else other than doge you can trade for it on","speaker":null,"is_sponsor":0},{"start_s":148.239,"end_s":155.68,"text":"the exchange now nice hash isn't the only option and large scale commercial","speaker":null,"is_sponsor":0},{"start_s":152.64,"end_s":157.28,"text":"mining operations wouldn't use it but","speaker":null,"is_sponsor":0},{"start_s":155.68,"end_s":162.08,"text":"frankly we don't have much interest in helping those guys and nicehash has been","speaker":null,"is_sponsor":0},{"start_s":160.08,"end_s":167.36,"text":"our tool of choice for small time personal mining for ages now one of the","speaker":null,"is_sponsor":0},{"start_s":164.8,"end_s":171.76,"text":"reasons is that pretty much every piece of mining software requires you to","speaker":null,"is_sponsor":0},{"start_s":169.12,"end_s":176.56,"text":"either turn off your antivirus for all third-party algorithms or allow","speaker":null,"is_sponsor":0},{"start_s":174.48,"end_s":181.44,"text":"absolutely everything through both of which are obvious security risks","speaker":null,"is_sponsor":0},{"start_s":179.28,"end_s":184.959,"text":"by contrast nicehash's new quick miner is digitally signed and doesn't require","speaker":null,"is_sponsor":0},{"start_s":183.44,"end_s":190.0,"text":"any third party software for overclocking under volting or mining and","speaker":null,"is_sponsor":0},{"start_s":188.08,"end_s":194.239,"text":"since it only uses their in-house developed excavator miner and oc tuner","speaker":null,"is_sponsor":0},{"start_s":192.56,"end_s":198.4,"text":"you don't have to grant permissions to any suspicious software for those of you","speaker":null,"is_sponsor":0},{"start_s":196.4,"end_s":203.599,"text":"who are concerned about security risks this should be a huge load off your mind","speaker":null,"is_sponsor":0},{"start_s":200.879,"end_s":208.72,"text":"of course it does come with a drawback with nicehash's traditional miner you","speaker":null,"is_sponsor":0},{"start_s":205.92,"end_s":212.239,"text":"can swap algorithms on the fly to make a bit more money by targeting the","speaker":null,"is_sponsor":0},{"start_s":210.239,"end_s":217.519,"text":"algorithm with the highest payout quick miner only mines ethereum using dagger","speaker":null,"is_sponsor":0},{"start_s":214.64,"end_s":221.92,"text":"hashimoto with that being said ethereum is currently dominating the market so it","speaker":null,"is_sponsor":0},{"start_s":219.68,"end_s":225.36,"text":"shouldn't be a huge deal for the moment one of the other big concerns that","speaker":null,"is_sponsor":0},{"start_s":223.28,"end_s":230.959,"text":"gamers have about mining is of course wear and tear on their especially right","speaker":null,"is_sponsor":0},{"start_s":227.76,"end_s":233.04,"text":"now expensive graphics card now as we","speaker":null,"is_sponsor":0},{"start_s":230.959,"end_s":238.48,"text":"demonstrated a few years back there is no performance difference between a worn","speaker":null,"is_sponsor":0},{"start_s":235.76,"end_s":243.36,"text":"out GPU and one that's brand new at least as long as everything else is","speaker":null,"is_sponsor":0},{"start_s":240.56,"end_s":248.0,"text":"equal the challenge here is that modern graphics cards dynamically adjust","speaker":null,"is_sponsor":0},{"start_s":245.519,"end_s":252.64,"text":"parameters that do affect performance like core clock according to thermal and","speaker":null,"is_sponsor":0},{"start_s":250.159,"end_s":258.239,"text":"power limits and here's the thing silicon does degrade over time and the","speaker":null,"is_sponsor":0},{"start_s":255.92,"end_s":262.72,"text":"more heat and the more voltage the faster it degrades so we want to","speaker":null,"is_sponsor":0},{"start_s":260.32,"end_s":266.32,"text":"minimize both of those things that's where quickminer's built-in","speaker":null,"is_sponsor":0},{"start_s":264.24,"end_s":270.88,"text":"automatic GPU tuning functionality comes in so all we got to do is go to","speaker":null,"is_sponsor":0},{"start_s":267.759,"end_s":272.639,"text":"nicehash.com my slash mining slash rigs","speaker":null,"is_sponsor":0},{"start_s":270.88,"end_s":277.04,"text":"and there's a yellow optimize button here this is pretty sweet so you can","speaker":null,"is_sponsor":0},{"start_s":274.56,"end_s":280.56,"text":"either light or medium optimize let's just go","speaker":null,"is_sponsor":0},{"start_s":278.32,"end_s":284.24,"text":"light mode and then you can probably actually hear the fan profile change","speaker":null,"is_sponsor":0},{"start_s":282.4,"end_s":288.639,"text":"over there but that's not the only thing that's happening","speaker":null,"is_sponsor":0},{"start_s":285.6,"end_s":291.12,"text":"at the same time it's going to undervolt","speaker":null,"is_sponsor":0},{"start_s":288.639,"end_s":295.52,"text":"and overclock the video memory to maximize the efficiency of the card um","speaker":null,"is_sponsor":0},{"start_s":294.4,"end_s":300.24,"text":"actually they're reducing the core clock and then","speaker":null,"is_sponsor":0},{"start_s":298.16,"end_s":304.32,"text":"reducing the power target to match demand","speaker":null,"is_sponsor":0},{"start_s":301.28,"end_s":305.919,"text":"it's not quite undervolting but i mean i","speaker":null,"is_sponsor":0},{"start_s":304.32,"end_s":310.479,"text":"guess it's close enough they'll be getting to that a little bit later now","speaker":null,"is_sponsor":0},{"start_s":307.759,"end_s":315.12,"text":"it only works with 20 and 30 series NVIDIA gpus at least for now","speaker":null,"is_sponsor":0},{"start_s":312.96,"end_s":320.08,"text":"but as long as you have at least 6 gigs of vram you can also use their guides to","speaker":null,"is_sponsor":0},{"start_s":317.6,"end_s":324.24,"text":"manually tune your 10 series card it should be noted that for now AMD cards","speaker":null,"is_sponsor":0},{"start_s":322.32,"end_s":328.56,"text":"require an alternative overclocking utility if you want even more efficiency","speaker":null,"is_sponsor":0},{"start_s":326.96,"end_s":332.32,"text":"or if you're like i'm heating my basement with this thing","speaker":null,"is_sponsor":0},{"start_s":330.0,"end_s":337.28,"text":"who cares you can right click the system tray go to oc tune","speaker":null,"is_sponsor":0},{"start_s":334.96,"end_s":341.12,"text":"and go all the way down to the bottom this auto tune right here should be able","speaker":null,"is_sponsor":0},{"start_s":339.6,"end_s":345.52,"text":"to get you either slightly better efficiency or maximum balls to the wall","speaker":null,"is_sponsor":0},{"start_s":344.0,"end_s":349.199,"text":"speed if you want to play around manually you can do that as well and","speaker":null,"is_sponsor":0},{"start_s":347.52,"end_s":352.4,"text":"nicehash has a full set of guides that you can check out on their website based","speaker":null,"is_sponsor":0},{"start_s":350.88,"end_s":356.32,"text":"on the method we just showed you guys we're sitting pretty at around five","speaker":null,"is_sponsor":0},{"start_s":354.08,"end_s":359.28,"text":"dollars per day of bitcoin that is depending of course on current prices","speaker":null,"is_sponsor":0},{"start_s":358.479,"end_s":364.96,"text":"which isn't at the point where i would recommend spending scalper prices on a","speaker":null,"is_sponsor":0},{"start_s":362.479,"end_s":368.639,"text":"new GPU hoping to make back your investment but","speaker":null,"is_sponsor":0},{"start_s":366.479,"end_s":372.8,"text":"as my grandpappy always said you can never have enough free money to spend at","speaker":null,"is_sponsor":0},{"start_s":370.72,"end_s":376.8,"text":"lttstore.com he's right you know great water bottles","speaker":null,"is_sponsor":0},{"start_s":374.56,"end_s":380.479,"text":"over there by the way before you leave we do want to offer one final bit of","speaker":null,"is_sponsor":0},{"start_s":378.4,"end_s":385.919,"text":"advice not about tuning your rig or buying graphics cards but about wallets","speaker":null,"is_sponsor":0},{"start_s":383.919,"end_s":389.68,"text":"if you're going to hold any amount of cryptocurrency we would strongly","speaker":null,"is_sponsor":0},{"start_s":387.759,"end_s":394.88,"text":"encourage you to get some sort of hard wallet or your own digital wallet that","speaker":null,"is_sponsor":0},{"start_s":392.56,"end_s":399.44,"text":"you control because whole crypto exchanges have basically vanished","speaker":null,"is_sponsor":0},{"start_s":397.199,"end_s":406.08,"text":"overnight and you never know who's going to get ddosed or hacked or have their","speaker":null,"is_sponsor":0},{"start_s":402.479,"end_s":409.28,"text":"founder die next so it's always best to","speaker":null,"is_sponsor":0},{"start_s":406.08,"end_s":411.039,"text":"keep your own coin safe with yourself","speaker":null,"is_sponsor":0},{"start_s":409.28,"end_s":415.28,"text":"now in the interest of full disclosure nicehash was actually hacked a couple of","speaker":null,"is_sponsor":0},{"start_s":413.28,"end_s":420.56,"text":"years ago however unlike most other services and exchanges","speaker":null,"is_sponsor":0},{"start_s":418.24,"end_s":425.12,"text":"they actually used their own money to eventually pay back everyone who had any","speaker":null,"is_sponsor":0},{"start_s":422.88,"end_s":429.039,"text":"crypt to go missing in full during the attack which is actually the only reason","speaker":null,"is_sponsor":0},{"start_s":427.759,"end_s":433.039,"text":"that we were comfortable working with them on this project because remember","speaker":null,"is_sponsor":0},{"start_s":431.12,"end_s":437.52,"text":"guys it's not your mistakes that define you it's how you handle the fallout","speaker":null,"is_sponsor":0},{"start_s":434.96,"end_s":441.12,"text":"after just like i would never make the mistake of not telling you about our","speaker":null,"is_sponsor":0},{"start_s":439.199,"end_s":446.0,"text":"sponsor nice hash if you guys haven't figured it out yet it makes it easy to","speaker":null,"is_sponsor":0},{"start_s":443.28,"end_s":449.84,"text":"turn your pc into a mining machine no registration is needed and they even act","speaker":null,"is_sponsor":0},{"start_s":448.319,"end_s":454.479,"text":"as an exchange so you can trade your coins into other cryptocurrencies you","speaker":null,"is_sponsor":0},{"start_s":452.08,"end_s":458.319,"text":"get paid in bitcoin every four hours and their quick miner was made completely","speaker":null,"is_sponsor":0},{"start_s":456.4,"end_s":462.16,"text":"in-house to make it safer and easier to use than ever so to learn more and","speaker":null,"is_sponsor":0},{"start_s":460.16,"end_s":466.24,"text":"register today check out the link down below how many of you are already mining","speaker":null,"is_sponsor":0},{"start_s":464.24,"end_s":470.479,"text":"with nicehash or another service by the way leave a comment below and if you","speaker":null,"is_sponsor":0},{"start_s":468.72,"end_s":474.08,"text":"haven't already make sure you check out our mining adventure series from a few","speaker":null,"is_sponsor":0},{"start_s":472.24,"end_s":477.68,"text":"years back it's obviously a little older now but there's","speaker":null,"is_sponsor":0},{"start_s":475.759,"end_s":482.479,"text":"still a ton of really good information in there about cryptocurrency and mining","speaker":null,"is_sponsor":0}],"full_text":"do you like money better yet do you like free money well the value of ethereum and other cryptocurrencies has rocketed so high that even if you're running an older pc it could be worthwhile for you to start mining while your system is idle so nice hash sponsored this video where we'll be showing you guys how you can mine on your existing hardware as an easy way to make a couple of bucks with almost no downside especially while the weather's cold and you'd be paying to heat your house anyway you're probably already familiar with cryptocurrencies decentralized digital currencies with no direct tie to government issue notes or coins particularly if you already watched our mining series from a few years ago but how many of you are actually doing something about it particularly those of you with a graphics card that has six gigs of memory or more it may come as a surprise but if your power rates are cheap enough thank you pc hydra it's gotten really really easy to tune your system to profitably mine crypto when it would otherwise not be doing anything and conveniently it's still winter and a gaming rig is actually no less efficient for heating your house than an electric heater would be but then there is the question of why bother didn't bitcoin just have a major correction and we have no way of knowing what's going to happen to ethereum now that e2 is live sure but there's also almost a two-year window for you to mine ethereum normally until it's supposed to fully transition to a proof-of-stake system rather than proof of work and yeah bitcoin is currently down but also sometimes it goes up so if the whole setup can be done in less than an hour which it can it's probably not a bad idea like subscribing not a bad idea don't miss our upcoming GPU reviews now nice hash miner has been available for years now but it's also been a few years since we've talked about it and they've made some pretty cool changes in a nutshell nice hash built a system where you essentially sell your computing power to the highest bidder who then uses it to mine a specific coin they get the coins that are generated and you get paid in bitcoin based on current market rates this is really helpful for folks who are looking to acquire bitcoin since bitcoin now requires asics to be mined effectively and of course if you want something else other than doge you can trade for it on the exchange now nice hash isn't the only option and large scale commercial mining operations wouldn't use it but frankly we don't have much interest in helping those guys and nicehash has been our tool of choice for small time personal mining for ages now one of the reasons is that pretty much every piece of mining software requires you to either turn off your antivirus for all third-party algorithms or allow absolutely everything through both of which are obvious security risks by contrast nicehash's new quick miner is digitally signed and doesn't require any third party software for overclocking under volting or mining and since it only uses their in-house developed excavator miner and oc tuner you don't have to grant permissions to any suspicious software for those of you who are concerned about security risks this should be a huge load off your mind of course it does come with a drawback with nicehash's traditional miner you can swap algorithms on the fly to make a bit more money by targeting the algorithm with the highest payout quick miner only mines ethereum using dagger hashimoto with that being said ethereum is currently dominating the market so it shouldn't be a huge deal for the moment one of the other big concerns that gamers have about mining is of course wear and tear on their especially right now expensive graphics card now as we demonstrated a few years back there is no performance difference between a worn out GPU and one that's brand new at least as long as everything else is equal the challenge here is that modern graphics cards dynamically adjust parameters that do affect performance like core clock according to thermal and power limits and here's the thing silicon does degrade over time and the more heat and the more voltage the faster it degrades so we want to minimize both of those things that's where quickminer's built-in automatic GPU tuning functionality comes in so all we got to do is go to nicehash.com my slash mining slash rigs and there's a yellow optimize button here this is pretty sweet so you can either light or medium optimize let's just go light mode and then you can probably actually hear the fan profile change over there but that's not the only thing that's happening at the same time it's going to undervolt and overclock the video memory to maximize the efficiency of the card um actually they're reducing the core clock and then reducing the power target to match demand it's not quite undervolting but i mean i guess it's close enough they'll be getting to that a little bit later now it only works with 20 and 30 series NVIDIA gpus at least for now but as long as you have at least 6 gigs of vram you can also use their guides to manually tune your 10 series card it should be noted that for now AMD cards require an alternative overclocking utility if you want even more efficiency or if you're like i'm heating my basement with this thing who cares you can right click the system tray go to oc tune and go all the way down to the bottom this auto tune right here should be able to get you either slightly better efficiency or maximum balls to the wall speed if you want to play around manually you can do that as well and nicehash has a full set of guides that you can check out on their website based on the method we just showed you guys we're sitting pretty at around five dollars per day of bitcoin that is depending of course on current prices which isn't at the point where i would recommend spending scalper prices on a new GPU hoping to make back your investment but as my grandpappy always said you can never have enough free money to spend at lttstore.com he's right you know great water bottles over there by the way before you leave we do want to offer one final bit of advice not about tuning your rig or buying graphics cards but about wallets if you're going to hold any amount of cryptocurrency we would strongly encourage you to get some sort of hard wallet or your own digital wallet that you control because whole crypto exchanges have basically vanished overnight and you never know who's going to get ddosed or hacked or have their founder die next so it's always best to keep your own coin safe with yourself now in the interest of full disclosure nicehash was actually hacked a couple of years ago however unlike most other services and exchanges they actually used their own money to eventually pay back everyone who had any crypt to go missing in full during the attack which is actually the only reason that we were comfortable working with them on this project because remember guys it's not your mistakes that define you it's how you handle the fallout after just like i would never make the mistake of not telling you about our sponsor nice hash if you guys haven't figured it out yet it makes it easy to turn your pc into a mining machine no registration is needed and they even act as an exchange so you can trade your coins into other cryptocurrencies you get paid in bitcoin every four hours and their quick miner was made completely in-house to make it safer and easier to use than ever so to learn more and register today check out the link down below how many of you are already mining with nicehash or another service by the way leave a comment below and if you haven't already make sure you check out our mining adventure series from a few years back it's obviously a little older now but there's still a ton of really good information in there about cryptocurrency and mining"}