Time for my weekly update. This is the third weekly update on my mining progress and other news.
So, I mined about the same as last week - around 0.5 ether in total.
I believe you should never keep all your eggs in one basket, so I chose to convert some of my Ether into Bitcoin (BTC) and some Litecoin (LTC).
The BTC to ETH ratio is pretty good right now at around 0.093-0.097 (almost 0.1), which I believe is fueled by all the new projects using Ether to fund and support their platforms, making Ether move faster around the ecosystem.
I also put a small amount of the Ether I've mined this week into a new project called æternity (aka aeternity), which looks promising on the technology side as well as the team. Aeternity suddenly hit their funding goal just a few hours ago, so congrats to them! I won't go into details about the project in this post. You can read more about the project on their website if you're interested: https://aeternity.com
I spent some time on an interesting challenge this week: I have had an old PeerCoin wallet lying about since around 2014 which I had forgotten the passphrase to.
After a lot of trial and error I eventually managed to restore the passphrase using a tool called btcrecover (https://github.com/gurnec/btcrecover/).
I had a small amount of PeerCoins (PPC) in the wallet, almost 33 coins which I managed to get back today. Since PeerCoin has gone up in value so much lately, I decided to check up on the status of the community and general development status of the project; let's just say I was left with a good impression!
Let me know your thoughts below!
Peercoin is doing very well lately and I think it is about to do better. Hang on to those coins is my suggestion. :)
Will do ppcman :)
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Very good article. Same thoughts here. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. Does anyone know about: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. Go to: https://www.coincheckup.com/coins/Peercoin#analysis To see the: Peercoin Investment research report.