http://cryptocoinapps.blogspot.ca/p/crypto-coin-counter.html
Somebody was nice enough to make a spreadsheet to track all of the altcoins on a bunch of different exchanges.
It is missing one vital number and that is the amount of cash you paid for each altcoin.
Most exchanges make you trade BTC or LTC for each variety of altcoin.
This kinda doesn't help as those values fluctuate every day as well.
In the end I want to know if I am making profit or chasing my tail.
Tuesday, December 31, 2013
Monday, December 30, 2013
official altcoin trades confirmed
After three hours of waiting my btc finally got confirmed on cryptsy.com.
I used my btc to purchase galaxycoins, zetacoins, and a few dogecoins.
I really couldn't resist grabbing a few dogecoins. wow super happy great...
meme based currency - quite a few people are shocked this one happened.
My goal with a few of these altcoins is to buy and then immediately place a sell order for a specific percentage increase.
For a generic example: if I put a sell order for double the price and only sell half of my coins everything left over is playing with the house's money... If any of these random coins has a significant spike in price I will clearly be in a great position.
I used my btc to purchase galaxycoins, zetacoins, and a few dogecoins.
I really couldn't resist grabbing a few dogecoins. wow super happy great...
meme based currency - quite a few people are shocked this one happened.
My goal with a few of these altcoins is to buy and then immediately place a sell order for a specific percentage increase.
For a generic example: if I put a sell order for double the price and only sell half of my coins everything left over is playing with the house's money... If any of these random coins has a significant spike in price I will clearly be in a great position.
trading my bitcoin and altcoins
Last week I purchased some bitcoin with some of my fun money.
When you first sign up for most of the exchanges it takes fovever - over a week!!
Today my coin finally verified on one account and I had control of some of it.
Here are the stats:
Coinbase- I signed up for my account October 24th, 2013 -- I started verifying my bank account December 23rd, 2013 -- My bank account got verified December 27th, 2013 -- I am still trying to verify my credit card but I started that process on Dec. 27th. December -- I purchased some coin on Dec. 27th as well and my account "showed the charge" on Dec 30th and the coin will be mine January 3rd.
That is a full week from when I placed the order to when I will get the coin.
A lot can happen in that seven days!
Virwox- I signed up for virwox on December 28th, 2013 -- I used paypal to deposit US dollars the same hour. Virwox makes you buy SLL (second life lindens) with cash then you must convert the lindens to bitcoin. I agree it's awkward and strange but it works! There is a 2% initial fee for doing it this way. So two bucks out of every 100 you deposit by paypal disappears from the first second.
I then transferred my BTC to my personal wallet on my computer (move the BTC of the computer asap for security) Today (Dec 30th) my coin finally appeared in my wallet.
SUCCESS!!!!! Finally something working in the right direction.
Up to this point I haven't been able to actually trade anything.
That is a lot of work for zero progress.
A little over an hour ago I transferred some BTC from a wallet to Cryptsy.com to trade some altcoins.
The coins have appeared on my account but have not yet been confirmed.
It is important to understand that until you are verified it takes a considerable amount of time to trade and move coin around (yes even if it is all digital currency - regardless of what these sites advertise).
If you decide to use or sign-up for any of these sites I linked them and included my referral number for each one. I have not actually earned one single referral reward but I will post how it goes if anyone does click my code.
Have fun and good luck!
When you first sign up for most of the exchanges it takes fovever - over a week!!
Today my coin finally verified on one account and I had control of some of it.
Here are the stats:
Coinbase- I signed up for my account October 24th, 2013 -- I started verifying my bank account December 23rd, 2013 -- My bank account got verified December 27th, 2013 -- I am still trying to verify my credit card but I started that process on Dec. 27th. December -- I purchased some coin on Dec. 27th as well and my account "showed the charge" on Dec 30th and the coin will be mine January 3rd.
That is a full week from when I placed the order to when I will get the coin.
A lot can happen in that seven days!
Virwox- I signed up for virwox on December 28th, 2013 -- I used paypal to deposit US dollars the same hour. Virwox makes you buy SLL (second life lindens) with cash then you must convert the lindens to bitcoin. I agree it's awkward and strange but it works! There is a 2% initial fee for doing it this way. So two bucks out of every 100 you deposit by paypal disappears from the first second.
I then transferred my BTC to my personal wallet on my computer (move the BTC of the computer asap for security) Today (Dec 30th) my coin finally appeared in my wallet.
SUCCESS!!!!! Finally something working in the right direction.
Up to this point I haven't been able to actually trade anything.
That is a lot of work for zero progress.
A little over an hour ago I transferred some BTC from a wallet to Cryptsy.com to trade some altcoins.
The coins have appeared on my account but have not yet been confirmed.
It is important to understand that until you are verified it takes a considerable amount of time to trade and move coin around (yes even if it is all digital currency - regardless of what these sites advertise).
If you decide to use or sign-up for any of these sites I linked them and included my referral number for each one. I have not actually earned one single referral reward but I will post how it goes if anyone does click my code.
Have fun and good luck!
first of many failures
I have come to terms with the fact that I am going to fail repeatedly and probably more so in the beginning.
Today I had my first true failure.
At my house the box that runs my fios is on the same circuit as my Christmas lights.
Yesterday it rained for about ten hours straight and this caused the GFI to trip.
When I went to sleep my rig was mining like a champ!
When I woke up I had zero hash!!!
Monday's are my early day at my "real" job and I need to be at the office before 6am.
Generally I wake up around 4:30am get ready.
I finish by walking the dog just before I leave for the day.
So after walking the dog I tried to get things back up and running.
Unfortunately for me I didn't figure out the GFI had been tripped until I got home.
That means I missed a full 12+ hours of mining.
Charlie Brown moment...
Today I had my first true failure.
At my house the box that runs my fios is on the same circuit as my Christmas lights.
Yesterday it rained for about ten hours straight and this caused the GFI to trip.
When I went to sleep my rig was mining like a champ!
When I woke up I had zero hash!!!
Monday's are my early day at my "real" job and I need to be at the office before 6am.
Generally I wake up around 4:30am get ready.
I finish by walking the dog just before I leave for the day.
So after walking the dog I tried to get things back up and running.
Unfortunately for me I didn't figure out the GFI had been tripped until I got home.
That means I missed a full 12+ hours of mining.
Charlie Brown moment...
Sunday, December 29, 2013
too many options
So I have some miners and I am trying to figure this bitcoin stuff out.
The guy I bought the asic's from recommended I use linux and specifically 'kali linux'.
http://www.kali.org/
The operating system is free and legal to download and install.
It has been quite a while since I used linux but I remembered a few basis things about the command line.
Most importantly the command line gives a lot more control over every process but requires a lot more time.
Hard core computer people prefer this over windows take or leave it approach to computing.
I was also told by a few people that bfgminer is hands down the best.
http://bfgminer.org/
cgminer gets buggy as does guiminer seems to be the common consensus on the boards.
I did try guiminer for a couple days on my windows laptop and did not have the best results.
I'm sure I could have went on the message boards and figured it out but why waste the time when I know I am better off learning to use bfgminer.
So I went into my garage and found an old computer that was collecting dust.
Bad news the computer wouldn't 'post'.
That is a fancy way of saying I have been tripping over an old computer for the past few years that has no chance of ever working again.
I called a friend and asked him if he has anything in his garage and he did.
Between the two antiquated boxes I cobbled together a working linux box with a 250GB hard drive.
I installed Kali and still couldn't make any progress.
WTF!!!
So I did some more research and figured out that the password and user name that I entered during setup really doesn't do anything - I guess the kali people just wanted me to practice entering the combo??
The solution was to use 'root' as my user name and the password I entered during setup.
Now I officially have a working box that surfs the web and whatnot.
I installed bfgminer onto the box which takes a lot more effort than simply double clicking.
I needed to go back and forth from message boards to the command line.
I installed the program but have yet to actually get it to do anything.
Most google searches yield people running bfgminer on windows even if I use specific search strings.
Very frustrating to say the least. At this point I am three weeks in and still haven't mined anything.
For now I have given up on bfg and kali as the dream team. For those that are in the industry i'm sure it is easy but I haven't used linux since college and until now have never really needed to have the tight of control of my computer.
My solution was to use bitminter.
https://bitminter.com/
Bitminter is a webpage and program that does everything including setting you inside a pool.
All you do is click a few boxes and enter your wallet address (use a temp wallet).
My debate now is simple.
Should I continue to struggle every step of the way with Kali or install windows and be more comfortable at the command line. Both have pros and cons.
The guy I bought the asic's from recommended I use linux and specifically 'kali linux'.
http://www.kali.org/
The operating system is free and legal to download and install.
It has been quite a while since I used linux but I remembered a few basis things about the command line.
Most importantly the command line gives a lot more control over every process but requires a lot more time.
Hard core computer people prefer this over windows take or leave it approach to computing.
I was also told by a few people that bfgminer is hands down the best.
http://bfgminer.org/
cgminer gets buggy as does guiminer seems to be the common consensus on the boards.
I did try guiminer for a couple days on my windows laptop and did not have the best results.
I'm sure I could have went on the message boards and figured it out but why waste the time when I know I am better off learning to use bfgminer.
So I went into my garage and found an old computer that was collecting dust.
Bad news the computer wouldn't 'post'.
That is a fancy way of saying I have been tripping over an old computer for the past few years that has no chance of ever working again.
I called a friend and asked him if he has anything in his garage and he did.
Between the two antiquated boxes I cobbled together a working linux box with a 250GB hard drive.
I installed Kali and still couldn't make any progress.
WTF!!!
So I did some more research and figured out that the password and user name that I entered during setup really doesn't do anything - I guess the kali people just wanted me to practice entering the combo??
The solution was to use 'root' as my user name and the password I entered during setup.
Now I officially have a working box that surfs the web and whatnot.
I installed bfgminer onto the box which takes a lot more effort than simply double clicking.
I needed to go back and forth from message boards to the command line.
I installed the program but have yet to actually get it to do anything.
Most google searches yield people running bfgminer on windows even if I use specific search strings.
Very frustrating to say the least. At this point I am three weeks in and still haven't mined anything.
For now I have given up on bfg and kali as the dream team. For those that are in the industry i'm sure it is easy but I haven't used linux since college and until now have never really needed to have the tight of control of my computer.
My solution was to use bitminter.
https://bitminter.com/
Bitminter is a webpage and program that does everything including setting you inside a pool.
All you do is click a few boxes and enter your wallet address (use a temp wallet).
My debate now is simple.
Should I continue to struggle every step of the way with Kali or install windows and be more comfortable at the command line. Both have pros and cons.
the beginning
I purchased 20 USB asic miners - aka USB block eruptors.
It isn't as easy as simply plugging them into the computer and clicking start.
These things are little vampires and suck down electricity.
The volts generally are not the problem it is the amperage supplied to each miner that can cause you to have a bad day.
I remember from my physics class in college -- 'twinkle twinkle little star power equals I squared R'
After doing some basic math I remembered that it is easier to google the answer.
I found a couple of interesting links.
https://bitcointalk.org/index.php?topic=253749.0
This link lists a bunch of USB hubs that can keep up with the current needed to properly run each miner.
This was a great find! Unfortunately for me I found this after I bough a handful of hubs from the slowboat on ebay. The hubs I purchased only produce 400mA @ 5v.
So now I am looking for wallworts that I can plug into these substandard hubs
I figured out that the plug has the specific dimensions of 5.5mm OD and 2.5mm ID.
I did some basic googling and the best deal I could find was on ebay for just under seven clams.
http://www.ebay.com/itm/190872018045?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649
These walworts are 4A @ 5v. should have plenty of juice to spare which will allow me to also plug in the USB fans I also slowboated in.
The new power should get here in the next few days. So until then I will limp along only running 5 out of 20 block eruptors.
If you are starting from scratch there is a company called MCM that sells what I am making for about $18 each.
http://www.mcmelectronics.com/product/83-11765?green=CE40BB6F-82B6-55DD-A4E0-9D06369BF8C7
If you order over 50 bucks they have free shipping.
If I was starting over I would simply order from MCM so I was starting with exactly what I needed for the least amount of money.
It isn't as easy as simply plugging them into the computer and clicking start.
These things are little vampires and suck down electricity.
The volts generally are not the problem it is the amperage supplied to each miner that can cause you to have a bad day.
I remember from my physics class in college -- 'twinkle twinkle little star power equals I squared R'
After doing some basic math I remembered that it is easier to google the answer.
I found a couple of interesting links.
https://bitcointalk.org/index.php?topic=253749.0
This link lists a bunch of USB hubs that can keep up with the current needed to properly run each miner.
This was a great find! Unfortunately for me I found this after I bough a handful of hubs from the slowboat on ebay. The hubs I purchased only produce 400mA @ 5v.
So now I am looking for wallworts that I can plug into these substandard hubs
I figured out that the plug has the specific dimensions of 5.5mm OD and 2.5mm ID.
I did some basic googling and the best deal I could find was on ebay for just under seven clams.
http://www.ebay.com/itm/190872018045?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649
These walworts are 4A @ 5v. should have plenty of juice to spare which will allow me to also plug in the USB fans I also slowboated in.
The new power should get here in the next few days. So until then I will limp along only running 5 out of 20 block eruptors.
If you are starting from scratch there is a company called MCM that sells what I am making for about $18 each.
http://www.mcmelectronics.com/product/83-11765?green=CE40BB6F-82B6-55DD-A4E0-9D06369BF8C7
If you order over 50 bucks they have free shipping.
If I was starting over I would simply order from MCM so I was starting with exactly what I needed for the least amount of money.
Monday, December 9, 2013
finding a miner
Finding a miner is proving to be difficult.
While some companies may have the expertise on building a machine nobody seems to have any idea on how to run a simple business.
Cointerra has the machine we want. It hashes 2Th/s which will produce on average 1.5 coins per day.
Today is the ninth of December and the earliest they can ship is mid February 2014.
http://cointerra.com/product/terraminer-iv-2ths-networked-asic-miner-april-batch/
black arrow has a similar machine and a similar story.
http://www.blackarrowsoftware.com/store/prospero-x-3.html
no deliveries until February.
While some companies may have the expertise on building a machine nobody seems to have any idea on how to run a simple business.
Cointerra has the machine we want. It hashes 2Th/s which will produce on average 1.5 coins per day.
Today is the ninth of December and the earliest they can ship is mid February 2014.
http://cointerra.com/product/terraminer-iv-2ths-networked-asic-miner-april-batch/
black arrow has a similar machine and a similar story.
http://www.blackarrowsoftware.com/store/prospero-x-3.html
no deliveries until February.
my mission
The purpose of this blog is to try and keep track of my bitcoin adventure.
I will post my notes, links, and with any luck my success story.
I will post my notes, links, and with any luck my success story.
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