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Mining by iamalive

View this thread on: hive.blogpeakd.comecency.com
· @iamalive ·
$0.53
Mining
CryptoFetch:
What is bitcoin mining?
basic explanation
advanced explanation


Should you invest in mining bitcoin?
No, mining bitcoin at the current difficulty is too hard to get into for most people. Buying ASICS is your only way of making profit. ASICS can be very expensive and thus are not accesible for most people.


So is there any other way?
Yes, mining alt-coins is a more profitable method because reaching 100% ROI(Return Of Investment) will take less time.
Mining altcoins is mostly done with GPU's because they have more (but less powerful) individual cores than CPU's have.
In the cryptocurrency world there are many 'hashing' algorithms, this was originally done to prevent ASICS from taking over the market.


Is my computer fast enough?
you can check the hashing performance of most hardware here.


So how much profit will I make?
This site will help you calculate your profits.


My computer sucks but I'm experienced in building computers and I have ~$500-$1000 to spend, wat do?
Build yourself a mining rig, here's an example of a modern-day mining rig for ethereum.

Thanks for reading and upvote if liked
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vote details (21)
@minnowpond ·
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