We were taught ever since our first allowance that the growth of wealth is only achievable via gaining more US dollars. Our lives have seemingly all pointed towards this goal. More dollars. Get as many as you can, keep them safe in a bank and make certain they grow in quantity as fast as they can.
A long time ago in a far away land I was learning about this crypto stuff and listening to the Cryptnation weekly VIP meetings. PizzaMind (one of the founders of Cryptnation) found this small cap crypto called BAX. I didn’t know much about it, but it looked promising, so I did my usual throwing of $100 or so at it and held.
The art of botting is something I have looked into over the past 18 months and I wish to share my findings. This isn’t a “get rich quick” scheme. It’s hard and not for the faint of heart. But to those who manage to adapt quicker, they can surf longer on the upward momentum of the massive bull markets.
I’m fascinated with DEFI. I find it’s a world worth exploring before the inevitable crack down occurs.
What’s going to happen in this world when the next generation graduates high school richer than their parents? Will we then move in with them when we can’t afford paying our USD denominated debts down?
For those who don’t yet understand the crypto financial system I must take a moment to carve out the path for Cosmos (ATOM.)
I am not a trader and I have never, nor will I ever give investment advice. I do not want to speculate or over-react to market conditions, I just want to plan a life worth living and I believe the BOTs will assist in that goal.
Traditional CEFI says if you have a need for a loan, you MUST go to a bank and apply and if you want to be a bank you must apply for a bank charter and be approved. It also defines the application process and, in my experience, limits lending to those who need money but allows low cost lending to those who don’t.
I’m attempting to flip my life upside down – similar to the prospectors who flocked to the west during the gold rush, I’m presented with an opportunity to potentially change my life (and that of my family) forever.
My intention for mining ETC wasn’t to make a fortune. It was a proof of concept, a test case.
I’m back from a wonderful trip to Maine – my family and I take this trip each year (except last year) but this year it was kinda special since I paid only about $60 for the whole thing… well kinda… I will explain, but first about the trip.
I use specialized computers that I call “miners” to calculate, confirm, approve, and record transactions in a coin’s ledger in exchange for a reward payable in the coin I mine. Mining rigs are measured in funny words like “hashes” or “sols” but this measure is basically a full cycle through the mining process.
I now have a datacenter with brand new internet which has a properly configured home built professionally supported firewall. This setup has custom open source software installed which has been properly tested by a professional open-source management company.
A quick update on mining, the datacenter, bots, and a few other happenings over the past two weeks.
My miner is hung and making crypto, time to turn back to the list: bots. I believe it’s a relatively safe investment to open a quoteless bot. I have taken a full year to test this thesis and in most all cases it has proven to be true. I go into this in greater detail here, but no matter the strategy I need to build a proper process to maximize the gains.
I got an electrician into my crypto mining den and began working on the finishing touches of the organization infrastructure elements.
Now that the structural parts of my datacenter are in place, it is time to solve the problem of electricity and internet because you can’t mine crypto without either.