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Is Cryptocurrency Mining Dying? GPU | ASIC | VoskCoin Crypto Farm | August 2018

1919 ratings | 46912 views
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.
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Text Comments (428)
VoskCoin (1 month ago)
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
Kévin Q (1 month ago)
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 :)
michalsavatar7 (6 hours ago)
All that power and electricity wasted to create NOTHING.
Alex Cohen (6 days ago)
it's already dead
JuJu Juanda (8 days ago)
cryoticurency mining new open . legit 100% .. http://cointiply.com/r/Z87QR
e2e4au (10 days ago)
When all the small miners are gone due to no profit... the prices will return and only the big boys are left to collect the sweets.....
R. M. (11 days ago)
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 :-)
Alexa A (12 days ago)
Well mining is still profitable if you find a good location to do so. Our facility offers as low as ¢7.9/kW all in so there is still quite a bit of profit to be made. www.iBitMine.co
Gerardo Cabral (15 days ago)
https://gpumining.cc/ref/33118
Mizz Wicked (15 days ago)
I stopped mining. Its not worth the high electric bill. I rather buy bitcoins for now on.
CryptoDaddys (15 days ago)
Ive been following you since the start. keep up the good work. anyway you can post my site anywhere? trying to get crypto mining in main stream , www.cryptodaddys.com
Jtag Sheep (15 days ago)
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 !
OrangeCola Juice (16 days ago)
Is that a fox or a dog?
VoskCoin (16 days ago)
shiba inu / doge!
Harry Hightower (17 days ago)
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 ....
micky bang-bang (3 days ago)
Mining is over ..buy bitcoin and trade that's all that worth doing now
Baartiee (17 days ago)
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!!
charles jone (18 days ago)
Wow, she has a nice ass!
Marty Thornton (21 days ago)
I hope you all lose big time when you all start selling gpu I wouldn't buy a used gpu that been used for mining because they run 24/7. You all are the reason gpu went up in prices.
Gen-X Crypto-Miner (23 days ago)
What's everyone mining ? I'm mining ether but changes are coming that might make it useless
21ledo (23 days ago)
+
ROCKY BALBOA (23 days ago)
Tesla foundation free ETH BTC giveaway https://cryptomultiplier.pw/
John Hodges (23 days ago)
Is that a picture of Wilson Hall and a JMU diploma in the background? If so GO DUKES!
Your cute
ZokStar (25 days ago)
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.
David Weber (12 days ago)
ZokStar you wanna know more ? Reach me [email protected] and I will be glad to help .
John George Bauer-Buis (25 days ago)
What are your thoughts on GridCoin, which uses BOINC as the mining workload?
harvey blue (26 days ago)
masternode Chaincoin, Its upto date with the latest features segwit ect....
jose diaz (26 days ago)
Free online mining no money down just mining on xbox one s or x Phone and or tablet and pc https://btcpool.io/193548
jose diaz (26 days ago)
Free online mining no money down just mining on xbox one s or x Phone and or tablet and pc https://btcpool.io/193548
Nihilist (26 days ago)
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.
xgenx89 whitefata (27 days ago)
Voskcoin is the real dogecoin dev
Khalid Young (27 days ago)
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)
Khalid Young (27 days ago)
I’m 8k in debt still from my rigs, starting to consider liquidity half soon
Khalid Young (27 days ago)
A word of advice is to never buy zotac cads lol my fans went out on every one of them all around the same time (right fan only) or about 7 months into mining at ~75%speed
Khalid Young (27 days ago)
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.
xgenx89 whitefata (27 days ago)
Lol, use credit for buying gpus/crypto, dont rush out, made 20+btc using 7990,
VoskCoin (27 days ago)
Difficult position man, what kind of rigs do you have
Mary Lopez (27 days ago)
Guуs I just fоund free $8194.this аwеsоmе cash gеnеrаtоr:(just go to) bestmakemon.online/?OXjNd6 its working
Vic Green (27 days ago)
We pay 0.255USD KWH lol
leigh perks (28 days ago)
look at skycoin
Random Guy (28 days ago)
Will start mining and buy new GPU's when it reaches at least $ 10 000.
Georgios Iatropoulos (29 days ago)
What is the race of this dog? So cute!!!
VoskCoin (28 days ago)
:D
Georgios Iatropoulos (29 days ago)
Subscribed!!!!
VoskCoin (29 days ago)
She’s a Shiba Inu (Doge)
The Reservation (29 days ago)
Asic miners are dying,
Ricco123tube (29 days ago)
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.
of course the white and black masonic checkered board is in the background. paying homage to his leaders
SOHEIL raei (30 days ago)
dude is there still a problem if power price was really low? pls answer me:/
SOHEIL raei (30 days ago)
dude is power price the real problem?
TJ Phippen (30 days ago)
Still rocking 30k sols equihash & 2ghs ethash. Missing December profits but it's coming back around again ;)
Shane Bolo (1 month ago)
I just scored two rigs for 1250 a piece. First one 6 msi rx580 8gb oc and sec one 8 xfx rx570 4gb oc.
438295 (1 month ago)
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.
Gary Alcorn (1 month ago)
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
Matthew Branning (1 month ago)
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
Jordan Alexander (1 month ago)
Right now to make any sort of profit what kind of setup would be needed.
handymannification (1 month ago)
mine for the future, not for a living
Peter Robert (1 month ago)
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] ........... proof Available.
Vorpal Inferno (1 month ago)
Hello there mining scumbags what are you gonna do now?
VoskCoin (1 month ago)
https://zen.zhash.pro/workers/znVVwjRSkrEc9iExF1aMcR3MtFXtQRR2kiL
rosas mc (1 month ago)
https://earnyourcrypto.co/48670
Herb Cadet (1 month ago)
You doing too much for nothing
Ivo Mataija (1 month ago)
I thinking about switching to masternodes instead of GPU mining. What do you think about Motion coin?
Tiko-Traders (1 month ago)
Will Cryptos Break out? or Break down?, Check it out: https://youtu.be/irCPaSTIIFIRead more Show less Reply     1
Back Yard Chem Lab (1 month ago)
So sorry if you find this as a Spam! I am just trying to bring back crypto for everyone by making this fun again!! Please join!! https://cryptoclanwars.com
Bruno (1 month ago)
Thank you for the update dude
Shane Bolo (1 month ago)
I'm buying equipment now it cheap as puck
Drakilicious (1 month ago)
$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
Shawn Gedeon (1 month ago)
if you are a newbie or a beginner in cryptocurrency mining, Mr Logan Shippy is the man that helped me make good profit using his software. I recommend his software for everyone.
Chad Hilton (3 days ago)
i already did invest with him and currently i have made withdrawal twice...i hesitated but only took a leap of faith and it paid off
Daniel Larsson (15 days ago)
Ohhh, look you can give money to a pump and dump idiot what a new concept.
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. https://yobit.io/ru/investbox?bonus=DulbV You can close your investment at any time, it is 100% safe.
Allan Copeland (1 month ago)
Well arent bitcoin created by the mining process? This makes it impossible for dying to die.
stach306 (1 month ago)
Dear Vosk, i would like to start mining, bur being handicapped, can you recommend,a pre built rig, and where would I learn about installing the software?
stach306 (1 month ago)
5,000.00 dollars
VoskCoin (1 month ago)
What’s your budget?
Retro WB (1 month ago)
we need a good shake out. lower the difficulty on some of these shitcoins mmmmmmhhhhhhmmmm
Hiper Bayog (1 month ago)
Free doge legit investment Affordable https://dogemoon.cc/?boss=74431 Free doge legit investment Affordable https://dogefaster.com/home?ref=23663
Max Media (1 month ago)
Gosh that dog is so cute :)
Doug Leenheer (1 month ago)
The best way to make money in crypto currency is to sell the equipment to the miners.
Dmitry Kim (1 month ago)
Fuck miners.
dooloowoohoo (1 month ago)
*bitmain
Matias Martinez (1 month ago)
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
Henrik Vester (1 month ago)
It is a lovely dog you have :)
Simple Tricks & Hacks (1 month ago)
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!
Curtis James (1 month ago)
Buy coins in a bare market don’t put any new Asic or GPU systems online. Money spent on that stuff is foolish. Just buy the coins from someone who has even cheaper costs
Mike Lucero (1 month ago)
Guys! If you look a legit website that is really paying... this one i really recommend for you...... https://www.nexusmine.net/?ref=50752
Joe Wset (1 month ago)
What just half a bitcoin you earn up to 1.5 bitcoin for more guide lines contact me at [email protected]
Sean Vlad (1 month ago)
You should check out Hive Mining - for LiteCoin Cash(LCC). It will begin next month.
Ravi Sharma (1 month ago)
Is that a doge coin in your lap )))
Simon Hunt (1 month ago)
Great! courage, bro!
connie ngozi conorado (1 month ago)
Bitcoin mining??? 1btc=6400 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]
Ryan Ante (1 month ago)
i feel bad for the new miners. gpu costs remain the same if not more, but profitability is way down i started mining july2017 so i already made roi. hard to do that now
46-b ETYKiAL (1 month ago)
Holding isn't a strategy.
Chris Minneapolis (1 month ago)
Yes to title and thank christ this pyramid scheme is soon over.
Jack Bliss (1 month ago)
Great I think it is the right time to trade.
I have been trading with him for 6 months.
Grey Denson (1 month ago)
I have been trading Mr Sanchez for over 4 months now.
Jack Bliss (1 month ago)
You don't have to bother about bitcoin price,after I make $8,000 from $1,000 weekly using Mr Sanchez trading strategy.
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240jz (1 month ago)
@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!!
Michael Franklin (1 month ago)
Great but I think that this the right time to trade. You don't have to bother about bitcoin price,after I make $8,000 from $1,000 weekly using Mr Sanchez trading system.
Cain Davis (1 month ago)
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.
Shadow Realm Priest (1 month ago)
Cain Davis don't give up hope on the seized PC. Similar happened to me and I finally got it back but it took over 10 years 😂
daniel rifqi (1 month ago)
the best mining farm since 2014 .. https://www.cryptominingfarm.io/signup/?referrer=5B5DA6A8ACA37
Shaifullah Al Ahad (1 month ago)
Just for the dog I can not see your video. Uff shit.
Jonny Boy (1 month ago)
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.
BooBsky Channel (1 month ago)
if I have understood correctly, will you be able to mince on btc because you also get transaction reimbursement? or is it not
Tim Ulrey (1 month ago)
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).
humman39 games (1 month ago)
we have to wait anther few years to harvest
JEJ 711 (1 month ago)
Haven't watched your vids in a bit but its always good to see you evolving through the bear market and to see a healthy Tails! Thanks for the great info and ideas. Keep em coming.
zdzislaw biesiedzin (1 month ago)
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😁
Kristik Jo (1 month ago)
join me get 10ethx = $2.5 fask quick join.. https://ethx.co/u/?ref=JOBUZ478976
kebman (1 month ago)
Hahaha dose HODL'er tears! I feel for ya tho! I think it'll go up very soon now. Very soon ;)
alvin trieu (1 month ago)
Yeah mining is pretty much over for people with less than 12 GPU
Dayton Yarnell (1 month ago)
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
Dayton Yarnell (1 month ago)
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
Daniel Parraz (1 month ago)
For me, it's just too hot outside, and my electric provider uses a higher rate scale during the summer, so I put my machines to sleep until it cools down outside and the rate goes down to normal.
youknowit158 (1 month ago)
Trying to see your car... What are you rocking?
youknowit158 (1 month ago)
VoskCoin hey keep up the great videos I'm learning a lot for you!
youknowit158 (1 month ago)
VoskCoin It still a fun car... My fun car is a 99 trans am ws6...
VoskCoin (1 month ago)
Nothing crazy just a brz I’ve spent too much money on lol
EPRAMTECH (1 month ago)
Thank you very much dude

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