My First Try In Mining BurstCoin? Let's See How This Goes!
After really trying to see where I can make XtraMoney in the cryptocurrency scene, I've dabbled in several different projects hoping one of them takes off.
I also hope that few will turn modest profits, and I assume several will be busts.
Here's what I've been up to so far in the last 3 months:
- I'm mining Ether at 208 MH/s and Bitcoin at 6 TH/s on Genesis Mining.
- I've invested in the PeerPlays ICO, Bancor ICO, and Civic ICO.
- I also made 2 contracts with Bitconnect lending - $1150 and $5110 respectively.
- I've bought with the intent to hold long term: Litecoin, Bitshares, Ripple, BAT, Ether Classic, Lumen, and Digibyte.
- I seeded my Steemit account with about $1100, and grown our follower count to now over 1100 in just under 2 months. (Getting a few good returns on some of our articles so far - very exciting!)
And I'm Now Trying To Mine BurstCoin
I'm basically being a test dummy for many of my friends who are following my progress and seeing if I'm very smart or very stupid with my money! (I'm hoping the former)
I wanted to try out the "mining-using-hard-drive-space" model that BurstCoin uses. They say it uses very little electricity, very little CPU power, and no special GPU's are required due to this.
I'm starting out with just two 8 TB external usb 3.0 hard-drives.
I got them in from Amazon today, and the price I was able to get worked out to about $22 per TB in space.
So I'll start mining with 16 TB and give this a whirl!
If it looks to become a worthwhile project then I hope to ramp up to about 150 TB in the next 2 months.
The drives are being "plotted" as I'm writing this, and I should be able to start mining in about 6 hours!
I'll keep updating my progress with reports of earnings and any other interesting info that I come across while on this project.
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As always, Let me know what you think!
I have been mining burst for the last 4 months. Pretty happy with the way its working out. Im small time only 8tb. But I have already made back twice what I put in. And the great thing is BURST is just getting started. It will grow more. Also into genesis mining. Picked up some X11 yesterday. Been looking at bitconnect but im not sure about that one.
BURST On, HM
That's great it's working out so well, nice to hear success stories.
Glad to hear about your success so far with BURST! Makes me even more optimistic...Yeah you have to worry a little about bitconnect....I know it's a gamble but wanted to see where it went. Hopefully I don't get screwed on that one.
Cool, thanks for keeping us updated on this. Look forward to seeing how this progresses.
Thanks, yeah would be great if this turned into a good little side income!
Yeah for sure.
Update: So much for mining in 6 hours! I've been plotting my first 8 TB drive for about 16 hours now and it's at 3% done.
I might start mining next week at this rate!
Great article! Keep the Steemian community posted! Very interested in the progress...
Yeah I kinda am excited to see what type of results I get doing this. I'll keep everyone posted!
Nice work, i hope you grow fast on steemit ;)
Thanks! I very pleased so far with the responses and support here so far.
You are more than welcome