this nasty mining rig a few weeks ago, cost me a total of fifteenthousand seven hundred seventy four dollars, at that point the price of bitcoin was dancingjust having a good time in the fifty six fifty seven thousand dollar rangeSo under those conditions in the video I said the rig was making around sixty to eightyfive dollars per day and would pay itself of in around two hundred daysThat\’s where we left off in the last video, but after some more optimization and overCOOKING of the GPUs I saw the rig hit numbers as high as one hundred eighty nine dollarsper dayI mean life was good I ordered parts to completely build a second and more powerful rig, I figuredthis was it we’re making it out the hood, me and Drizzy wereHere I was doing my part to decentralize the bitcoin network , I was the king to replaceSatoshi the glue holding the bitcoin ship afloatI even called Susan put in my two week notice but shortly after uploading the video a fewcracks started emerging in my plan and so on my way to the Lambo dealership, I’m replyingand reading through the comments under the video start to realize that the Nvidia thirtyninety GPUs I bought for the rig weren’t ideal for miningThe graphic cards aka GPUs are the most expensive part of the build and are what’s responsiblefor the mining and here you guys are in the comments saying that the type go GPUs I gotare really not the most cost efficient for mining they’re loud and people usually don\’trecommend them for mining purposesI had to make sure I was being trolled so I checked in with one of the bitcoin foundersRichard and sure enough he said the same thing, I should’ve been buying thirty eightieswhich are a lot more efficientThing is tho I really wish I knew that before I orderednow this is isn’t the end of the world, although these aren’t ideal for mining andthey hum pretty loud, they are very powerful GPUs so six of these monsters on one rig whoknows how much its gonna be making per day, all the parts for this rig have now come inso we\’re gonna find that out BUTThe even more pressing issue here is the price of bitcoin, in the last video I mentionedYeah its not pretty uhh I\’m still long bitcoin my actual bitcoin and Ethereum holdings I\’mnot selling cuz almost the full amount is unrealized gains so if I do sell Im gonnahave to hand over half it too mr governmentwhich at this point i\’d rather watch my bitcoin position go go down to zero then sell it,pay half of that money in taxes, and then watch inflation eat up the rest of it as theykeep printing more moneyThe tax system kinda forced the diamond hands mindset on me and I really do just believein bitcoin long term so I’m not selling but what does this new price of the magicorange internet coin mean for the mining operationWell I saw the the profitability of the mine dip as low as I think around twenty nine dollarsper day at which point it would take like five hundred days for this machine to payitself off, which kind of hurtThat\’s definitely not as vibey as having it pay itself off in like a few months but Idid some more thinking and you know what even then, imagine an investment that can giveyou a one hundred percent return in under two years that’s insane, fifty percent peryear returns and when I think about it like that I don’t feel as badNow it was making twenty nine per day at its lowest, currently its around forty five dollarsper day so just under a year for it too pay off at this price which sounds fine to meand who knows where the price of bitcoin is gonna go in a few monthsI got my electricity bill, it only had one week of mining on it so I didn’t get thefull picture but that one week didn’t make the bill anything crazy so the electricitycosts aren’t bad and I’m gonna keep this running as long as the rig covers the electricitybillLet\’s say I mine ten bitcoin over the next three years, the price of bitcoin for thosethree years is fifteen thousand so i\’m just about breaking even during those three years,but let\’s say on the fourth year the price of bitcoin jumps to a hundred thousand wellthen the ten bitcoin I already mined is now worth a lot moreSo the price of bitcoin doesn’t matter to me short term as long I believe in it longterm, now if that changes and I no longer believe in bitcoin and am cashing out everythingI mine then the price fluctuations would affect me a lot moreSo i\’m not mining dollars im mining a set amount of bitcoin per day, i\’m just usingdollars to measure it, hope that was decent explanation but thats my outlook and convictionbehind continuing mining and that said let\’s setup this new absolute unit giga chad ofa rig with all these thirty nineties and see how much its gonna be making and break thosenumbers downNow that this was my second time doing it, the build process was pretty smooth and honestlyvery enjoyable, first up you smack together the frame of the rigThen you screw the motherboard into place using a few special boltsOn to the motherboard you place the CPU and then on top of that you put a CPU fan to keepit coolThen you pop in a couple ram sticks, you could get away with one but the pack I bought hadtwoUp next is your SSD you connect that to the motherboard as well as to your power blockand then you also have to connect the motherboard itself to the power block, I’m using twoblocks cuz I need the extra power so I used a splitter to connect bofa demThen you use a riser to connect your gpu to the motherboard and then also plug that intothe power block, plug a wifi adapter in, keyboard mouse and you are setFinal step you plug the switch and try to power it onThen you tweak the motherboard settings for mining, install windows which I guess youdon’t even need to pirate anymore, I just downloaded it off bill’s website onto aUSB and installed it without a product keyOnce you’re in you download some Nvidia software to recognize the GPUs and once Isaw that everything was running smoothly I then I plugged in the rest of the five thirtyninety graphic cards, updated windows, reinstalled the Nvidia software and boom all of them wereworkingAt that point I download MSI Afterburner to overcook the GPUs make sure they’re runningefficiently and to their full potential and then I downloaded nice hash, pressed playand we were up and runningThat’s the pretty and aesthetic version of how things went, there were a few stepswhere I had to troubleshoot and get jiggy with the wiring and what not but that justgives you an idea of how the build process isNow again I’m mining through nice hash which is the simplest way to do it but I’m notendorsing them by any means, there are a few concerns with itFirst off one of the founders, we’ll cam him M-Treezy for short, was convicted andserved jail time for creating a massive, one of the largest malware viruses back in theday… and here I am downloading his program on to my computer and running it twenty fourseven, a little susBut hey people do change and ever since the man served his sentence he hasn’t reallydone anything foul with nice hash that anyone knows of, so no reason not to trust the servicebut to be on the safe side I am only gonna use the computers I build up for mining, onlyfor mining, and I won’t be logging into anything on themI’m also not gonna let too much of the bitcoin I mine sit on the website, ill be regularlytransferring it over into my wallets, mostly offline to a ledger I’m gonna setup specificallyfor this but also maybe some digital wallets and I think that should pretty much completelysolve that concernBut then other issue is that nice hash is not at all the most efficient way too mine,a lot of you guys were saying I could make a lot more if I switched over to other formsof mining so I definitely wanna do that, I had someone saying I can make ten to twentypercent more which is pretty significantOnly issue is, those forms of mining are not as simple to setup and use and I’ve justhad a busy couple months right now so I haven’t had the chance to sit down and figure allthat out and I’m also just somewhat scared to turn the rigs off just cuz they were slightlya pain to get working and for the computer to register the GPUs correctly and everythingbut switching over from nice hash is definitely on my to do list and I’m probably also gonnaexplore mining coins other than bitcoin which could boost profits even higherA lot of you guys were saying I should mine ethereum but i think im gonna mine somethingwith more serious fundamentals such as DeezNuts coin or Doge coinNow here we are in my boss’s electric vehicle to talk about electricity I’m no greta thunbergbut I do heavily rock with nature so getting some renewable energy to power these rigsand future rigs is something I definitely wanna pursueI\’m not gonna build a windmill in my backyard and I’m not sure yet but probably won’tbe developing a new dam on my street either but installing some solar panels on the roofcould be a great moveAnd on some strictly off the record talk, keemstar if you’re watching this look awaybut I’m not just being a great guy and saving the earth, truth be told I really don’tlike paper straws, and going solar would actually cut down my energy costs long term, afterthe panels are paid off its free electricity from the sun to power the rigsSaving the earth AND cutting energy costs… absolutely hammering two baby rabbits withone stone here, hahaha Greta i\’m sorry please don’t click away I need the watch time tobuy the solar panelsAnyways welcome to my underground lair where I will be performing a fifty one percent hackon bitcoin after which I will give my subscribers fifty million dollars worth of bitcoin eachso please subBut both rigs are currently running, it actually takes a lot of wattage to run these so I normallywould not be able to have them running in the same place like this, the power wouldgive outbut I used to grow illegal substances in this lair so I had special wall sockets installedto power all the lights and now im using those to power the rigs so that worked out nicelynah I’m kidding I had an electrician over to install a special wall socket to chargemy boss’s Tesla and while he was here I had him swing by the underground secret lairto install a socket that can handle extra powerSo that\’s why thats why those are able to run side by side like that but now let\’s talknumbers this new rig cost me eighteen thousand seven hundred thirty seven dollars so I nowhave a total of thirty four thousand invested into this mining operationcurrently with all the GPUs installed and still mining through nice hash they are pullingin a little over a hundred dollars per day and at this rate would pay themselves offin around three hundred daysbut if the price of bitcoin goes back to what it was just a couple weeks ago where justone less powerful rig was doing one forty pretty steadilythen two rigs one of them way more powerful, and especially if I switch over from nicehash, they could very realistically be pulling in like three hundred dollars per day makingthis a six figure per year operation, again if the price goes up to that recent highSo I’m just trynna be respectful towards the pumpreally hope that the price does go up and I’m also working on a partnership with anorganization that may be able to provide me with mining equipment at retail prices whichwould increase profits like crazy, if that works out I’m gonna continue building upthis operation but that\’s it for now hope you guys enjoyed this video and have an amazingrest of your day PEACE