September 2024

There have been plenty of changes to the Proof of Work (PoW) landscape, and there are still a bunch of interesting mineable projects across the web.

There are also a lot of strategies when it comes to crypto mining but ours is simple. We believe in crypto in the long run, that is why we are miners. In some future, near or far, crypto will play a bigger part in our lives. That is because it is a technology that runs without prejudice, rain or shine, it will keep working.

We mine with the intention of acquiring cryptocurrency. Any and all expenses along the way are never paid with the coins generated through mining. Coins mined are either held or transferred to other coins that are un-mineable.

For us, the day to day value of the coins is irrelevant. The long term value is the appeal, along with the business expenses along the way that can be used to minimize taxes on long term capital gains.

We are mining a variety of coins, here are some examples below;

Ethereum Classic (ETC)

In 2016, ETC forked off of the original Ethereum chain after a hack occurred. With 3.6 million ETH stolen after a small loophole in The DAO smart contract was exploited, the Ethereum community was split. The main Ethereum fork undid the transfers, effectively canceling out the immutable state of the blockchain. Ether purists believed that the system should remain as it did, true to the code. And with that, Ethereum Classic was forked, maintaining the hack and theft on the record.

Radiant (RXD)

This is a new project that combines some of the best of Bitcoin and Ethereum for better performance. Bitcoin uses a system called UTXO (unspent transaction outputs) to hold wallet balances. Ethereum runs the Ethereum Virtual Machine which holds a current chain state. Radiant combines the two technologies to run transactions faster while providing stronger control of coins and larger data blocks.

BLOCX. (BLOCX)

Standing out from other cryptocurrencies, BLOCX integrates multiple solutions into a single, cohesive ecosystem. It addresses not only financial transactions but also system optimization, cybersecurity, and decentralized storage.  Unlike many cryptocurrencies that focus solely on financial transactions or smart contracts, BLOCX combines cybersecurity, decentralized cloud storage, system performance optimization, and remote access into one ecosystem. This makes it more of a comprehensive digital management tool​.

Raptoreum (RTM)

In the spirit of decentralization, Raptoreum started with the original aim of allowing transfers on the Ravencoin codebase instead of within a centralized exchange. They have since evolved from Ravencoin, but are aiming to be part of the transition of mass adoption to crypto, also allowing for anything to be tokenized and transfered on chain.

Kaspa (KAS)

Traditional blockchain technology uses block height as part of its organization. Most chains only allow one block on each level, others allow uncle blocks to attach to the main chain. This incremental structure can cause delays in transactions, as multiple blocks are submitted by miners at the same time. Kaspa allows multiple blocks on each level, facilitating instant transfers.

Monero (XMR)

Attempting to add a layer of privacy to blockchain technology, Monero disguises the sending and receiving addresses along with the transaction amount. It operates with an egalitarian focus, aiming to set a level playing field. As an open source coin, Monero has the third largest developer community, behind only Bitcoin and Ethereum. Born in 2014 from an idea in a white paper named CryptoNote, Monero was built by several members of the bitcointalk.org forum.

Flux (FLUX)

Acting like a Web3 version of AWS or Google Cloud, Flux is a cloud-based decentralized computational network. Launched in 2018, as a fork of ZCash, which itself forked from Bitcoin, the platform provides Web3 apps computing power for operating. It aims to become carbon neutral and offset the wasteful power of giant data centers.

Crypto is still volatile, but with countries around the world getting close to rolling out their own Central Bank Digital Currencies (CBDC), it is safe to say that our money is going more digital every day. Which coins stand the test of time is still to be determined.

Remember, never invest more than you can afford to lose, with great possibilities come great risks as well. Do your own research always.