Should I Mine Crypto With My Gaming PC? | Hashpower Academy

Video Transcript:

a curious question of the day could I use my gaming PC to mine crypto that is to use the GPU from your machine as a way of processing and performing calculations and functions related on a global network to generate digital value that is that you’ll have an electrical input to perform and create some form of compute power to make some form of economic digital value now Bitcoin mining is the clear case example for this compared to GPU mining say with your gaming PC that all around the world there are people actively seeking the cheapest electricity the most efficient machines to produce compute power to mine the next block in the chain and earn the Bitcoin and these two sectors of energy and finance are always in a duopoly with compute in the middle now with you at home with your residential electricity rate and your market bought retail priced hardware uh yes you have the ability to generate some income but it probably won’t be profitable compared to the amount of thermal damage that you’ll cause your components of your computer you might have to change around and overclock the GPU as well to find any form of general rate of income per day that’s reasonable and the bare market is just not going to be favorable to you so you’d have to autocon convert anything you earn into a harder digital asset such as Bitcoin but the overall gist of this is it’s not worth your time you’re going to risk creating a lot more heat as well with your computer and going through all of the process of overclocking your GPU could damage it and then you wouldn’t be able to play your games and these sorts of things make it a justified thing that unless you’re at the scale of buying GPUs at a wholesale market price just like Bitcoin miners they like to buy in bulk to get a lower price because bigger orders means better prices which means higher Bitcoin yield now I assume that you’re not going to be racking up hundreds of GPUs in rows and wiring them all together and finding industrial scale cheap electricity to actually generate a higher economic return per kilowatt versus the amount of electrical bill per kilowatt and so all of these sorts of things come into tandem where you’re trying to generate an income in a highly competitive industry of energy input and revenue output based on the profitability and efficiency of your computers now I suggest to most people to explore different things such as hosted Bitcoin mining you get the combination of a standardized industry that by the time that you receive your machine hosted in a warehouse well it’s not going to dump its price and value because the problem with a lot of crypto mining is by the time you receive your machine the actual profitability of mining that particular crypto coin has probably collapsed to nothing and it was waste it was a waste of money to buy the computer and a waste of money to actually set it up and consume electricity because you would just be mining at a loss that is to say that your residential electricity rate may be 15 cents a kilowatt hour but you’ll only be earning 10 cents a kilowatt hour turning the machine on is literally costing you money versus Bitcoin mining where they may source the electricity at industrial scale at say 5 cents a kilowatt hour convert it into compute power convert it into blocks and make about say 10 to 20 cents per kilowatt hour it’s all about the margin and that margin is based on efficiency and that efficiency deres a higher cost to buy the computer now you don’t want to be using your expensive GPU at the risk of potentially burning it out and well it being broken so that was the long form answer of no I don’t recommend it