Showing posts with label cryptocurrency. Show all posts
Showing posts with label cryptocurrency. Show all posts

Thursday, October 18, 2018

Anticipation! Waiting for my Moonlander 2 USB ASIC Miner from Futurebit

     Hey guys! I'm here today to share my how excited I am about the fact that tomorrows, my first ASIC miner will arrive so I can begin my first foray into the world of true mining. I got into mining not too long today, and have been using a fairly old laptop to mine Monero on Minergate (I am thinking of switching pools once I mine out one full XMR because I have been researching and there's a pretty wide consensus among the cryptocurrency mining community that Minergate takes part of your hashing power as a tax after they already have a 1.5% fee), and I am honestly pretty surprised at how well my computer has handled just CPU mining Monero (XMR), it has taken a while and it'll be maybe another week or two before I have a full one, but it's this that got me fascinated with the idea of mining.

     Now, obviously mining Bitcoin is almost impossible unless you cloud mine or are one of the people that runs a server farm (the majority of Bitcoin is mined in China by buildings purpose built to hold servers with the fastest GPUs, not giving many of us average people the chance to be able to mine Bitcoin). So, I decided to begin my journey into the world of cryptomining by order a Moonlander 2 USB ASIC miner from Futurebit. The shipping is a couple days behind schedule but the Futurebit customer service people have been amazing in answering all of my questions. If this goes well, I intend on expanding the hardware I have for mining exponentially for a few different types of coins.

     The Moonlander 2 mines 3 MH/s to 5 MH/s on Scrypt-based coins, a perfect intro speed for anyone looking to mine Litecoin or other other Scrypt based coins like Dogecoin, and many others that seem to have growing potential nowadays. If the Moonlander 2 can achieve of something that meets or exceeds my expectations, even with overclocking, I am pretty sure I am going to take the initiative and pick up a few used Bitmain ASIC to start seriously mining a couple of different currencies, I personally think that the future fortune that can be unlocked will be based on a variety of coins from different algorithms, making it intelligent and viable to mine several different coins.

     I see a future with there are a plethora of Ethereum based coins, Blake(14r), Scrypt, and Cryptonight coins that all have a hefty price increase, and this could be something that happens soon. Or, it could be that we are just waiting for the right coins to come along that will send the crypto world into a frenzy along the lines of Bitcoin (while probably not quite as huge, but still plenty to make some people very, very wealthy. I would suggest that people watch the crypto world like a hawk for the next three months, and keep a close eye on ICOs, because there are going to be coins coming out that will create a new opportunity for those of us who missed the Bitcoin or Ethereum wave. 

For anyone who is curious about a good way to get into mining cryptocurrency and be able to gain some experience to decide if stepping up and trying to go bigger is for you, here is the link to the Moonlander 2, it's reasonably priced and one of the most powerful stick ASICs on the market. http://infopade.com/4qDU

I will be doing an opening and set up guide for the Moonlander when I get it, so tune back in on Friday to get a special look at the Moonlander 2 and get a set up guide I will try to make as easy to understand as possible! Thanks for reading guys and, see ya soon!


P.S. I'd like to apologize for the inconvenience of the adf.ly links, this blog is just getting going and I am trying to find a way to help me be able to focus on it, and right now I am not bringing in any ad revenue but it's appreciated that you guys use the links and don't hate me about them.

Monday, October 15, 2018

Welcome to the World of Crypto!

     I just want to take a second to welcome everyone to the beginning of this journey. Cryptocurrency, blockchain, dApps, there is so much more to the crypto world than people realize. That's the kind of community I am looking to create here, I feel like a lot of people almost seem to forget that crypto is almost like an ecosystem, all they see is the rolling hills that are cryptocurrency. Obviously, cryptocurrencies are the main thing we all focus on (besides developers themselves), but cryptocurrencies are not the only way that wealth will be built during what I like to think of as the 21st century equivalent of the dotcom boom. There is one caveat to my beliefs, I think by the time it's all said and done, crypto will have created much more wealth, spread over a much larger segment of the world population, and the continuity and innovations of the crypto community will most likely continue to steam through the early 2020's at least.
     My passion for crypto stems from the fact that the markets are so openly accessible, allowing a huge segment of the population to partake in the community and innovate and create wealth in a manner so much more fairly distributed than the dotcom boom. Of course the stock market is easy to access nowadays via apps, but even with all those barriers lowered or demolished, crypto still blows the stock market a way in terms of general accessibility to people from all walks of life, poor to rich, white or black, all across the world. Then there's the community, cryptofolk are so unique. No one sets a position on a cryptocurrency with the intent to somehow artificially manipulate it at the expense of others, something we all know happens on the stock market all the time.
     As the number of blockchains continue to explode, and more and more cryptocurrencies are created, the opportunity for all of us to prosper increases. We all give back somehow, whether it's downloading every transaction on a new blockchain to set up a node for the chance of striking it rich, to investing with the ever more accessible and innovative trading platforms that are appearing, to affiliate marketing for a platform we're passionate about, this community is truly unique, and in my opinion crypto stands a head above many other earth-shattering financial events. I feel that it could be because crypto isn't just a financial boon for all of us, but because it has so much social involvement, we invest our blood, sweat, and tears into crypto to learn as much as we possibly can, and as such we appreciate the sacrifices of our fellow cryptofolk. I'm proud to be invested both financially and emotionally in such a giant movement, it is us that will change the face of every aspect of society with the innovations we create, leaving a mark on society uniquely signed crypto.


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