Category Archives: mining

Good Afternoon, welcome to the Hashrate Hotel, how may I direct your call?

I went to the Tomorrow Conference in Belgrade and I spent the last three days talking to people pitching me ideas. I’d bankroll them all if I had the cash but I don’t. So I figured the best thing to do is to have a look and, if I think they’re interesting, talk about them.

Many, many cans of Ultra, basically discount Red Bull, and Dogma beer later I got home and emptied my three tote bags only to find a bunch of business cards and promotional leaflets. Which means I’m gonna spend the next three days trying to figure who is who, and who was doing what.

It only took three cups of coffee but I eventually decided I should start by checking the Hashrate Hotel, which is pretty much what it says on the cover: a crypto mining hotel.

In short, what they do is they serve as a hub for miners, allowing people to split the cost and use a 20/0.4 kV power supply, up 1 gbit of speed and with 12 MW/h capacity. They also give you access to an app that allows you to keep track of electrical consumption in real time and power on/off your equipment remotely.

I’m not a miner, and I don’t think I’ll ever be. Partly because my brain melts every time somebody uses the words “super” and “computer” in the same sentence, and also because the costs are truly becoming prohibitive. But I do think we need change our tactics when it comes to mining, and make it more ‘socially acceptable’.

I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

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Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF

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Can you actually mine crypto on your phone?

I guess we can safely say that the quick, undiluted, unfiltered answer to that question is ‘no’. Most mining apps were removed from both the Android Play Store and the Apple Store a while ago, and even if it were possible to mine crypto on your phone, it wouldn’t be worth it because smartphones don’t really have the necessary processing power to actually make it worth your effort and the battery capacity.

There are a few exceptions but all of these apps come with big question marks attached to them. The most (in)famous example is PI Network, an app that’s been available for years and people tend to either love it or hate it. PI Network simply allows you to ‘mine’ a currency named PI by tapping a button once a day.

I’d call their project demi-serious. Their whitepaper is available for anyone to read, and they’ve recently announced the upcoming launch of their mainnet and several users have been using the app for years with no significant downsides to report, apart from the fact that, so far at least, nothing happened and no one made a cent. It’s worth noting that the launch of the mainnet has already been postponed multiple times. (There’s another app called Bee.com, which basically utilises the idea).

Another app worth mentioning is called ‘XMR Miner’, which is structured like a mining platform in a traditional sense but again, I don’t think it’s worth your time. I tried using it but it took days to get to 0.00001 XMR.

Lastly, there’s an app called ‘Ember Fund’. To me, and I might be wrong, this is the best option. Or at the very least I’d call it ‘the least pointless’. It’s basically an exchange with a ‘mining-style’ feature. You tap the button once a day and BTC is deposited every 10,000 satoshis. It also offers pre-ready packages that users can subscribe to. At the time of writing, you’ve got (among many) the ‘Ember Metaverse Index’, with an all time ROI of 33.01%, a package that comprises around 15 coins/tokens including 20.07% ILV, 15.11% MANA, 14.92% SAND, 13.6% Axie Infinity Shard, ENJ, WAXE, AUDIO, YGG, ERN, DG2, WHALE, TVK, RARI, NFTX, REVV and RLY.

Then you’ve got the ‘Big 3 Weighted’ with 56.60% BTC, 37.11% ETH and 6.2% LTC, or the Ember Defi Index with UNI, AAVE, MKR, LRC, YFI, SUSHI, BADGER, FARM and a few more.

This isn’t the most terrible of ideas, to be frank, but so far I’ve only used the ‘mining’ feature. We’ll see.

Do you know of any safe, reliable to mine crypto on your phone or laptop without killing it? Let me know in the comments.

I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF

Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code