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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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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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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Prime Hashlet

Yesterday, I bought a Hashlet Prime from GAW Miners. These are their most expensive miners at $49.95 (which I talked about in the Assessing Altcoin Mining Contracts post. This hashlet only mines at 1 Mh/s for Scrypt, just like the Hashlet Solos which cost half the price. But when switched to mine Bitcoin (SHA-256), they will hash at 40 Gh/s. They’re not at that speed yet, but will be ramped up to that rate over time (sooner rather than later).

Why Buy A Hashlet Prime?

As these particular hashlet mining contracts don’t appear to be good value, why buy one? …

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