Upgraded My Miner

Ordered some more USB ASIC Miners. I'm right around 3.6 Gigahash now. With the current exchange rate I'm producing about $4 in Bitcoins per day.

Still not enough to get rich with or even enough to really feel it's a business, but some exra money is a good thing.

Peer to Peer Bitcoin Lending

Found BTCjam, a site that does Peer to Peer Bitcoin lending. I've made some micro-loans already and have posted some minor loans to show activity and posted a loan to pay off and upgrade my Bitcoin Miner.

More info on BTCjam can be found on Facebook, Linkedin, and Twitter.

My First Bitcoin Miner

Started a Bitcoin miner about a week ago. Had a old laptop and figured I'd try to make some cash with it.

Knowing that a graphics card in a laptop isn't robust enough, I started searching for a way around this issue and discovered ASIC miners, thanks to the Mining hardware comparison page on the Bitcoin Wiki.

Wanting to start small I went with 2 Block Erupter Sapphire made by ASICMINER. These are currently available at the BTCGuild store for 0.6 BTC however, I paid to much for my first one via Amazon. I also ordered an ARTIC Breeze USB Fan and a Satechi 12 Port USB Hub. In retrospect,the choice of USB hubs may also be in error, being that the Block Erupter draws 2.55 Watts and the hub is only powered at 10 Watts. This tells me the hub can't support over 4 Block Erupters, but time will tell.

I'm currently running 2 ASIC Block Erupters and over the week, I've been producing .0009 Bitcoins a day. Not enough to get rich, but comes out to about $30 a month and pays just a hair over half of my Internet bill.

For my mining pool, I'm currently using BitMinter.