Zach Gosling's Blog

I started my venture into Bitcoin about 9 months ago after I stumbled upon silk road ;) I used Bitcoin on a very small scale just to see how it worked but didn't take the time to research and understand why a virtual currency could become extremely valuable. I lost interest in Bitcoin until the end of October when I started seeing news stories on Forbes, Fox News and all the other major news outlets. I finally took the time to research and understand what could make a virtual currency like this so valuable in the future. With this new knowledge and the realization that if I would have invested $1,000 into the currency 8 months ago it would be worth over $10,000 now that I decided it was time to begin my investment into Bitcoin. After researching how I should invest I came up with two options. 1: Buy the currency outright and be stuck with a finite amount with the risk of loosing it all if Bitcoin one day becomes worthless 2: Buy an ASIC miner that should pay for itself in ab...

Let me start with a little background on myself, I'm a 21 year old college student studying Business and Information Systems at Drexel University. I've always been interested in technology and successfully pieced together my first custom computer when I was 11 years old using parts from retired PC's my dad had laying around. The only thing I was really concerned about though was the video card since I was planing to connect the computer to my TV and watch music videos on it. This was the first time I remember putting together the concept of how all the different components come together to make a computer function. Even though my dad helped me out I thought I was some pretty hot stuff because no one I knew had a computer connected to their TV and could watch music videos on demand. This was right after Windows XP came out and media center pc's had not gained much traction yet. Anyway by making this machine work the way I wanted it to I felt like I could do anything ...