Quickly after the bitcoin Fork that happened on August 1st at 12:20 PM Bitcoin Cash started dropping in value.
This had the effect of BTC price going up by 300$.

ETH stayed aroung 200 all the time and now finally surpassed the 280$ mark. And is barely surpassing the 300$ mark right now.

1 week later most cryptocurrencies have gone up in price.

Wich made me think about altcoin mining again. I own multiple Xeon computers with what used to be Nvidia flagship GPU’s. So why not give it a shot?

Minergate easiiest way to earn crypto
The easiest way for beginners to start mining is probably minergate.com. Ive been using it for a couple of yours now and i feel like the ease of use does many new user a bigger favor than the small performance gain of console miners.

I have decided to mainly mine Bytecoin(BCN) and some other altcoins. I make about 5$ a week in altcoins.

Then i trade the coins on HitBTC, a large altcoin exchange site.

Here I buy low and sell high.
Going in with 5$ worth of mined alt-coins I end up with 0.061 ETH wich is about 20$.

Thats a 300% increase!

So is mining worth it?
Not at this scale.

Honestly the amount of time and electricity spent will most likely surpass your earnings in most countries.

At a larger scale however this is nothing but free money. If you can invest in a couple of recent mining cards you get a pretty solid ROI.

Related Posts


Top cryptocurrencies in a nutshell

Bitcoin Launched in 2009, Bitcoin became the first publicly traded cryptocurrency and marked the beginning of a new era in the development of the global financial system. Bitcoin constitutes approximately 45% of the total cryptocurrency Read more…


Bitcoin Hits $20,000 Per Coin, Capping Year of Enormous Growth

Bitcoin has crushed most expectations in its glory year by hitting $20,000 barely a month after reaching five figures for the first time. After several weeks of considerable volatility, mixing rapid growth with sudden declines, Read more…


FCC repeals Net Neutrality, Substratum Price Sees New All Time High

The FCC repeals Net Neutrality, decentralized web projet SUB sees growth in volume and price!