Uploaded January 2021 | Updated September 2026, 1 week ago

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In this video, I explain to you what Cryptocurrency Mining is in plain English and I also go over the main impacts on your profits, different types of rigs, and as well as EIP-1559 and ETH 2.0.

⌚ Timestamps:
00:00 - Intro
00:33 - Cryptocurrency Explained
02:10 - Mining Explained
02:23 - Proof Of Stake vs Proof Of Work
02:23 - Proof Of Work In-Depth
04:02 - Different Types Of Mining Rigs
06:04 - Different Types Of Mining Services
09:03 - What Impacts Your Mining Profits
14:50 - Giveaway Winners - CONGRATS!
16:17 - EIP-1559 & ETH 2.0
19:01 - Wrap-up & Outro

Congrats to the giveaway winners!!

⭐GPU Mining Rig Buying Guide: youtu.be/hNqs3Fn8TNo
⭐Ways To Sell Crypto: youtu.be/EDyXRf_Ug_U
⭐Ways To Buy Crypto: youtu.be/G6y2g_DSpaw
⭐Where To Store Your Crypto: youtu.be/Ltr_Llcg6GY

🔗 Links & Resources:
• BitsBeTrippin Video: youtu.be/rfU-Mm3L2Yc
• Vote here for the EIP-1559: twitter.com/etherchain_org/status/1350005105811197952
• ASICs Profitability List: asicminervalue.com
• Proof Of Stake Info: investopedia.com/terms/p/proof-stake-pos.asp
• Coins Market Cap: coinmarketcap.com
• Mining Pool Stats: https://miningpoolstats.stream/
• Hashrate Explanation: coinsutra.com/hash-rate-or-hash-power
• DAG Size Calculator: minerstat.com/dag-size-calculator
• Ethereum Block Rewards: etherscan.io/blocks?p=1
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⚠️ PLEASE BEWARE OF SCAMMERS IN THE COMMENT SECTION! ⚠️
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🏬 Where I buy my Hardware From: miningchamber.com/stores
💻 Recommended Software, Wallets, Exchanges..: miningchamber.com/platforms
📹 Check Out Our Playlists: youtube.com/c/MiningChamber/playlists
🌐 Mining Chamber Website: miningchamber.com
👜 Mining Chamber Merch: store.miningchamber.com


🔥 Our Recommended GPUs - Ranked in order
[Check your local market apps for better deals!] - (Offer ups, letgo, Kijiji, Craigslist, etc.)
🟢 RTX 3060 TI | On Amazon | geni.us/PJ8kG
🟢 RTX 3080 | On Amazon | geni.us/AWiwdnC
🟢 RTX 3070 | On Amazon | geni.us/6q2IWAG
🟢 GTX 1660 Super | On Amazon | geni.us/k2G0ytP
🔴 RX 5700 XT | On Amazon | geni.us/LpPDYa
🔴 RX 5600 XT | On Amazon | geni.us/w9CmpF
🔴 RX 5500 XT 8 GB | On Amazon | geni.us/Vrxg
🔴 RX 6800 XT | On Amazon | geni.us/fpff
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Thank you everyone!!
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🌐 Find us on:
► Email - Team@MiningChamber.com
► Website - miningchamber.com
► Discord - discord.gg/bK6ptDN
► Instagram - instagram.com/Miningchamber
► Facebook - facebook.com/miningchamber
► Bit.Tube - bittubers.com/profile/Miningchamber
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Disclaimer - This is not financial advice - please do your own research. Everything is for entertainment purposes and from our personal experience.

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