September was quiet for my little Bitcoin kingdom. Without changes to my hardware (1×GTX 1080 running 22/7 and 2×GTX 1070 + 1×GTX 970 running 24/7), daily profitability has predictably dropped from an average daily of 0.00175 Ƀ in August to an average daily of 0.00145 Ƀ in September (-17%). My total yield from NiceHash this past… Read More Earnings Update (September 2017)
One of the first things a Bitcoin newbie hears is how the system is ‘designed to prevent double spending’. This feature is indeed a proper advantage of crypto payments compared to some traditional payment methods and it deserves to be touted as such. However almost all explanations of the actual prevention process that I’ve seen… Read More Double Spending is Your Friend (Hear Me Out)
The recent rumours about China banning ICOs and the subsequent Bitcoin crash made me put in writing something that I’ve been thinking for a long while. The so-called Initial Coin Offerings (ICOs) as a whole are a joke, most likely a scam and definitely not a good way to make money in the long term… Read More ICOs Are Bad for Ya
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)