Topic: 💰 How to start mining with low capital 💰 (Read 338 times)
lot of rumours around that and negative ones especially i've heard about bitcoin swapping to PoS model so one day all mining of this kind will be so dead, so better be prepared and stake to , i've tried my luck on gekkoin and also expanding my investement to buy and stake some alts on exchange
If the cost is not too big, I think it is worth adding some knowledge about the staking coin. I saw Clam coin before, and if I am not mistaken, that coin is one of the coins that I traded it in Poloniex a few years ago. But then the coin is delisted, as other members said. I think many old coins want to come back and repeat their past success, and if that coin is worth to stake, I think we should try it. Besides that, we should search for many ways to earn money from crypto IF we are really serious about reaching our goals in making money from crypto.
But you should search for more news about the stake that coin, including the preparation before you can start to stake, so you don't have a problem in the future.
But you should search for more news about the stake that coin, including the preparation before you can start to stake, so you don't have a problem in the future.
You are right, is important to be informed about the coin before start staking it. The staking process isn't easy at all, for it you need mature coins, which means you need to hold the coins for X number of blocks before they start staking.
And the liquidity of the markets is really low now, with this bitcoin bump some holders sell their clams, and now is cheaper. But not sure about how much it will drop.
If the cost is not too big, I think it is worth adding some knowledge about the staking coin. I saw Clam coin before, and if I am not mistaken, that coin is one of the coins that I traded it in Poloniex a few years ago. But then the coin is delisted, as other members said. I think many old coins want to come back and repeat their past success, and if that coin is worth to stake, I think we should try it. Besides that, we should search for many ways to earn money from crypto IF we are really serious about reaching our goals in making money from crypto.
But you should search for more news about the stake that coin, including the preparation before you can start to stake, so you don't have a problem in the future.
But you should search for more news about the stake that coin, including the preparation before you can start to stake, so you don't have a problem in the future.
The coin has blocks each minute and most of them get mined by this pool, so, i'm getting 0.158 clams aprox each day with 481 invested that means. a profit of 0.032% daily or 12% in one year.
If it so good why not many people are doing it?
Because clam gets banned from poloniex and that block the coin from the markets, but now we all have access to the coin again, so it's a good chance for all.
Or maybe they don't see that 12% something as profitable as compared to trading or hodling the cryptocurrencies. But to be honest if they factor in the compounding rate when they just re-invest on what they earn I think they'll be re-thinking about it again as yes .0032% daily might be low compared to the 1% being given by the HYIPs one but the power of compounding is still there, for people who are in the crypto industry and will like a steady and a non-volatile way to earn I think this will be a good option for them.
Mining is a losing activity for many beginners because you need to know a technique, and the more this knowledge increases, the greater your profit, so whatever profit it is still dangerous for beginners and it is better to avoid.
As for mining in altcoin, it is considered an adventure because you require that you succeed in mining properly and then calculate profits and currency fluctuations.
you may have mining confused with something else! there is little to no knowledge required in mining and that has not changed for many years, if anything things are getting easier as people just buy the mining equipment and use them as "plug and play" devices requiring very little setup.As for mining in altcoin, it is considered an adventure because you require that you succeed in mining properly and then calculate profits and currency fluctuations.
not to mention that what OP is talking about is not exactly mining but staking that requires even less knowledge. you basically buy and store the altcoin to receive profit!
Mining is a losing activity for many beginners because you need to know a technique, and the more this knowledge increases, the greater your profit, so whatever profit it is still dangerous for beginners and it is better to avoid.
As for mining in altcoin, it is considered an adventure because you require that you succeed in mining properly and then calculate profits and currency fluctuations.
As for mining in altcoin, it is considered an adventure because you require that you succeed in mining properly and then calculate profits and currency fluctuations.
Bruh this coin has no liquidity and the only exchange it's listed is yobit, it makes no sense to invest in this coin.
Probably worth noting that this, could be applied to all present, and future altcoins. Allowing for some early gains if you are particularly supportive of a altcoin. Although, this will likely yield small amounts, I do think its a good way to get into the mining world, since it might even teach you a few lessons about cryptocurrency markets in general, with relatively low stakes. Far too often, I see users asking about high end mining devices looking to earn a fair amount right off the bat, but its far better to learn, experience, and understand the process with as low stakes as possible before investing any more time or money into it.
I've started from $500. It's mot so much. I have only 2 GPU from 6 possible in my farm. I will buy 1 GPU each month and hope till the end of the winter I will have a full farm. Forum and Google have a lot of guides how to set up the mining farm. As fo me (im newbie in mining) it was hard. I spent few days to installation. I wish you all the best and hope you'll reach success too.
PCs don't really consume that much electricity, you can even turn your monitor off automatically to remove one source of electricity consumption.
as for VPS, since you aren't exactly mining and are simply running an altcoin node it shouldn't be a problem as a lot of people are running nodes on different VPS services.
I could try it on my VPS. Have you tried it personally, too? Do you think it's worth it?as for VPS, since you aren't exactly mining and are simply running an altcoin node it shouldn't be a problem as a lot of people are running nodes on different VPS services.
I have done the research, and I have seen this old post. https://steemit.com/cryptocurrency/@mandeep.vicky/clam-stake
I see that it's just like what the OP posted. I'm curious if that guy is profitable.
It maybe an easy setup but I'm not sure if it's profitable in my end. Electricity here in my place is expensive. On a VPS, I'm not sure if it's allowed or even possible. I don't know but thanks for the ideas.
PCs don't really consume that much electricity, you can even turn your monitor off automatically to remove one source of electricity consumption. as for VPS, since you aren't exactly mining and are simply running an altcoin node it shouldn't be a problem as a lot of people are running nodes on different VPS services.
You are right,it's investing, but the staking made by the site is shared between the investors. It has a risk, if someone wins big on the casino you could lose part of your investment. The site is holding half of the network, so isn't easy to lose in the long run.
I think that's understandable already because there has to be somewhere that site would get that win. Anyways, that site holding half of the network bothers me though. It's either they can take advantage or not. Then you can install your own clam node and start by yourself with zero risk. For that, you need a PC connected 24/7 and some skills to configure the staking. But should be possible for all.
It maybe an easy setup but I'm not sure if it's profitable in my end. Electricity here in my place is expensive. On a VPS, I'm not sure if it's allowed or even possible. I don't know but thanks for the ideas. Thanks for sharing this OP. Anyways, all I can see in just-dice is the tab Invest. And it's investing with the casino, not staking. Is it the same on the site?
You are right,it's investing, but the staking made by the site is shared between the investors. It has a risk, if someone wins big on the casino you could lose part of your investment. The site is holding half of the network, so isn't easy to lose in the long run. But if you don't want to take the risk, then you can install your own clam node and start by yourself with zero risk. For that, you need a PC connected 24/7 and some skills to configure the staking. But should be possible for all.
...
Warning: I see this as an attempt to find buyers for a dead altcoin.
Warning: I see this as an attempt to find buyers for a dead altcoin.
I just see this as an opportunity to multiply the coins by holding, i'm not even sharing affiliate links, I'm just sharing knowledge. as i say in the first post, if someone has a better way i would love to read it.
So, this is about Staking coin called clam coin.
OP is talking about an altcoin. (Why isn't this in Altcoin discussion?)
Also it's a basically dead altcoin. It's traded in very few exchanges and the volume is tiny. This usually means the difference between buying and selling price is also unreasonably high or you may end up with no buyers for your profit.
And it's staking, not mining. One has to buy a stash of coins to stake.
Warning: I see this as an attempt to find buyers for a dead altcoin.
So, this is about Staking coin called clam coin.
OP is talking about an altcoin. (Why isn't this in Altcoin discussion?)
Also it's a basically dead altcoin. It's traded in very few exchanges and the volume is tiny. This usually means the difference between buying and selling price is also unreasonably high or you may end up with no buyers for your profit.
And it's staking, not mining. One has to buy a stash of coins to stake.
Warning: I see this as an attempt to find buyers for a dead altcoin.
[/quote] thanks for tge heads up, i wouldn't invest in an altcoin with tiny volume
So, this is about Staking coin called clam coin.
OP is talking about an altcoin. (Why isn't this in Altcoin discussion?)
Also it's a basically dead altcoin. It's traded in very few exchanges and the volume is tiny. This usually means the difference between buying and selling price is also unreasonably high or you may end up with no buyers for your profit.
And it's staking, not mining. One has to buy a stash of coins to stake.
Warning: I see this as an attempt to find buyers for a dead altcoin.
The coin has blocks each minute and most of them get mined by this pool, so, i'm getting 0.158 clams aprox each day with 481 invested that means. a profit of 0.032% daily or 12% in one year.
If it so good why not many people are doing it?
because you are computing your profit in CLAMS not in bitcoin. the biggest problem with altcoins is their pump and dumps and the downtrend that they have 90% of the time. for example CLAMS got a small pump back in July and the rest of the year it has been dumping while it is worth 1/3 of what it was worth back then (from 30k to 10k satoshi). the other bigger problem is that it seems like this coin is only listed on Yobit which is the worst exchange that has ever existed! If it so good why not many people are doing it?
I have seen CLAM for quite some time, and there are many speculations on how they are doing their project. Anyway, it's quite interesting to mine CLAMS now because it seems like a discount from its former value. Being able to get more and previously listed in one of the famous exchanges may bear fruit again in the future.
Thanks for sharing this OP. Anyways, all I can see in just-dice is the tab Invest. And it's investing with the casino, not staking. Is it the same on the site?
Thanks for sharing this OP. Anyways, all I can see in just-dice is the tab Invest. And it's investing with the casino, not staking. Is it the same on the site?
True it was a real business when clam was at 0.013btc, now the prize is really low, but that can change in the future. I really try to explain it in a clear way... I posted where can you get them and a place for the staking. That's all that the users need to know 
It really sucks that coinmarketcap list YOBIT as a reference for this coin, and i say it sucks because you can't make deposits and withdrawals with clam coins on it. So, the only good site to buy them is freebitcoins.com but the project still untracked on CMC: https://coinmarketcap.com/exchanges/freebitcoins-com/ is about time to see it there.
It really sucks that coinmarketcap list YOBIT as a reference for this coin, and i say it sucks because you can't make deposits and withdrawals with clam coins on it. So, the only good site to buy them is freebitcoins.com but the project still untracked on CMC: https://coinmarketcap.com/exchanges/freebitcoins-com/ is about time to see it there.
Thank you for the information that I did not know. The reward from images is good but years ago, CLAM had its bad period when Poloniex delisted it and price of CLAM fell to the hell. After that delist, weeks or months later, it was listed on https://freebitcoins.com/xchange/market/Bitcoin-Clamcoin. It helps CLAM survives but not actually been actively traded. Today and last 24 hours, no volume on freebitcoins.com exchange.
I check on coinmarketcap and Yobit is only another exchange for CLAM but no trading volume. https://coinmarketcap.com/currencies/clams/markets/
I check on coinmarketcap and Yobit is only another exchange for CLAM but no trading volume. https://coinmarketcap.com/currencies/clams/markets/
....
If it so good why not many people are doing it?
Perhaps because people do not understand all these things since the way they are explained or presented are confusing? Is staking the same as mining? These two look similar but the two are different from what I know. If it so good why not many people are doing it?
I also checked exchanges where it is being traded and I can only see Yobit on CMC. It's the go to site for most people as we all know. People don't know the exchange on freebitcoins and I don't see why people will buy Clam from Yobit.
Jump to: