Cryptocurrency Evolution: Exploring the Future of Digital Assets


A Year of Surprises: Reflecting on My 2022 Crypto Mining Strategy

12 months ago, I released a video predicting my 2022 crypto mining strategy. However, I couldn’t have been more wrong. A series of events, including the Ethereum merge, global recession, and rising electricity rates, made it difficult for home crypto miners like myself to continue operating efficiently.

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The Perfect Storm in 2022: Ethereum Merge, Recession, and Inflation

My initial 2022 strategy was far too optimistic. The Ethereum merge resulted in the decrease of mining profitability, and alternative coins like Flux and Ergo weren’t able to replace Ethereum as a source of income for miners. To make matters worse, the global recession and skyrocketing inflation made electricity costs unbearable for many home crypto miners.

What’s Next? Game Plan for 2023

Moving into 2023, my crypto mining room has become more of a storage closet than an active mining operation. However, I’m not giving up on mining just yet. Here’s the game plan for 2023:

1. Reducing Operating Costs

The first order of business is finding a way to reduce operating costs, starting with electricity rates. This may involve exploring alternative local options, such as partnering with a solar farm or greenhouse operation that can offer lower electric rates.

2. Focusing on Coins with Real-World Use Cases

My next priority is to target coins with practical applications in the real world. Specifically, I’m interested in mining Bitcoin, Flux, and Dogecoin – all of which have demonstrated real-world use cases, whether as staple cryptocurrencies or meme coins with mainstream appeal.

2023: A Challenging Year for Home Crypto Miners

As we enter 2023, it’s clear that the conditions for home crypto miners have worsened compared to 2022. However, I’m not willing to throw in the towel. I’m committed to finding creative ways to overcome the challenges ahead, and I’m eager to hear your ideas, comments, and input.

So, what’s your strategy for 2023? Are you remaining optimistic, or have you given up on crypto mining altogether? Share your thoughts and comments below.

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About the Author: Mike Izzo


  1. So i have an idea… As the cost for energy varies alot around the world… What if you can find someone in a country where energy is cheap and pay them to mine there..
    Or someone could setup a profitable cloud mining service that way

  2. What would be your recommendation for a small rig? I have solar panels and currently producing around 400 kWh per month that I'm sending back to the grid. So looking for a small rig system to use that extra power I'm producing. Thanks for your content!

  3. I’ve been living a great life since i met him⬆I’ve been a broke ass for years but after i met him he changed my life..when you are broke you receive lot of insults but thanks to him now I’m wealthy 😎💰it feels cool to be rich 🤑

  4. Welcome to the WEF's Great Reset. The inflation, the epidemic (although we all know it wasn't) the Ukraine War (Russia was backed to a corner so they would invade)… These are all designed and engineered "Reset". No wonder they wanted a guy like Trump out by all means necessary. Used Biden as a puppet and played the American people like a fiddle. So bravo, you all fell for that shit and pushed the only guy that truly stood for you, the people. Bravo!

  5. You can try staking side with one laptop for cheapest electricity. For eg. Pulsar coin staking, you can sell daily too with more profit but not the eth staking you can't control over your coins.

  6. Bro, I have free electricity but even I stopped mining a year ago. Not worth wasting that much electricity for 1 dollar a day, with my 3 pieces of 3060 ti (non lhr). I see only suffering all over. Some still try to hold on, trying to justify why they bought rigs that are completely useless today. Lucky for me I mined my computer's purchase price back before the market crashed.

  7. You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires, all thanks to this great website MASKOFFAID bless you ma

  8. You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires, all thanks to this great website MASKOFFAID bless you ma

  9. Ironically, the fact that the hash rate difficulty level is still up there surprises me, considering all the factors you’ve explained in this video.

  10. I've known bitcoin forever. Very nice video. The core is collaboration and brainstorming. So much processing juice is needed around the world, any project that uses mining as processing power would be my best guess, that said, dude, we learn how to suffer a bear market here, hehe. However, the future always pays.

  11. here's an idea…grow have the perfect space and can control the temperature easily…look into mycology it's not that hard and could be worthwhile if people are into 'gourmet' mushrooms

  12. amazing video you have made, i think you can also mine in grizzylfi, i don't know why you didn't include them in your latest analysis. i think you should make some research about them.GHNY.

  13. nobody will be buying our cards, as they have a prejudiced minset that these graphic cards are damaged etc, and mining a unprofitable or promising coins is what I think is not the right move, as the news and international news are, looks like conditions are worsening day by day!

  14. I am building a solar farm with used panel and building my owen lithium ion power wall so i can run my miners yes it not cheap but i am looking at the long run nothing like free power from the sun ( i don't know about you but i don't like sharing my money with the electric company so yea i am going off grid for mining ) start small and build on it over time

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