Crypto 2018 = Mobile Phones 1991

I, like many others, often liken the nascent cryptocurrency market to the early days of the internet and I do, sincerely, believe that it is both fair and real comparison, although I ultimately believe that the impact on human lives across the globe will be far greater this time round.

However, I had forgotten about another equally valid comparison until I was reminded of it whilst dealing with Gumtree on an issue to do with accepting cryptocurrencies for an ad I’d placed. In short, my ads had been taken down because I wanted to accept payment in Bitcoin or Litecoin rather than cash, Continue reading “Crypto 2018 = Mobile Phones 1991”

I am the Gumtree Cryptocurrency Felon – Part II

This is a follow up story – you might want to read the original article first here

So, just I felt that my calls to Gumtree to see reason over allowing ad posters like myself to accept cryptocurrency were falling on deaf ears, I received a response from yet another customer ‘assistant’ seeking to clarify Gumtree’s position, with the usual poor grammar and rather dodgy sentence construction:

Continue reading “I am the Gumtree Cryptocurrency Felon – Part II”

Why I’m betting on Litecoin

Ever since I started investing in the crypto space, I’ve always had a bit of a soft spot for Litecoin. It started as a sort of hunch, much like you might get for a favourite number in roulette or a horse name that strikes you when searching for a Grand National bet, but once I started looking it in great detail, I found it was one I really liked. Alot.

You see, Bitcoin is great, but even early on it was pretty obvious to me that it was no good for small, everyday purchases – and let’s not forget I was actually speaking from proper, first hand experience. Before selling the last of three internet cafes and games zones that I owned, I had offered Bitcoin as a means of payment. It was only ever used a handful of times via Bitpay, but it was expensive and awkward to use and, to be honest, the people who used it were doing so because it was a new and exciting thing, not because it was more convenient. In the boom of December 2017, Continue reading “Why I’m betting on Litecoin”

So I bought an Antminer S9 …

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 …”

Is it still worth mining?

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)┬ábut 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?”