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”
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?”
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”