Crypto-Mining 2018-2021

Sam George • January 30, 2019

Crypto Mining for Profit vs Value

 

Happy to share this after a year of mining operations in the US south, what started as a block chain experiment became a full-time gig in Jan/2018 with dedicated mining rig and clustered pools for BitCoin. Keeping the network alive and noise isolated while keeping the facility from heating up too much was a challenge by itself.

But the real challenge was not in mining, but in security, energy efficiency and keeping up with an ever changing miner fees and its value. The power bill surged 10 times that of a regular Data Center usage, despite the warmth provided by the dedicated miners churning blocks and hashes, things were not very warm in terms of the balance sheets.

 

  1. Hardware wallets were used to secure the mined blocks and coins from getting stolen :D - yeah they do get hacked, just search for Gdax hack.
  2. Still power cost in the US south was low and kept us going prudently aggregating all those lovely blocks
  3. Investment was almost beginning to get paid off and then the value to dollar fell below 6K
  4. Now the value to dollar in 2019 Jan is almost 3.4k and that not going to make any profits for those mining in Continental US, Central EU or even in South East Asia or Australia. Those lucky miners in Mongolia with subsidized power can still carry out massive mining operations profitably is my assumption.
  5. Cloud mining ADs stopped :D (similar to the insurance companies in Cali after the wild fire)

 

Update @ Jan, 2021
BTC surged to 28,990.00 USD today, our operations are resuming this week.

 

An end to the Human Loneliness?

By Sam George • March 20, 2019
Is it worthy of being alive, alone and successful at the same time - God knows. I had my piece of loneliness after a person that I passionately trusted vanished and left me to ruin in world of chaos and depression. My comeback to normal life took 4 Years. Fighting depression is the worst fight one can attempt, for you know in your heart that  winning is impossible unless you find a complete mental diversion - technology was my only way out - so start countless companies, enterprises and products in a quest to find a deviation for my mind to engage instead of living in world that looked gloomy and depressed, so baed on my personal experience, I believe an AI with emotions could be a life saver at times, they can be a mans companion on a future space journey, or as a weightless self assembling crew for a new beginning in a distant planet.

Our new HQ in the US South

By Syed Saboor • November 6, 2018
A Thank You Note