Mining Bitcoin was the Source of Income for Rent for the Founder of MyEtherWallet

News • 2020/10/06 • by

The founder of MyEtherWallet's Kosala Hemachandra said he used the interest from Bitcoin mining to pay his rent for a year (2014-2015). He said all he does is convert the cryptocurrencies into cash because they were not accepted for all transactions.

During his chat with Cointelegraph, he looked back at the days of getting money from Bitcoin Mining. He said he spent on a Bitcoin miner, and he had it in his room, which made the process easy.

When Bitcoin was new, mining was very lucrative because the equipment needed is not as advanced as today's. Back then, mining was fun and game, but the equipment used to generate heat makes the room hot like a toaster. This sounds funny, but the truth is that temperature sometimes exceeds 90 degrees Fahrenheit.

Source: Cointelegrap

Comments (3)

Guest

exodusab

6 years ago

There are countless opportunities when you hold, mine, or trade in crypto currency and use can also use them in solving many challenges.

royguvs1st

6 years ago

good info

visiblemoney

6 years ago

This is a success story and fair news of a survivalist! I wonder how Kosala would have been able to meet his rental bill without the mining breakthrough! He should be greatful for finding that vital breakthrough at the time of closed opportunities when nothing else works! Now that mining has gone much advance he should keep up with MyEtherWallet project at least!!