Community post
Mining for Noobs. Simple and Elegant
If you are also trying to get on the bitcoin hype and looking to /how to mine. Read along ...
To know a little bit on blockchain technology and what its all about watch this video
https://www.youtube.com/watch?v=_160oMzblY8
First and foremost..
Get yourself a wallet!!
- Jaxx is a pretty good wallet which supports most of the major coins.
- Metamask this is also a good one which supports ETH and tokens based on ETH blockchain
Check out these mining profitability calculators to see which ones the best for you based on your processing power.This is good if you know how much hashes you can get out of your computer and the power consumption
Fair warning if you don't have a GPU card don't bother mining ETH or BTC
Well if you do have a good GPU and want to start mining may I suggest Minergate
Simple and with options to mine a variety of coins. This will also give you the hash power of your system, so you can use that in the above calculators to see when you will be RICH!!!
My review of Minergate coming up soon!!
Cloud Mining
If you are like me and you do not have a good GPU at least 2GB(2 GB is kind of on the lower end of the hashes spectrum now), and dont plan on buying a GPU just for this then cloud mining is the thing for you. As the difficulties increase which it will, your current GPU might become obsolete and will have to upgrade them.
Cryptocompare has a list of companies offering cloud contracts and some of them have life time contract starting as low as 25$on bitcoin.
I have got a contact on Genisis mining for 0.25 th/s and I did start receiving BTC after a few days even though it was too small, have to wait for a week to actually get a payout{the website seems to be down at the time of writing this, will keep you posted }.
Resteam, upvote and comment ...
(https://steemitimages.com/DQmTtLdauAkq6h7s2nTaEtd6pCSSFb2W1RZ42mDm853RJz4/image.png)
Do your good deed for today
ETH: 0x17035db82896435785cb9a4cea41b1529d8a1c7f
BTC: 1LLweyc4SHSQcs56C78i12c1fkKZN7Lw3n
LTC: LhHRGYjPhY59DG3JAwjDz3JdobZrnUX1wm
Replies (11)
Mining ETH and BTC is freaking difficult now.
Not to mention that the profits have to go back into the mining rig by way of new GPU cards to work on the higher hash rates.
I would imagine that most of what you make goes back into buying equipment.
I know right!! but still I thing if you have a 4GB GPU it is kind of ok... Cloud mining is the easiest I guess as of now
Most cloud mining companies are scam. Can't even recommend any at the moment :)
That's the issue with today's attempt at mining BTC and Eth
There's that human factor that crypto was invented to address - trust...
We will get there
trueflip.io
For free BITcoin lottery ticket!!
Dnt forget to confirm your email id!
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STOPI joined Genesis mining few weeks back and I must say that this is not a scam! They have been making payout regularly.
Even though it small amount. I
if you are planing to join use HwgPzU code and get 3% discount
Ok. If I get round to doing that I'll remember this. Thanks