I have to have a word with myself about marketing. This is not a blog that is likely to attract the passive perusal of a passing punter, no matter how much alliteration I put in the opening line. It IS, however, a blog you’d want to read if you’re involved in mining – at any level – for Crypto currency.
If you’re not sure what mining is, then you’re probably getting a bit ahead of yourself here, but if you do and you’re already doing it, or thinking about it, then you’ll need to read on. Continue reading “Crypto mining and the tax man”
I can’t really believe it’s been well over a year since I started mining with CyberianMine as I blogged about here at the time. Then, my single Antminer S9 (nicknamed’ Eddie’) was happily punching out 13.5 Th/s and collecting sats 24/7. Every day, a small amount of Bitcoin was automatically transferred to my wallet and, like a savings account earning a small amount of interest, it grew and grew. That little Antminer is still whirring away right now, even as I type, in a facility deep in the Siberian landscape. It’s never broken down. It’s an amazing bit of kit. Continue reading “Mining with the ‘big boys’ – One year on”
Home and small operation mining has very much fallen from favour since the crazy days of December 2017 and Bitcoin mining from home became all but impossible a few years ago, so what is left?
Even since I wrote the article “Is it still worth mining?” just three weeks ago, things have changed again. GPU prices continue to fall, AMD have announced an expected continued fall in card demand in their latest earnings call and many miners have decided to call it quits flooding the market with cheap second hand cards, adding to the woes. With prices down, huge players continuously entering the market and controlling the hash rate and difficulty level, is there any hope at all for the small operation or hobbyist miner? Continue reading “A ray of hope for small miners?”
It was inevitable I suppose.
Having been mining cryptos for some time now it had become a bit like a drug addict searching for the next – bigger – high. From the moment I first started with my first little Nvidia 750’s and saw those figures dance across the screen, pulling in a fraction of a fraction of the then almost unknown Monero, I was addicted. I still have that operation, running 16 of those cards, as well as ‘Big Blue’ the 12 card 1080ti rig, but I’d always wanted an Antmimer S9 to mine the big boy directly – Mr Bitcoin. Continue reading “So I bought an Antminer S9 …”
It’s no secret that mining profitability, volume and prices have all dropped significantly in the last six months. As always, as the facts come out, the reasons for this are pretty clear (and in some cases alarming) but how does that affect our strategy as miners going forward?
I have three mining operations. One is using a bunch of local PCs in a commercial environment to mine part time when the PCs are not in use. These specialize in Monero (XMR) as it’s a nice, low impact algorithm. It produces a few Monero a year which I have been stockpiling.
The second Continue reading “Is it still worth mining?”