How To Make Money With Cryptocurrency

I’ve actually been out of the cryptocurrency world for more than a year after selling all the cryptos I owned.

I had bills to pay and hodling wasn’t an option.

Okay, so I missed out on the recent highs that Bitcoin has reached, but I originally bought Bitcoin when it was in the $200 – $700 range and sold it when it was around $6,000.

That’s not a return I can complain about! ūüôā

But now I’m getting back into the world of crypto, but in a small way.

Buying Bitcoin, or any cryptocurrency and hodling is essentially a gamble …

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Mining Altcoins

Wow, 6 months have passed since I last posted here on Bitcoin Newsflash. Summer and other stuff happened that took my focus away from the world of cryptocurrencies. But now I’m back.

When I lasted posted, in March, I was still GPU mining. I was more or less at the break-even level, just converting electricity into Bitcoin with no profit. No matter what cgminer settings I tried in my XUbuntu powered mining rig, I couldn’t get more than 620Mh/s hashing power out of my Sapphire R9 280X video card. The price of electricity where I live is about …

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When I started this site, my entire focus was on Bitcoin with it having come to public prominence in November 2013. I realized though that the Bitcoin gold-rush was over – those who’d bought the crypto-coins (or mined them) when they were valued at dollars, or tens of dollars, had seen their value skyrocket over the course of 2013.

Building and running a mining rig just a wasn’t profitable enterprise for Bitcoin. That’s when I became aware of Litecoin and so I set about building the rig detailed elsewhere on this site for mining Litecoins. As it turns out, because …

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