Bitcoin Mining Officially Becomes Unprofitable

According to this story from CNBC, the bitcoin price USD and the amount of hashrate current in play means that for the most part, mining bitcoins is no longer profitable, if the price remains at this level. This story comes as Bitcoin goes through another agonizing series of price drops. The Bitcoin price in January dropped from the peak of 20k down under 8k, and most people called bottom when the bitcoin price bounced off Read The Full Story Here

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Bitcoin Mining Fades To Black

So I have been bitcoin cloud mining now for 3 months, a quarter of the way into my 12 month contract. Initial results in the first couple of weeks were so good, I doubled down at a higher price to get twice as much hashrate. After a nice run-up to almost $20,000 the price of bitcoin has faded away now sitting around 10k, 50% from that price. What hasn’t faded away is the increased of Read The Full Story Here

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bitcoin crash

The New Normal Is A One Direction Escalator

I am starting to wonder if Bitcoin and all alt-coins for that matter are just another quality product from the ACME corporation. It seems like it all looks good, they deliver on time, you set up the package, climb on the rocket, and when you light it off, it just explodes and you end up falling off a cliff. Bitcoin (and pretty much every other coin) is nearly in true freefall at this point. It’s Read The Full Story Here

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bitcoin bubble

The Sounds of Bubbles Bursting

At the risk of sounding a bit negative, let me give you a bit of an update to explain why I haven’t added much here recently. Bitcoin (and all crypto coins for that matter) appear to be a huge, huge, over-inflated bubble with nothing to support their real values. There, I said it. Sucks to say it straight out, like admitting finally that you are an alcoholic or have a drug problem. The crypto currency Read The Full Story Here

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The First 15 Days of January Define The Crypto Market

It’s 15 days into 2018, and the crypto market has already been rocked, shaken, poke, prodded, and pretty much lost it’s sh-t as a series of punches have hit the crypto markets very hard. Bitcoin is down about a third since it’s peak, and news from China and Korea have everyone and their dog more than a little skittish. China is first. There is a bit of confusion, but it seems that between local and Read The Full Story Here

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hashflare

One Month In My Hashflare Review

Okay, so it’s been just about a month that I have been cloud mining with Hashflare. They were, in retrospect, my second choice behing Genesis Mining, which seems to have the highest reviews and all that. But Genesis Mining is literally out of stock on mining gear and likely will be for the forseeable future, and I didn’t want to wait three to 6 months to see if they restock. That said, I may still Read The Full Story Here

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Christmas Brings No Gifts To Crypto Miners

Santa Claus didn’t do anything for the world of bitcoin, that is for sure. It’s been a crappy 2 weeks in the mines, with a true triple whammy for me: Bitcoin price dropped almost in half at one point, mining difficulty went up another 20%, and the price of buying additional hashrate with Hashflare went up by nearly 50%. Summed up, it’s a squeeze. A fourth negative raised it’s head today, as South Korean announced Read The Full Story Here

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Bitcoin Price Rapidly Recedes and Other Bad News

It’s not been a great week so far. After Bitcoin hit 20k or there about last week, it’s been pretty much an endless parade of negative and near negative news. The result has been the bitcoin price USD dropping dramatically, in some exchanges getting as low as $14,000 before bouncing back a bit. As I type this, the price is 16910.01 US Dollar, but that is still about 15% off the top. Second bad news Read The Full Story Here

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Celebrating 20K and Other Good Things

Without a doubt, the big story today is that Bitcoin is hovering very close to the 20k mark, and will likely be there soon enough. I got in at half of that, and that was only a couple of weeks ago. The climb is huge, wild, and more than a little bit scary. How much more fuel does this rocket have, anyway? What it has done for me as a minor miner (har har) is Read The Full Story Here

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bitcoin for the money

Are You Into Bitcoin For The Money?

One thing for sure, plenty of people are into bitcoin for the money and nothing else. While some of the people who have been around for a long time are into it for the technology, the concept, the blockchain, more and more of the people in the door (including myself) are here at least in part for the money. With Bitcoing futures now trading, and mainstream media getting in on the game, bitcoin mining seems Read The Full Story Here

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