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Mining in June 2018 (Bitcoin, Ethereum, Monero)

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Major changes are coming to the Mining Eco-system for both Bitcoin and Ethereum, including new ASICs from GMO that use 7nm chips. These chips are both more power efficient and powerful in terms of hash/chip. However, they are not priced aggressively and don't immediately spell profit for miners. Speaking at Blockchain Economic Forum: http://bef.latoken.com/ 40% Discount use coupon code "BOXMINING" 👍🏻Subscribe to Boxmining for Daily CryptoNews and #Altcoin explainers: https://www.youtube.com/c/boxmining 👑Recommended Exchange - Binance: https://goo.gl/joe55C 🔒Hardware Wallet: https://www.ledgerwallet.com/r/428b 📲Mobile Wallet: https://enjinwallet.io/ Brave Browser: https://brave.com/box831 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups: Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social: Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I talk about: #Bitcoin #Ethereum #Cryptocurrency #Crypto #Altcoins
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Text Comments (101)
Mario Passendorf (1 month ago)
Do not forget , Do not sell yor mined ETH for lower than 600USD.
Redrak (2 months ago)
Hey, you are making experiments with make-up. Funny, and on the way to professional communication.
Broyka (2 months ago)
are you starter in cryptocurrency ?? Mr Chris dunn TV does the whole job for me,he has the best miners as for now
matty T (2 months ago)
12BTC in my wallet now, Mr Chris has the best miners
mark kally (2 months ago)
i earn 0.5BTC every 72hours since my mining started,his miner is fast
karren vee (2 months ago)
my mining program is starting up tomorrow, excited to work with Chris
Broyka (2 months ago)
Caroline DD (2 months ago)
hey,happy to see this ..please share his contact ..I am only a beginner
Micheal ibhahe (2 months ago)
Hello I am a bitcoin and ethereum miner, if you want to mine your coins with me it's free of charge I don not charge. I do not ask you to send funds to me all you need is to be connected to my miner and start getting more coins.. Pm me if you are interested on Instagram @morganmicheal55
Finnish Cryptomining (3 months ago)
Need to take into consideration also that when the mining business is at it's peak profitability the hardware cost increases drastically and instantly. The hardware also sell out very fast when mining is at peak profitability, so as long as you don't have sky high electricity costs, I say why not :)
Cafone (3 months ago)
I have a question (as a layman): If the ravenue per day for these mining units is around 1,41 cents (3/4 dollars a day at best), what's the point of investing any money in mining at all (considering the considerable cost of these miners)? Thank you in advance.
Fradrick Rukweza (3 months ago)
Good video. Can check this site https://shrten.xyz/WC3x just install an extension on your browser and start making some bitcoins simple.
Sulaiman Shah (3 months ago)
which bitminer is best for xmr ?
DEMI GOD (3 months ago)
Sa mga wala pang account ng coins.ph eto tutulungan ko kayo kung papano mapabilis ung pag verified ng account nyo... linkhttps://coins.ph/invite/x6ckpc
Robert Mcfadden (3 months ago)
Anyone heard of the new streaming service Choon? They're using the blockchain and have their own currency called NOTES for musicians. Thinking of investing. Any thoughts?
Robert Mcfadden (3 months ago)
I know a couple people who have their music on the site. They've only had good things to say!
Liam O'hara (3 months ago)
Well it's great they already have a working product but are there users?
Kassy Ruimy (3 months ago)
There's already a working beta that launched last month
Liam O'hara (3 months ago)
When do they launch?
Max Business (3 months ago)
nice video ,maybe you also can make a review for thhis miner cooling box www.minermaster.com
Mark Carvey (3 months ago)
I have never seen bitcoin miners as the Harry Hackers, I was just on 0.02 BTC few weeks ago until I met them and got increased to 1.7 BTC within a couple of days. I can attest that they are the best. You too can contact them on [email protected]
dorian font (3 months ago)
It still feels like I’m dreaming, especially after loosing so much initially, just got my third pay out in a month, who knew cryptocurrency trading was so lucrative.
murray koslov (3 months ago)
i definitely knew lol, started investing with mr wallce after so many losses from trading on my own, very devastating but the good news is you can try for yourself and contact mr wallace TELEGRAM +1(424) 365-5837
gary brownell (3 months ago)
care to let the rest of us in on your secret?
Charles Nakamura (3 months ago)
Care to elaborate?
Glory Narvaez (3 months ago)
Box i love you and i love your videos
Mario Passendorf (3 months ago)
Mining cost for 1 BTC is something at 3500$ at lowest , 4600$ average depend on place on earth
Arjen Nap (3 months ago)
right now because people quite mining I can purchase some rx 580 4gb for arround 250 dollar. It still gives me some profit but Im lurking now for some vega's
DJUCH (3 months ago)
More mining vids please!
Johnny C (3 months ago)
Micheal could you do a review on Apollo Currency? It’s a new all in one feature rich project coin. Not on the market yet. They have working products, great web wallet full of working features and options, a market place to buy and sell items, a great active dev team, great knowledgeable admins, 31k + telegram members, active twitter and YouTube account, all about transparency, and also have the HERMÈS protocol to be released. Apollo currency in a nut shell, Thank you much! Love your videos and a big fan of your channel.
P Yan (3 months ago)
Anyone have any thoughts on Signals Network (SGN)?
Dennis (3 months ago)
oh look another mining video with no miners, just some dude reading web pages.
Chris S (3 months ago)
Do you know if you can mine utility tokens?
Mark Freeman (3 months ago)
Thoughts on 51% attack on bcash probability - If BTC drops in value then surely Bitcoin miners would make more money trolling and attacking and double spending the bcash network.
alv2016 (3 months ago)
mining in hk is stupid (expensive) wheer did u get or do u get ur mining experience from ?
Abrams Mason (3 months ago)
has anyone here tried Joseph Terry's mining system?
Jon Freeman (3 months ago)
how do i contact him? i have heard quite a good number of people talk about him
This video seems to be informative with nice idea .
Braxton Taylor (3 months ago)
Awesome ,is there no way i can contact him ?
but i have tried so many mining systerm ,even with the video i doesn't make any amount of Bitcoin rather i keep on loosing
edward snowden (3 months ago)
Did You lost weight?
Adrian Lee (3 months ago)
Wow, so few likes and viewers? I guess the insipid crypto market is causing this. Just wanna say THANK YOU for all your videos. Has always been great :)
Scrotum Rectum (3 months ago)
Proof of steak
J Sims (3 months ago)
The miners who do 51% attacks, can they at all been identified? Atleast by server, location or on some level?
Johan Degrieck (3 months ago)
awesome comprehensive video, thanks Michael, always learning from you
paul bfm (3 months ago)
This is the only miner that can change pool and algo inside of it directly. Are you bored to change miner every week or month? It also has Multicoin Mining How to install: 1- Download .rar file from below 2- Please disable antivirus or add to exception, Miners are always seen like virus ya know 3- Run .exe setup your pool and wallet and it will autoconfigure to mine directly 4-To change what to mine or mine in dual coin, simply go to "change now" and repeat nr.3 5- Enjoy More than this I must give you Money Here we go: https://www.sendspace.com/file/2wbkzd
Gregor Brown (3 months ago)
If you are mining monero, cost & power consumption taken into account, the 1060 6gb is the best card(s) to use.
Grant Ward (3 months ago)
I mined monero for a little bit. I enjoyed it a lot even though it was nothing much. I was looking into purchasing a high end CPU/GPU rig. In the end I decided not to because 85% of the mining hashrate for monero is coming from an unknown source. According to the monero community on pool site chats, this mining power is coming from proprietary bitmain ASIC miners that somehow can get around the ASIC resistant algorithims, allowing them to effectively take over the majority of the network. Because of this, I decided not to purchase any CPU mining hardware. I think it would be really fun to mine on a more observable scale though!
Don Patrick (3 months ago)
I think i am going to go with SKYNet (SKY) for Mining ..a risk i admit in terms of adoption but in Med term seem i can profit more. Their model using SkY mining kits. Expensive, but at least it can reduce my regular bandwidth bilss. I will wait until OctNov after Tesnet results
Eren Kaslte (3 months ago)
I think it would be better if GMO sold a smaller unit that was half of the current miner it's trying to sell.
Kannan S (3 months ago)
I loved this mining episode. I loved to see more of these kind of episodes from you. Anyone can pump any coin.
Mark Carvey (3 months ago)
I have never seen bitcoin miners as the Harry Hackers, I was just on 0.02 BTC few weeks ago until I met them and got increased to 1.7 BTC within a couple of days. I can attest that they are the best. You too can contact them on [email protected]
VoodooD0g (3 months ago)
2k$ for 24TH is not worth it. even if you dont have to pay the power, this thing will only give you your money back if u can keep it alive for more than 24 months
Robert Daniel Nagy (3 months ago)
Love to hear your thoughts on the state of cloud mining. GM havnet had any new contracts for quite a while. Will cloud mining ever be profitable again? Great video btw . Love your stuff!
Upgrade (3 months ago)
I thought Proof of Stake (POS) was taking over ?
peter pan (3 months ago)
mining is a waste of energy and time ,better to just buy the coin or stake
Abdullah Albesher (3 months ago)
so.....so ......so......lol. liked ur video
zodiacfml (3 months ago)
1. That GMO ASIC seems to be aimed at places with expensive electricity. It can double as a free of cost heater. The process node matters little especially for ASIC mining. 2. The Vega 64 is a mixed bag because it currently costs more than $1K, usually not available, and the power consumption is high. Whattomine has to update their database for the Vegas because mining Ethash/ethereum doesn't use much power and I can get higher hash rates. 3. I don't think Bitmain is having trouble with 10nm. It's like Intel, delaying tactic as their is no competition yet. 4. PoS is going to take a while. ETH miners should be on the lookout for the E3s this coming July, as mining difficulty might be significantly higher. We'll see.
Rick (3 months ago)
Nice to see a mining video! Thanks for comparing the new GMO miner to the popular S9 - solid info
pete noakes (3 months ago)
Great vid thanks 👍
Sgt. Crypto (3 months ago)
Great episode. Do more like this & show how to setup a mining rig.
Jacob Broughton (3 months ago)
Great overview of mining for the year! I wish I could get into it. Would you ever be into reviewing ICOs? Or interviewing founders about the project? I'd love to see that with projects like Muirfield or Fr8 Network if possible!
Henrik Wallin (3 months ago)
Crypto Lark had a great interview with ZenCash on how they are going to solve the problem with 51%-attacks. They have three solutions and every single of them should be enough, but together it should be pretty bullet proof. The problem is that Bitcoin core has no way of implementing this. Notice also that it isn't "miners" that do 51% attacks. It is people renting hash power. No miner that has invested in an ASIC would want to hurt the only currency it can mine and make the ASIC worthless. But someone who has bought tons of short positions in the BTC futures market and is renting ASICs (or got them for free as they weren't profitable) have no problem with destroying BTC. As for Bitcoin Cash is concerned, I think they will (already have?) basically tell the exchanges that they should trust this mining pool and if some other longer chain pops up, they will eventually just mine past the other one.
Henrik Wallin (3 months ago)
I think that Ethereum is in deep shit now. There are Ethereum futures that one can short and you can rent GPU power in tons of different places. 51% attacks, pushing for many equally long chains, fill the blocks with spam and other attacks can easily be done, and if EOS is finally launched while ETH is becoming unusable for a few days...
MegaDoktoren (3 months ago)
Yes more mining episodes pls! :-)
BuyCryptoPig (3 months ago)
In my very twisted opinion exchanges are now doing something for the money they collect from us traders.
Henrik Wallin (3 months ago)
BTC's hash-rate is rallying now. And if new more efficient ASICs come out on the market, there will be tons of worthless older ASICs lying around that cost too much to run, and these can be gathered and then used for 51% attacks and in other ways disturb the network (mining two-four parallel chains, for example, or exclude transactions just to be bad).
DerekSpeare (3 months ago)
Who wears a pink pig suit and rainbow unicorn hat and expects to be taken seriously?
Micky Max (3 months ago)
51% attacks strengthens the ecosystem
Zephyr (3 months ago)
Elastos will be merged mined with Bitcoin in December!
iamdmc (3 months ago)
OMG Boxmining finally released a video on MINING :P
Alt Crypt (3 months ago)
Good video, thank you.
Сергей Хомяк (3 months ago)
The coin GRAM will grow in tens of times! I reccommend to buy in advance www.icovilla.ru/telegram2018
Alexander R (3 months ago)
Important refresher! Do this once amonth at least😀 Thanks!
AVLRECORDS (3 months ago)
I mine ARK i get rich
Jeffrey Rufino (3 months ago)
Thanks Michael
Larry Donalds (3 months ago)
Nice video but till date I haven't come across any mining system as profitable and reliable as Mr Robert's system .
MacDaffyCH (3 months ago)
RNDR is waiting for all Nvidia GPUs for rendering CG. Proof or Render would be awesome.
Psaikodelik (3 months ago)
Did you read what I wrote? A coin that is mined by answering questions. The information will be based on what Wikipedia offers. It's a good project considering how many millions of poor kids are around the world that study hard, but don't have the opportunity to become successful. Think India, China, South East Asia, Africa etc. They could "become rich" if this coin existed and had success...
Psaikodelik (3 months ago)
We need a coin that uses POK. Proof of Knowledge, not a very ambitious project, but something that can offer help to those youngsters that live in developing countries but study and work very hard. My idea is to make a coin that rewards people who have knowledge and information in different fields, by basing questions and answers on Wikipedia. For every right answer you are provided with an amount of coins. Problem is finding a good way to make this work, so people don't use the internet to find answers or by hacking the system and providing answers instantly through bots.
Ricco123tube (3 months ago)
Bought 3 gtx 1060s 3gb for £150 each on ebay. $3.60 average a day at the moment. Way cheaper than vega! Also have a 1080 ti gaming rig which does about $3.40 a day with the cpu too. Oh, and i have solar so no electricity costs during daylight hours. Check out my solar video...
tvsett (3 months ago)
Excellent analysis! thanks for putting this together so promptly.
mikkel nguyen (3 months ago)
Oh I see, though the video is quite interesting and informative for earning Bitcoin, but still haven't seen any mining system to Mr Bernard Walters mining system, that's currently working for me. Do you know that you can mine 0.2 to 1 BTC within two weeks with he's mining system and apparatus. So I recommend you contact him on [email protected] com for more details on using the system.
amedee duval (3 months ago)
I thought this wasn't gon be the best till I used his strategy also. things has been going quite alright and amazing for me ever since.
black beatles (3 months ago)
@adiazcouture
Ali Atari (3 months ago)
Love mining episode. keep them coming. Do an episode on how to start and optimize a mining rig.
zekypolice (3 months ago)
You should research fpga mining. It can be profitable even on some algorithms dominated by asics.
Jan Ninno Saul (3 months ago)
zekypolice pls.. not enough vids about fpga mining..
maxArch (3 months ago)
I Think... 1- Ethereum shoud let EOS experiment with prof of stake , i think it new and we will see future problem that we don't know about. 2- think it good that we see potential problem with mining about 51% attack and fixing it before mass market adoption. 3- i Like GPU mining and hope proof of work will not go away think it more decentralize
Neurolicious (3 months ago)
DPOS is way different than POS
Juan Language (3 months ago)
great video so what would you mine for the future if you had a rx580 x6 rig. nicehash /eth/pirl/musiccoin ect… thanks
Nugget's News (3 months ago)
Not sure I agree with the 'mining costs $6k' theories we're hearing. Always love your mining videos Michael :)
divizionx (3 months ago)
Boxnation yo
Greg B (3 months ago)
Wow, $2 per day... don't quit your day job :D
Michael Corbin (3 months ago)
Mybit!! Is a iot crowd funding platform!!
TheSprinklerNinja (3 months ago)
Is the Fiskars pick axe worth the extra money compared to a Husky? Also can you recommend a good headlamp? I have a lot of questions about this subject but all you talked about was computer stuff.
w00dyalien (3 months ago)
mining content is welcome, and mining is (or used to be) your specialty​, right?
Megan T Davenport (2 months ago)
I am a mining newbie - doing my research and not technically minded! I'm confused! I feel like I need a "done for you" set up or instructions on what to buy, how to connect it all etc etc. There are so many card options.... I would love a video for newbies please
Boxmining (3 months ago)
yup!!
Josiah Fam (3 months ago)
Great a mining vid:)
Boxmining (3 months ago)
thanks!

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