Posted in Rants, Technology

Why Does At&t keep Lying?

5G is up and running and ready for 2019. Kind of. It isn’t really ready for mass market yet, but we will start seeing it come to our mobile handsets, maybe as early as March 2019 with the announcement of the Samsung Galaxy S10, 5G edition(via CNet). What is 5G you ask? Just to K.I.S.S., it is the next evolution in mobile internet access via mobile devices like the smartphones and tablets that we carry with us today; though tablets may be on the way out (via Forbes). 5G will mostly likely, double, triple or even quadruple the speeds that we have with our mobile devices on 4G LTE (via PCMag). It is the next evolution in our mobile internet broadband access for the world to use. The fun part about it, is the race to be the first to have it. Well, as of recently, if you have an At&t device, you may be seeing it pop up on your phone, like this:

att-5ge

Are you able to see the difference? It’s very subtle,  but you may be used to seeing it this way. Let’s zoom in a whole lot.

att-5ge-change

Can you see it now? You may be used to seeing that 4G LTE logo on most At&t phones, or some fashion of it. It may just be the text AT&T LTE in the top left hand corner of your phone, depending on the software. As of this writing, I would say that 99.9% of At&t customers are used to seeing the LTE logo on their phones now, but as of 2019, it looks like At&t is starting to swap some customer’s icons to the ‘new’ 5G as they are touting 12 cities with 5GE capabilities available (via FierceWireless). The overall problem that I have with that is, that the handsets are not yet available that have the 5G modems that can receive the signal and most likely, won’t be available until later this year, if not until 2020.

Now this is a similar tactic that was previously used by At&t back in 2012, when they basically did the same thing and started labeling HSPA+ (a 3G .5, or 3.5G technology) as ‘4G’. I actually wrote about this when it happened back in 2012. T-Mobile actually started the whole snowball by labeling their HSPA+ 3.5G as ‘4G (aka FauxG) with their whole Carly Foulkes marketing campaign and At&t followed suit (via DigitalTrends) after finding out that no one really cared.

So now, here we are again, where companies are allowed to put labels on things that are not truly what they are. The fun part about it is, that companies are now trolling each other for the shenanigans. Check out T-Mobile’s response on Twitter:


As stated above, and linked in the Digitial Trends article, it was At&t who condemned T-Mobile for the sudden change in marketing tactics, even though the technology didn’t match up with the labels. So now, in 2019, the shoe has swapped and T-Mobile is trolling At&t for the same exact behavior. While I don’t like the marketing tactics of either, it can start to be confusing for the consumer, as salesmen at the store can start using this as a selling point, even though the phones have not reached the capabilities for 5G yet. As the Verge points out, the ‘5GE’ that is currently being changed, is really only LTE Advanced or LTE Advanced Pro in the current markets.

All of my issues aside, as this has happened in the past, even dragging Apple (via the Verge) into the mix, I am just tired of companies making things more confusing for the customers at the bottom and just getting more $$$ in their pockets with marketing jargon. I just find it very funny that all of the wireless companies are repeating past mistakes and no one is really on a national level calling them out and most general consumers will never care to be educated about the things they are being sold on past the cover of the book.

Posted in Apple, Rants, Technology

My Problem with Apple Fanboys and the Company as a Whole

 

I want to be very transparent right up front. I used to be an Apple iPhone guy, an Apple iPod guy and even now so, an Apple iPad guy. I can say without hesitation, Apple STILL makes the best tablet, as of January 2019. I have had a Samsung tablet and even read some of the most recent debacle issues that the current Google Slate is having. I still use my Microsoft Surface Pro 4 as my “daily driver”, though, not in tablet form, but in full on laptop mode, if you will, because I have FULL Windows on there, and tablet mode just seems to ‘maim’ it and I don’t like that version of it. All of that aside, let me get you to where I am with Apple and Apple products.

Way back in 2006, I was carrying the Motorola RAZR V3i. This was the variant of the wildly popular Motorola V3 RAZR phone that had iTunes on it. Apple had recently partnered with Motorola to release the Motorola ROKR(a poorly received, yet rehashed phone from 2003 called the E390) which was the first phone with iTunes that was announced a few months before the V3i, but was a HIDEOUS phone. It was the “dream” phone, because you could carry your iTunes library (albeit only 100 songs max) from your iPod and also have your phone on you at the same time! You have understand, back then, you had to have your iPod as a separate device and carry it separately (and the reason for the modern AUX jack in your radio) from your phone. Smartphones were not yet ubiquitous. Blackberry was the dominant player of the day in the smartphone market, which held the nomenclature of ‘crackberry’.

So back in January 2007, when Steve Jobs got up to announce the iPhone and that we could get this ‘magical’ device in 6 months, the world was EXCITED! (The Motorola ROKR was silently killed off.) I have to admit that the iPhone was the first of it’s kind and definitely changed the smartphone market from then on. I even video’d the event on my RAZR V3i (very poor quality) as I waited for my first iPhone to get shipped to me through Cingular Wireless.

I did several short videos on this, as back then, you could not ‘live-stream’ the way we do now. I had to do this via short clips, as the V3i didn’t have a lot of storage to store videos and I couldn’t use the live-streaming app Qik that I would eventually start using with the iPhone. As you can see, that this phone drew a lot of new people to the smartphone market, including myself.

So I had the original iPhone 2G (named because it only had Edge network capabilities on the Cingular, soon to be At&t network) and was able to sell the phone unlocked and jailbroken a year later to some guy in Italy for more that I originally paid for it! You also have to remember, this was back when the wireless companies subsidized the full cost of the phone because you were agreeing to a 2 year or more contract, so I had only paid $299 for it! You can see the video I used on eBay to sell the phone still online:

So I purchased the iPhone 3G, as it was obvious that many other phones that weren’t smartphones had 3G capabilities and was limiting the first iPhone from ‘high speed’ internet. Apple’s biggest argument was that 3G was a battery hog and could kill the performance that they wanted from their first foray into the smartphone market. As the first iPhone was such a smash hit, they pushed forward with the second iteration, known as the iPhone 3G. Then, in their 2009, 3rd generation iPhone, they released their now known update as the ‘S’ year, the 3GS. This was basically a simple update to all things on the previous version, which usually doubled all the performance over the previous version. Since this was an ‘S’ year, I skipped and held on to my 3G for the full 2 years and waited for the iPhone 4.

The iPhone 4 was an AMAZING upgrade and introduced us to the ‘Retina‘ display and showed to us that Apple still could hold the consumer market in ‘awe’ as they continued to innovate on the original design and capabilities of the iPhone. They had added a front facing camera for the then unknown Facetime chats, but would soon just become the ‘selfie’ camera. Even though it had been leaked ahead of it’s launch, the iPhone 4 was wildly anticipated and hyped before we were ever able to purchase it! Apple is a company known for it’s secrecy and even hunted down the people who were implicated in the ‘loss’ of it’s prototype device. All of that aside, it was an awesome phone for 2010, so I made my purchase and sold my iPhone 3G, though this time, for a little less and didn’t make a profit.

Though, I did have this weird vibrating issue with the phone when I first got it, but that ended up being a REALLY small fluke issue that only affected a small number of people and you can see that video here:

I mentioned it in passing in this video, but it affected quite a lot more people than the vibrating issue that I ran into and that was one of the first MAJOR ‘gate’ issues, known as ‘Antenna Gate’. There have been plenty over the years, but this was the first one that I became majorly aware of. It was such a pivotal moment for Apple to take a hold of the issue, but the way they illustrated it to us, was that it was our faults. Even though they did provide ‘bumpers’ or discounts on cases, with the idea that we were supposed to buy MORE items from them to fix their issue, it was painfully obvious that Apple was blaming the users. I even had a rant about it, when it all went down. You can see the full event here (sans the Q&A afterwards, which you can find in pieces on Youtube):

The funny thing was, that after the press event, it didn’t take long for someone to show that their answer was a bit flawed.

yourholdingitwrong

Even though, this was one of the first ‘cracks’ in the armor that I saw in the ever growing popularity of the iPhone and Apple as a whole, it was a little disheartening to see they were blaming the users. Obviously, this was a real attenuation issue with how the antenna received signals and the human hand could kill it, but to say that it was the user’s fault and not really admit that his was a design flaw was a little disingenuous in my opinion, but I held on and continued with the iPhone 4 throughout it’s life cycle.

The same continued for the ‘S’ year cycle again for the 4S and I again, skipped; now seeing that Apple would continue this format of new design, update old phone with new specs and then redesign again. So I figured that by the time the iPhone 5 would come around for the 2012 release, I would be more than happy to upgrade and be WOW’d again. Unfortunately, this did not happen. The iPhone 5, was a rehashed version of the iPhone 4, but this time and for the first time, had the screen size increased to an almost 16×9 ratio with still carrying the ‘Retina’ display moniker. Yes the phone was thinner and faster than the 4S and even had LTE for first time, but this wasn’t as enticing as the change was from the 3GS to the 4.

Also at this time, the Android market had begun flourishing and many companies had already had their freshman and sophomore tries at smartphones and were releasing phones with better specs and features than what the iPhone 5 was carrying. So I began looking around and found a nice alternative with Samsung and the Galaxy S3. This phone had a 1280×720 display, whereas the iPhone 5 only had 1136×640. The overall screen size was larger at 4.8″ over the iPhone 4″ screen, which was one of the major reasons why I left. Apple was getting stuck in their idea that 4″ was the magic number and that no one wanted anything bigger. This wasn’t the only reason, but was a major factor in my decision to switch from iOS to Android.

Which also brings me to the idea that iOS was getting stale. No matter what Apple did to the iPhone, no matter how many times I jailbroke the iPhone, I could see more options on the fledgling Android side of things.  I was getting tired of the software on iOS and at this point, the iPhone was starting to be owned by anyone and everyone. I didn’t want to be a part of the crowd and I wanted to stand out.  I had researched phones like the Motorola Atrix or the HTC EVO 4G for quite some time, but due to network availability, I had to end up choosing the Samsung in the end and I was happy that I did. The funny thing was, that the S3 ended up being a very popular phone for Samsung as well and I was loving their bigger screens and ended up the next year, upgrading to my first ‘phablet’ phone the Galaxy Note 3. This began my obsession with larger screens.

I stuck with Samsung as they kept making things more awesome every time I upgraded and I felt like they were the company that was making me have that WOW affect every time. I followed my 2 year cycle, as I was still on At&t contract scheme and skipped the Note 4 and went to the Note 5. Even though, the Note 4 Edge was a REALLY cool design, and I seen the prototype at CES a few years prior, they only put the curved edges of the glass on the back of the Note 5. It was really cool to see the curved edges finally make it to the front of the phones with the S6 Edge, earlier that year, but I still wanted the larger screen phones. They eventually made the S6 Edge+, which was basically the size of the Note 5, but had less features than the Note series.

I won’t go much further in my history with Samsung and why I continued to stick with them, but you get the basic idea that it Apple continued to be ‘stale’ to me, even with the change to the design of the iPhone 6, which wasn’t really, all that much different. Then they continued on with that design through all versions of the ‘S’ years through to the iPhone 8 and still some of that design is in the iPhone X and XS. All the while, Apple kept cultivating a ‘fanboy’ status among their fans and was becoming of a cult status.

Over the years as issues went on and on, it was all in how Apple handled their ‘faults’. I think this is one of the biggest reasons why I continue to obstain from Apple and have disdain for their products, even though, some of their products are great. I can attest that iMessage is an awesome idea that Android still really hasn’t mirrored. AppleTV and iPad are in my opinion, one of the best products in their particular markets. I will even admit that MacOS from time to time can be quite helpful, but it isn’t enough to sell me over into the ‘walled garden’ aspect of their entire ecosystem. Especially when there are great alternatives out there, that are cross platform and don’t really care what system you are on. Web services, platform agnostic, to be honest are the best and should have always been the way, as Steve Jobs really wanted from the beginning. (Remember web apps, before we had the iTunes App Store???)

All of that aside, I think this guy kind of puts all of my feelings toward Apple in a nice 22 minute video. Thanks for reading my ramblings and rants. Feel free to comment below. I’ll leave you with the video below:

 

Posted in Cryptocurrency, Technology

Mining Cryptocurrency in January 2018

My last post was the beginning of mining at home with Ethereum and also with my cloud mining efforts with Genesis Mining. I wanted to do an update since then, just so I could see for myself what my efforts have brought me and just to report to the world, how it is going in the world of mining. So the first thing I want to cover, is the fact that the mining at home, in it’s current state, has gotten quite expensive, if you have not already gotten into it and bought the hardware needed to mine. Typically, people want to buy a GPU with a certain number of Gigabytes for mining, and right now, the cost per GB has gone up severely. When I made my first post, about the card that I purchased, it was running $299.99. I even was able to go back, a few weeks later, when they dropped the price to $269.99 and get my $30 back on the price difference.

Well, things have changed. If you look at the XFX Radeon RX 580 8GB card that I got, it is now over $500 to purchase now. Miners have caused the cost of graphics cards to go up significantly. I actually shared a news article about this whole phenomenon from Tech Radar a few weeks ago. With this push back, it looks like makers like Nvidia have asked retailers to make sure that no one is walking out with more than 2 graphics cards at a time. If you look at the current cost of an Nvidia GeForce GTX 1070 Founders Edition 8GB, it can vary in range from about $380 (IF YOU CAN FIND IT)all the way up into the thousands!

This has changed some people’s mind about purchasing cards right now, due to the fluctuation in the cost of entry for getting just one card. Such is the law of supply and demand, though. I highly recommend against it at this current writing of this article, but it could change in the near future, with all that Nvidia is working on for their machine learning and computer vision projects they are working on for their autonomous car driving aspirations they are trying to reach. Only time will tell though.

At Home Mining

So, let’s get back to my at home rig that I have been running for a few weeks now. Remember, I just got started in November, so there is a little bit of difference in these. Previously, with the cost of Ethereum, I was getting anywhere between $1.25 and a $1.50 a day. Since I last  wrote, Ethereum has now broken the $1,000 level and has stayed above that for the most part and now I am getting over $2 a day. Which is GREAT! So let’s start off with what I got from November. The mining pool that I started with, required that you be at a certain minimum before you were able to cash out, which was 0.05 ETH. I say was, because they tweeted out, that starting on December 1st, 2017, they would start cashing out anything above 0.02 and from then on, they would cash you out if you have not cashed out in the last days.

As you can read from my last post, I was able to start cashing out on December 2nd, 2017 and every week after that, since then. I would say it has been pretty much on schedule, every Monday since, except for when I recently changed my request to put my mining efforts into my Exodus wallet instead of my Coinbase wallet. Now it looks like I will get my efforts on Sundays instead. Either way, let’s take a look at what I have been getting. Keep mind, that the USD comparison, is for the exact worth at the point of deposit. Since Ethereum is traded daily, that worth is volatile and changes the instant it was deposited. All of that, aside, here you go:

Date ETH USD
12/2/17 (Tuesday) 0.07880366 35.8
12/11/17 (Monday) 0.03345818 16.12
12/18/17 (Monday) 0.01984642 15.31
12/25/17 (Monday) 0.02131229 15.85
1/1/18 (Monday) 0.01870194 14.02
1/8/18 (Monday) 0.01909514 22.01
1/15/18 (Monday) 0.01844023 24.24
1/22/18 (Monday) 0.01331773 12.98
1/28/18 (Sunday) 0.01436816279 16.98

This means that since I have started, I have mine’d 0.2373437528 of ETH with a cost of $173.31 (calculated, not actual current trade rate). That means that there is a difference of $96.68 in the 9+ weeks that I have had it. Meaning, I should be well on my way of having the card paid off, in less than 7 weeks from this writing, if I use a low average of $15 a week. You can see the price change over, week by week. For instance, you can see that the week of 12/11, I deposited 0.033* and only got $16.12 for it. Where as of this last Sunday, because the cost per ETH has shot up over $1,100, that same $16 is only 0.014* ETH.

One thing has changed sine I last wrote as well. Previously, I did not factor in the cost of electricity. This time, I sort of can. Since I started this in November, I was able to see the bill from October to November, jump up from $90 to $120. Luckily, I did not have to pay any of the first month’s electricity. Then I saw the month of December jump up to $180, so I offered to pay half of the bill, since I did not purchase the kW monitor for this PC. Then for January, it went up to $256, so I offered to pay $125 of the bill. So I have paid $215 out in electricity, but I just can’t give you a really good, ACTUAL per unit cost, due to the fact I am just guesstimating and volunteering to pay 1/2 of the electric bill. Remember though, I can tell you, it is still roughly $0.10-$0.11 USD for electricity here. So right now, I am still “in the hole” on the card, but it should start coming through very soon.

The other thing I have been able to see though, is a slight drop in my mining hashrate. I was typically getting about 20 MH/s on average, but that has recently dropped to 19. Which is odd and because I don’t really research it, I don’t know if it is my card getting worse, or if the traffic on the ETH network is getting more and more and thus making it more difficult to mine, I have no clue. I keep a close eye on my mining from anywhere I am though. I can always watch my efforts on the Ethermine website either at the old site or the new Beta site.

I have been using my mining efforts to do more trading on Binance and HitBTC to get other forms of cryptocurrency like Cordana, Ripple and Ark. So my actual total sum, isn’t the total sum anymore. I have moved some of it over, but for the last 2 weeks, I have kept the balance and just added it to my Exodus wallet. You can check out my balances on both of these trading platforms, as of this writing here:

HitBTC Binance
ETH 0.00063153 ADA (Cardano) 57
XRP (Ripple) 20 ARK 3.51
IOTA 0.997
Est Value 0.00489153 BTC Binance 0.03066671
$22.8075 USD XRP (Rippl) 0.0148
TRX (Tron) 0.0125
ETF 0.00792166
ETH 0.00007447
LTC (Litecoin) 0.000025
Est Value  0.00489153 BTC
$48.85 USD
Cloud Mining

I continue my cloud mining contract with Genesis Mining (Affiliate code for all Genesis Mining users:K8MO34 ) as well, but it isn’t as lucrative, since I bought in at such a low hash rate. My zCash continues to grow, but I am currently sitting at just under $13 USD since I started it. With my ETH contract, I am currently sitting at just under $10 USD with it. This is a continual thing though, like a slow leaky faucet that I put in $80 USD on, so it is nice to see the outcome each day. The only thing with Genesis is, with ETH, they “claim” there are “fee” issues where the costs are too high to cash out, so you have to actually wait until your ETH meets 0.075. I am currently sitting at 0.0086854. With an average of 0.00016* coming out each day, it will be about 1.5 years before I actually get the payout. Which is completely annoying, because I can send my above mentioned mining efforts of either 0.01 or 0.02 ETH every single week!

The biggest problem, isn’t Genesis Mining. It is me and the fact I got the cheapest mining contract they had, because I just wanted to try it out. If I were so inclined, I could have bought more power, or soon to be, buy more power. They recently announced a pre-order that I can make if I want, but the minimum purchase is just over $1,500 USD! Now, I am currently only at 1 MH/s in the contract I am in with Genesis for my ETH. It was roughly $80 USD. So, to go up to 40 MH/s and not have to pay 40x the cost, I guess is a deal, but I just don’t have that kind of money (extra) to buy in right now.

 

With zCash, I have been getting, every 3rd day or so, about 0.001 to 0.0011 every time. This is a little bit nicer, since the fees are a lot smaller, I actually get my cash out, every third day. Even though I have been mining at 25 H/s, instead of MH/s, like with ETH, I am able to get “real” payouts without having to wait. The biggest issue I have with Genesis though, is the fact that I can only purchase whatever they have available for contracts. I assume this is because of their own build outs. They physically have to be able to afford to buy more equipment before being able to sell cloud mining contracts. Either way, I just don’t see it being worth the money, unless you don’t have the knowledge or money to get into building your own mining rig.

Off until next time..

– Rusty G

Posted in Cryptocurrency, Technology

Mining Ethereum December 2017

So, I recently told you of my adventures of getting into the cryptocurrency world. So now, I want to get into my 2nd adventure of mining. Before you ask, no, not like mining gold or diamonds, but cryptocurrency mining. The idea behind cryptocurrency mining is that you are solving very complicated math problems to get the next block in the chain and then possibly get some coin in the process. Basically, you are running the transactions that are being requested by users at that time, that are in the queue. This is just a very high level broad overview, but you get the idea. Just like Visa/Mastercard has to have something process the payment for businesses, so does cryptocurrency and currently that is a network of computers doing that, around the world. If you want a great rundown, then I suggest reading “Ethereum Mining 101: Your Complete Guide” by Ameer Rosic at Huffington Post.

 

Mining from Home

Now, that I have given you a basic idea of what mining is, I wanted to let you know that shortly after I jumped into the bitcoin world, I also wanted to try mining out for myself. So I went out and bought a graphics card that could do so. Mining can actually be done by really any graphics card, but the more powerful you get, the more you can mine and get more $$$! So, with that being said, I did little to no research and went out and bought the XFX Radeon RX 580 8GB graphics card from my local Bestbuy. After making my purchase, I went and downloaded the appropriate software and signed up for a pool and got everything setup and began mining. Now mind you, the biggest cost to mining any cryptocurrency is the cost per kWh (aka the electricity you spend). For this particular story, I am going to remove that variable, due to the fact I am just trying to get you a baseline before adding in all the extras of cost of ownership. So, this card, currently runs $269.99 as I write this, but at the time it was $299.99, so basically , $330 after taxes for initial cost (I am headed back to get my $30 back, since it has been less than a month when I purchased the card).

Unbeknownst to me, the machine that I was putting this into, was not going to have enough power, so unfortunately, I had to spend another $70 to get the power supply a few days later, so now my up front cost is $400 to get started.

With that being said, I got my mining “rig”, as the cryptocurrency community calls it, up and running that night, on 11/6/17. I basically just left it as is and let it run and tried a few different things to tweak the settings. I setup a web remote control software, so that I can see it, or control it from anywhere, which is great, because I won’t always be at home. After getting it up setup and letting it run for a day or so, my first couple of days were slow to say. Here, you can see the app reports to me how much I was making in the first few days of operation. It started out like basically just a $1 a day. This can change as the price of Ethereum goes up, so you will see this in the screenshots below.

In the pictures above, you can see the price went from $1.10 to $1.33 a day. As of this writing, I am getting in between $1.50 and $1.70 USD a day. This can change due to the amount of trading going on with Ethereum, so a better way of looking at this is, how many megahashes I am doing. This is a term of measurement in which my graphics card is doing calculations per second. Now currently, that averages between 17 and all the way up to 24, but I can not get it much higher. I have been doing some research online, on my specific card and I can get this higher, but so far, to no avail. Now you can see, this is going to take me roughly, a little less than a year to make my money back. I am taking an average of $1.50 a day and dividing the cost of the equipment, $400 and getting ~266 days of operation. The fun part about this is, I can always see where I am at, as far as pay out that is due to me. I can go directly to my pool and they setup a page, so you can see the work going on. On that page, you can see, I just recently cashed out on 12/2, under the payouts/rounds tab at the top.

Now, with that being said, I can set the settings as to when I cash out, but the pool decided to start doing weekly cash-outs with no transactions costs to me. This is awesome! So, I started on 11/6 and then cashed out my first “earnings” on 12/2. So I was only running 26 days and what was my cash out? Let’s take a look at that see what happened.

So as the math works out, in those 26 days, I ended up with 0.07880366 ETH. When translated at the cost of ETH currently, in which, the higher the better, I ended up getting ~$35.80 for the first 26 days. Which is fun, because as the price of ETH goes up, so does this piece of ETH that I have. If my math works out, I ended up with an average of ~$1.38 USD a day. This will obviously slow down my previous projection of getting this card paid for in 266 days, but you get the idea. Now also remember, I am NOT FIGURING IN THE COST OF ELECTRICITY. So this will make the profit go down even more, but I just wanted you to get an idea of what mining might cost someone. Electricity is something that is different in different regions of the world, but currently we are running ~$0.10 per kWh where I am. I unfortunately do not have a power monitor plugged into my machine, so I cannot accurately report on that. So before you complain that I didn’t factor that in, please DO take this into account, if you are going to do a similar venture. I will continue to report back on my earnings as I find this intriguing, but now I want to move on to cloud mining!

 

Cloud Mining

Moving on to cloud mining, if you don’t have the money to purchase a graphics card or you don’t have a desktop machine to put a graphics card, your best bet is cloud mining. This is the idea that someone else does the mining for you and they are paying for all the infrastructure and you are basically bank rolling their efforts and you get your profit from whatever contract you sign with them. The best and most known one in cloud mining is Genesis Mining. They have videos all over the web of their facilities, so you can see what they are doing and what they are doing it with. This is a lot less to invest, but will require at least a 2 year contract with them. Now, you can see my profits above in the first 26 days of having my own mining rig, so now I want to show you what I have since I started with Genesis. I did not start with Genesis until 11/17, so the time is a little different, but you will see what I have so far, since I started.

With Genesis, you are buying hash power. Your power is allotted over different altcoins. I specifically did 1 megahash of Ethereum and 25 hashes with zCash. You can see a quick description of megahash here, but basically it is the amount of mathematical power I am buying into that a graphics card can do and they will give me that amount of Ethereum or zCash that was processed out of that card. I put in roughly $80 USD to get started and now I have both Ethereum(ETH) and zCash! So let’s take a look and see what I have in Ethereum first. (The only bad thing I don’t like, is that Genesis doesn’t really have a great way of seeing it all in one place, just each individual transaction, ugggghhh!)

Mining day Currency Net payout
01.12.2017   ETH   0.0001619
30.11.2017   ETH   0.00016418
29.11.2017   ETH   0.00016627
28.11.2017   ETH   0.00017231
27.11.2017   ETH   0.00017091
26.11.2017   ETH   0.00016956
25.11.2017   ETH   0.00016983
24.11.2017   ETH   0.00017143
23.11.2017   ETH   0.00016905
22.11.2017   ETH   0.00017218
21.11.2017   ETH   0.00017805
20.11.2017   ETH   0.0001776
Total: 0.00204327

If I look at this table, I didn’t start getting paid by Genesis until 11/20, which was 3 days after I started. So be aware of that for ETH, specifically. Each altcoin mining is different. So since the 20th, I have been mining for 11 days and have received (well put in an account until I reach the minimum) a total of 0.00204327 ETH. As of this current writing, ETH is worth $458.77 USD[click the link for most up-to-date cost], so I have $0.9373909779 USD. As you can tell, this is much slower. I have to point out though, I only put in 1 megahash of ETH hashing power. That isn’t really a lot. Remember, my at home rig is doing anywhere between 17 and 24 times that, but I only had to do a fraction of the cost to get this up and going and didn’t have to have any technical know how. If I divide out the 11 days, I am getting roughly $0.09 USD a day, with current trading costs of ETH. I could absolutely buy more power and get more per day, but right now, that is all i wanted to try out. You do not have to buy a card, or own a computer or pay for the electricity either! You are basically renting someone else’s power to get money out of their efforts. I reckon it to buying or renting a house or a car. 

Let’s look at my zCash efforts with Genesis and we will see where we are in the 11 days since I got started. Now, the current cost of zCash is about $325.36[click the link for most up-to-date cost], so this is the base price I will be using for my calculations.

 

Mining day Currency Net payout
01.12.2017   ZEC   0.000443
30.11.2017   ZEC   0.00041513
29.11.2017   ZEC   0.00042225
28.11.2017   ZEC   0.00044425
27.11.2017   ZEC   0.0004215
25.11.2017   ZEC   0.0003675
24.11.2017   ZEC   0.00038425
23.11.2017   ZEC   0.00043675
22.11.2017   ZEC   0.0004495
21.11.2017   ZEC   0.00042853
20.11.2017   ZEC   0.0004621
19.11.2017   ZEC   0.0004275
18.11.2017   ZEC   0.000392
17.11.2017   ZEC   0.00038375

Total:

0.00587801

If I take the current cost of zCash and multiply that out to USD, I have $1.9124693336 for the last 11 days. So for my zCash efforts, I have been getting, roughly $0.17 USD a day! Again, you have to remember, I only put in about $80 USD to get these 2 contracts started and I didn’t have to have any technical know how or have to build any machines to do it. So, this is just a quick and dirty overview of cloud mining. I could go more into detail, but I am still learning this as I write this article! I plan on learning more and more as the days go on. If you have any questions, feel free to ask or leave comments below!

 

-Rusty G 

Posted in Cryptocurrency, Technology

Making Money with CryptoCurrency in November 2017

ethereum-price-fb
So, it is near the end of 2017 and as I look down this page, it has been quite a while since I used this page for anything, so I figured I would use it again for the purpose of telling you about cryptocurrency and the mining that can go along with it. Since my last post, a long time has past (2013 I see) and during that time, a friend of mine that goes by the name KornyKory on twitter, got me started in the Bitcoin world back in 2015.

Now mind you, Bitcoin actually got started in 2008 after the whole house market crash and all things related to it, but it really didn’t starting gaining traction until 2010 or later (don’t quote me on that). I am not going to give you a history lesson on Bitcoin, but the basic idea is that the creator of Bitcoin, wanted a decentralized way of sending and receiving money that didn’t include the world banks. I am basically giving you a high altitude version, because you don’t really need the details, but just know that Bitcoin is an online digital currency that allows you to buy and sell ‘things’ (everything to be more specefic) that knows no boundaries.

Since the inception of Bitcoin, it has grown into other alternative digital currencies known as AltCoins (alternative coins to bitcoin). One of the most popular is called Ethereum or ETH for short. The idea behind these altcoins is that bitcoin had a really great idea, but they wanted to make it better and faster. So to this day, there are over 990+ altcoins out there and the list keeps growing! All of that aside, I wanted to get you to where I am today with Bitcoin and cryptocurrencies.

So back in 2015, my friend KornyKory,who I had met through playing Ingress, which is a whole other ball of wax on it’s own, had spoken to me about Bitcoin and I had heard of it and kind of had an idea, but never really looked into it. He was trying to show me stuff about it and get me into the idea of buying Bitcoin. So he started me off by clicking on some link and getting like $0.000048BTC or something small like that in the initial purchase for being an affiliate I guess, through a company called ChangeTip. It was something small and I never really paid any attention to it again; I was just helping a friend out. Until months later, when ChangeTip went out of business and was telling everyone to get their balances out and move into some other service like CoinBase to maintain their balance.

So I moved my BTC over to CoinBase and for creating an account, I got a $1 USD worth of bitcoin.
firstbitcoin

So now my account was filled with $0.004499 BTC in 2015. Back then, obviously, you can tell, bitcoin wasn’t really worth that much. Fast forward 2 years and my same friend got me back into talking about bitcoin again as it was starting to hit the tech news cycles again. This time, due to the rising cost of bitcoin. Over the years, it has gained popularity and notoriety and the price per coin has SIGNIFICANTLY gone up. Around the time I was looking into it, near the end of October 2017, bitcoin had gotten over $5,000 USD per every single bitcoin.

So, I fired up my email and began looking for all of my bitcoin transactions, knowing that I had some bitcoin of some kind and needed to know how much! So I began looking around and found the email where it all originated and was happy to find that I had apparently put in $25 USD into BTC the same day I brought over my balance from ChangeTip. The sad part, for some reason, it got cancelled 4 days later for some unknown reason. originalBTCpurchase

As you can see in the email above, the going rate for BTC was roughly $225.49 USD = $1 BTC. I am not really sure why this transaction got cancelled, but I am kicking myself for it now, because as of this writing, it would be worth $927.27 USD (current BTC price – $8,115.32). All of that aside, I still had the original $0.004499 BTC, so I began looking into it again around the beginning of October 2017 and was getting excited! As I said before, it was over $5,000 USD at this point and now my $0.004499 BTC was worth about $25 and I literally did nothing but hold on to it!

Outside of this, I had recently cashed out my 401k (I know this is a bad idea, but I was facing some extenuating circumstances) and had some ‘extra’ money on hand and I decided I would take some of it and try out this bitcoin thing again, but with a lot more money this time. So I set aside $1,000 USD and purchased my 2nd bitcoin on October 23rd, 2017. The then, going rate was $5,671.87 USD/BTC. This transfer of funds would take right at about a week. As you see in the email below, it would not be available until October 31st.

secondBTCpurchase The fun thing about BTC, is it is a lot like stock trading in the New York Stock Exchange at this point, due to the high volume of BTC and the availability of so many other altcoins out there. So, even though, I bought at a certain price, the value of the purchase could go up, even in the 8 days I had to wait just to gain access to my funds. Now, you will also see a transaction fee associated to the purchase, which goes to the system (in a generic sense, but partly to the pool or miners that are doing the work processing your transaction), so I actually got $985.32 in the exchange, which is roughly a 1% fee (0.01468 to be exact). This can be seen like the processing fees for businesses that have to pay Visa, Mastercard, Discover to process their payment system of plastic cards.

So, after my 8 days of waiting was up, sure enough, the price of bitcoin had gone over $6,000 USD. I had purchased in at $5,671.87, but now the price was $6,143.85. Now my $0.17372054 BTC was worth $1067.31 (well $1,067.312939679). In the 8 days I waited for access to my funds, I had already gained back the transaction fee that I paid and made money! Just about $67.31, but that was cool! I literally didn’t have to do anything but wait and made $8.41 USD a day in waiting! So I began looking more into this.

oct31price

As you see in the chart above, the price began to increase even more on a daily basis. This again, was just in the price of BTC going up, just like the cost of a stock in company, but this wasn’t a company, it was digital currency! I was getting excited! So I watched it for a few days and by November 2nd, BTC had now crossed the $7,000 price! It was crazy! Some analysts and bitcoin people are already predicting $10k by the end of the year, but this was crazy to watch, in just less than 10 days that I made my initial purchase!

nov2price

I was getting more and more excited as the days passed and I had been reading more and more about bitcoin and cryptocurrency and the history and current developments. I was trying to get my hands on everything I could, because it was obvious, this was getting off the ground. So as my money was growing, I was trying to figure out what to do with it. So on November 7th, I had researched and thought Ethereum would be my next purchase. By then, my initial purchase had turned into roughly $1,300 USD. The then price of Ethereum was roughly about $300 USD per ETH coin. So I took my profit and bought $0.97573352 ETH. I didn’t get a full 1 ETH coin, due to processing fees and such, as previous with BTC, but it was enough to make me happy.

initialETHpurchase

So, in the first 15 days of owning my BTC, I had made roughly $20 a day, without lifting a finger! I was then able to transfer that profit into an altcoin and see where that would take me! I have not looked back and this experience, I plan on documenting as I go along. I want to share this experience as it happens and hopefully get more people on board the cryptocurrency bandwagon and see if it can help you! As always and in every bitcoin and cyrptocurrency video I watch, I will repeat what they say, I AM NOT A FINANCIAL ADVISOR. I am just someone taking this as it comes at me and see where it goes! If you think you want to join, I can set you up with a CoinBase account and you can get started too! Complete transparency, if you use the link above and buy $100 USD or more, then we both get $10 USD in bitcoin (which is roughly $0.0012354800210526 BTC)!

I say all of that to talk about this graphic below, known as the bell curve. It is interchangeable to multiple topics, but this is one I think best fits the idea of where bitcoin is and where it is going. The time of the innovators and early adopters is already passed and we are now getting into the early majority. I consider myself the early adopters and at this point and of this article, you will be in the early majority. Bitcoin and other altcoins are going to become a real thing in the future of payment options. Just like credit cards started out as diner’s club cards and mobile payment systems are now becoming a thing, bitcoin and all of it’s little brothers and sisters will also be the future.

bellcurve