So if anyone is wondering why Bitcoin has been going crazy here’s why…
Soon you’ll be able to buy the company that helps you buy Bitcoin.
Coinbase, the largest cryptocurrency exchange in the U.S., has announced plans to go public on April 14 with the ticker COIN—but it will eschew the traditional initial public offering (IPO) process of hiring investment banks to drum up interest and finance the deal.
Instead, Coinbase plans to post its shares straight on the Nasdaq stock exchange via a so-called direct listing, a technique pioneered by big names like Spotify (SPOT) and Palantir (PLTR) in recent years.
“Bitcoin’s rally today is likely driven by the commotion around the Coinbase listing,” said Ben Caselin, head of strategy at cryptocurrency options exchange AAX.
“However, after consolidating around the $55,000 level for over a month, bitcoin’s upswing has also been a long time coming.”
In recent months, adoption by a growing number of big players has added legitimacy to bitcoin and the crypto world and helped drive the price higher.
Tesla, BNY Mellon, Mastercard, BlackRock and JPMorgan are just some of the companies that are getting involved in cryptocurrencies one way or another.
So i started mining on Ethermine.org
-Download Phoenix miner ( yes i know there is alot of drama going on with Phoenix Miner atm but i havent had any issues thus far)
Phoenix Miner Download
(ONLY DOWNLOAD PHOENIX MINER FROM THE OPS MAIN GITHUB LINK)
-So i went and made a ETH wallet with Guarda on my phone. Its on the play store or app store. It will work for a bunch of different coins. Grab the ETH wallet address from Guarda .
-Once you get phoenix miner downloaded. Unzip into a folder right click on the start_miner.bat right click and edit
You will see some shit like this
REM Example bat file for starting PhoenixMiner.exe to mine ETH
setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
REM IMPORTANT: Replace the ETH address with your own ETH wallet address in the -wal option (Rig001 is the name of the rig)
PhoenixMiner.exe -pool us-east.ethash-hub.miningpoolhub.com:20535 -wal s7icky.1 -pass x -proto 1
-All you really need to edit is the -wal 0x584179d0595717A0Dd08204f25d0fB93c274eE1A and -worker s7icky.1
the -wal is the eth wallet address guarda gave you. and then -worker is just so you can name different rigs.
Then once you get your start_miner.bat edited… Just double click and you should see it fire up and look something like this.
There is a lot more involved in getting the most out of your GPU’s I will go into more detail in a later post. You can check the README in the file you unzipped for more info. Or just wait till i write about it. 🙂