CHECK OUT MY DAD'S HOME CRYPTOCURRENCY MINING SYSTEM FOR UNDER $2,000 | Chris Record Vlogs 96



that's what have you grabbed like aetherium and if you're not mm exactly that's the only way you're gonna make any money if you're just talking about making money off of mining at the value of the coin that you're mining you're never gonna make more than a few hundred a month but what you've done in the 10 months then it runs while it's paying itself off when it's also doing putting in your wallet whatever coin is mining the end of that 10 months coin that you mined for 350 per coin is now 550 per coin there you might make some money the good example would be like you rent a house the rent covers your mortgage you essentially might make a couple hundred bucks a month but the appreciation is the real benefit of owning home over 20 years you might have these hundreds of thousands of coins go up by eight thousand percent houses don't what's up record breakers Chris record here another day another vlog and I am chilling in Paradise Valley I just got back here from California where I had an amazing trip got to hang out with my grandma my aunt my uncle my family got to see my kids my cousins and so much more and listen there's still some more footage and in today's vlog we are gonna talk about one of the hottest most trending topics in the United States in the world right now and that is cryptocurrency you guys blockchain bitcoin aetherium blockchain mining creating wealth we're gonna talk about that we're gonna address it here's why because when I was in Santa Cruz California my dad showed me that he's actually got some setup going on where he's mining not for bitcoins for altcoins alternative coins using something called the blockchain and he has these little mining kits for as little as sixteen hundred dollars getting these set up and he's got a system and it's very homemade and I thought to myself you know what if he's willing to share this with me I'm willing to share this with you he puts together his little mining system and then he has coolers going on and all he does he builds out these sort of passive income generating machines now they don't generate that much money you know maybe like 40 dollars a month or whatever it might be per machine you set up but the kicker is that you're actually building up your own portfolio of coins you get rewarded in alternative coins kind of like currency if you will the more of these transaction verifications you do and we're going to get into it but the idea is if you a whole bunch of these they're kind of paying for themselves okay the same way that if you buy solar for your house you might buy all these solar panels and it's gonna take a little while before it breaks even but after it breaks even it starts paying for itself that's the same way that you should look at these little mining machines or a better way would be like real estate if you go out and buy real estate you might be able to rent it out to somebody and they can cover the cost of your mortgage therefore your tenant is actually paying the house off for you but if the house goes up in appreciation then you do make that money you do make money so that's how mining for coins works okay a Bitcoin aetherium light coin any of these little alternative coins on the market you know like the way that the bank gets a fee you kind of get a fee for doing the work so you set up these little machines you get your little cut and yes they kind of pay for themselves but meanwhile if the coin goes up in value it can be worth a lot now in real estate you're kind of hoping that your house maybe goes up like ten percent in a year that would be incredible appreciation but with cryptocurrency your coin might go up a thousand percent a year or two thousand percent which is way bigger than ten percent so the payoff is so much bigger now what if it doesn't work all these people that are out there investing a ton of money and cryptocurrency what happens if it crashes and it loses all of its value well if you're in the mining business it doesn't affect you as much okay it's a lot more of a level playing field because these gaming cards and all this are still valuable you can go on eBay and you can sell them for almost basically the price you paid for them but they hold their value very strong so literally you can put together an investment build out these little ninety machines you can have at your house even and have them start to kick off a little bit of passive income to pay for themselves as well as help build up your own currency in that coin it helped build a little portfolio for yourself and when you get good at it you can expand beyond you know like your little bedroom set you know kind of like how a gamer might start off with one video game in one console but then after a while maybe they got like four or five different you know the PlayStation the x-box they got a whole collection of games they got their gaming chair you can build it out the same kind of thing you could do here and what's cool is that this makes money see playing video games doesn't make you money it actually just takes your time and energy this you set it up once and you forget it you just check on it make sure there's power and electricity and make sure there's cooling and as long as you have those two factors then it plays out as you know I'm having generated millions of dollars online I have one of the biggest communities of entrepreneurs out there I've got a lot of people currently involved in the game some are amateurs and some are making multiple millions of dollars so I'm gonna share with you some of what I've learned in this process hopefully be able to help you if you have any interest at all in Bitcoin aetherium litecoin cryptocurrency blockchain technology anything then hang around for this vlog it's gonna be very very worth it that being said roll the clip all this cool stuff but this is an old machinist toolbox filled it up with like electronic stuff to repair the turntables in the receivers with then I branched out into mining rigs it looks like a gaming rig this is a gaming video part these things are several hundred bucks each gaming cards these are called GPUs or graphics processing units you put as many GPUs as you can fit into a rig it's got a CPU it's got the motherboard it's got all the different extension slots and so on each GPU has got billions of transistors these are about the highest level Earth medical processing units we have these guys can do matrix multiplications and very high rate and that's what's required to crack the puzzle of the blockchain there's two issues one is electricity and the second issue is how much heat can you dissipate so you have a bunch of fans like this one was my first trick doesn't have room in fans it's my second rig you can see them back there's like six fans that are pushing and you can feel that you are coming out this way I'm working on third grade with an enclosed case so this is like basically a homemade mining rig system that'll iterally a 15 year old could be at home and they're abusing their parents electricity this could have been me when I was a kid yeah this is considered one mining right if it's so much you buy these these GPUs can vary anywhere from two hundred to a thousand dollars apiece so the ones I use are about 350 apiece so 350 for one of these but then you also need the surrounding stuff to work this would be like $1,600 or something you can buy a cheap leather board you can buy a cheap CPU only running like a couple hundred dollars and the power supplies another hundred dollars how much would you think all of this is like everything only $2,000 then how much does it potentially make each of these cards should if you run it right okay I can't be able to keep it up 24/7 maybe make 40 bucks per card per month so let's look that's $200 a month but then what if you strike it with like a good coin so what if you grab like aetherium and if you're not exactly that's the only way you're gonna make any money if you're just talking about making money off of mining at the value of the coin that you're mining you're never gonna make more than a few hundred a month but what you've done in the 10 months that it runs while it's paying itself off but it's also due is putting in your wallet whatever coin is mining the end of that 10 months coin that you mined for 350 per coin is now 550 per coin there you might make some money the good example would be like you rent a house the rent covers your mortgage you essentially might make a couple hundred bucks a month but the appreciation is the real benefit of owning home over 20 years you out of these hundreds of thousands of coins go up by eight thousand percent houses don't essentially it's a way to invest in cryptocurrency but instead of buying the cryptocurrency directly what you've done is you've bought a bunch of hardware it reduces your risk because not only does it continue to mine coins over a long period of time but also let's say the coin value drops to zero you go oh no I've lost $1600 of mining rig no you haven't you still have you those used GPUs they do not lose their value so a $350 GPU you can sell that on eBay one year later for $300 they maintained their value so that's $1,600 a guy could probably be extract 1200 back off eBay so I really only lost a few hundred so the biggest obstacle for you scaling this kind of a business is mystery power electricity so literally if you had a warehouse with electricity people build warehouses in Canada where it's cold and it's easier to cool your GPU cheaper probably to polish paper to get the land and cheaper to get the power they build these huge farms those guys are serious I'm not I'm just you just do it do it yourself I mean you're more excited about the box here that you're holding the stuff in this kind of stuff the cool trendy hip stuff like you're like at whatever this is the assisted living facility that my mom stays in now we're gonna go visit my mom dad Oh Brooke you guys excited who wants to go on the tram first which one Thomas or Lucas okay both will do both that's it for the cryptocurrency segment before I go before I close out the vlog do me a favor you guys smash the subscribe button smash the post notification bell become a record breaker and let me know in the comments below if you would like to learn more about cryptocurrency and if so I'll go interview some of the experts out there okay I will go interview people that are like legitimately this is what they live and breathe not me I'm a marketer right but I'll bring the best the best out there for you so with that being said hopefully you guys have enjoyed the vlog I look forward to seeing you tomorrow's vlog I got something special planned for you so that being said I'm out these straight from the fresh toast got the latest throwing shade like a ref though we the best though so we press foe coming up in this game

28 thoughts on “CHECK OUT MY DAD'S HOME CRYPTOCURRENCY MINING SYSTEM FOR UNDER $2,000 | Chris Record Vlogs 96”

  1. LMAO!!!!
    "Ya my dad is mining. By using something called.. the blockchain. 😭😭😭😭😭 Im fucking dying

  2. like your dadas system , where did he purchase this or which shops he used to get the budget within 2,000, can you please tell, thanks

  3. Great video crypto is huge now im into it myself and not so much mining it but i would seriously love to hear more about how the big guys are doing it.

  4. Your dad is awesome, but a little I'll informed. He's wrong about how much money they make but it a good way. A gtx1070 which costs 420$ mines around 5$ a day depending on which coin you mine. So around 80 days to pay off if you sell at face value. What he is doing is mining and holding which can be way more profitable.

  5. I do this now and I have done it in the past(2014). If the crypto market crashes like it did in 2014 your gpus will be worth less because everyone else is trying to sell at the same time. I paid 350 per card in 2014. And after it crashed and I was paying more in electricty than I was making. I couldn't get more than 150 per card. Something to keep in mind. Before you think this is a negative comment, I did pay off my 3000 dollar rig and banked about 50 litecoin. At the time worth 2-4 bucks a coin after the downturn. They are now worth 200-300 a coin. Wish I had just kept mining and paid the electricity out of pocket. Would have been a millionaire….

  6. What he says around 3:20 is not exactly true. If crypto currency crashes you can’t just easily go and sell the 10 GPU’s you bought and basically get your money back. I say this because if crypto currency crashed everyone would be trying to sell and dump their GPU’s meaning you’d have to sell them way under the price you bought them at as the market would be flooded with people selling them. Supply & Demand

  7. AWESOME VIDEO FOSHO!!!!!!! We gotta knock out these next steps of Generation Wealth Transition!!!!!! I would love to learn whats to follow! Big UP Chris!!!!!

  8. crypto currency…I think this is an interesting topic, but I definitely lean towards the dropshipping and print on demand videos. That I can understand…this bitcoin thing…Still this was an awesome video!

  9. Did your dad say about how much his electric bill increased per month or was the $40/month accounting for electrical use?

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