Topic: Mining advice (Read 436 times)
I like mining most of all and I don't understand people who don't think that it is the 'wrong' way of doing and investing resources and so on. I am planning to go on.
I came to the conclusion from mining three years ago to this year, that is, selling mining equipment early, because mining does not make money, and the people who make money are always the people who sell mining equipment. Mining is not as good as speculating, this is my suggestion.
Man, there is a mining discussion on this forum, I suggest you to post your question there and better read out topics, because multiple of people has already asked similar question and there is ton of answers you can find there
I advice you to move from mining. There are last chances to get money from this doing and if you want to earn on it, do not miss this oppotunity, it will be late soon and I think you will also regret about it. I have given up mining and I am happy.
You need to have a GPU too, only a CPU is not enough to get the work done. And participate in the airdrops as much as you can. And make sure you are updated in the bounty hunting campaigns.
I'm also interested about mining but don't know what to do and how to start. I here ti know about it.
Hi I am new in mining I just need advice I have a core i5 4th gen CPU is it wise to mine a smaller coin to convert it for a bigger coin so I can exchange it for cash to buy a good GPU. I would appreciate good advice thank you
Mining is not as lucrative as it sounds, mining requires a great deal of electricity, and other resources. Even with so much investment in the required equipment, you may end up not meeting your target due to the inherent risks involved. Obsolescence of mining equipment is one of the risk factors to consider. My advice is that you consider other alternatives of investment in the cryptocurrency space. You can engage in bounties and airdrop or go for trading or staking.
Hi I am new in mining I just need advice I have a core i5 4th gen CPU is it wise to mine a smaller coin to convert it for a bigger coin so I can exchange it for cash to buy a good GPU. I would appreciate good advice thank you
if you don't have enough money to buy gpu and want to earn money by coins mining theb you need to keep eye on new launched coins to mine you will make good money with this iam sure with this.
Mining is good
But without the proper tools can be a waste of time
I do urge you to get involved in trading or Alt coins investment
It will save you all of stress
But without the proper tools can be a waste of time
I do urge you to get involved in trading or Alt coins investment
It will save you all of stress
You must buy a GPU to get the best outcome from mining. I suggest you go for small bounties. airdrops, games that gives handsome tokens absolutely which are legitimate to buy BTC or other coins with that you can make it possible to trade Mining hard wares if you do not have money for now. If you have money, then I suggest you go more AMD GPU or nVidia and start mining. Do not forget to have a nice amount of RAM in it.
CPU mining brings very small amount of money - you will earn for GPU for a long time. I think better for you to try bounties and airdrops. Bounties will help you earn for much smaller time and you do not need to spend much time for doing that. If you have a lot of free time you could join to airdrops too.
You need to learn how these things work before you venture into it full time. Take your time , read and study and learn from people that are doing it before and also get their experience and add to yours
One graphic card will not be enough for mining. It is necessary to buy a lot and organize them all into one system.
Mining is actually pretty hard unless you have a gpu. It needs computer mining equipment and also a client who will handles and operates all rig form users computer. This equipments are pretty expensive
To hold your bitcoins you will need a bitcoin wallet so grab it quick. Then do find a mining pool which is actually a bunch of bitcoin miners aims to produce more bitcoin miner by combining the computing power.
Get yourself a Bitcoin calculator. Why you need this? You need it because it will help you with research. It will let you know how long it will take making profit when you input information into bitcoin miner.
That is not sufficient enough for mining coins but you can try platforms like minergate and honeyminer which allows you to mine with your cpu. But, there are high chances of damaging your cpu in the process and the pay off is also not so good compared to gpu mining.
You will require having high power CPU but you will also need other specific equipment for mining. Moreover you will also need to have knowledge and expertise. Try to take part in the airdrops as well as in the bounty campaigns.
You are late bud. The time has gone when CPU could have gained you good amount of profits through mining. The difficulty has raised so much that it is almost impossible to mine crypto through a CPU. The computational power a CPU can go to at the maximum won't be just sufficient to mine at least a few coins. Although there are a few coins which can be mined through CPU it won't generate you enough money to take out good profits. So you should either consider in investing in GPUs and build a rig or directly invest in Cryptocurrencies and start trading.
take a serious look and read at mining section.. you will discover that doing mining is not an easy activity and it's not so lucrative unless you have a very chep price of energy and a good amount of $$$ to invest.
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