Thursday Mining Update 2

April 25, 2019 // by Jesse Crypto Backer // , , // No comments

Update: Unfortunately, I don't have an internet connection at my house in the country until my new provider comes to install it. I've resorted to using a tether through my cell phone for the time being. Bandwidth is low, latency is high and I have a data cap. So, until then, the blog updates will be sparingly and no YouTube video updates. Stocks markets have been doing well in some sectors. No spotlight on Cannabis stocks lately, I think I may...

Thursday Mining update

April 18, 2019 // by Jesse Crypto Backer // , , // 2 comments

Still having a little fun mining cryptocurrencies with Nicehash. The speed for the CPU is pretty normal, but not many people have gotten a RX570 to mine Ethereum at this speed, let alone dual mine Keccak. While the power draw is enormous, this was only for approximately 5 minutes at these rates. Another plus, for me right now, is how this actually helps heat the house. The furnace actually runs less often and I don't have to use any space heaters. Here's...

First Payout from Mining

April 14, 2019 // by Jesse Crypto Backer // , , // No comments

Took about a total of 72 hours to earn or "mine" my first payout of 2019 on the Nicehash service. At current bitcoin prices, I personally believe mining for profit has returned. This balance will be going into a Bitcoin "savings" account where I will earn a daily compounded interest on the balance. Check out Nicehash Here - Keep in mind you'll need recent computer hardware to mine. Check out FreeBitcoin Here - This site is also...

Overall markets and conditions

April 12, 2019 // by Jesse Crypto Backer // , , , // No comments

It's still impossible to tell the future. I thought AMD was going to keep gaining until $30 and then level off again early this week. I lost $46 total on these options, but everything is a learning experience. I'm fairly certain if I had allocated more time to research charts and news I would've done a different strategy. Regarding cryptocurrencies, the recent spike in prices has sparked interest in mining again. Coincidentally, I restarted...

Great Performance for Low Cost

April 10, 2019 // by Jesse Crypto Backer // , , // No comments

In this video I show the performance of this under valued card. This also allowed my to sell my still overpriced Nvidia GTX 1070 card I got with my new computer. It makes just under $0.05 less per day mining cryptocurrencies and I didn't lose much for framerates in my games either. I bought the RX570 for $90 and sold my GTX 1070 for $200. Not a bad trade off while I save for the upcoming Ryzen CPUs and Navi GPUs...

Acorns debit card and spend account - all the perks!

April 03, 2019 // by Jesse Crypto Backer // 5 comments

Enjoy Ease and Access From direct deposit to instant card pause and more, enjoy all-digital banking. Stay on top of your spending and Round-Ups with automatic transaction notifications. Check out even faster by adding your Acorns Visa debit card to your digital wallet. Acorns Core and Acorns Later are built in, so your investment, retirement and checking accounts are all in one place. Your new Spend checking account includes fraud protection and is FDIC-insured all the way to $250,000. Save...

AMD stock option results

April 03, 2019 // by Jesse Crypto Backer // , , // No comments

Monday, Tuesday and Wednesday profits, ladies and gentlemen. Very happy with my call options and profits. I could have made a little more today, but decide to play safe. I do believe however, that AMD will continue to climb based on the good news of profitability.  Bitcoin has surged in price the passed two days as well, almost reaching $5,500 today. I didn't expect it to last though. It has already come down in price from today's high...

Acorns debit card has arrived!

April 02, 2019 // by Jesse Crypto Backer // , , // No comments

Isn't it a beautiful debit card? Acorns green with a minimalist approach. The only thing that stands out more is the actual weight of the card since it is made with the metal Tungsten. On the back is the card number, expiration, CVV  and your signature. This card and spend account will automatically find "found money" for your core investment account, while keeping track of spending habits. All this of course doesn't come free, unfortunately,...

Market for the Bulls

April 01, 2019 // by Jesse Crypto Backer // , , // No comments

Was a great Monday for the market. My call options spread did very well today, gaining 111% or $50.00. I purchase at $0.11 ($11 dollars, 5 contracts equals $55.) The market value is now $0.19 per contract (5 contracts) or $95. That's a $40 profit today on this alone. I currently do not own any actual stocks. My single contract for a call option rebounded quite a bit but not enough. I unfortunately got too optimistic last week and bought a $29...