Why I’m Mining Ravencoin
And the state of crypto mining.
I mine crypto to stack Bitcoin.
That’s my goal — ultimately earning more BTC by converting the mining rewards from my GPU mining rig.
In 2020, I built an Ethereum mining rig. I got the rig up and running right before the cryptocurrency bull market. Soon after, there was a graphics cards shortage and any available or secondhand rig parts were overpriced.
While I was able to add cards to my rig in late 2020, I waited until August 2021 to add another. I was able to get one GPU at a Micro Center for MSRP. The supply chains seem to be catching up but products are still limited — the Micro Center limited customers to one GPU per person.
The Ethereum London upgrade went into effect and miners and mining pools are feeling its impact.
I started my GPU crypto mining journey on Ethereum.
I bought ETH first in 2016 and a large part of my cryptocurrency portfolio is due to those early ETH purchases. Those, along with the Bitcoin I bought in 2015, are responsible for the bulk of my current holdings.
