Monday 15 January 2018

Make a Million Dollars In Crypto with $1,000 in 2018?



Let me start by stating I'd love to retire early, but is it really that easy? I've not long watched this video and I have to say, whilst the maths doesn't impress, the theory seems sound. This mining and cryptocurrency lark is definitely fast becoming like a drug to me, maybe I should be worried ;-)

Saturday 13 January 2018

Should you use NiceHash in 2018?

The world’s largest crypto-mining marketplace.
Without question, NiceHash is the best interface of all the Mining sites I've seen. it offers the most intuitive experience for anyone new trying to break into mining. They do absolutely everything for you, all you have to do is set your RIG to mine. Just to be clear, NiceHash uses your computational power to mine for altcoin and then pays you in bitcoin (thx to John Files for pointing that out).

Friday 12 January 2018

If you build, the Bitcoins will come!

New mining Rig parts slowly arriving in a drip like fashion. My 4GB of DDR4 - 2133mhz Memory module turned up today, not very exciting I know, but the suspense is building, just need to order 6x Geoforce GTX 1080 Ti GPU's and I'm pretty much all set to go! My Gigabyte Motherboard should be here tomorrow, hoping to do a build video on putting it all together, configure the BIOS, Install software and show it mining. Hopefully will put that together soon. C'mon Nvidia, pull your finger out and meet the supply and demand for GPU's. 

Turn your passion into profit


Here's a quick look at what you will need, this is just my recommendation on what would make a really profitable Rig and beat those electricity costs. You don't need to worry about CPU, H.D.D drive space or anything like that, as mentioned, its mostly about powering up the GPU's to allow them to run riot at the mathamatical computations.

My first Mining Rig!


One of the questions I needed answers to early on was how much will it cost me? How much can I make and how soon will it pay for itself. The guide to your left shows total monthly income from mining, the payback section is whatever you want it to be, but I wanted to recoup costs as quickly as possible, this also includes covering costs for electricity. The cash balance is what you walk away with at the end of the month.

Beginners Guide to Crypto Mining?

I first heard about Bitcoin way back in 2012, my wife mentioned it to me over dinner "This Bitcoin is the future you know", I didn't have a scooby what she was going on about. She tried to explain it to me, but to be honest, my eyes started to glaze over and unfortunately for me, I didn't take it seriously, "a flash in the pan" I quietly and smugly thought to myself. If only I could rewind time and go back to that evening meal and say "what was that again, Bitcoin you say, tell me everything you know?".