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Meet The Miner Vol.5: Minesum10


In the world of cryptocurrency mining, Minesum10, also known as Jake, is a seasoned miner with a passion for both the technical aspects of mining and the underlying ethos of cryptocurrencies. By day, he's a professional with a broad skill set encompassing automation, security, networking, audio, video, surveillance, and more. However, it's his journey in the crypto mining space that truly sets him apart. Getting Started: Jake's journey into crypto mining began in his early 20s when he was introduced to the concept of residual income by a mentor. This pivotal moment set him on a path to explore passive income strategies, eventually leading him to the world of cryptocurrencies. Jake's interest in crypto dates back to 2013, but it wasn't until 2020 that he rekindled his mining endeavors. What Attracted Him to Crypto Mining:

Jake's attraction to crypto mining goes beyond mere profitability. He was drawn to cryptocurrencies after gaining insight into the nature of modern money mechanics and the corruption within the traditional monetary system, which he learned from the documentary "Zeitgeist." The creation of Bitcoin following the 2008 housing crisis further solidified his belief in the values and principles of cryptocurrency.

Current Mining Setup:

Minesum10 operates a versatile mining setup, adapting to the evolving landscape of the crypto world. His focus primarily lies in GPU and CPU mining, with a collection of about 40 GPUs, including 30 series, 40 series, and AMD cards, along with four Ryzen CPUs. He has also explored unconventional mining strategies like Helium, Hivemapper, and cell phone mining. As he contemplates adding more ASIC miners to his arsenal, he faces the dilemma of choosing from options like the X5, Jasminer X16, and the KS3. Choosing Which Cryptocurrencies to Mine:

When selecting which cryptocurrencies to mine, Jake takes a holistic approach. He considers tokenomics, the project's team, utility, and the strength of its community. Speculative mining is also part of his strategy, as he's always on the lookout for hidden gems in the crypto space. Challenges Faced and Overcoming Them: Like many miners, Jake recognizes that affordable electricity is a key challenge. He proactively addressed this by integrating solar power into his setup before the ETH merge, ensuring his mining activities remain sustainable. Additionally, he faced hurdles such as setting up virtual machines for spec mining wallets, enhancing network security, and discovering promising projects in their early stages. Continuous research and community involvement helped him overcome these challenges. Managing Costs:

To manage mining expenses effectively, Minesum10 adheres to a strategy of hodling 100% of what he mines for the next bull run. He keeps his electricity costs within budget, thanks to his solar power setup. His approach to hardware acquisition is thrifty, often relying on buying used equipment and occasionally flipping it for profit. Optimizing Profitability: Jake's mining strategy doesn't focus on daily or weekly profitability chasing. He prefers to hold his mined assets and only occasionally swaps them for coins he believes have a promising future. When he does trade, he seeks out exchanges with low fees. Downtime is minimized through tools like watchdog and BIOS settings that facilitate automatic reboots.

Memorable Moments:

In his mining journey, Jake has experienced numerous memorable moments. One that stands out is witnessing the hashrates of several GPU mineable coins surge right after the ETH merge. He chose Kaspa, which turned out to be a wise decision, while others expected ETC or Ergo to be the best option. Staying Informed:

Jake's commitment to staying informed is unwavering. He starts his day by reading announcements in various project Discord servers and regularly engages with other content creators and YouTube channels to remain updated on current events.

The Future of Crypto Mining:

As for the future of crypto mining, Jake acknowledges the challenges posed by the transition to Proof of Stake (PoS) due to environmental concerns. He believes that Proof of Work (PoW) still holds value in achieving true decentralization. Jake sees emerging trends, including collaboration between large-scale miners and energy companies to stabilize the grid and make power more affordable. He also finds the concept of "Proof of Useful Work" intriguing, where miners can simultaneously provide computing power. This trend, along with the development of GPU mineable coins that explore combining hashing and providing computing services, offers exciting possibilities for the future. Minesum10's journey is a testament to the evolving nature of the crypto mining space and the innovative strategies employed by miners to adapt and thrive.


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