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

My Bitcoin and Ethereum Speculation

Previously, I blogged about how to open a Coinbase account to purchase Cryptocurrency such as Bitcoin, Ethereum or Litecoin which has been the hottest topic in town recently.

Around 1 week ago, I did my first Bitcoin purchase of S$200. For first time buyers, there is a Buy limit of S$200 imposed by Coinbase. After you done your first purchase, the buy limit will start from zero and increase day by day until it reaches back to S$200. On Monday, I bought another S$200 of Ethereum.

My current total speculation is S$400 with gains of S$49.91. That is a gain of 12.48% over roughly 2 weeks.

My experiences with Bitcoin and Ethereum are:- Read More