Topic: Why don't we discuss about mining (Read 48 times)

We no dey discuss about mining many times because say we no get proper deep knowledge about am, mining no be easy thing because e require a huge farm, financial support, expert engineers to set up, regular maintenance cost, standby electricity, moderate atmospheric conditions(Not too hot, not too cold).

All these things need to get in place before mining operations is been carried out perfectly. However, mining is not an individual venture, it's most likely be governmental sponsors and collaborations.

To me if Naija wan construct a mining plant, make them carry am go Plateau Jos because of the temperature of that location, e go make sense there.

It's as good as encouraging enthusiasts to possess their possessions to where they're comfortably fitted to invest their funds in the crypto space.
Although the several aspects of earning in the crypto crypto shouldn't be as a task of competing with a fellow. You just need to discover what's affordable and conversant with you so you can do well prosper abundantly.
Outlining what has been a major discourage of Nigerians not recognized as part of the noted miners is the nature of our government policies such as taxations and regulations also the side effects of electricity which is a major flux for miners in our country as demand to stay on 24/7 in validating transactions and solving mathematical issues in the blockchain.
Congratulations to the miner with his earned of $300,000 but don't assume thr tasks that brought him/her that huge amount was as easy as thought just as admitted that it's easier to say than getting it done.
Nigeria economy has become too hard and expensive for a common one to afford a standard level which mining would require anyone here expenses before getting on mining.

My brother no doubt you don talk well, na field wey someone fit find career inside if the material and the support from government dy, but as a typical Nigerian, e dy very important say you know how to use your tongue count your teeth because we dy in a country whereby if you no dy use your brain, na from one tight Conner to the other you go dy enter on a steady.

Just look around you, you go know say for we country, we get more problem for we country naija than this, and besides our weather no too good for mining operation to flourish.
We never even talk about power supply wey no dy too dy for we country, so honestly speaking bro, in as much as say e for dy very good if it can be done in our country naija, but the current problem in our country and the high cost of living don make everyone focus on so many productive things wey go fit change the current situation at hand, no be mining wey no go fit influence the economy much as we want, so till we first fix the present situation at hand, which is the hardship in the country, mining na secondary need for we country now.

I understand tons of persons care less about mining probably because of the luck attached to mining just a single block especially when you don't have enough money to buy lots of computing power to compete with top miner with huge mining farms. Though the probability of mining one block with very small computing power is low, but if luck eventually falls on your side you managed to mine just one block, that could be the start of you setting up a mining farm and increase your probability of mining more blocks within a short period of time. Again our government at these times could be another retarding factor why most Nigerian are not passionate about mining or even showcasing their mining farm. Yes I believe we have some miner in this country but they keep a low profile because the government is not to friendly with things regarding to cryptocurrency.  However one of this reason I'm creating this thread is to motivate us, I understand not everyone can become a miner but the ones who have developed the interest please do not end up suppressing it who knows that could be your hiding life career and you can make good funds out of it.


Few hours ago, a solo miner mined a block in the block chain with a reward worth over $300,000 you can imagine converting that to our own currency.  And this is a miner with not so much computing power it could be a mini mining machine in form of a USB drive directly to your PC and he just got lucky,  now it's easy for him/her to set up a mining farm and takes mining as his full time career. It's easier said than done, but like I said earlier this advice is not for everyone is for those who have in some point in time developed the interest to start up bitcoin mining. You can easily learn some basic set up procedures on YouTube or Interact with some experts on X.

IMG Source: https://x.com/OhgeGodwin/status/1889042401689260251?t=C9x26d697SJgk_r-XAvZcw&s=19