Author

Topic: Mining investment (Read 168 times)

newbie
Activity: 6
Merit: 2
September 03, 2018, 12:19:47 PM
#5
Hi,
I reside in rural area where electricity is very cheep but no better access of internet.I use 4G or GIO internet connection. I heard that high speed internet connection is required like broadband etc.Kindly guide me if there is any option with above mentioned internet speed for mining bitcoin or altcoins.
Besides wifi/broadband connection, if your are willing to spend/invest in GPU's then only I will suggest you to start mining well known coins like ethereum/ethereum classic etc, but if your are not will to spend too much money on GPU then I will suggest you to either to use your CPU for mining coins like Monero( monero difficulty has risen so if you are will to wait for more time & get your earnings slowly then only mine it) or you can mine less known coins which many people dont know, so will have low difficulty( choose coins that are listed on known EXCHANGES!) else I suggest you to wait for some years till the cryptocurrency restriction is gone( not preferable ). If you choose to mine then , mine for 24 hrs with enough cooling to your CPU else it might malfunction due to over heating or you can mine like me ( mine for some hrs like 6 or 8 a day). If you have any dought feel free to reply also you can check my website for some information.

Link for best CPU mining Cryptocurrencies in 2018: https://cryptoearningind.wordpress.com/2018/08/27/best-cpu-mineable-coins-in-2018/

Website : http://cryptoearningind.wordpress.com
sr. member
Activity: 584
Merit: 252
September 01, 2018, 09:44:35 AM
#4
Hi,
I reside in rural area where electricity is very cheep but no better access of internet.I use 4G or GIO internet connection. I heard that high speed internet connection is required like broadband etc.Kindly guide me if there is any option with above mentioned internet speed for mining bitcoin or altcoins.
Yes, internet connectivity is important to miners. You need to have a FUP plan, that means a no limit plan, preferably with a speed of 1mbps or more. You Jio connection is limited to say like 1.5 GB per day. Now I don't what are the exact numbers of mining rigs internet usage, but I would not setup using limited internet plans like Jio offers.

Hope this helps.
Abdullah Surati
www.cryptominingrig.in



Yes indeed 24 hours uninterrupted power supply with  high speed internet(always unlimited plan) are most basic things.
And to add more :
  • ASIC/GPU cutting edge technology to reduce power consumption
  • Also FPGA(preferrable)
  • Never go for any cloud mining service unless you are 100% sure

A link to get some more insight
https://www.coinwarz.com/cryptocurrency
jr. member
Activity: 99
Merit: 1
July 31, 2018, 01:06:19 AM
#3
Hi,
I reside in rural area where electricity is very cheep but no better access of internet.I use 4G or GIO internet connection. I heard that high speed internet connection is required like broadband etc.Kindly guide me if there is any option with above mentioned internet speed for mining bitcoin or altcoins.
Yes, internet connectivity is important to miners. You need to have a FUP plan, that means a no limit plan, preferably with a speed of 1mbps or more. You Jio connection is limited to say like 1.5 GB per day. Now I don't what are the exact numbers of mining rigs internet usage, but I would not setup using limited internet plans like Jio offers.

Hope this helps.
Abdullah Surati
www.cryptominingrig.in


Thanks for valuable information
newbie
Activity: 66
Merit: 0
July 30, 2018, 12:20:35 AM
#2
Hi,
I reside in rural area where electricity is very cheep but no better access of internet.I use 4G or GIO internet connection. I heard that high speed internet connection is required like broadband etc.Kindly guide me if there is any option with above mentioned internet speed for mining bitcoin or altcoins.
Yes, internet connectivity is important to miners. You need to have a FUP plan, that means a no limit plan, preferably with a speed of 1mbps or more. You Jio connection is limited to say like 1.5 GB per day. Now I don't what are the exact numbers of mining rigs internet usage, but I would not setup using limited internet plans like Jio offers.

Hope this helps.
Abdullah Surati
www.cryptominingrig.in

jr. member
Activity: 99
Merit: 1
July 27, 2018, 01:24:08 AM
#1
Hi,
I reside in rural area where electricity is very cheep but no better access of internet.I use 4G or GIO internet connection. I heard that high speed internet connection is required like broadband etc.Kindly guide me if there is any option with above mentioned internet speed for mining bitcoin or altcoins.
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