Crypto mining and the tax man

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”

Mining with the ‘big boys’ – One year on

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”

Mining on ‘redundant’ PCs

I love stuff where you take a redundant resource and make it useful, or take a business case and make it more efficient by adding new tech. This is probably why I love things like renewable energy or new tech that makes our lives – and planet – genuinely better. Mining for cryptocurrency probably doesn’t (yet) cover the latter due to it’s global power consumption issues, but I so strongly believe in it’s use case for the former that I can overlook this. For now, anyway.

I’ve had many businesses over the years, but for a couple of decades I owned a chain of internet cafes and games zones in the English home counties. We were the second to market in February 1997 and, at the time I sold the last of the branches in Reading, Berkshire town centre in April 2018, we were the longest running establishments of their kind in the UK. As far as I know, the new owner has carried on and built on what we started.

Continue reading “Mining on ‘redundant’ PCs”