USI Tech

Post Updated Jan 21, 2018.

Recently I signed up with two companies – Power Mining Pool and USI Tech – that give a daily return of 1% on your Bitcoin investment. Over the couple of months, I’ve had a chance to compare how the two companies operate and the earnings they provide.

Power Mining Pool

Update 8 Mar. 2018: After being served with a Cease & Desist order in the USA due to it violating the Securities Act, Power Mining Pool has ceased operations. All money invested in it appears to be gone too.

Power Mining Pool is the first …

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Bitcoin Mining Opportunity

UPDATE: AuroraMine has closed up shop and allegedly run off with 11 million dollars. I called it as A HYIP but it didn’t even last 30 days. I never invested money into it so no loss for me. The less than $1 I accrued from the free 100 GH/s hashing power has gone with them. A salutary lesson in “if something seems too good to be true, then it probably is!”.

Yesterday I signed up with AuroraMine.com. They offer 100GH/s of hashing power to all new members (joining doesn’t cost anything).

That amount of hashing power earns about $0.12 per …

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ASROCK H110 Pro BTC Motherboard

Is it possible to still do home mining of cryptocurrencies?

Yes, it is but it generally requires some specialist equipment.

While your PC may be able to run at a few Mh/z to mine a currency like Ethereum that doesn’t need ASICs, you will still need a good quality video card to generate any kind of mining power.

And the cost of electricity is still a big factor in whether your mining efforts can return a profit or not. If you pay $0.10 per Kw/h, you’ll probably generate some small profit. If you pay $0.20 per Kw/h, you’ll likely make …

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Altcoin Mining

Here we are in the early part of January 2015 and the state of cryptocurrency looks pretty bad.

The last few weeks have seen a number of things happen that have been bad for investors:

Bitcoin Price Crash

Bitcoin reached highs of $1,200 per coin in December 2013. Since then, its value has gradually declined. It’s always been a volatile currency but at least in 2014, it seemed to settle down in the $320-$380 range. It looked like Bitcoin might have matured somewhat.

Unfortunately, in early January 2015, the price crashed again. Today (Jan. 12th), it’s worth about $266. If …

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Bitcoin Mining

I thought I’d provide a regular update on how my cryptocurrency investments are going on a roughly weekly basis. Hopefully, it will provide readers looking at this type of investment with some information to make their own decisions on.

Mining At Home

I’m not currently mining at home. My mining rig (a PC with a Sapphire R9 280x video card running BAMT 1.6) has been turned off for a few months now. Electricity where I live costs almost three times what it does in the USA, so that killed any remaining profits in the rig.

I may turn it …

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LTCGear Review

Litecoin Gear Logo

As you’ll know from my other recent posts, I’ve invested some money with GAW Miners and their Hashlets for cloud mining altcoins. These pay out about 0.9% (just under 1%) per day, so they look to be a good place for long-term investment. They also have a thriving community and it’s there that I first learned of LTCGear, the subject of this review.
Litecoin Gear (LTCGear) have been around for well over a year, a pretty long time where Bitcoin/cryptocurrency companies are concerned. Initially the owner sold FPGA (Field-Programmable Gate Array) scrypt mining hardware to customers. But …

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GAW Miners

I wanted to give an update on how my mining contracts with GAW Miners have performed over the 1 month I’ve had them.

GAW provide three types of mining contracts known as “Hashlets”.

1. Genesis Hashlet (SHA-256)

These mine Bitcoin directly and hashlets are sold in units of 10Gh/s. Fees of $0.02 per 10Gh/s per day are charged (Gh/s is a measure of hashing power – if that means nothing to you, think of it as a set amount of computing power dedicated to mining). I don’t have any of these hashlets.

2. Scrypt Hashlet

The second type of Hashlet …

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It’s been quite a week for Bitcoin, going from about $480 on Sept 10th when I ordered my mining contracts to a low of $386 yesterday (a drop of about 19% in value).


The Alibaba IPO – did it cause Bitcoin’s plunge in value in Sept 2014?

No one knows the actual cause for the drop but a good candidate is the Alibaba IPO that happened on Sept 19th. Looks like a lot of investors were selling their Bitcoins, especially in China, so as they could buy into Alibaba. Now, a day after the dust has settled, Bitcoin has returned …

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Zen Hashlet

After looking at the various options I talked about in the Assessing Altcoin Mining Contracts post, I decided that I’d buy Hashlets (virtual Bitcoin and Altcoin miners) from GAW Miners.

There a three types of Hashlet on offer. I was thinking about getting one or two Hashlet Primes over the weekend, but the $10 price hike on those on Monday put paid to that idea. They’re supposed to be their flagship product, but they don’t seem to do anything different to the other Hashlets apart from offering the ability to mine both Bitcoin (SHA-256) and Scrypt for $49.95. They’re also …

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Altcoin Mining Contracts

Update Sept. 8th. The price of the GAW Miners HashletPrime rose by $10 today to $49.95. I wrote the article below over the weekend (when the HashletPrime was still $39.99) and published it earlier today.

As I mentioned in my previous post, GPU mining of cryptocurrencies is now a dead duck for me. Rising network difficulty, the arrival of (Application-Specific Integrated Circuit) ASIC Scrypt miners and the relative high cost of electricity (US$0.24 per Kw/h) has meant that running a 390W mining rig is just throwing money down the drain. At least when the rig was …

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