Running a Bitcoin Full Node seems an ungrateful job. It doesn’t pay the way mining does but it still incurs expenses. However I have decided to launch my own node for a couple of reasons. Improving the Quality of the Bitcoin Network Without full nodes, bitcoin transactions would be impossible. Bitcoin full nodes validate transactions… Read More Running a Bitcoin Full Node
I wrote on a couple of occasions previously about the cost of Bitcoin transaction fees after SegWit went live on 23. August. I kept updating my article Bitcoin Transaction Fees after SegWit2x Lock-In with data from bitcoinfees.21.co to follow the trend. After about a week — on 30. August — I wrote: Transaction fees have not yet subsided… Read More SegWit Works and Fees Drop — For Real
With regards to earnings, not a lot has happened since my interim August update. In summary, here is what happened for me this month: I purchased two Gigabyte GTX 1070 G1 boards at what looked like a semi-reasonable price (although it decreased a bit further afterwards due to the weakening of the USD…) As that would… Read More Earnings Update (August 2017)
I recently decided to give Exodus a try. For those of you who don’t know what this thing is, Exodus is a desktop wallet that supports multiple crypto currencies and gives you the ability to trade between them. I learned about it from a very positive review by Ofir Beigel at 99 Bitcoins. The 99coins… Read More My Thoughts on Exodus (Spoiler: I Find it Expensive & Unsafe)
One of the less intuitively understood properties of Bitcoin is the concept of how bitcoin values are stored in a wallet. Most people — even some of those who use Bitcoin regularly — believe that when you remit bitcoins to a Bitcoin address, the balance of that address is simply updated to reflect the new… Read More BTC Transaction Costs and Wallet Fragmentation
Today I sold all bitcoins I had accumulated during the past 2 months (about 0.110 BTC in total). Slightly less than half of that (0.05 BTC) was earned from mining via NiceHash. The remaining 0.06 BTC I bought at a whim in the beginning of August at €2,297.30 per BTC.