Flipping Bitcoin

Buy Low - Sell High

Everyone knows this basic principle to make some money at investment. This can be used in the stock-market and the like, but also a fantastic principle to keep in mind when dealing with bitcoin.

Bitcoin has massive volatility like stocks do, but keep this in mind not when you are buying and selling bitcoin, but buying and selling THINGS with bitcoin.

I use this principle when I purchase cloud hash power for instance, let's have an example.

If I have a large sum of bitcoin, let's say 4 BTC, and I want to buy cloud-mining from Hashie.co. They sell at a rate of $4.90/ 10GH.

@ Bitcoin price of $350: 4 BTC X $350 = $1400

You can purchase 2857 GH/s

@ Bitcoin price of $400: 4 BTC X $400 = $1600

You can purchase 3265 GH/s

Now, with the above example you can see a large difference in the amount you can purchase (You already knew that) but when you can resell this hashpower when you're made enough, you can sell them at the lower rate of $350 so you get a larger BTC return. Which, in-turn either allows you a bigger cashout, or a larger re-investment! Win-Win

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BTC-Flow

Today I'll be giving a bit of a look into BTC-Flow . It's a game based bitcoin faucet that has me pretty into it. No more of the jumping from site to site clicking your way through pop ups and other fun activities. The concept of the game is that you run a company. At first, your company mines bitcoin and has a earning rate of 0.0000015 BTC/Min and your max capacity is 0.000012 BTC. Your part in running this company is getting the bitcoin from your company either before or after your max capacity is hit. You then need to click once your bitcoin capacity is reached to put that balance into your main bank. From here you basically repeat this as much as you'd like. If you really enjoy this, you can "level" your business with bitcoin to increase capacity and earning/min at any point. If you like faucets, you need to check this out . BTC-Flow.com

Mining ZCash(ZEC) on windows

I spent some time trying out a few different pieces of software to try to figure out one that works best for me. I have 2 good options for mining ZCash, both for the coin and using NiceHash to auto convert it to BTC for you. Option 1 Download the NiceHash Miner Run the miner (install steps) Put in your btc address and your worker name Run the benchmark (depending on your number of devices this can take some time, however, it's worth it). Once the benchmark has completed, simply click "Start" This option will be mining with NiceHash, however, it auto converts coins into btc. This may not be what you're looking for, so see option 2. Option 2 Download the latest release of nheqminer Extract Create a run.bat file Here's a couple examples for your run.bat file Examples AMD 1 GPU nheqminer_zcash.exe -l usa -u YOUR-ZCASH-ADDRESS-HERE -t 6 -od 0 NVIDIA 1 GPU nheqminer_zcash.exe -l usa -u YOUR-ZCASH-ADDRESS-HERE -t 6 -cd 0 ...

Mining in the Outdoors

Forget the heat, lets mine in the snow So, I've been mining inside for about a year, normally with one or two pieces of hardware. I lived in a one room apartment then, so the heat and noise was a bit crazy. Luckily I live in a proper several room flat with a fairly large balcony, which will now be the new stage for my small mining farm. What's involved So all that's really involved is as follows: 1 x large rubbermaid storage unit 2 x 6 inch vents 2 x 4 inch vents 1 x 6 inch blower fane 1 x 4 inch blower fan 2 x 3 slot extension cords 1 x router 3 x ethernet cords 1 x piece of cardboard for a divider 3 x miner PSU 3 x Antminer S5 Here's a little video of the rig that I have set up: So now you should have an idea of exactly how it's set up. There's many ways to build an outdoor unit like this, but this was just my vision. I just wanted to go through some of the reasoning behind how its set up, to help educate some of your decisio...

My Bitcoin Mining Experience

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