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Posts Tagged ‘servers’
Blog, Startups - Monday, April 8, 2013 17:37 - 8 Comments
Can man survive off Bitcoin mining alone?
blog Over the years we have come to be huge fans of MacTalk founder and all-round good guy Anthony Agius, who’s always up to one interesting project or another. In April 2010 it was flying to the US to buy 19 iPads in one massive haul when the Apple tablet was first released, in August 2012 it was setting up his house perfectly for his imminent NBN connection, and in December it was using the new 802.11ac standard to wire up his garage datacentre. Agius just has a penchant for doing interesting stuff. Hell, we even handed over control of Delimiter to him at one point, which turned out pretty well.
Agius’ newest venture is attempting to ascertain whether he can make enough money from mining the Bitcoin virtual currency to keep himself in new servers and fast broadband in the style to which he has become accustomed. He writes on his blog:
“Bitcoin is in the news again, so I thought I’d revisit if investing in some Bitcoin mining boxes is worth it. I investigated this a few months ago and came to the conclusion that unless your electricity is free, it’s not worth the time. But the price of Bitcoins has increased significantly since then, so I’m looking into it again … So this blog post isn’t really about Bitcoin, but rather, how I can make money off Bitcoin, because I don’t like working for the man. Plus, I kinda like the idea of a bunch of computers in my house, doing stuff. That’s always been cool to me!”
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