Blog about my bitcoin mining hosting journey, profitability and lessons
I have bought my first miners with Zionodes on November 21st. Then I added some more on November 24th and 25th, December 5th and December 30th. Right now I have 14 x S19 95TH miners with Zionodes. So let’s have a look at how it is going with these miners. Update on Zionodes Bitcoin mining … Read more
So it has been over 3 times since I started this blog and over 3 months since I had my first Zionodes order connected. My Wattum order got connected on December 15th, so over 2 months ago. Since then, a lot has happened – whether with the price of Bitcoin, or the mining difficulty. I … Read more
January was a very interesting month for Bitcoin and Bitcoin Mining. There has been issues with power in Kazakhstan. But at the same time the Hash Rate increased to record levels and so did the mining difficulty. And at the same time Bitcoin price was swinging like crazy. I was really busy at my regular … Read more
Another of my experiments where I am comparing 2 different mining pools. Last time I did Slush pool vs ViaBTC review. This time I had half of my Zionodes miners running on ViaBTC and half on F2 Pool. After my experiment with Slush pool I decided that depending so much on luck is not for … Read more
Last few weeks were little crazy in Crypto world. Several large events happened (one still going on). It looks like the difficulty will not change significantly this week, despite of what is happening in Kazakhstan. Record network hash-rate recorder on New Years day One of the reasons why the difficulty will not lower significantly is … Read more
Welcome to the first monthly mining summary for December 2021. Here I would summarize how much I mined in the specific month. Also how much would this amount would be worth if I sold the Bitcoins right away vs how much the BTC is worth at the time of writing the post. A lot has … Read more
My Wattum miners from my first order have finally been delivered and connected. In this Wattum Bitcoin mining hosting review I will go through my experience with Wattum and discuss the pros and cons I see, especially vs Zionodes since that’s where my other miners are hosted. UPDATE: My experience after 3 months has just … Read more
The Bitcoin Network hash rate has already completely recovered from the mining ban in China in the summer of 2021. And the growth doesn’t stop there. Blockware solutions tweeted a table with upcoming publicly announced ASIC orders for 2022 by the large players like Riot, Marathon, Hut8 and Bitfarms. And the orders are massive. $RIOT, … Read more
In the past there were 2 main ways you could mine Bitcoin – Solo or in a Pool. Mining solo means that you are trying to find a Bitcoin block on your own, and when you find it you keep the whole reward. Currently the reward in one block is 6.25 BTC. With the increase … Read more
Last week the price of Bitcoin dropped from $58,000 to $48,000 but it doesn’t look like it demotivated anyone from deploying more miners. Based on the current estimates, the bitcoin mining difficulty will increase significantly in 5 days from now. This will cause a short-term hit on profitability of all miners operations. Difficulty and price … Read more