If you have followed me for some time you have seen that I recently started Kaspa mining with a pair of ASICs. But before that, I was doing some GPU mining. And I thought I would share some of the results with you.
What did I mine?
After the merge happened and Ethereum went the way of the Dodo. I was looking for what to mine next. And up popped Ergo as a new hotness in a very cold bear market. So I put my GPUs to use mining Ergo. But as often is the case when the going gets tough, people turn to innovation to try and make the times a little better. And that's when we first got what is known as Duo Mining, or the ability to mine two coins at the same time. This allows you to make better use of all of your GPU, because some algorithms make heavy use of the GPU's core processor, and others rely more heavily on the memory of the GPU.
I then added Alephium to the Ergo I was mining, thinking little of it as it was simply adding a few cents to my daily earnings. As Ergo was the main price and what I was looking to build a bag of.
Letting time do its thing
I mined for a few months but eventually, prices dropped and Ergo ended up shitting the bed with some decisions that more or less made it not so interesting to mine. At least for some time. Having checked I got my last deposit back on 2022-06-22, thts when I pulled the plug so to say on duomining. Ergo I mined for a bit longer, I mined it on and off up until 2023-02-02. I then did not really think much of it and I let both the Ergo and Alephium sit in their respective wallets.
As neither of them was anything to write home about. They actually cost me a little more than their worth at the time. But that's mining. But I saw it as gaining an experience. It was not until the fall of last year I actually revisited them both. I then swapped what little Ergo I had and it, like most crypto, had lost a bit of its value. Not thinking much of it I simply said c'est la vie and moved on.
But as December was going by day by day, my friend asked me about a new crypto for him, Alephium. I told him what I knew and that I had mined some way back when. He mentioned that it recently had pumped a bit. Putting it at $0.4 or something like that if I remember correctly. I remembered I had the wallet app still installed so I started it up, not being able to remember how big my Alephium bag was. Only knowing it was not very big, as my main focus back then was the ergo. And I also stopped mining it much earlier. But sadly the wallet app was giving me a hard time so I was not able to make it work. I just let it be, again. Still going by the fact it was only worth $0.1-2 back when I mined it. And I only had a handful, it was still not big anything.
Earlier today, January 4th, my friend messaged me being very excited about a recent investment he made. Telling me it just went up 140% for him. I congratulated him and asked which one it was. And he said Alephium. And in my mind I just went "wtf? How, why?", I then checked it and it was still pumping at an all-time high of over $1.66, but has dropped back a little sitting at $1.56 currently.
I then put a little bit of elbow agrees in and was able to get the wallet app back up and working again and was treated by this...
A nice big $140 sitting there just smiling at me. And it appeared that my little added side mining turned into an excellent investment. As it appeared to have ~10x in value. And on top of that being more than remembered having. And it appears to be true what they say that time heals all wounds. And it was a nice extra holiday surprise to get when getting back home.
And that concludes this post. I thought it was an interesting thing to share as it shows just how unpredictable the crypto market is. With Alepheum's current price, it is just $0.1 away from Ergo's current price. And I can tell you if I had known back then that this was in the stars for 2024. Then I would still have been mining Alephium all through 2023. Either way, I hope you found this as interesting of an experience as I did. Please let me know if you have had a similar experience with any crypto, mined, or just bought.
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Nice one! That would have been worth mining through 2023 and you would have had an even bigger bag! Im loving these PoW coins right now.
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Thank you and if you did not guess it you where the "friend" int he post ;) so thank you =) !luv
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I was mining ETH back in the day and it paid off nicely... But, when ETH went to POS, my electricity costs were bigger than profits, so I stopped with mining... It was cheaper to buy tokens than to mine them... And in the case of small-cap coins, it could finish badly if you HODL them and they never recover... But, it could be another way around, as your experience with Alepheum! Good job!
I totally agree with you regarding the HODLing, it is a big gamble with all the altcoins. You should look into getting back into mining. It is fairly profitable again. Not like, back in Eths heyday but still ok =)