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