Forex & Bitcoin Investment Manager And Miner - Engr Maverick Haitao

Investment August 30, 2023 (100)

Meet with Engr Maverick Haitao. Expert Bitcoin Miner and investment manager with an unmatched strength and comprehensive wealth management solutions.

With Forex & Bitcoin reaching close to US$20,000 in 2017, many people are wondering what it takes to be a Bitcoin miner  –  the name given to participants in the  Bitcoin network who verify transactions,  maintain the blockchain ledger, and are rewarded randomly with new Bitcoin through the proof‐of‐work algorithm. To find out more, I attended a cryptocurrency MeetUp in Victoria, BC, where I spent a fascinating evening among Bitcoin enthusiasts. Among them, I met a genuine Bitcoin miner who explained how he got into mining. This individual – who prefers to remain pseudo-anonymous of course but later changed his mind – talked about his mining career and the advances in technology over a four-year period from 2011 to 2015. By that point, he got out of the game before his monthly electricity bill surpassed the value of Bitcoins he was receiving. While mining may have become a big business run by pools of individuals or even corporations, learning about mining provides insights into the mindset and resources of this intriguing digital money.  

Interviewer: When did you first get interested in mining Bitcoin ’’BTC’’? 

Engr Maverick Haitao: I first learned about Bitcoin while listening to a CBC radio story at work in July of 2011. I went home to research this new idea and stumbled across a web miner – basically, a website that ran mining software on your computer. That site was going nowhere fast. In the meantime, I downloaded the only Bitcoin wallet available at the time called  Bitcoin,  which is now called  Bitcoin  Core.1   This wallet included mining capabilities, which I explored, and I started solo mining using the Core client.   After a few more weeks of research, I realized that the competition was already too fierce for solo mining and that pool mining was the only way forward. Pools were less than a year old at the time and I tried a  few of them, but eventually settled on a platform, the world’s first Private Bitcoin mining pool founded in December  2010.   In this pool, you needed to download the mining software,  which  I  found through online searches of different  Bitcoin forums.  The pool mining software used my computer’s  Interview with a Bitcoin Miner processing power and gave me around 35 million hashes per second MH/s. As my share of the pool, I  started earning around one BTC every three to four days, or USD 5 to 15.   

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Interviewer: I  read on Wikipedia that miners provide a  record‐keeping service where they collect, verify, and append a new block of transactions to the Blockchain ledger.  Each block contains a cryptographic hash of the previous block, which links or connects the new block to the previous one. In order for a new block to be accepted by the rest of the network, the new block must contain a proof‐of‐work. A miner must find a number, called a nonce, such that when the block is hashed along with the nonce, the result is numerically smaller than the Bitcoin network’s difficulty target. If a block is accepted, the miner receives new Bitcoins as their reward. So the profitability of Bitcoin mining is linked to the hash rate, where a  higher hash rate is associated with more profitability.  

Engr Maverick Haitao: After a few more months of jumping between pools and lots of reading, I learned about a new software that used graphics processing unit GPU power instead of the soon‐to‐be deprecating central processing unit CPU power.5  With this new software and my existing video card, I was able to achieve  110 MH/s. Whoo hoo! But after a lot more research over a few weeks, I realized Nvidia’s GPU graphics card was not very good for Bitcoin mining. So I bought AMD’s GPU graphics card, which brought me up to around 400 MH/s. At this point, I was earning around 2 to 3 bitcoins per week, which at the time were worth between USD 3 to 7 dollars each. Small potatoes, I know. And my electricity bill had increased from  CAD 30 to CAD 65 per month.6  I was a small miner and there were “farms” popping up all over the world with GPU rigs filling their rooms.  

 

Interviewer: What does your company De Group Forex offer?

 

 

 

 

 

 

 

 

 

Engr Maverick Haitao: 

What To Expect From Our Lessons

  •  Get an introduction to Forex, Binary, and Bitcoin from experienced traders sharing actual market examples
  •  Gain confidence and build self-discipline as you learn from professional traders
  •  Learn how to avoid common trading mistakes that many Forex traders make
  •  Gain access to the De Groupe Forex community of 200,000 + traders
  •  Learn the Momentum Reaction Strategy
  •  One on One Lesson over Skype with Maverick Haitao
  •  How to get a cryptocurrency proposal with a respective exchange on possibly listing and IEO
  •  Guide to learn what is bitcoin listing and IEO and how to possibly partake in it.
  •  Guide on those who are involved in a token committee.
  •  Engineering Guide Agency 
  •  Bringing together the CEO’s respective individuals and reaching out to project team members for possible listing or having an IEO on a regulated and secured exchange.
  •  Guide on how to recover your stolen and defrauded bitcoin, binary, and forex investment from unregulated brokers, false account managers, and exchanges.
  • Company website www.degroupforex.com We help traders and investors turn dreams into reality. Manage trading accounts, give guides on where to invest and where not to invest, and How to get back their scam money from brokers exchange and false account managers.

 

Interviewer: So even though you were part of a large Bitcoin mining pool and had a computer running 24/7 with a GPU graphics card capable of a high hash rate, you were not being rewarded for your effort. Instead, entrepreneurs and investors were setting up industrial‐scale mining operations with hundreds of custom-built rooms of GPU computers, designed exclusively for Bitcoin mining, located in places like China, Russia, and Iceland.7  How did you compete?

Engr Maverick Haitao: I kept investing in new hardware. The next jump in mining efficiency in late 2011 was the field-programmable gate array FPGA processor, which delivered a ten-fold increase in hash power per watt of electricity. It is attached to your computer using a USB connection. I never bought one of those machines,  however, because at the time there were rumors of application‐specific integrated circuit ASIC machines developed exclusively to mine Bitcoin that delivered a thousand‐fold increase in efficiency. Now during these early times, there were a lot of scams designed to dupe people out of their Bitcoins.  These scams offered fake mining hardware, coin-stealing Bitcoin wallets, and Bitcoin exchanges. Many people got scammed outright, but I was lucky enough not to be one of them. I was subject to late deliveries on equipment and under‐performing hardware, which cost me precious return on my investment.

Interviewer: It sounds like the Bitcoin community was constantly innovating to design new technology to increase hash power while reducing energy consumption. With the advent of pool mining and the development of  specialized ASIC computers, the total Bitcoin hash rate exploded, making it harder and harder to earn the  Bitcoin reward Figure

Interview. So why have you decided to share your secret with others now and what is your Profit presently?

Engr Maverick Haitao: Well, It has been a long journey for me and I have learned a lot on the way, I just want to teach people how to go about it and become profitable real quick with just financial investment and none of the technicalities of mining. Some of my present investors make over 1 bitcoin every 48 hours while some make more and some less than that. My daily mining result has increased greatly and I rather not talk about my results but my investors can attest to the huge profits they make.

The End.

Those interested in huge Bitcoin investment returns in a short period of time should reach out to him and utilize the rising market price before it sets new highs beyond $20,000 reach in 2017.

Engr Maverick Haitao

 

 

 

maverick.h@degroupforex.com