Buying vs. Mining Crypto (Profits compared!)
In this video I go through the difference in profitability for mining crypto vs buying crypto. A lot of people feel like buying crypto like bitcoin or Ethereum is a better way of spending money rather than buying equipment for crypto mining. So in this video I sit down and do the math for how much profit you end up with after 1 year, 2 years and 4 years of either buying or mining crypto. The first example I use is either buying $600 worth of Ethereum or a $600 GPU and mining Ethereum on it. Now, granted, we won't be able to mine Ethereum for that much longer. So I also do a second example of buying $600 of Flux vs a $600 GPU for mining Flux. After watching this video I hope you have a clear picture of if buying or mining crypto is best for you. It goes without saying that nothing in this video is financial advice. Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. 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Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research. ββββββ π©ππππ’ ππ’π‘π§ππ‘π§ 00:00 Is it better to mine or buy crypto? 01:17 What factors affect crypto mining vs trading profits? 02:04 How to compare crypto mining vs crypto trading? 02:40 Ethereum mining vs buying ethereum 03:38 Buying $600 of Eth vs a $600 GPU for mining 04:21 Costs of mining vs buying crypto 05:24 Keep in mind the GPU is an asset worth money! 06:11 Profit after one year of mining vs buying crypto 07:45 What happens after the first year of mining vs buying Eth? 09:17 Profit after 2 years of mining vs buying Ethereum 10:00 What about 4 years of mining vs buying? 10:58 What if the price doesn't go up? 11:28 Does this work for other coins like Flux? 12:30 1 year profits mining vs buying FLUX 12:59 Mining vs buying Flux after 2 years 13:31 4 years of profits mining vs buying Flux 14:02 Summary of why mining crypto is better than buying #miningvsbuying #miningprofit #mining2022 #gpumining #cryptomining #ethereummining #eth #ethmining #btc #bitcoinmining #bitcoin #cryptocurrency #cryptominingrig #GPUMiningRigs #makemoney #miningrig #gpus #passiveincome
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