Yes, you are making a little profit but what's important is that you are still luckily making a profit in the spite of all this bs that is happening around the crypto sphere. As long as mining is profitable for an individual, I can see this as a nice side hustle  yes I agree, however if you haven't already done well prior or bought into super cheap used equipment I do not think it is very appealing especially @ the rate asic miners have been rolling out this year . . |
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Well I actually ROI'd a GPU in less than 6 hours when the ZEC launches back in Nov 2016.
Back then the price was crazy high on Poloniex, basically one ZEC was worth more than one BTC and if you were on an actual pool that paid you could of been one of the first few deposits and made crazy gains for almost no work.
The issue with this is that we don't see these gains everyday. It was basically pure luck and it won't help you out in the future.
Haha I did same. I had 30 x 6 card machines at the time and hit zec as soon as it went live and sold it as soon as it hit my account. Man those were the days..., People were FOMO hard on Zec - Supply and Demand baby, it's a beautiful thing. you're a smart man!  |
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only thing she ROI'd was her coins, not her USD. bait.  since thats all she was interested in, its an accurate description pertaining to her & her mining endeavor |
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My first day of mining when I received my Z9mini on 6th Sept was 0.08802152 ZEC -snip-WAKE UP!！ NO MORE PROFITABLE MINER NOW!!!  And you started on September 6... The video was uploaded on the last week of August but it indicated " ROI'd in 8 months", means that there were already thousands of Z9 ASICs mining Zencoins and others 8 months before that video.
bait. Nope, it's " clickbait". Not to encourage Antminer Z9 sales, but for youtube views  The bad thing is, some users got the confidence to buy Z9s even if its too late because of this post, and it's 90% their fault for not researching ( not VoskCoin's). I always strive to illustrate this in videos now, especially when it comes to ASIC mining because the returns diminish so quickly |
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those fucking ASIC manufacturers will kill the whole crypto miming sphere and GPU mining too. ETC developers are already bribed by ASIC manufacturers?  well, last call to dump my rx470/570 4gbs I guess lol |
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This is actually a good thing, other companies showing their ethash asics is a very good thing cause now eth devs have no excuses if powerful asics exist for ethash, although eth devs already knew there are very powerful asics, namely f3, and the new g3 in development from bitmain. Also with these powerful asics being announced it means that the difficult will rise 5 to 10x in few months and price will follow.
did relatively confirmed numbers ever surface for the f3? g3 going to be gpu packed like the g2? Yeah their fake ignorance is ridiculous |
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Team green wins for resale value
gddr5x for the win baby! 1080 TI have held up excellent compared to most of the other cards in my opinion. Especially if you bought in early when they could be had for $600-$650 online retail w/ a CC or simple sale |
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The people who complain about this, simply don't get it. Vosk has a channel about mining, so obviously he has to cover things from a miner's point of view. The miner's point of view is that they want to make money, and as much as possible. The ETH developers meanwhile are trying to deliver a stable product. Ethereum is very complex and its ridiculous for the dev team to sit there and work on forking an algo for what? to stop bitmain's "asic" that really doesn't perform that well but is efficient? This reminds me of the SIA social media guy that finally quit and listed his reasoning. Granted those guys have a lot of problems with Obelisk, etc, but regardless one of his biggest gripes was that 90% of the people posting could have cared less about SIA getting a working product or improving it. All they cared about was ROI, making money/
I try to always be fair and unbiased but I do also voice my own personal opinion -- being a big fan of mining . . it is naturally in favor of mining (reasonably) FWIW Not to start a huge debate but just one point I'd like to make, why would people care about a project they're not invested in? I wouldn't classify it all as greed, it is more like being a part of something. If I can mine ETH, I can acquire ETH that way, I can support the ETH network, and then as I build more rigs / acquire more ETH, I naturally become more involved in the ETH community / ecosystem / vested interest in ETH success. If all I have left to do is buy ETH, I would rather (A) buy BTC a more established / renowned cryptocurrency also a more secure bet OR (B) I would invest into projects that are more speculative where I'd be more likely to see 10x returns (hopefully) Yes of course everyone wants to make money, but not all people are fueled by only self-serving greed. I want to acquire a lot of cryptocurrency, be a part of something, and ultimately be rewarded for seeing the real use case / vision of crypto along w/ being a relatively early adopter Otherwise if I do not stand to gain anything I am better off spending my time on a different job / business / other investments / hobbies etc -- granted I genuinely enjoy/love/ am passionate about crypto, and the above reasons are why I personally pursue it. Right, I mean if your channel was focused on coding and developing, you would of course be talking about a different aspect of this change.  Now what you said makes sense, the more ETH you have/mine would naturally make you more invested in the project. However, I think most people belly-aching about this aren't looking at the long term and instead the short term. Which makes sense to a degree; You laid out the earning in your video, and if someone bought a bunch of equipment explicitly to mine Ethereum (read AMD cards) then their cheeks are getting stretched to fissure and are about to apply the burn gel. If you look at this from an economic standpoint though, current annual ETH inflation is 7.4% and this change will bring it down to 4.5%. Once POS is implemented it will be under 1%. For a frame of reference the current annual Bitcoin inflation is 4.25%. There is a oversupply of ETH and currently ETH is overpaying miners (not going to be a popular opinion I know). ETH has 34% of bitcoin's market cap but is paying out 80% of bitcoin's rewards. Current ETH supply is over 100 million and in the last year $6.6 billion was paid out in mining rewards. Paying miners is to secure the network, not make people rich. Last year the reward dropped from 5 to 3 and since then the hash rate has grown to 3X what it used to be. The hard truth is a lot of people jumped into the mining craze when prices were going up. Now that they are back to earth there are too many people mining. Eventually there will be an equilibrium. The people willing to mine for a smaller profit will continue to do so and a certain part will drop out thus increasing rewards for those who stayed. I'm not upset about the block reward reduction, it seems sort of centralized -- however that is a different discussion I'm upset along w/ most other miners because "asic-resistant" was a lie for most projects. It is obviously implied that asic resistance is a stance -- not a well we are asic resistant until we are not. So the #2 crypto that rolled back their blockchain once already for a huge stain on their record, now essentially lied about asic resistance. If anyone does not understand how that claim from many cryptocurrencies has not been proven to be incredibly bullshit this year, I don't know what else to tell you. Zooko w/ ZEC has really exemplified this with his statements and actions as all of the public equihash ASICs rolled out. Profits are disappointing across the board, but what is the hardest to stomach is all of the bullshit that has been exposed this year. Anyway without going on and on, the argument is less about block reward / earnings and more about asic miners. |
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Already they have copied an idea and claimed to be the first. Minexcoin has offered this "decentralized staking" for over a year now.
The earliest I recall is a few Scrypt coins that do this from within the wallet since 2014-15 No one is talking about wallet staking thats , super old tech ... stop buying the fud and do your own research, what BCI does is completely different from a usability and technical standpoint its like the Ethereum blockchain vs Bitcoin in terms of innovation. Bro: https://minexbank.com/"Unlike traditional banks, in MinexBank you do not need to transfer your funds to anyone in order to receive interest on open deposits. All you need is to “freeze” funds on your own wallet without fear of losing funds as the result of unauthorized access to the centralized traditional bank." You are in denial if you think BCI is anything more than a shitcoin. It was forked away from bitcoin in December when prices were through the roof and a new (and pointless) fork was created every week to capitalize. If you read the first 10 pages of your announcement its obvious they were just making it up as they went along. They had already secured an exchange before their mainnet even launched! Im not going to argue with you bro, Do your own damn research , invest in minexbank no one cares , what I do know is is if BCI is a shitcoin at 25million cap, so is BTG AND BCC they are both forks of btc and the have caps of 300million and over a billion respectively. /shrug what if. . every coin . . is a shitcoin   |
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i was wondering if someone was gonna do the math on actual ROI on these i saw on the website them advertising an 8 card rig making 600$ USD on ETH a month, i was like ok: that would be illegal false advertising in most countries but w.e  nice build, but damn that price tho : / a year ago be leet, too little hash, too much($) now imo ~Geez Vosk, how do you keep pounding out content? your on fire haha. remember to take a break man, all work no play makes Vosk a dull boy They're in the US :O Agreed this rig I'm sure was selling out over the last year, now . . I can't imagine anyone is moving much product Haha thanks I don't sleep much xD -- After this video I actually did take a bit of a step back, I was burned out by the end of this especially since I shot two videos that day. I go in constant mini cycles of content content content burnout content space content space content content content burnout space content . . .rinse and repeat lol Also thanks for the merit! |
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Your topic header should be something like this : Compact + Powerful + EXTREMELY EXPENSIVE + OVER 7 YEARS ROI GPU Miner - Shark Mining Review | 4x 1080 TI Rig | 200 MH/s[/b][/size][/center]  For over 5000$ ? with a 2828 days ROI with today exchanges rates Its should be a april fool joke right ? [/b][/size] some people mine for the novelty of it, I stated in the video your ROI would be very low |
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T[/size]
Dam youve really become a sell out. $5000 for a 4 gpu 1080ti system really. 8 GPU 1080ti systems aren going for less than that on ebay. lol just because I cover a business based in the US that isn't a scam producing pre-built options does not mean I am a sell out. My channel is for everyone, not just those who can and will build their own rigs. Be a bit more open-minded. |
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Most people assume mining hardware is a fixed sunk cost when it often can be converted back into operating capitol - although at a value lower than acquisition price. As far as I can tell - the only hardware that absolutely becomes trash after 1 year is an ASIC miner. USB risers, motherboards, CPUs, RAM and of course video cards all have some value after 6 months or 12 months of mining. Every 2 months (or more frequently if the market is crashing) I evaluate if I am losing more in devaluation of my hardware than I am earning mining profits. In Vosk's case he's earning one tasty Chipotle burrito a day - and I'm sure tails takes most of that. But 50 cards may be losing 2 to 3 burritos a day in value. I think the 1070 and higher cards will hold their value decently well, but the 1060s and 1050s are going to crash hard (4k and 144Hz monitors demand more than a 1060). But it always must be considered how hard is it to liquidate a video card in a deflating market. Right now it's. In January I was selling 2 year old RX 470s with 1 year of warranty for $450 cash (the nice MSI Gamer X ones, not crappy blower ones) in Los Angeles. I posted them as mining cards and told the buyer the optimal settings I had found. If you try to sell a card now you'll probably say "was never used for mining" and when they ask you what games you played at Ultra High you say CS:GO Losing total burritos by the day is a depressing statistic DrG! Sad to think about that hardware price drop, reference top of ebay search today  |
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Those are all mine....
How about solo mining? Have you ever felt interested in doing solo mining? With your current Hashing speed, I sure you have more choices. nah even 50gh is too small in my opinion. I'd rather just go for the sure thing so to speak lol. VOSK sorry to hijack lol! When you coming to my facility fooker! haha never a hijack man Hopefully sooner than later, I want to check it out and would make for some awesome content! |
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The people who complain about this, simply don't get it. Vosk has a channel about mining, so obviously he has to cover things from a miner's point of view. The miner's point of view is that they want to make money, and as much as possible. The ETH developers meanwhile are trying to deliver a stable product. Ethereum is very complex and its ridiculous for the dev team to sit there and work on forking an algo for what? to stop bitmain's "asic" that really doesn't perform that well but is efficient? This reminds me of the SIA social media guy that finally quit and listed his reasoning. Granted those guys have a lot of problems with Obelisk, etc, but regardless one of his biggest gripes was that 90% of the people posting could have cared less about SIA getting a working product or improving it. All they cared about was ROI, making money/
I try to always be fair and unbiased but I do also voice my own personal opinion -- being a big fan of mining . . it is naturally in favor of mining (reasonably) FWIW Not to start a huge debate but just one point I'd like to make, why would people care about a project they're not invested in? I wouldn't classify it all as greed, it is more like being a part of something. If I can mine ETH, I can acquire ETH that way, I can support the ETH network, and then as I build more rigs / acquire more ETH, I naturally become more involved in the ETH community / ecosystem / vested interest in ETH success. If all I have left to do is buy ETH, I would rather (A) buy BTC a more established / renowned cryptocurrency also a more secure bet OR (B) I would invest into projects that are more speculative where I'd be more likely to see 10x returns (hopefully) Yes of course everyone wants to make money, but not all people are fueled by only self-serving greed. I want to acquire a lot of cryptocurrency, be a part of something, and ultimately be rewarded for seeing the real use case / vision of crypto along w/ being a relatively early adopter Otherwise if I do not stand to gain anything I am better off spending my time on a different job / business / other investments / hobbies etc -- granted I genuinely enjoy/love/ am passionate about crypto, and the above reasons are why I personally pursue it. |
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Wake me up when BCI solves any sort of problems or brings new ideas to the cryptospace.
Well it's up 22% right now so I guess it's possible they did something right. bitconnect used to be up all the time too lol  |
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