Topic: How can I start mining Bitcoin (Read 210 times)
A PC with high end CPU like ryzen 7 and a GPU like rx580 8GB is enough, you will need to mine ETH with the GPU and swap the ETH for MATIC every week and use the CPU to mine XMR or Raptoreum Coin, also swap it for MATIC when you get your payout.
Hi guys, I wanna to conduct an experiment, start mining Polygon (Matic) from 0 knowledges.
I'm searching for information or someone else who can suggest me How can I start mining Polygon. What I need, how to calculate my revenue/profit, what PC, CPU I need for this.
Thanks.
I'm searching for information or someone else who can suggest me How can I start mining Polygon. What I need, how to calculate my revenue/profit, what PC, CPU I need for this.
Thanks.
Before you pick a coin you want to mine you need to look up proof of work vs proof of stake. If your end goal is to get matic by mining then you are going to have to mine a proof of work coin like eth or bitcoin and then trade your way in exchanges to get matic.
the only thing I don't like is you get less reward compared to if you mine ETH direct and swap that for the coin of your choice.
"Man eats where he works" or so they say. The reason the site operates is so that they can also earn something out of the miners. The Option to mine ETH or any other highly profitable coin and the swap it to one's favorite coin is much smarter.
Mine the most profitable coin ( Ethereum ) and use the daily reward to buy other coins you prefer, using that unmineable website is a big rip off unless you want to avoid the stress of sending tokens to exchanges and withdraw them again after swapping to another token.
the only thing I don't like is you get less reward compared to if you mine ETH direct and swap that for the coin of your choice.
"Man eats where he works" or so they say. The reason the site operates is so that they can also earn something out of the miners. The Option to mine ETH or any other highly profitable coin and the swap it to one's favorite coin is much smarter. Use the unmineable platform to mine coins that are not PoW algorithm supported, I doubt that Matic is on the list though but you can check them out yourself using the link below...
https://unmineable.com/coins
I wouldn't recommend OP to use the platform. So many complaints about them randomly changing goal posts like increasing withdrawal threshold and other things - https://www.trustpilot.com/review/unmineable.comhttps://unmineable.com/coins
im making decent profits doing this. i make almost $10 dollars a day staking.
How much Matic are you staking?Use the unmineable platform to mine coins that are not PoW algorithm supported, I doubt that Matic is on the list though but you can check them out yourself using the link below...
https://unmineable.com/coins
I wouldn't recommend OP to use the platform. So many complaints about them randomly changing goal posts like increasing withdrawal threshold and other things - https://www.trustpilot.com/review/unmineable.comhttps://unmineable.com/coins
im making decent profits doing this. i make almost $10 dollars a day staking.
How much Matic are you staking?
Use the unmineable platform to mine coins that are not PoW algorithm supported, I doubt that Matic is on the list though but you can check them out yourself using the link below...
https://unmineable.com/coins
https://unmineable.com/coins
once you convert eth or any other crypto to matic you can start staking
lots of places you can earn 20% or more.
im making decent profits doing this. i make almost $10 dollars a day staking.
lots of places you can earn 20% or more.
im making decent profits doing this. i make almost $10 dollars a day staking.
Polygon network (Matic) uses the Proof of Stake algorithm instead of Proof of work, which requires hardware for one to mine the coin. On the proof of stake algorithm, you have to stake some matic to become a validator or delegator in order to earn rewards.
So you might as well sell all that hardware you have and buy matic to stake if you are not into mining POW coins
So you might as well sell all that hardware you have and buy matic to stake if you are not into mining POW coins
Matic is not mineable like ETH, via GPU or Asics, it's different, Polygon uses Proof of Stake instead of Proof of Work.
Here you can understand more in a simple language: https://www.coinbase.com/pt/learn/crypto-basics/what-is-polygon#:~:text=To%20create%20new%20MATIC%20and,add%20them%20to%20the%20blockchain.
Users above suggests to mine ETH and change for Matic, this is an approach, and it's valid if you want to mine something + get Matic instead of buying.
What's your intention here?
If you just want to mine, you can follow suggestions, if you want to be part of Polygon and help the network, you'll have to dig deep to undertand about validators.
In a simple way, put your GPU to mine ETH and buy Matic with ETH
Here you can understand more in a simple language: https://www.coinbase.com/pt/learn/crypto-basics/what-is-polygon#:~:text=To%20create%20new%20MATIC%20and,add%20them%20to%20the%20blockchain.
Users above suggests to mine ETH and change for Matic, this is an approach, and it's valid if you want to mine something + get Matic instead of buying.
What's your intention here?
If you just want to mine, you can follow suggestions, if you want to be part of Polygon and help the network, you'll have to dig deep to undertand about validators.
In a simple way, put your GPU to mine ETH and buy Matic with ETH
https://ethermine.org/start
Mine ethereum, and set up the withdrawal of coins to the MATIC network. Then change your coins on the exchange 1 inch to matic
calculators
https://whattomine.com/gpus
https://www.kryptex.org/en/mining-calculator?
Mine ethereum, and set up the withdrawal of coins to the MATIC network. Then change your coins on the exchange 1 inch to matic
calculators
https://whattomine.com/gpus
https://www.kryptex.org/en/mining-calculator?
Since it's called an experiment get a GPU and mine ETH to binance ETH address and swap to Polygon MATIC, Polygon isn't a PoW ( Proof of Coin ) algorithm coin.
Hi guys, I wanna to conduct an experiment, start mining Bitcoin from 0 knowledges.
I'm searching for information or someone else who can suggest me How can I start mining Bitcoin. What I need, how to calculate my revenue/profit, what PC, CPU I need for this.
Thanks.
I'm searching for information or someone else who can suggest me How can I start mining Bitcoin. What I need, how to calculate my revenue/profit, what PC, CPU I need for this.
Thanks.
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