As you know, there is little in the way of feedback coming through the system about the state of play with Coinpay. It seems that it is all being kept pretty quiet. But that doesn’t mean there is nothing happening behind the scenes, it’s just that we don’t get to see behind the scenes.

Therefore, I am left to keep an eye open myself on developments from what I can glean from snippets here and there on-line and there isn’t much.

One of the things I look at from time to time is the development web-site to see if anything has been recently added. The site doesn’t seem a lot different from the last time I looked but it occurred to me that many of you may not even know this site exists.

If you want to take a quick look at how Coinpay is coming on, then a look at this site is quite useful. You can see it here:

There is little there that you probably didn’t already know or surmise but, at least, to be able to see it in real visual terms is useful.

I started to look at this closely about a week ago, with a view to finishing off an analysis of my mining results in February. I did finish that in the end by pulling out my daily Bitcoin income from BCN on my main founder account and transferring it to a spreadsheet. The results of that analysis were very encouraging with an average pull down of just over $16 per day.

Now, as we all know, the fate of mining results can vary daily and move up and down in terms of success. And, no surprise here I guess, March is already shaping up to under-perform February with my average kicking in at around $14 per day currently. BCN seem to be hitting a lean period on results again (although I was encouraged to see 6 blocks hit yesterday again – 7th March).

Much depends on the dollar value of Bitcoin when you analyze daily income results from mining and I base both of those dollar figures on a current value of $1,208 (just so you know). Just 5 days ago, I could have based that on $1,290. The difference can be dramatic with the daily income figures to say the least.

Whatever the daily price happens to be and whatever time of day you catch it, we know that it is going up and down. It looks to me like Bitcoin has hit another resistance point as it pushes on $1,300 but doesn’t quite break through. Hopefully that will change as the year moves on.
Whichever way you cut it, the daily result of mining for me has becoming an attractive figure and whilst I fully understand that we will all experience differing results (because of the infinite variations on what we can do with our mining pool shares) I see no reason why this should not continue as they buy and install more power.

Quite frankly, if I could simply keep an average of $10 per day on my founder account at this stage, 20 months in, I would not be sad. That is $3,650 per annum on total shares that cost $3,500.

Of course, at the more realistic $15 per day figure, it is $5,475. 

And how long will I own these shares? That is another variable as every time a new partial share purchase appears in the account it has a new 1,000-day life-span and my original first share still has 450 plus days to run. All in all, the mining results do seem encouraging.

Just so we can head of any debate ahead of time it must be said that I have purchased some (small) additional partial shares over the last 20 months and I did have all my mining pool shares switched to 100% re-investment until I had 2 shares in each pool.

All the same though, I haven’t gone mad with this and there are many others who accelerated the process far more.

Along with my regular blog at Bit-Talk.info (and you can see that here) I have begun creating a new video resources page. The idea is that you can direct anyone to that page and they will see a simple and progressive introduction to the Bitcoin world and, eventually, the world of cryptocurrency generally.

It isn’t finished yet, not by a long way, but it is 9 videos in as I write and coming along. I would love feedback from you to decide what I should cover as I move ahead with that page. 

There will be some promotional Bitclub videos there that move people closer to the business of course as I progress this page. But I really would like to know if there are areas you’d specifically like me to cover that would make getting someone interested in the diverse world of crypto easier.

Feedback is so important otherwise I can so easily just load the site up with unimportant, irrelevant things.

To visit the video resources page use the link below: