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Part  1 Potato chips. You can’t just eat one, am I right? That’s how mining has become for me. It’s always just a little more mining power. Like reaching in and grabbing a couple of extra chips and before you know it, the entire bag is empty. But in the case of mining, there will always be something left in the bag. You can trade various coins, set up more rigs or upgrade your current hardware. Up until now, GPUs where the only way to mine Altcoins. ASIC’s are what took over Bitcoin mining and now they’re finally just starting to become available for Scrypt mining. One of the first that are somewhat affordable are the GridSeeds. I have been …

Part 2 Over the last few months, I decided to try my hand at mining BitcoinsCryptocurrency. Recently, I found the best way to get started is to mine what are called Altcoins. Bitcoins and a few others are based on SHA256 hashes which are easier to verify transactions and therefore there are ASIC or Application Specific Integrated Circuits that can mine very fast. Because of this, the network difficulty becomes very high and therefore takes more power for the same reward. Basically you get a reward for mining which is providing processing power to verify transactions. Once the network agrees that a transaction is valid, it then confirms the transaction. Altcoins are based on Scrypt mining which is more memory …