Much loss. Very sad. Such lacking support. Goodbye Coins-E, Hello CoinedUp

A few days ago I posted a follow up to my Crypto Currency adventures. I had recommended Coins-E for an exchange at the time after Cryptsy had utterly failed me. I had been happy with Coins-E but what happened is they had a fork happen with their DogeCoin block chain. The easiest way to explain is that now I have over 130,000 DOGE that are lost in an alternative parallel universe. Now if their admins got off their butts and did something to fix this I may get my coins back. However after reading other peoples tweets and posts on Reddit it seems that their support is unresponsive in all the ways (tickets, email, twitter, etc).

What now? Well I am still mining DOGE to make some extra cash and have fun with the Crypto currency and I have since moved to CoinedUp. They are a FREE exchange that has a much better track record than Cryptsy, Coins-E, and BTER. I am going to use them and if I have any issues I will definitely post a follow review on them.

To the Coins-E admins if you could send me back my 130,000+DOGE that would be great. My DOGE address is DF21TzKkUgZmZhFpQggYQxobWow5HU3VdV

My Journey with Crypto Currency – Getting Started and Thensome

As promised I am writing the next post on my Crypto Currency adventure. When I last wrote I mentioned some sites for trading and to setup accounts on there. I wanted to preface this post by saying that I have since changed what USD to BTC exchange I am using as well as the coin exchange that I am using.

Exchanges

coinbase_logo_whiteFor my exchange to purchase and sell BitCoins I am using CoinBase. Their verification process and speed of the transactions is top notch. Their site is easy to use and the fees are low. They are also based in California. Everything I have found on them checks out and I can say with confidence that they are very legitimate and there is a very low risk of shady things happening with them.Continue reading

My Journey with Crypto Currency – A Short Intro

As most of you have heard BitCoin has taken off and ended up being a stable investment for a lot of people. If you are like me and did not really pay any mind to BitCoins and just kept up on the news you probably are regretting not getting into it sooner.

Unfortunately there is a little bit to learn and now BitCoins are no longer worth mining due to the power that is required and the hardware that is required to actually mine the coins. However there are plenty of other crypto currencies that are taking off. After reading up on the others that are taking off and gaining popularity I have started mining LiteCoins and FeatherCoins.

bitcoin image

There are a few things that you will need to get in order so that you can not only mine but also buy and sell your coins. Once you get started and all the framework in place to buy and sell coins then you will be able to start getting into this new market and hopefully make some money off it. At the least you’ll have some fun in the process.

  1. You will need a fairly powerful computer. This means a decent CPU and preferrably a dedicated graphics card (I am only going to cover ATI as that is what I have)
  2. You will need to join a mining pool (you can go solo but its not profitable)
  3. You will need to setup an account with MtGox – https://www.mtgox.com/
  4. You will need to setup an account with BTC-e – https://btc-e.com/
  5. Patience. Lots of patience.

Those are the basics. Stay tuned for more posts as I progress on this journey.