Profit Update After A Month of Mining Ethereum

I have been mining Ethereum for slightly more than a month since I built my own Ethereum mining rig in end January 2018 (Read more here: My Sweet Retirement Builds A Cryptocurrency Mining Rig).

Below shows the Ethereum I have sent to my Coinbase account from another the wallet that I received the mining profit. For your information, Coinbase does not accept mining profits directly. As such, you need to use another wallet to receive the profits such as MyEtherWallet.

As you can see, a full month of mining roughly works out to be S$497.76 of profit. Just to test out whether my Xfers Account is working, I cashed out S$11.95 on the 17th of February 2018. Coinbase has a flat charge of S$1.00 for selling and depositing the cash into Xfers. Read More

My Sweet Retirement Builds A Cryptocurrency Mining Rig

I have always been interested in cryptocurrency mining and has been researching on the internet since last year December on how to do that. Ready made mining rigs sold online are expensive (estimate 5K and above) which deter me from buying one. The other challenge was that I have never build a computer before and thus I did not know where to start from.

Recently, with the help of a friend who guided me, I built my own mining rig. The first step was to write down the shopping list on the things I need to build my own mining rig. The below cost a total of around 3K. Read More

How to Open a Coinbase Account

Cryptocurrency has been the latest talk in town. Recently, I have been reading up on Bitcoin, Ethereum and Litecoin. There are many news how Bitcoin soar pass 18K and higher. Typing “1 BTC to SGD” gives you the above exchange rate. 1 Bitcoin is equivalent to SGD$19,249.98.

I was wondering how we can purchase them in Singapore. After googling, I found an exchange called Coinbase that lets you buy and sell cryptocurrency.

I also found out there are also other financial bloggers that uses Coinbase and I decided to try open an account. Read More