How to Get Started Crypto Mining with Nicehash, Easy Mine Ethereum Desktop PC Step by Step Guide

Currencies / Crypto Mining Mar 26, 2021 - 01:18 PM GMT

Crypto mania is reaching new heights with the likes of Bitcoin trading and holding above $60,000 which means virtually anyone with a decent enough GPU in their PC can make money from their very own desktop computers. Here is my comprehensive guide of how anyone can get started crypto mining Ethereum in the background with their desktop PC. Where the likes of Nice Hake crypto mining is made EASY, and where you get paid in BITCOIN, and not useless obscure coins. do check out Nicehash to start crypto mining with your desktop PC.

Video Contents:

00:20 How to Make Easy Money Crypto Mining
01:26 Step 1 - Check Your GPU's Profitability
02:26 List of GPU's
05:14 Step 2 - Download Nice Hash Quick Miner
06:38 Step 3 - Determine system profitability
09:57 System Power draw when mining
15:31 Step 4 - Profitability calculator
18:17 Sounds to good to be true!
20.10 Important to under clock GPU and watch Junction memory temps
20.40 What could go wrong?
22:57 Watch the temps
24:57 Turn your System liability into an Asset
25:38 Worst thing that could happen

As for a what I consider to be a good GPU for mining then go for the Asus TUF Gaming O/C, though of course there is the stock issue. ASUS NVIDIA GeForce RTX 3080 TUF GAMING 10GB UK https://amzn.to/3om3kFP US https://amzn.to/2LalewD (amazon affiliate link)

Whilst the prospects for the bitcoin price will be the focus of my next analysis. My latest :

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Analysis Schedule :

My analysis schedule includes:

HIGH RISK Tech Stocks
UK house prices trend forecast
Bitcoin price trend forecast
How to Get Rich
US Dollar and British Pound analysis

* AI Stocks Buying Levels for 2021

After the bonanza of 201 it's time for a significant reorganisation of my AI stocks portfolio for 2021 and beyond.

* UK Housing Market Trend Forecast 2021

Will the UK follow the US inflationary lead or has Brexit and Covid combined to press the pause button on the UK housing bull market for 2021?

* Bitcoin trend forecast 2021

Everyone's now bullish on bitcoin at $50k, well my patrons got to buy it at under $10k!

Last two updates forecast conclusions -

17th Sept 2019 Bitcoin Price Analysis and Trend Forecast

Forecast Conclusion

Therefore my forecast conclusion is for the Bitcoin price to hold support at $9,400 in preparations for an assault on $12k, a break of which would target a break of $14k. However if support at $9.4k fails than Bitcoin could trade down as low as $6k BEFORE heading higher.

31st March 2020 - Coronavirus Parabolic Pandemic, Bitcoin Price Trend Forecast

Forecast Conclusion

My forecast conclusion is for the Bitcoin price to mark time by trading down to as low as $7,500 before basing for a run higher to resistance of $10,500 that 'should' break to propel the Bitcoin price towards the next resistance level of $12,000. Thus the bitcoin price could drift lower for the next couple of months or so before resuming a bullish trend as illustrated by this chart.

Your analyst wishing all my Patrons a happy and prosperous covid free 2021

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Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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