VoskCoin began as a hobby project to document my journey into the crazy world of cryptocurrency and crypto mining. My original mission was to build a mining farm as large as I could as fast as I could. I was so confident in the gamble I risked everything that I ever had . . and then a ton of additional debt in pursue of this dream. Ethereum was $40 dollars then and what a wild ride it has been.
Over the last year cryptocurrency has morphed numerous times and with that the entire landscape of cryptocurrency mining has as well. I have been fortunate that my YouTube channel VoskCoin has had exponential growth trending with the cryptocurrency market cap. It has been exciting that others are interested in what I have to say and thus I have been dedicating immense time to my YouTube channel with the goal of becoming the leading cryptocurrency YouTube channel.
For those that do not follow VoskCoin my Shiba Inu, Tails developed thrombocytopenia and it flipped my world upside down. I chose her taking care of her over my previous job and it threw me face first into working from home with cryptocurrency as my full-time job. Since then I work on average 16 hours day, 7 days a week.
I work this much because it began as the easiest way to pass time in between treating Tails but it is also because I love cryptocurrency and the new era it is ushering in. Cryptocurrency is the most interesting field I have ever been involved in and the community overall is excellent. However I have noticed since the market correction we have experienced in 2018 the overall sentiment has changed some.
The "bear" market or overall stagnant cryptocurrency we are experiencing will be a small blip on the chart as cryptocurrency adoption continues to reach new heights of technological advancement and usability. With this in mind I hope the community can band together spreading showcasing how cryptocurrency will change the world, or should I say continue to? Unfortunately with an ever changing and evolving sector, divides will inevitably form. Hundreds of thousands of individuals take part in what is called cryptocurrency mining. Cryptocurrency mining is essentially users dedicating their hardware resources to ensure the cryptocurrency networks are operating properly and are paid in the cryptocurrency of the network that they support. This incentive of receiving cryptocurrency in exchange for dedicating your own hardware fuels the phenomenon of "mining".
Cryptocurrency mining is vital, literally due to proof-of-work and even more so for overall exposure and growth. There is nothing more grassroots than building a mining rig with graphics cards(GPU) in your basement because you want to learn and earn cryptocurrency. I am a huge Graphics Processing Unit (GPU) mining advocate, one glance at my YouTube channel instantly reveals that. However GPU mining is not perfect there is still an economic barrier to entry and with operations like Genesis Mining GPU mining is not entirely decentralized. A better alternative to GPU mining would be CPU only mining or perhaps HDD if explored more, regardless of the ideal hardware the mining algorithm used would need to be ASIC and FPGA miner immune.
Bitmain is the world renowned and dominant Application-Specific Integrated Circuit miner producer under their Antminer brand. ASIC miners are built for one purpose which is to mine a specific mining algorithm and because of that they are much more efficient than using a graphics card which is multi-purpose hardware. Similar to a graphics card a Field-Programmable Gate Array a FPGA is multi-purpose hardware but much more powerful and complex compared to a graphics card. Currently the only miners that the majority of the public can either build themselves or operate with no advanced training are GPU miners or ASIC miners respectively. The concern many cryptocurrency miners have is not with the actual ASIC mining device it is the fact there are very few manufacturers that sell these miners directly to the public where in contrast you could turn your gaming pc into a cryptocurrency miner within an hour. ASIC miners now threaten to consume essentially every cryptocurrency mining algorithm and complacent projects like Zcash that toted "ASIC resistance" are now struggling with how to properly respond.
Cryptocurrency mining is more popular than ever, however GPU mining is under attack. Fortunately there are promising new solutions surfacing such as ProgPOW by OhGodACompany. Unfortunately due to the ignorance of most top mineable cryptocurrencies their networks will be in jeopardy with massive mining power rapidly entering and leaving causing instability, slower transaction times and increasing risks of 51% attacks. Monero was the only high market cap cryptocurrency to quickly respond to the threats on their network once realized and keep their stance of ASIC-resistance.
The reward incentive for miners will plummet in the short-term unless you are speculating on newer and smaller cryptocurrencies. The current ASIC and FPGA producers are too few and foreign to be trusted to provide all of the hardware to operate the world of cryptocurrency. Therefore the only realistic solution to currently move forward with cryptocurrency is to maintain the networks with graphics cards. More emphasis needs to be placed on this aspect of cryptocurrency and less on partnering with pornographic websites. The next plan of action should be to support the projects that are aiming to further cryptocurrency as a whole as opposed to just their own pockets.
It is easy to lose motivation when the market is in a downtrend however I remain positive by researching and sharing new promising projects every other day on the VoskCoin YouTube channel. I will continue to create the most interesting and exciting content that I am capable of covering everything that is cryptocurrency but as always with a focus on cryptocurrency mining. It is clear that if I am in favor of GPU mining and maintain my own personal farm that has more GPU miners than ASIC miners however I will continue to acquire and review the latest and greatest mining rigs no matter their origin. VoskCoin will continue to evolve and adapt, stay up to date as I continue to research and document my journey in cryptocurrency.
