BIP-110 Bitcoin Blake2B Mining is still INSANE…
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I bought a Goldshell SC5 Pro Bitcoin miner for around $500 — and it has now generated roughly $2,300 worth of Bitcoin in just a day.
The reason? The sudden explosion surrounding BIP-110, Bitcoin Blake2B mining, and the huge demand for Blake2B hash rate.
In this video, I break down what is happening with BIP-110, the new BTCB2 market, Bitcoin Blake2B mining, MiningRigRentals demand, and why older Blake2B ASIC miners like the Goldshell SC5 Pro, SC Box, SC Light and other Siacoin miners have suddenly become extremely interesting.
We're also seeing some absolutely crazy prices for these miners on eBay, with certain Goldshell and Blake2B ASICs selling for hundreds or even thousands of dollars.
But is this sustainable?
I don't know — and that's the important part.
I'm taking a risk because my original $500 SC5 Pro has already essentially paid for itself. I've also picked up another Blake2B ASIC to see where this opportunity goes.
In this video:
• My SC5 Pro earnings
• What is happening with BIP-110 Bitcoin
• BTCB2 and the first exchange listing
• Blake2B mining and ASIC demand
• MiningRigRentals hash rate explosion
• Why rental prices are changing
• Crazy eBay prices for Blake2B miners
• My new 19 TH/s Blake2B ASIC purchase
• Mining pools and solo mining
• Why I think people are buying these miners
• Whether this mining opportunity can actually last
• Why you should NOT FOMO into these miners
As always, this is NOT financial advice. Crypto mining is extremely risky and the situation around BIP-110 is changing rapidly.
Let me know what you think about BIP-110 and how much you've made mining or renting out Blake2B hash rate!
Chapters
00:00 My $500 Miner Made $2,300?!
01:27 What's Happening With BIP-110?
04:21 What Happened to BTCB2?
06:14 How Much Blake2B Hash Rate Is Being Rented?
08:30 Why Is Everyone Buying These Miners?
10:41 How Much Money Are People Making?
12:35 Why Are These Miners Selling for Thousands?
14:08 Should You Buy a BIP-110 Miner?
#Bitcoin #BitcoinMining #BIP110 #CryptoMining #ASICMiningShow More
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