Let’s face it. Swapping cryptocurrencies is a pain. Especially for a crypto noob. In fact, one of the most common questions we get from those new to cryptocurrencies is ‘how can I easily convert coin X to coin Y?’ If you’re dealing in common cryptos like Bitcoin or Litecoin, this can be achieved easily via an exchange that trades in both. But as traders begin to explore the world of altcoins, this can become more of a challenge. Until you discover ShapeShift.io
For those who have been following the Crypto Noob Mining Club’s journey to production, we’re finally here! The miners are up and running and we’ve just completed our testing phase. Here’s what we’ve learned
Energy consumption is one of the biggest critiques of cryptocurrency and blockchain asset mining worldwide. According to the Bitcoin Energy Consumption Index, Bitcoin mining alone consumes more energy than Denmark, Belarus and Bulgaria do as individual countries. Some blockchain networks, like Ethereum, are moving away from mining as the mechanism for verifying asset transactions, but the Crypto Noobs are taking a different approach …
As we recently announced in our last club update we’ve purchased our first GPU-powered miners, which we plan on using for speculative mining. Our goal is to leverage speculative mining to diversify our mining pool and reduce overall risk. Here are some Altcoins that we will be researching in Q1 2018.
This week we finally received our first shipment of ASIC-based miners, the FutureBit Moonlander 2: The Most Powerful and Efficient USB Stick Miner on the planet! These are the devices that our club will use to mine Litecoin (LTC)