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Crypto currency mining to rise in 2018

Trends help analyse any given sample of data. Using trends of the last few years, we can analyse the crypto currency market in 2018. This will help us decide what the future of currencies are in 2018, and what you should mine. Let’s see the predictions one by one


Bitcoin’s market share in the crypto currency economy just dipped below 33 percent for the first time in history. 2018 is looking like it’s going to be the “Year of the Altcoins.” Ethereum is now contesting with Litecoin for the title of the top “altcoin” this year. We’ve already seen the ether price surge early on, and this might be par for the course for what’s to come. Ether co-founder is extremely bullish about his currency. He believes this might be the year where Ether flips Bitcoin to become the most mined and most valuable currency. If you’re going to mine something, get a GPU and mine for Ethereum


Originally, the dominant Bitcoin price prediction was that Bitcoin would reach the $14,000 mark by mid-2018. Optimists are hoping that Bitcoin will break through the $100,000 barrier within the next year now. In fact, some people, including CNBC’s Jim Cramer, predict that Bitcoin will go as far as shatter the million dollar threshold one day.

As far-fetched as these forecasts may seem when you first hear them, they aren’t completely impossible. Seeing as Bitcoin’s price has been doing the impossible for the past few months, anything can happen.

Additionally, upon taking a closer look, you will come to realize that these optimistic Bitcoin price predictions for 2018 may have some ground. For one thing, the growth of the amount of daily transactions using Bitcoin has grown 100 times faster than the price of the currency. Considering the value has increased by about 20 times over the past year, the amount of trades have increased about 2000 times. This means that the current price hike might be just the start.

While Bitcoin mining is now harder than at any point, mining pools means that it is still possible. A profit is there to be made, it just needs to be done with more effort now


Litecoin will likely remains stable among this turmoil. With more people switching to Ethereum, and Bitcoins being the most popular crypto currency, there is no real chance of a great hike. However, mining Litecoins might be easier in the next year than Ether and Bitcoin because of the reduced interest. If people do return to Litecoins in the future, this could be a great investment


Mining is here to stay and is as bright as ever. There’s no need to panic about the future of Crypto Currency, as it looks as bright as it ever has. 2018 might be the year where mining and its profit rises faster than in any preceding year.

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Can you profit off Bitcoin Mining in 2018?

Lots of people are asking the question, “Is Bitcoin Mining Profitable in 2018?“ The answer is a complex one, because it depends on various factors. If you wonder whether it can be profitable, the answer is yes. However, it requires careful research, painstaking investment, and a great amount of effort. Let’s look into a few latest processors and check how profitable they are in 2018

Antminer S9

Let’s take a look at a the Antminer S9 mining rig. We previously looked at this ASIC mining rig.  It has a mining rate of 14 TH/s, and 1372W in power. As we previously saw, with this processing rate, you will be looking at mining around Ƀ 0.001070 per day. This would be around 120.47 South African Rand per day, at current exchange rates. The power cost for this would be around 32.91 Rand per day, and could be even lower, depending on your tariff.

This would net you around 2632 Rand per month. In an year, you’re looking at a profit of 31,584, once you factor in the electricity payments you would have to make. If you get a cheap Antminer at around 43000 Rand, you’d break even in around 16 months, which is about a little more than an year.

However, with the value of Bitcoin rising 20 times in the past year, you’re looking at closer to 6 months, rather than 18 months


You can use these to mine Ethereum. This is slightly different from Bitcoin Mining.  The hashrate of these cards, when tested by our team, came out to about 20 MegaHash/s, and each card only took about 75W. If you use a rig consisting of eight of these, then the total Hashrate will be around 160 MegaHash/s for only 600W.

We calculated that we will have mined 0.01189 Ethereum per day and 0.3567 ethereum per month. That comes up to around 2900 Rand per month. The cost of the power to run this is around 400 Rand per month.

So we are left with a net profit of around 2500 Rand per month. If we add a few extra cards, we can easily increase our profit margin even more

Again, with Ethereum, rising in value, this is an excellent profit


Mining Altcoins in an alternative to mining Bitcoin in 2018. Today there are hundreds of Altcoins available on the market and some of them are still real easy to mine. The problem is that because there are so many Altcoins it’s hard to tell which ones are worth investing your time in. Some good examples for Altcoins are Litecoin, Dogecoin and Peercoin.


Bitcoin Mining is still profitable in 2018 in South Africa, and will continue to be. If you have money to invest, then the future of Crypto Currency is bright.

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Trading Crypto Currency you mined in 2018

Once you’ve mined your Crypto Currency, you can either hold on it in the same form it is in. Or you could exchange it for a newer currency. Here is a strategy that will help you trade whatever you mine. This will help increase your profit.


Before you develop your investing strategy, you need to learn how to evaluate a given Coin.

When buying cryptocurrencies, specifically altcoins, it is important to know a few details about them. A major thing to note when deciding whether to buy a coin, are it’s functional use cases. Most coins will have a mission statement on their homepage. By understanding what purpose a coin serves in the real world, we will have a better idea of how to evaluate it further. For example,  Litecoin has the same goal as Bitcoin. In this case, it would be a good idea to compare its market capitalization with Bitcoin.

If you notice a large shift in market cap on a certain date, it may be worth it to check for any news that day to see what may have caused it. This can be extremely useful as positive and negative press can really affect Crypto Currency.

On the other hand, some coins serve a very unique function in the real world. For example, Power Ledger is a fairly new and interesting cryptocurrency. The goal of this project is to provide a system for consumers to trade electricity with one another. If you believe in this idea and the technology around it, invest in it. If you feel it’s a far fetched idea, avoid it. The second thing you can do is read news surrounding the project. All of that information, along with a look at the coin’s market cap, is going to ultimately determine whether you think the technology might reach mainstream adoption, thus making an investment worth your while.

Different Exchanges

After some time using exchanges to buy and sell currency that you’ve mined, you’ll notice something huge. You will  notice that the price of a crypto currency is often not the exact same on each exchange. That means, you can buy a crypto currency on one exchange for a cheap rate, and sell it on another for a higher rate.  This is called Arbitage.

You need to be careful here though. It needs to be as close to real-time as possible. This is possibly one of the hardest things to get right, and also the most underestimated aspect of arbitrage in crypto currency. The markets, compared to ForEx trading, are ridiculously slow – at busy exchanges, there may be a couple of dozen trades executed. The difference of a few seconds can be the difference between a profit and a loss


In 2018, you need to not only mine Coins, but also trade them to maximise your profit and increase your own holdings. With this guide, you are well on your way to learning to do so

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Mining or Trading in 2018?

In 2018, the major decision that many people will have to make is whether to mine Bitcoins or to trade them. Both mining and trading have their advantages and disadvantages, and we’ve already covered them in an article. However, this article is about just one thing. In this year, which of the two will be the best route to success?


Let’s recap what mining really is. Mining is a process of validating cryptocurrency transactions. This creates new currency that is added to the record, and this is what creates the wealth you later own


Trading is buying one currency, then switching to another at the right time to get maximum profit.

Pros and Cons of Each

To be a miner, one must have a mining rig. This is a  GPU set-up that is powerful enough to solve blocks using a mining software. To solve a block, several miners work together have to crack hash values and the first one to do so would get coins as reward. This means that mining requires a starting investment and also requires a lot of patience and hard work.

Trading is performed on an online exchange site where other traders purchase coins of their interest. You will want to buy coins that will rise in value. However,  the more favored a token gets, the more it is susceptible to market vulnerability.

Mining versus Trading

Mining is proven to be best when investing in long-term. The average mining rig costs around 40000 Rand and can generate a few thousand Rand a month, depending on which network it is mining from. In most cases, miners will gather up with their mining rigs to do pool mining. This is where they combine their computing power to solve blocks. Miners are then rewarded based on what they have agreed upon. This means that the rewards are distributed but they are also gained a lot, lot faster.

On the flip-side, trading is much more cheaper. Opening a crypto wallet won’t be as difficult and as expensive as building a mining rig. There is also more support material and help dedicated to crypto trading. Joining online communities on Bitcointalk, Reddit, and Cryptocurrencytalk can help teach someone who likes to start trading. Nevertheless, investing in cryptocurrency through trading would require a lot of guts. Cryptocoin prices fluctuate like crazy, making it very difficult to predict, so timing is very crucial in this one.


The issue comes down to knowledge. Even the most seasoned traders can not always accurately predict the rise and fall of a currency. In mining, you rely on creation of new coins for your wealth, and the steady increase in value of the currency is just an added bonus. In trading, you can lose a lot just by buying the wrong currency.

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AMD’s Radeon RX Vega for Mining

We’ve been looking at different GPU’s for mining Crypto Currencies. Now we’ll look at the AMD Radeon RX Vega, recently released, and extremely good for mining. It is not easily available in South Africa, however, it can be ordered online from different stores.


  • Shatter the limitations of traditional GPU memory for more intense visual capabilities.
  • IP5X-Certified Fans for dust resistant and longer fan lifespan.


This AMD Radeon is not an ASIC. It is a GPU. This means that not only can it mine Bitcoins, Ethereum and Altcoins. This means we will be able to mine any currency we want, including newer ones like Ethereum that are rising in value much more quicker than Bitcoins. After all, the greatest profit is to be made of Altcoins, not already established giants such as Bitcoins.

The dual bearing fans mean that this GPU is better secured against the hazards of heat and dust. It is resistant to heat

The price of this GPU is a bit on the high side, and it is hard to acquire in South Africa.

Potential Profit

The hashrate of these cards, when tested by our team, came out to about 30 MegaHash/s, and each card only took about 130W. If you use a rig consisting of eight of these, then the total Hashrate will be around 240 MegaHash/s for only 1040W.

So let’s assume we turn on our mining operation and leave it on for a month. We will have mined 0.01813 Ethereum per day and 0.5438 ethereum per month. That comes up to around 4,450 Rand per month. The cost of the power to run this is around 450 Rand per month.

So we are left with a net profit of around 4000 Rand per month. If we add a few extra cards, we can easily increase our profit margin even more

When you consider that the lifetime of the processor is double that of other GPU’s, and the power consumption is much lower, it seems like a good deal, despite the price.


The Antminer is the perfect card for mining Bitcoins. It seems the NVIDIA  P-106 is the card of choice to mine Altcoins. This is the GPU you should get if you have experience of mining, and have a lot of money. High Hash Rate, and a greater durability, combined with a very high starting investment means this is only for those who know what they’re doing.

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Crypto Currency success stories

We’ve talked about Mining and how money can be made of it. Now let’s talk about those who have already earned success. Today, we’ll bring you the stories of miners from South Africa who’ve made their money out of Ether.

Miners from Pools

We’ve looked a few miners from Pools. Pools are a group of miners who work together to earn money. Estimated earnings per day are calculated based on average block time, average difficulty, difficulty change tendency, and the average hash rate of the miner. We entered this into our crypto Currency calculator to find out the earnings.

Earnings are shown in Ethereum per day, which were converted to rand using the price of Ethereum.

The hash rates, pools, number of workers, and estimated earnings per day of the top miners are shown below.

Pool NanoPool

This particular person contributed  a combined Hash rate of 239.0GH/s to this pool to mine Ethereum. That’s a ridiculously high Hash Rate. The estimated earnings per day of this miner would be around R156,841. We got this data from his own wallet information.

Another person has contributed  a combined Hash rate of 233.8GH/s to this pool to mine Ethereum. That’s a great Hash Rate. The estimated earnings per day of this miner would be around R155,266. We got this data from his own wallet information.

Pool Ethermine

This particular person contributed  a combined Hash rate of 154.3GH/s to this pool to mine Ethereum. That’s a ridiculously high Hash Rate, especially if you consider it comes from only 8 worker systems. The estimated earnings per day of this miner would be around R95,357We got this data from his own wallet information.

Another person has contributed  a combined Hash rate of 113 GH/s to this pool to mine Ethereum. He’s earned around 82,000 Rand

Individual Miners

Here’s one person’s report of how he earns around 50,000 Rand every month from Crypto Currency.

Mr. Gareth says:

This year I decided to initially buy a Baikal 1.2 Gh Dash mine (price is now $2 200 but it previously cost $5 800). Cryptocurrency Dash was at $94 and the Rand exchange rate $13. Dash hit $300 in the last week so my 6 month projected Return on Investment (RoI) is now considerably shorter. At 300 watts the electricity is less than R300 pm for this Baikal processor. In a world where a share with a PE of 14 and dividend yield of 4% is good this RoI seems too good to be true. Last week I also took delivery of 5 Antminer L3+ mines. Again the projected payouts are beating projections and these should earn me $3,780 this month (R50,000). My costs are R5,250 pm. I’m earning in $ and paying costs in Rands.


Crypto Currency is still a very profitable venture and people should look to invest in it. There’s still time to make money mining, and to get into this currency.

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Litecoin Mining with NVIDIA P-106

We’ve been looking at different GPU’s for mining Crypto Currencies. Today, we’ll look at the NVIDIA P-106 GPU for mining Litecoin.


The hashrate of these cards, when tested by our team, came out to about 20 MegaHash/s, and each card only took about 75W. If you use a rig consisting of eight of these, then the total Hashrate will be around 160 MegaHash/s for only 600W.

The price of this GPU is also very cheap. You can get a complete rig, consisting of 8 of these for  R55,574.

Why Litecoin?

Litecoins have quicker transaction times, and lower transaction fees. For this reason, you should invest in mining Litecoins


So let’s assume we turn on our mining operation and leave it on for a month. We will have mined 0.01334 Litecoins per day and 0.4002 Litecoins per month. That comes up to around 800 Rand per month. The cost of the power to run this is around 400 Rand per month.

So we are left with a net profit of around 400 Rand per month. If we add a few extra cards, we can easily increase our profit margin even more

When you consider that the lifetime of the NVIDIA processor is double that of other GPU’s because of its fan, this is an excellent deal. With the value of Litecoins expected to increase around 10 times in 2018, that means you’ll net 48,000 Rand in one year.

That means you can pay off the value of the GPU in just over an year

Litecoins or Ethereum?

Our previous article calculated the profitability of Ethereum via the same GPU. Quoting from it:

So let’s assume we turn on our mining operation and leave it on for a month. We will have mined 0.01189 Ethereum per day and 0.3567 ethereum per month. That comes up to around 2900 Rand per month. The cost of the power to run this is around 400 Rand per month.

So we are left with a net profit of around 2500 Rand per month. If we add a few extra cards, we can easily increase our profit margin even more

This shows that we should mine Ether, and note Litecoins, using this GPU. Ether can later be traded for Litecoins, depending on the growth of the currency.


It would be best to mine Ether with this GPU. However, Litecoins will still be extremely profitable, and it can be done via the same GPU. However, why would you leave potential profit?

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2018 could be the best year yet for Crypto Currencies

2018 could be the year of the Crypto Currencies. Let’s see a few reasons why Crypto Currency is expected to rise in value in 2018.

1. The work on scaling issues

Bitcoin is the most important cryptocurrency. It stands at about 40 percent of the market.

Some claim a 150 percent potential upside in bitcoin for 2018.


It has the biggest user base and the biggest industry. It still faces a challenge in scaling up for wider use. Bitcoin now can’t handle more than twelve transactions a second. Credit cards involve thousands of transactions per second, so the criticism about bitcoin’s ability to be useful at larger scales is understandable. The scalability challenge results in high fees as well.

There is a solution emerging, however. The so-called second-layer peer-to-peer off-chain networks allows for transactions off the blockchain, thereby decreasing the transaction costs almost to zero and increasing the speed and scalability almost infinitely.

In other words, second-layer networks solve the problems bitcoin faces, scalability and high transaction fees.

There are also other second-layer projects like Rootstock that would allow computations similar to those of ethereum to be done through bitcoin.

Exciting projects such as those could cause a significant spike in Bitcoins. I would dare say in the realm of 60 to 70 percent with the potential upside of 100 percent — and maybe even more.

2. Large scale and more legitimate Initial Coin Offerings

Initial coin offerings (ICO’s) are a crowd funding technique. This will impact the ethereum network. That will increase the demand for the platform’s Ether. More legitimate ICO’s will lead to greater interest in ether as we are already seeing with the billion-dollar ICO of messaging app provider Telegram and that of Kodak.

That means we could see a rise in the market cap of ethereum to $200 billion by the end of the year.

3. Regulation

Increased Regulation will lead to increased trust in Crypto Currency. The market will gain more trust as it becomes more regulated.

4. Start-ups

There are several start-ups in the world today, that offer debit cards to help people spend their cryptocurrency holdingsAs more people research crypto currency, the number of users and merchants is set to increase sharply in 2018.

5. Institutional investors

This will be the first year of solid institutional money flowing into the ecosystem. Because Crypto Currencies have become more popular more and more investors will help the currency.


To sum up, the likelihood of all five factors happening is unlikely. However, if even some of them happen, it would be a huge change to the Crypto Currency game.

If you combine those factors, the market’s upside potential could rise to up to seven or eight times the present levels.


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The Rise of Ethereum in 2018

Ethereum will rise in value to $2500 per ether by the end of 2018. By the end of 2019, it is expected that Ethereum would be somewhere around $ 14,000. Similarly, by the end of the year 2020, it is assumed that Ethereum would be around $ 31,000.

When you look at those raw figures you realise the potential of Etereum mining in 2018

Predictions for Ethereum

Here are a few predictions by Nerayoff, who created Bitcoins.

” Businesses in a wide variety of industries are starting to take note of what value Ether’s protocol could offer them.”

Nerayoff has said that the speed of transactions using Ether are why it has become so popular. He maintains increasing interest in crypto currency will increase the value for Ethereum in 2018. It might even overtake the more popular Bitcoin.

“What you’re seeing with Ether is quick increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year,”

Bitcoin was designed to function as a peer to peer electronic payment system. Ether was designed for smart contracts that execute when specific conditions are met. Nerayoff helped craft token sales for the ethereum project. He now says  businesses are starting to take note of what value Ethereum’s protocol could offer them.

“You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you’re seeing it becoming increasingly more creative. You find projects in the oil and gas industry. You’re finding government using it in their applications. You’re seeing it in gaming, all kinds of different areas,” Nerayoff said.

Reasons for Increase

Nerayoff’s predictions are very positive. There are quite a few reasons for his optimism. After all, Ether is the fastest growing Crypto Currency. Reasons why Ether can still increase in value are:-

  • Increasing application uses.
  • More companies adopting decentralized cloud-based applications.
  • The increase in use of smart contracts.

This is why Ether is increasing in popularity. As more companies switch to Ether, the value of it will increase. With the world moving forwards, Ether will continue rising rapidly.

Ethereum will become the second most popular currency in 2018. It will overtake Litecoin easily. It might even overtake Bitcoins by 2020.

Therefore, you must look to invest in Ether. It has great application, and it also has great appreciation.

Conclusion on Ethereum

Ether will continue in value in 2018. Ether must be mined because it will continue to rise in value. As it rises, so too does your own cash.


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Guide to Bitcoin Mining in South Africa

Bitcoin mining is not only a way of earning money. What most people don’t realise, is that Bitcoin miners play a pivotal role in fueling the whole Bitcoin currency, keeping it secure and operating. The calculations are so intense that miners use specialized computers that run hot enough to keep homes or even office buildings warm through the winter.

When Bitcoin was first invented it was easy for users to merely operate from their home computers to mine a few Bitcoins daily. Now that it has grown in popularity, it’s become a means to profit, especially if you live in South Africa

Let’s break down how to set up to mine Bitcoins into a few steps


You need to buy some ASIC’s or GPU’s here. Realistically, you only start making a real profit after you have broken even. You still need to calculate whether you’re making a profit every month, however.

It is not possible to accurately calculate your profit upfront. You can still get a rough idea if the GPU you’ve chosen is correct or not/ The first 6 months for most miners run smoothly and their profits look fantastic.

Most computer hardware comes with a short warranty. It’s important to factor in the additional expenses for maintenance and spare parts. However, there’s another issue to fix:-

Bitcoin Difficulty Level

You calculate the time you need to mine coins via your hashrate. However, after some time, bitcoin difficulty increases. Thus more Hash is needed to solve the problem. So, in essence, the ‘Bitcoin Difficulty’ factor is constantly being adjusted to make it harder to mine bitcoins, which in turn decreases your profitability rate.


Once you’ve worked out that you can afford the hardware start-up costs and monthly expenses, you want to get mining already. Before you do, you need to have a safe place to store the bitcoins you collect. This is a Bitcoin Wallet.

There are 2 types of wallets:

You can choose to download a wallet for your computer or one for your phone. This option allows you to control your bitcoins completely.

A third-party hosted web wallet. For this option, you need to trust over your bitcoins to someone else.


A mining pool is a great idea for beginners to join because they get to work with professional, established miners. This will help them learn the skills of the trade.


Now that you’ve decided what to buy and what to get, you need to get a good GPU and computer.  Luckily, you can get some on this site itself


Start Bitcoin mining, and be on your way to making a profit!