Objectives 1.0

My entry into the world of bitcoin mining will be defined as an experiment. As I still know next to nothing about the subject, I assume that the boundaries and objectives of this experiment will change a lot. But for the time being, I am starting based on the following assumptions:

  • I will probably lose real-life money & damage equipment
  • I will most likely lose crypto currency due to bad advice, fraud or sheer incompetence
  • I will certainly make bad long term decisions about buying/keeping/selling coins

However I have promised myself I will not blame bitcoins for this.

My initial set of objectives:

  • Investigate different ways & means of mining for coins and find the one I am most comfortable with;
  • Make sure that my power bills are paid from any profit I make on a monthly basis

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Ledger Nano S - The secure hardware wallet