Monthly Bitcoin Earnings: 19.20343 mBTC (approx. €42.50 at exchange rate on date of writing) Events that shaped the month: After reaching record value around mid-June, BTC/ETH/LTC were more than 20% down a week later, and slowly regaining value Many PC hardware websites have posted articles on bitcoin mining, e.g.: PC Perspective: Let’s Talk About Mining (Revisited)… Read More Earnings Update (June 2017)
I am still trying to make sense of the economy of bitcoin mining and how it resembles other types of economic activities that have been around for a while. It occurred to me today that mining for coins is somewhat similar to investments in mutual funds. Making a Living in the Real World With a… Read More Bitcoin Mining = Mutual Fund?
Probably one of the first service names a bitcoin rookie learns is that of Coinbase. The internet is full of praise for ‘the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin’ and I guess we’re stuck with them at least for the time being. However there are multiple issues with the… Read More Why I Don’t Like Coinbase
Update 11 July 2017: Since I initially wrote this article, NiceHash announced a change in withdrawal fees which makes them more favorable. Credit where credit is due. Choosing the right bitcoin wallet for your NiceHash payouts is not a decision to be taken lightly. Depending on how much you can earn per day and what… Read More NiceHash Payouts
I wonder if there is such a thing as a ‘better time of the day’ for bitcoin mining? I’ve noticed on more than a few occasions that NiceHash profitability floats around 1.0-1.1 mBTC during my daytime, and jumps to 1.2 mBTC or more after 2:00am. Worth investigating some more.
I am not telling you how to succeed at bitcoin mining; I am asking. In this post I will be talking to myself, trying to come up with an answer. Feel free to join the discussion with a comment below!