Blog about my bitcoin mining hosting journey, profitability and lessons
We got another difficulty adjustment tomorrow, and things do not look too good for miners. First of all, the price of Bitcoin has been falling down rapidly again. It is now at around $38,200. 2 weeks ago when the last adjustment happened, the price was $41,000. And at the beginning of April the price was … Read more
Recently I applied for the Crypto.com Staked Visa Card. Reddit is full of people waiting for the delivery for months, sometimes up to 6 months. So I was eagerly waiting to receive mine after the application. Few weeks ago it finally arrived. How long does it take for Crypto.com Visa Card to be delivered to … Read more
Yesterday afternoon, US government added one of the largest Russian Bitcoin Mining Hosting company BitRiver on its sanction list. Here is a press release directly from US Treasure Site. The government claims that this step is taken to target Russia’s Crypto Currency mining industry and that these companies are using Russia’s natural resources for competitive … Read more
Bitcoins mined in March 2022 BTC mined in March 2022: 0.311 BTC (vs 0.268 BTC in February) BTC value when mined: $13,171 BTC value now (April 8th 2022): $13,308 March was one of the best months for miners. Not only the mining difficulty decreased twice in a row, but also the price of Bitcoin showed some promising runs. … Read more
After I applied for my Icy White Crypto.com Visa, I was trying to find list of of the Loungkey Lounges & Airports included. However, it turns out it is pretty difficult to find such list. So I decided to put one together. I am splitting this blog post into 2 sections: List of all Loungkey … Read more
In December, Crypto.com launched Instant Deposits in US, allowing users to purchase Cryptocurrency immediately after connecting their bank account to the app. The way instant purchase work is that you enter your bank’s login credentials to Crypto.com app. Then the CDC (Crypto Dot Com) can pull funds from your bank account. The issue with this … Read more
On March 17th we had another Bitcoin mining difficulty change, and 2nd decline in a row. The decline this time was only by 0.35%. While the one before on March 3rd was by 1.49%. While none of these are significant declines in mining difficulty, I think they carry a lot of importance. First back to … Read more
I decided to diversify my investments little bit more and so I started with Crypto.com and applied for their Icy Visa Card (the card was already delivered). I was thinking about this move for quite a while, but finally pulled the trigger a week or so ago. I want to write mainly about my experience … Read more
Bitcoins mined in February 2022 I did not purchase any new miners in February, so let’s just jump directly to the mining performance of the miners that I owe. BTC mined in February 2022: 0.268 BTC BTC value when mined: $10,820 BTC value now (March 15th 2022): $10,864 February was a tough month for miners. … Read more
Without any official announcement, Compass Mining raises hosting costs by 15% today. The rates are going from $0.065/KWh to $0.075/KWh. There was no official announcement, however the CEO of the company Whitt Gibbs shared this news on Compass Mining discord channel today at 9:00am. With this price increase, the costs are now essentially on par … Read more