Anyone else into crypto mining?
Pool mining, NiceHash, BetterHash, Minergate, etc.
Pool mining, NiceHash, BetterHash, Minergate, etc.
Crypto Currency Mining
- Thread starter Chris Grigg
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What is "Crypto Mining" mean?
I haven't tried Crypto mining or bitcoin. My friend said that it is not good to invest in crypto right now because the price per unit is soaring high. But if you have the budget and willing to gamble your money go ahead. Make research first and read reviews there are lots of sites that are scammers. YouTube tutorials are a great way for beginners you can learn a lot from them.
I've never actually tried mining cryptocurrency as I don't have appropriate hardware that I'm willing to spare. It's not really worth it for most coin unless you have very high-end equipment that is intended for mining. That being said, I have invested in a few cryptocurrencies and I am continuing to do so, currently I'm holding Ark and IOTA which I think are the two most promising in terms of future use. IOTA aims to be the primary currency of Internet-of-Things devices, which is a hugely growing market. Ark aims primarily to bridge other blockchains (cryptocurrencies) so that you don't have to go through an exchange, and you can run a smart contract on any blockchain.
If you want to invest in crypto, the most important advice I can give you is do your own research and understand the tech.
If you want to invest in crypto, the most important advice I can give you is do your own research and understand the tech.
Don't invest in a coin if you don't at least understand the purpose as to why it will be useful in the future. After all, that's what will make a coin successful outside of the investment world.
I am highly invested in Litecoin, zCash, and Bitcoin.
I am currently mining with 7 graphics cards:
I am currently mining with 7 graphics cards:
- 2x 1070 ti
- 3x 1060 3gb
- 2x 1080ti
It means mining various crypto currencies with special hardware (ASIC), graphics cards or CPU's.
Anyway, I don't mine. I have no money to invest in mining hardware, and I think it's risky. As a gamer, I most definitely don't appreciate the price hike this has caused. A decent graphics card now costs like 300 €.
