Is cryptocurrency mining dying? While cryptocurrency remains in a bear market, the profitability of crypto mining continues to decrease. Bitmain has sold over ten ASIC miners in 2018 and only a few models currently create a profit above one dollar a day factoring the average US electric rate of 12c / kWh.
Today VoskCoin reviews his mining farm and how it has changed dramatically over the course of the last year, just last year with 30,000 sols the VoskCoin mining farm was earning 1 Zcash every 2 days in comparison to today that would take more than 10 days AND ZCASH IS WORTH LESS NOW?!
Nvidia GTX 1080 TI remains a top mining GPU - http://geni.us/jVL9Y
AMD Rx570 continue to be a top mining GPU - http://geni.us/f3Sz8
VoskCoin August 2017 30,000 Sol ZEC Mining Farm Update https://youtu.be/wUoSfvNPQiE
Coinbase is planning to add Ethereum Classic - http://bit.ly/2OB6ZOw
Bitmain Antminer L3+ worthless* on eBay - https://ebay.to/2vaM6S1
Bitmain Antminer Official Online Shop - http://bit.ly/2OdEzK8
What To Mine ASIC Mining Profit Calculator - http://bit.ly/2v91yyf
VoskCoin Patreon - https://www.patreon.com/VoskCoin
VoskCoin Facebook - https://www.facebook.com/VoskCoin/
VoskCoin Reddit - https://www.reddit.com/r/voskcoin/
VoskCoin Discord Server Invite - https://discord.gg/FGGmS2z
VoskCoin Twitter - https://twitter.com/VoskCoin
VoskCoin Instagram - https://www.instagram.com/voskcoin/
VoskCoin Official Donation Addresses, support appreciated!
BTC - 12PsgKuhcJrEqJbD3oMN7rcEcuyqyqRznL
ETH - 0xDEe6A2ae293F8C58Ef71649658344BbF382b6e70
ZEC - t1ZoVF5t75NahSAfuwpcyHA8uzkPyocXpJZ
ZEN - znb1iNFP6VctF2AhXLXtMsSjP7emvYDmeXR
Loki - LScbLXmws9RA4SXVz5GhGm3N2YfKShw6MQGeyAjYc3bE5nYHUw3UUWxgKGN8kCnWQkfZEGN1PBxX7Zky3aVJSpGxTZTuDLB
XMR - 484HoyS4h2fenvLKQkuUV7FwnJaGK8LMX43tiJ3UZdVU53d2MxFiQ1jbSfyorsXZVs1SvoPVh4nipjd7b4GVgFGmCgygdpV
Doge - DHgX7vJjBsmYcB1GgubGtu3TVJkqQgCG6B
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to http://Amazon.com and affiliated sites.
AMD Rx570 continue to be a top mining GPU - http://geni.us/f3Sz8
*VoskCoin August 2017 30,000 Sol ZEC Mining Farm Update* - https://youtu.be/wUoSfvNPQiE
VoskCoin Twitter - https://twitter.com/VoskCoin
*VoskCoin Patreon -* https://www.patreon.com/VoskCoin
VoskCoin Hello man, first time I stumble upon a video of yours and it’s great !
However it changes everything since yesterday with the price dropping by 20% or more ...
Anyway, you are saying that rx570 is better than the GTX 1070 ?
That was my feeling when I went on the calculators on the web.
Do you have a video or something about the things you have to purchase to setup everything ?
Thank you ! And good luck :)
the video cards prices went up because of this BS mining.. plus it take a lot of electricity, they even want to make some large mining farms. All this is totally insane . Now, sell your video cards and find another hobby . Nice dog though :-)
The way I see it currently in this bear run is that the more people switch off the better for us keeping our miners on lower difficulty for a short period a bit more coin and when they hopefully start returning to bullish markets we can cash out rinse and repeat. I have been involved with trading Forex and Stocks for a few years now and if the crypto markets can pull it off we could start to see the markets pull of waves every year bull run bear run bull run bear run it just goes on but at least that way we would be able to mine all year round knowing we can cash out on bull runs :). Given the age of bitcoin the crypto markets are just getting started in my opinion look at the likes of Amazons bubble and other company bubbles the bubble was considered huge when it happened and it apparently burst but the markets topped the bubbles by multiple times :) the only certainty in this world is death and taxes ! keep mining HODL and sell high !
Is Cryptocurrency Mining Dying?
NO it's not dying it's doing it's usually thing, you need miners for coins so traders can trade, it's not like it was and probable never will be again time will tell we thought GPU Ming was dead once before or it was dying..we simply don't know till it finally does die.
don't try it for living hes right about that .
ASIC destroys it all and does in fact take the fun out of it > right to ..
I like spending hours fine tuning and setting up stuff you have more control over what you can and can't do etc etc ....
Im still wondering that you have so many GPU’s i live in the Netherlands and the electricity is 0.20 / kWh ive got one z9 mini and GPU mining is not profitable anymore here i dont know what to do or just go mining with asics🤔 btw Nice video!!
A newbie newbie here. I've watched many videos regarding this mining thing. But nobody seems to talk about the internet connection thing. How much data is downloaded/uploaded when mining?. Eg: a 6 x Rx570 rig.
For all the beginners in cryptomining, I suggest three criterion:
1. Physical location - will determine your electricity costs, average ambient temperature, and to some extent, pricing and shipping of hardware
2. Type - ASIC mining is an uphill race where you always try to chase the tail of the latest ASIC whereas GPU mining can have limiting factors such as GPU availability, price gouging
3. Term - will determine your average profitability, since short-term mining means you sell in 1 month or less, which makes you very sensitive to price fluctuations, definitely not a model for financial success, whereas long-term you have less problems with volatility, since you're going by average price over a period of time, and you have more control over when you sell your coins
Mining is not just a hobby, it's a business like any other, so always have your business plan ready. Determine at least these three factors and analyze the market as is, only then can you begin to estimate your profitability.
Is this a cycle ? All coins are still up from 13-14 months ago and everyone has the same idea that coins are just in a dump. As you said though the people who will make money are the ones who can hold onto there coins through the hard times. Which is very few of us (mining sense July 2017)
VoskCoin i have 16 1070 (zotac mini , dual and evga sc) and 4 1070 ti (zotac mini and amp) on 2 h110 BTC pro on ethos. Only make 11-13$ a day max , a big he sense dec-march where i was making $100+ daily on zec,zen Eth and btg.
Ive recently stopped mining as its just not worth the hassle and thats even with free energy during the day via solar.
I now trade carefully and since December ive quadrupled my crypto and to this day ive never cashed it in. Im in it for the long haul and hopefully due to the lack of cash and run miners we will see the non shit coins rise to the moon levels.
There is no bull run coming. Sell your cards at a decent price right now before the new cards come out next month. Recoup as much investment back as you can. You're going to be sorry if you don't listen. Think about how much you're going to lose by hanging onto those video cards longer. Are you going to make that much in mining to offset that loss? Crypto is dying a slow death. Just dump em now man and get the most for your money. Move on in life and don't look back.
I had 8 x rx 580 6 x 1070 1x 1080ti 1 x s9 1x l3 + miner 4 weeks broke it all down sold the whole lot on eBay stared December when was nice profits was getting worst and worst even though I was getting free electricity mined 1 bitcoin didn’t lose to much money on selling all my equipment if waited longer would of lost even more money now just buy low sell high on Coinbase long trade now have 1.2 bitcoin . Mining is a total bear market now the difficulty is increasing and increasing plus new nvdia graphics card coming out just a waste of time mining now thank god I got out I loved the journey and watching all your videos hope it works out for you sell up and get out games a bogey
Whether or not crypto is going down this miner is so strong it won't matter, bid for it on ebay! Interested in cashing in on cryptocurrency?
Try to win this Asgardmint One, 23 Th/s Bitcoin Miner on eBay! https://www.ebay.com/itm/123324185922
Hello do you want to mine bitcoins?
I mine bitcoins offline with the aid of my Antminers and earnings is deposited to your wallet daily when you mine, mining bitcoins requires a minimum of $300 in bitcoins to earn about $1200 in 7days , you earn daily and get daily withdrawals but the total for a week when you invest $300 is $1200 , do you have this $300 available for investment to mine? If yes then I will guide you through the process of mining with me, because mining on your own would require that you have the mining hardwares and rigs which you do not have, so let me know if you have that amount ready so I can tell you the procedure. Contact me on
Email via [email protected] ...........
$0.25 a day on the Antminer L3 Plus? ....on an ASIC?... Uggh, thats horrific why is that thing making worse profit than my 5yr old R9-270?! Wtf .... Its worse than a half decade old mid-range GPU now? O.o
Invest in Invest Box "Liza"! Dynamic percentage to 1% / day 2-10 days-from 2 to 10%, more than 20 days-12%, more than 30 days - 14%, more than 60 days - 16%.
This is not a Pyramid / HYIP, all payments are made from the special Fund.
You can close your investment at any time, it is 100% safe.
Hey man, how are you? Have 2 questions for you, i have 3 gtx1070 and 1 gtx1080, what do you reccomend me to mine? And can it be possible the gtx1070 does not enter propperly on a riser v009? Thanx in advance! Nice videos. Im from Argentina
I wonder if you invest some of your mined profits in other coins?
if you do check out ALQO, they super undervalued, once they make their echnage that will be similar to kucoin but with fiat pairs it will boom!
Join Cryptoption mining company make over 10BTC Weekly.
You can make 3.6btc mining in every 48hrs directly into your Bitcoin wallet with your minimum of 1btc. Join the Japanese Crypto-Mining Farm and be a controller of cryptocurrencies.
feel free to email me [email protected]
*Worldwide No. 1 Ranking Cloud Mining Farm 100% trusted since 2014*
Watch this 👇🏻
*BEST LEGIT AND PAYING BTC CLOUD MINING COMPANY SINCE 2014*
You can start mining by buying the hashpower.
You can get more fastly and more btc
Nothing is free. Bitcoin is not for free. Invest and earn it. Start to mine and start to earn.
Join now and receive 50Ghs for free.👇
*_Click for free register_*👇
✅ *CRYPTO MINING FARM... the most stable and legit program since 2014*
*🔥Ranking NO 1 in Top 10 Cloud Mining*
🔴 *_FREE register & receive FREE 50GHS_*
🔴 *_ENJOY investment BONUS_*
🔴 *_NO difficulties increase_*
🔴 *_NO maintenance FEE_*
🔴 *_15% affiliate bonus_*
🔥Daily profit up to 0.9%-1.0% per investment
🔥Minimal withdrawal 0.005 btc
🔥Buy 1000ghs hashpower and choose your Contract Mining to 3 Months, 6 Months, 1 Year, 3Year, 15 Years or lifetime
*🌍GLOBAL BTC CLOUD MINING🌍*
@VoskCoin i would like to know where do u get them little cases? At 4:18 in this video u have a little rig i need something of that size. U have a part number where i can order that online? Thanks man love your videos!!
I only have one 6 card rx580 8gb rig. I just switched it to ETC like 2 weeks ago. I'm hoping to see ETC crush it when it hits Coinbase. But only time will tell. I lost a private key with well over 500 BTC in that wallet address. I bought most of the BTC in early 2010. And it was just sitting there till 2013 when my computers were taken from me by a bunch of crazy law enforcement over a bag of mushrooms lol. I can't even imagine where I would be right now if I still had that notepad file with my key in it. I swear I gave myself an ulcer trying to figure out how to restore my wallet. Just to realize it's gone for good. But it's a password protected zip file. Good luck figuring that one out piggies!!! You don't even know what you got lol.
Done with GPU mining and mining in general, one 6 GPUs left to sell. Wont ever buy an ASIC as I've come to realize the only true winners in this will be the company selling the hardware. Just sitting on my (nearly 1 years worth of) mined crypto till it goes way up to where i want then selling.
Mining follows price. Price does not follow mining (and the cost of mining). As price goes down, the # of players in the mining world goes down. That is a rule that is not broken.
Those who keep saying that BTC cannot see sub $5K because of mining costs do not understand this law of crypto - a law that has been announced by prominent figures such as Richard Hart, etc.
Only the strong and those with cheap electricity will survive mining. For the rest of us, it's much more profitable to buy coins. (I sold $50K of equipment for... let's just say much less, and am holding that money for sub $5K btc and then will buy alts with it like Nuls, PRL, Poly, Onion and a few others like XMR, ADA. I assume I'll more than get my money back in this way as opposed to having paper weights. I had mostly asics and was stupid for buying equipment when btc was going meteoric).
Hi. I mnie BTCZ. If you don't know this project yet it's worth to have a look. Asic resistant community coin. For every gpu user to mine. My strategy is mine couple of millions and wait for btc to get new ath then I'll go up. Even if it get to $1 you will be ok😁
Asics are a problem think if bitmain puts a file in there fw to allow .01 percent to come back to them or the option to remote the asic than they could 51 percent attack that would be putting way to much trust into a company
I have also been in the same boat. I think asics are stupid with bitmain showing that they could easily 51 percent attack a coin shows a threat. But with the 3 cent power yes that does show a threat but if it comes to that I see these big farms are not going to make there profit back seeing each card will only make 7 cents a day depending on how efficient the rest of the system is as in CPU ram hdd extra and all hardware is becoming more efficacy so these big farms will have to upgrade all there resources as well leave little to no gain on there end to payback there hardware. On top of that pow needs miners so people believing on the network will have to mine at a loss or price over diffaculty will have to shift or the pow network will crash. On top of all that if you fallow the stock market there is normaly a dip ever 10 years and crypto is looked at more like a stock right now and seeing that bitcoin was created in 2008 we hit that 10 year mark so we could be seeing that dip right now. I'm also looking at master nods with the price drop seeing better profit as coins cost less but needing 1000 coins for 1 node is still expensive but over all you still need to think 7 cent profit per card is only 50 dollars for 2 years that will never pay a gpu off and these big farms need to dump the cards for new ones to stay in the game makes too much work for such a small profit margin
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.