| 00:00 - 00:05 | So I've been here CPU mining Bitcoin in 2009 with my Celeron CPU |
| 00:05 - 00:07 | I look on Bitcointalk and Reddit and see that people |
| 00:07 - 00:10 | are paying $1000 for a 1080Ti and $500 for an RX 570 |
| 00:11 - 00:16 | They found out from a cab driver that its basically free money |
| 00:17 - 00:21 | Little did they know there is something called DIFFICULTY! |
| 00:21 - 00:24 | They though that "I make $10 today... I make $10 everyday..." |
| 00:29 - 00:31 | They look on their daily Nicehash statistics |
| 00:31 - 00:34 | And are like... something is not right... Why is my daily profit lower and lower |
| 00:38 - 00:40 | They are like... maybe my GPU drivers need to be updated. |
| 00:41 - 00:47 | While at the same time the Power bill comes from the Electrical Supplier. |
| 00:47 - 00:50 | They are like... Why is my power bill the same but my mining profits are lower. WTF! |
| 00:50 - 00:56 | They are like GPU mining is a scam. Going to get some ASICs instead. |
| 00:58 - 00:59 | So they buy an Antminer A3 |
| 00:59 - 01:01 | Ordered on Amazon for $15K |
| 01:04 - 01:06 | Bought a server PSU for $500 |
| 01:06 - 01:08 | A week later UPS comes and it arrives |
| 01:13 - 01:14 | They are very confident |
| 01:14 - 01:16 | They go to What-to-mine.com |
| 01:16 - 01:20 | They put in 815 GHS and see that its making $500/day. |
| 01:21 - 01:27 | Much better than the $5/day my GPUs were making. |
| 01:35 - 01:36 | So they turn it on.... |
| 01:36 - 01:39 | All of a sudden a Vacuum cleaner turns on |
| 01:41 - 01:44 | Wife is knocking on the door saying |
| 01:44 - 01:47 | Come vacuum the living room next. |
| 01:47 - 01:49 | and then next vacuum the basement |
| 01:50 - 01:53 | and then finish up the bathroom |
| 01:54 - 01:56 | Except... I don't have a vacuum |
| 01:56 - 01:58 | Its the damn Antminer A3 loud as a jet... |
| 01:58 - 02:02 | But who cares it makes $500 a day |
| 02:05 - 02:07 | Small price to pay. |
| 02:10 - 02:11 | I will wear ear plugs at home |
| 02:11 - 02:13 | I checked Nicehash the next day... |
| 02:15 - 02:17 | And I only made $250 ... |
| 02:17 - 02:20 | The day after $125... |
| 02:21 - 02:28 | Day after $75...$50 ... and now $35. |
| 02:29 - 02:30 | This ASIC is broken! |
| 02:30 - 02:32 | All mining is a scam! |
| 02:36 - 02:39 | Going to write to the SEC... |
| 02:40 - 02:42 | Every miner I buy... profits always go down... |
| 02:50 - 02:55 | This is BLATENT insider trading going on... |
| 02:56 - 02:58 | Sold the ASIC on Bitcointalk for $1000... |
| 02:58 - 03:04 | Then I googled search and found the secret. |
| 03:04 - 03:09 | Cloud Mining ... |
| 03:09 - 03:11 | This definitely won't be a scam. |
| 03:16 - 03:20 | It says hash power never expires... |
| 03:23 - 03:26 | I will be making BTC until I retire... |
| 03:31 - 03:36 | Best of all I don't need to pay for any electricity and wife will be happy. |
