Imagine meeting you here…

This is a little side project by two guys that wanted to know what this cryptocurrency craze was all about, and maybe make a few bucks in the process. Now we want to tell you what we’ve learnt! Don’t let the dark ambience of this website fool you – we’re actually two nice guys… no really… for realzies… whatever!

The Rundown

We’ve gone from just being crypto-curious to buying, building and selling our rig, to deciding rig mining just isn’t for us, and cloud mining is the way to go – all in a relatively short timeline!

2017.09.15

The Decision
After much discussion and a bit (ok a lot) of obsession, we decided to take the plunge, take out a loan (yes we were those people) and source our hardware. You wouldn’t believe how difficult it was to source all the hardware required to build our first rig. Luckily we managed to get hold of the right people for the job!

2017.09.21

The Rig
Armed with all the components and a background in hadware, excitement took hold of us! We started to methodicaly, reverantly and almost surgically assembling the rig into the night… In the early hours of the next morning the beastie was up and running… We fondly remember the first time the fans started whirring.

2017.10.02

The First Payout
After a LOT of research on software, mining pools and crypyo wallets, playing around with settings, and a really rather steep learning curve, we decided on using the Simplemining.net solution. We started mining bitcoing and got our first payout. Reality started to set in: maybe we weren’t going to get rich that quickly…

2018.03.07

Time to (kinda) move on…
Month went by playing around and trying to get that perfect balance between settings, power usage, overclocking. Reality hit home, and we came to our senses. We looked into cloud mining – another learning curve – and decided to sell our rig to settle the debt we made to buy it. We’re now quite happily mining in the cloud.
Now that we look back at it, it sure feels like a much longer time that we had our mining rig!

Cloud Mining

If you read our rundown of events, you know we ultimately decided on cloud mining over physical on-site hardware mining. Why? For two guys with full-time jobs, hardware mining became to time-, power- and money-consuming. Every bitcoin we made was spent on buying power (electricity) or replacing hardware, all while trying to pay back the loan we made to buy the hardware in the first place! We decided that cloud mining, although (theoretically) less profitable, was more predictable.

After some trial and (sometimes expensive) error, we found these cloud mining providers to not only be legit, but profitable!

Mining Pools

Wikipedia: “In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.”

We’ve had quite the pool party trying out many mining pools. Whether we were doing hardware or cloud mining, some mining pools were definitely more reliable, stable and profitable than others. These are the mining pools we currently use:

Cryptocurrency Wallets

Wikipedia: “A cryptocurrency wallet stores the public and private keys which can be used to receive or spend the cryptocurrency.”

When it came to cryptocurrency wallets and exchanges we did our reasearch and went straight to the folks that know what they’re doing:

Mining Hardware

We decided on cloud mining over (on-site) hardware mining because the costs were just too high to be profitable. Why? The only place we could put our mining rig was in our office. Thus the power consumption of the rig + the consequent cost of running the office aircon all the time (it got QUITE hot in the small room) + the cost of the rig loan repayments just added up to too much to be viable.
Our Rig Specs (Sold):
5 x Asus RX470 4GB cards
5 x Riser Cards
1 x 3.2 ghz Dual Core Processor
2 x 4GB DDR4 RAM
1 x 120GB Samsung SSD
1 x 6-card Open Aluminium Rig Frame
1 x 1200 Watt Gold Standard PSU

Hardware Suppliers

The mining rig might be in the past, but these are the folks we could count on for hardware, now and in future.

Crypto Tips

We’ll be adding a decent list to this section soon, but for now the most important tips are:

1: Do your research!
2: If it sounds too good to be true, it probably is!

Want to add some tips of your own? Click here to get in touch with us!

Other Stuff

We’re the kind of guys that somehow needs to have a website for every idea or project. Here are links to things we came up with.

Say Hi!

Come say hi and tell us what you think of our humble little website. Maybe you have a question or a good tip to add to our list.

We’ll reply when we have some time, mkay? 

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