Oct 31, 2017 by Paul White
Bitcoin has rised to $6000 a coin. This has encouraged many in the investment community to label it as a bubble that is backed by nothing. Yes I haven't heard a single person from the tech industry with the same view. Lets for a second pretend that one day Bitcoin Crashed. I don't mean a sudden short term drop in value, I am talking that the market for bitcoin was absolutely destroyed. where your bitcoins were worth absolutely nothing. What would happen to everyone who was benefiting from bitcoin.
Sep 4, 2017 by Paul White
Recently I decided to utilize my workstation's video cards to mine for Ethereum while I am not working and sleeping. My 2 GTX 1080 running 24/7 should yield me about $100 / month, not taking out electricity cost or wear and tear on my hardware. But then I started to wonder where will the Peak in Ethereum be? So I worked the numbers.
Sep 27, 2015 by Paul White
Its a sad day when you start to reflect on your life, and realize that the best investments you ever made were ones you bought when you were 10 years old. Thats the realization I came to when going through my coin collection.
Nov 14, 2014 by Paul White
After upgrading my graphics card ealier in the year, I gave up on bitcoin mining. Not because the returns were quickly dropping as the Hive's Hashing power continued to increase, but because of the amount of heat a monster video card creates. That combined with a hot texas summer, and a home office that does not have a dedicated AC unit, instead its central air, caused me to prefer comfort over Mining. But with it now being mid November and temperatures dropping in Texas, I had a new reason to Start Mining again. To Keep my office warm and cozy.
Dec 8, 2013 by Paul White
Months ago my ego told me to buy 20 USB ASIC miners, and start mining for bitcoin, but I instead restrained myself from this purchase. Now looking back I regret not going ahead with my mining operation, as Bitcoin now hovers around $765 each. At the time I was consideirng this, Bitcoin was around $82 each. But the question still remains. Is it too late to get into the Bitcoin mining game?
Jul 22, 2013 by Paul White
For a brief moment in time, the Network's Hashing power was getting close to 280 Thps. Bitcoin had its biweekly reset of the difficulty level. From the looks of it, this has eliminated any profitability of smaller scale GPU based mining operations.
Jul 19, 2013 by Paul White
When you are considering upgrading your computer's hardware in an attempt to mine for Bitcoin, one the firs tthings you want to know is how much processing power does it take to mine a single Bitcoin, and how long will it take? I have worked the numbers based on the current difficultly level.
Jul 17, 2013 by Paul White
When you first start getting into the bitcoin mining business, you have two choices to make. Should I build a GPU based system with several graphics cards, or should I just buy a bunch of USB ASIC Block Erupters? The Answer lies in how commited you want to be to mining bitcoin, and how much faith you have in this crypto currency.
Jul 15, 2013 by Paul White
I just can't stop thinking about Bitcoin. Its sounds great doesn't it. You just run some software 247 and you make money. But I have come ot the conclusion that the only way to get rich with Bitcoin is to take things into your own hands.
Jul 12, 2013 by Paul White
When I first heard about the crypto currency. My first thought was biggest ponzi scheme ever. But after some research I have a better understanding of how it works. I even have started mining for bitcoin just for fun. But the biggest question you have to ask yourself. Can you really make money mining for Bitcoin?