WEBVTT

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do you like money better yet do you like free money well the value of ethereum

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and other cryptocurrencies has rocketed so high that even if you're running an

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older pc it could be worthwhile for you to start mining while your system is

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idle so nice hash sponsored this video

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where we'll be showing you guys how you can mine on your existing hardware as an

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easy way to make a couple of bucks with almost no downside especially while the

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weather's cold and you'd be paying to heat your house anyway

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you're probably already familiar with cryptocurrencies decentralized digital

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currencies with no direct tie to government issue notes or coins

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particularly if you already watched our mining series from a few years ago but

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how many of you are actually doing something about it particularly those of

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you with a graphics card that has six gigs of memory or more it may come as a

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surprise but if your power rates are cheap enough thank you pc hydra it's

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gotten really really easy to tune your system to profitably mine crypto when it

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would otherwise not be doing anything and conveniently it's still winter and a

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gaming rig is actually no less efficient for heating your house than an electric

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heater would be but then there is the question of why bother didn't bitcoin

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just have a major correction and we have no way of knowing what's going to happen

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to ethereum now that e2 is live sure

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but there's also almost a two-year window for you to mine ethereum normally

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until it's supposed to fully transition to a proof-of-stake system rather than

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proof of work and yeah bitcoin is

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currently down but also sometimes it

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goes up so if the whole setup can be done in less than an hour which it can it's

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probably not a bad idea like subscribing not a bad idea don't miss our upcoming

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GPU reviews now nice hash miner has been available for years now but it's also

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been a few years since we've talked about it and they've made some pretty cool changes in a nutshell nice hash

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built a system where you essentially sell your computing power to the highest

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bidder who then uses it to mine a specific coin

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they get the coins that are generated and you get paid in bitcoin based on

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current market rates this is really helpful for folks who are looking to

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acquire bitcoin since bitcoin now requires asics to be mined effectively

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and of course if you want something else other than doge you can trade for it on

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the exchange now nice hash isn't the only option and large scale commercial

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mining operations wouldn't use it but

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frankly we don't have much interest in helping those guys and nicehash has been

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our tool of choice for small time personal mining for ages now one of the

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reasons is that pretty much every piece of mining software requires you to

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either turn off your antivirus for all third-party algorithms or allow

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absolutely everything through both of which are obvious security risks

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by contrast nicehash's new quick miner is digitally signed and doesn't require

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any third party software for overclocking under volting or mining and

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since it only uses their in-house developed excavator miner and oc tuner

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you don't have to grant permissions to any suspicious software for those of you

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who are concerned about security risks this should be a huge load off your mind

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of course it does come with a drawback with nicehash's traditional miner you

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can swap algorithms on the fly to make a bit more money by targeting the

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algorithm with the highest payout quick miner only mines ethereum using dagger

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hashimoto with that being said ethereum is currently dominating the market so it

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shouldn't be a huge deal for the moment one of the other big concerns that

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gamers have about mining is of course wear and tear on their especially right

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now expensive graphics card now as we

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demonstrated a few years back there is no performance difference between a worn

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out GPU and one that's brand new at least as long as everything else is

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equal the challenge here is that modern graphics cards dynamically adjust

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parameters that do affect performance like core clock according to thermal and

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power limits and here's the thing silicon does degrade over time and the

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more heat and the more voltage the faster it degrades so we want to

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minimize both of those things that's where quickminer's built-in

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automatic GPU tuning functionality comes in so all we got to do is go to

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nicehash.com my slash mining slash rigs

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and there's a yellow optimize button here this is pretty sweet so you can

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either light or medium optimize let's just go

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light mode and then you can probably actually hear the fan profile change

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over there but that's not the only thing that's happening

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at the same time it's going to undervolt

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and overclock the video memory to maximize the efficiency of the card um

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actually they're reducing the core clock and then

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reducing the power target to match demand

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it's not quite undervolting but i mean i

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guess it's close enough they'll be getting to that a little bit later now

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it only works with 20 and 30 series NVIDIA gpus at least for now

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but as long as you have at least 6 gigs of vram you can also use their guides to

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manually tune your 10 series card it should be noted that for now AMD cards

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require an alternative overclocking utility if you want even more efficiency

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or if you're like i'm heating my basement with this thing

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who cares you can right click the system tray go to oc tune

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and go all the way down to the bottom this auto tune right here should be able

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to get you either slightly better efficiency or maximum balls to the wall

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speed if you want to play around manually you can do that as well and

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nicehash has a full set of guides that you can check out on their website based

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on the method we just showed you guys we're sitting pretty at around five

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dollars per day of bitcoin that is depending of course on current prices

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which isn't at the point where i would recommend spending scalper prices on a

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new GPU hoping to make back your investment but

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as my grandpappy always said you can never have enough free money to spend at

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lttstore.com he's right you know great water bottles

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over there by the way before you leave we do want to offer one final bit of

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advice not about tuning your rig or buying graphics cards but about wallets

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if you're going to hold any amount of cryptocurrency we would strongly

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encourage you to get some sort of hard wallet or your own digital wallet that

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you control because whole crypto exchanges have basically vanished

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overnight and you never know who's going to get ddosed or hacked or have their

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founder die next so it's always best to

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keep your own coin safe with yourself

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now in the interest of full disclosure nicehash was actually hacked a couple of

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years ago however unlike most other services and exchanges

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they actually used their own money to eventually pay back everyone who had any

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crypt to go missing in full during the attack which is actually the only reason

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that we were comfortable working with them on this project because remember

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guys it's not your mistakes that define you it's how you handle the fallout

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after just like i would never make the mistake of not telling you about our

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sponsor nice hash if you guys haven't figured it out yet it makes it easy to

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turn your pc into a mining machine no registration is needed and they even act

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as an exchange so you can trade your coins into other cryptocurrencies you

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get paid in bitcoin every four hours and their quick miner was made completely

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in-house to make it safer and easier to use than ever so to learn more and

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register today check out the link down below how many of you are already mining

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with nicehash or another service by the way leave a comment below and if you

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haven't already make sure you check out our mining adventure series from a few

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years back it's obviously a little older now but there's

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still a ton of really good information in there about cryptocurrency and mining