What it’s like mining crypto in 2017-Bitcoin, Ethereum, ZenCash
First Mining Rig
My very first rig was a pre-built rig from MiningCave that had six RX470s. At the time I didn’t really know what I was doing, but I wanted to get in the game. I made a lot of money with that rig because I mined a lot of ETH right before it shot up. I eventually sold it though once I saw the profitability go down.
Pandaminer Era
Next I bought two Pandaminers and turned my garage into an oven. It was almost 100-degrees and extremely loud. What a nightmare. And I didn’t have electric set up properly for a while. At this point, I was just playing catch up and trying to learn as much as I could. Fortunately, I was able to sell my Pandaminers for about what I paid, which kept me in the game. After that, I thought I have to build my own GPU mining rigs.
The Beginning Builds
That’s when I came across the Trio GPU mining rig build designed by Phil on the Bitcointalk Forum. Trios are made up of two 1080Tis and one 1070mini. They just make sense and they’re future-proof, meaning they won’t really lose their value for resale. The Trios went really well, so I built a lot more. 21 more actually.
There’s a lot of debate on the profitability and value of these rigs, but they’re rock solid. If you don’t believe me, build one. This is the easiest rig to build if you’re new to rig building. You can always expand Trios into a six-card, or a twelve-card and I say this because I’m in the process of doing it right now. I just turned some of my Trios into six- and twelve-card rigs.
Growing Pains
Right now we’re going through growing pains. The Trio was so easy to build and deploy on a mass-scale, but we’re trying to consolidate parts and increase energy efficiency even further. Right now, I try to run max sols per watt which is somewhere between 3.5-4.5 sols/watt. One of the questions I got in a recent video is what’s the difference between a sol and a hash? A sol is basically a hash on the Equihash algorithm.
The Antminer D3 Phase
So, if you’ve been following the channel, you’ll also know that we had two Antminer D3s, which were extremely profitable at first but plummeted within a couple of weeks. And I made sure to keep you all updated and let you know that I thought you should sell the D3 as soon as possible. And by the end of this month, those things will be space heaters. They’re barely profitable anymore.
The Farm
Right now our farm is making a little over $120/day. If you’ve been following you know we mine to hodl. We’ve been mining ZenCash for months and it finally paid off. And yeah sure, it’s coming back down but so does everything else. Right now the altcoins are getting crushed as Bitcoin surges. I’m not the biggest believer in Bitcoin, and I’m not a hater of Bitcoineither, but if you look at other projects, there are so many other projects that have better tech than Bitcoin. But again, Bitcoin is king. And because of that, it maintains that status. I don’t want Bitcoin to crumble, but I’d like to see other smaller coins reach new heights and really truly challenge Bitcoin.
Mining Contracts
Lastly, I wanted to touch on my Genesis Mining contract. I know there’s a lot of spammers out there talking about Genesis Mining and BitConnect. But I have $5,000 in Genesis Mining contracts and I make about $25/day, so it’s not the best investment I’ve ever made, but it’s not the worst investment I’ve ever made either. Ultimately I’m still making money and I think they’re about to open the Bitcoin mining contracts again, which I suggest you look into because my Bitcoin mining contract has been very profitable. My Monero contract was profitable at first because I held and Monero shot up but now I’m only making about $5/day there. With Bitcoin, I’m making about $20/day.
The Future of the Channel
As far as the future of the channel, I have more ZenCash content in the works and I’m working on the Shed Series, but bear with me. I want to make it’s awesome and I’m still working on touching up the place a bit. I also have some cool GPU rigs I’m working on as well as some new ASIC miners on the way. CryptoChick also just got 1070s and will be making her six card.
Other than that, I have a bunch of for sale parts on this thread. Let me know if you’re interested and we can work something out. And if you’re looking into a pre-built mining rig, let us know and we can make it happen. We’re here to help. Subscribe to the VoskCoin YouTube Channel and follow our crazy crypto adventure and let us know how yours is going. We learn just as much from you all as you learn from us!
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