How To Mine ASIC Resistant CryptoCurrency PURK

We have been strongly talking recently about ASIC resistant cryptocurrency first was being Raven (RVN) and then secondly in detail about Monero hard fork to avoid Bitmains newest and most worthless ASIC miners. To continue this trend we have been looking and another cryptocurrency has popped up with some key features that in all honesty we do not see from new coins anymore

Official PURK website
Mineable Crypto
No Pre-mine, Instamine or ICO
CPU + GPU mineable
Wild Keccak algorithm

That little list right there got my attention, so I decided to look into a bit further and get mining. If you are looking for a brief description of what they are trying to achieve it is here

What is Purk?

Purk was created to help content owners and service providers monetise their website or application by accepting quick and easy micropayments from their users or customers. Website users can send Purk to a content owner or service provider to show appreciation for their hard work.

By sending micropayments as a donation, it highly reduces the amount of monetisation that is needed on a website. Instead of using intrusive adverts, affiliate links, pop ups and sponsored posts, website owners can install the Purk Button and accept quick and easy payments to monetise their content or service instead. Not only does this reduce the amount of promotional clutter on a website, it also reduces costs on content writing and saves time by allowing your customers to tip/pay your writers or employees directly.

 First step I would go and get yourself a PURK wallet, install and sync so you are ready to store your

Baikal Miner, Buy 1 Get 4 Free

Yes the title is right, it looks like Baikal miner might be trying to recover some profit after being badly beaten by Bitmain in hashrate and machine release. If you buy one of their miners for cryptonight mining they will send you four more for free. Although at $1900 you will need all 5 to match the Bitmain version in hashrate.

Personally I will still stay well clear of these miners as I do not see them getting anywhere near a return on what you invest. Although if you really really want to go buy some Baikal miners you can check it out http://www.baikalminer.com/product12.php

Rent My Rig & Many Others With Mining Rig Rentals

A Lot of people use Nicehash to rent or sell renting power due to how easy it is, but did you know you are not always receiving the best rate? Mining rig rentals is something which I have recently switched to because of the better rates selling and buying hashing power. On top of that I find the website a lot more user friendly than Nicehash which can sometimes be confusing to work out or calculate.

Mining rig rentals list the available miners in an easy to follow and cost efficient list making sure you will always get the best deal for you you can see this from the image above. From a sellers perspective I personally like it as I can set my own price for what my miner will sot me to use, so I can make sure that I will always minimum cover my electricity costs.

The other question I had, what will my miner do while its not rented? Well luckily for us they have actually thought about this and you setup your mining pools within Mining Rig rentals so while your miner isn't rented it mines at the pools you set it. Much like you would if you was setting up your miner normally without rentals

Go and check it out here

SuprNova Releases Its Own CCminer For RVN Mining

Raven has been a very successful coin for people switching over their GPU's to, alot of people think it has a bright future being open source and having a busy community already behind it. One of the best mining pools is over at SuprNova and they have just released there own version of CCminer which is the quickest RVN miner so far.

You can head on over to the pool at https://rvn.suprnova.cc
Click the link in the top box taking you to the Github, or just go here https://github.com/ocminer/suprminer/releases

The other nice thing is the start .BAT files are ready to go, all you need to do is right click and edit them with your username for your worker. Nice and easy

Details Of Bitmain Antminer E3

I really thought I had already posted about this as I have been very animated on Facebook and Twitter in regards to this miner. So here is my one line opinion, unless you have free electricity this is definitely not worth the hassle.

First some details, the Antminer E3 from Bitmain is a new ASIC which will mine Ethereum which for a long time has been only mineable from GPU's. It will mine at 180MH/s using 800 Watts which in all honesty I really do not think is enough to make a real good return compared with their other ASICs. By the time you receive your E3 in July the returns are going to be very poor indeed and you will be left with an oversized door stop, not to mention if Ethereum did plan to fork

That's my other issue, why is this miner so damn big? Its like two L3's stuck on top of each other, and then also only 180MH/s? To me that is extremely poor for an ASIC, when GPU's were at normal price I wouldn't have been surprised if you could build a GPU rig to out perform that.

As you can tell I am not impressed by the miner in the slightest, but the way of the crypto world people will buy these as its something "new". Personally I'd rather go and spend $1800 on buying some Bitcoin

I Made A Soundproof Box For My L3+

As promised in my earlier blog post about my L3 here it is in all its glory my home made box for my L3 taking the decibels down from 75 to 45/50ish. It might not sound like huge huge amount but it makes a huge difference in being able to live with it. I made the box big enough to have two side by side and the 4" ducting works well to extract all heat and surprisingly inside the box does not get that hot, the L3 sits at about 57 to 60 degrees.

Excuse the mess, I have taken over the kids play room

Pool Staking With Stake United

One of the best passive incomes in crypto other than masternodes is staking coins, although sometimes it can be very building up enough coins to make staking worthwhile. In comes Stake United, it is a pool which allows everyone to pool their coins together and stake in one big wallet giving returns which are a hell of alot better than anything you could achieve on your own.

Now it does comes with risks as you can imagine but to me no riskier than leaving your coins in an exchange. If you deposit your coins into Stake United and they disappear one day then obviously your coins are lost, so don't depend on them just try them out with a small amount first. Like anything in crypto it is always a risk of losing your coins

Check out Stake United Here