Archive for the ‘General Info’ Category

Cryptotrader with New Lower Prices for Automated Trading

6, May 2014

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The Cryptotrader cloud based online algorithmic trading platform for Bitcoin and other crypto currency trading has updated their pricing plans making it more affordable to actually start trading live using the platform. The Basic plan that was previously available for $8 USD is now gone as it did not allow for actual live trading and the Basic+ plan that was available for $24 USD per month that actually allowed you to have 1 live trading bot is now available for $10 USD a month. So if you want to test the service you can signup for the basic free functionality and then if you decide to start trading live you can do so now with just $10 USD per month and not $24 USD as it was previously. The Pro and VIP plans that allow for more simultaneously running trading bots are also slightly cheaper respectively with $5 and $10 USD lower than previously.

Do note however that this platform is intended mostly for more advanced users that are willing to program their own automated trading bot. There are also many automated trading strategies available for free that you can try and further adapt as well as a Strategy trading market where you can essentially rent a more professional bot. The problem with the strategy market is that the prices of most strategies that you pay for on a monthly basis are quite high, making them not worth renting just for testing or for trading with small amounts of crypto currencies as in the end you would want to make profit from all of this.

– For more information and to try out the Cryptotrader automated trading service yourself…

BitMain Now Shipping Batch 3 of their AntMiner S2 1 THS SHA-256 ASIC Miners

28, Apr 2014

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The Chinese company BitMain has started shipping the third batch of their AntMiner S2 SHA-256 ASIC miners with a hasrate of 1 Terahash for mining Bitcoin. The new batch of S2 miners is priced at $3199 USD (7.387 BTC), the company has started shipping the first two batches of their new Terahash Bitcoin ASIC miners at the start of this month, but the problem is that even at the current price putting the numbers inside a calculator does not give out promising results. With the current exchange rate of Bitcoin you are not going to be able to even get a return of the investment in the hardware you have made. You would need an exchange rate of about $650 USD in order to be able to break even by the end of this year and this everything going on lately things are a bit uncertain. Thus investing in Bitcoin ASIC devices may not be the best choice at this particular moment, especially if you are going to be paying with BTC for them. And with the current market situation investing in Scrypt ASIC miners does seem riskier as well, so people are already very careful in what they put their money into.

Gridseed ASIC Miner Photo Contest Winner for Week 3

22, Apr 2014

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Week 3 of the photo contest we have organized together with our partners GAWMiners has ended and we have selected the third week’s winner. The theme of the photo contest this time was Most Innovative Way to Mine and you can see the photos of the best submission we have received, the ones that have won a 5-chip Gridseed ASIC miner to the owner of this clever modification.

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And the person who won the third week award is Emanuel Fertig who has submitted photos of his interesting modification for a Gridseed ASIC miner, the project is still a bit rough, but can be polished more in order to become a nicer looking complete solution. The winner will shortly be contacted by GAWMiners to arrange the delivery of the reward.

Here is how he has described his modification to make the Gridseed solar powered and WiFi accessible: “My autark solar powered Mining Project Internet connection via WIFI module Raspberry with HasHra Image Gridseed Miner with Fan Switch Mod (Fan of Mode) Step down Module for Power Regulation (12V for Gridseed) Completely Portable in Range of a Wifi Hotspot.”

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If you were not the winner this week, don’t worry, you will still have one more chance to win by the end of this month, so get ready to participate in the photo contest with the new theme for the last week – Covert Mining – Operation CAMO. Time to show some really creative ideas and another chance to win a 5-chip Gridseed ASIC miner. You have until the next Monday to submit your ideas along with photos for a chance to win, and don’t miss this chance as it will be the last one you will have to participate in our photo contest.

– Send your week 4 photo contest entries here in order to get a chance to win a Gridseed ASIC miner…


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