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mining bitcoin

Started by ADX, January 07, 2017, 09:24:57 PM

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ADX

http://ghash.io/

what does it even mean and is it worth it idk. saw an article on it...from 2014

Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo

u mine for bitcoin when u want to pretend to earn money

antmaster5000


Magyarorszag

January 15, 2017, 01:58:36 AM #3 Last Edit: January 15, 2017, 02:04:49 AM by Tectron
casual bitcoin mining is no longer profitable as it gets exponentially more difficult (computationally expensive) to generate a new bitcoin the more bitcoins are in circulation

most cryptocurrencies operate on the same principle

you'll spend more in electricity and components than you'll ever recover, unless maybe you invest thousands in a dedicated mining server

consider dogecoin

ADX

why dogecoin? i see its value but, idk if itll ever go full bitcoin in value. normies would never use a meme coin

Magyarorszag

i was joking lol

dogecoin is only slightly less of a meme than bitcoin is

generally the best time to mine any cryptocurrency is when it's in its infancy, as that's when it's easiest to mine

unfortunately that's also when it's most volatile and its value is lowest

so you take a gamble on mining an emergent cryptocurrency that looks like it could be promising and hope it pays off

it's like stock market trading

i can't advise you on specific currencies because i don't really keep up with them, but i do know that only a fraction ever actually become significantly valuable

but if you're really interested, maybe pick an established one that's still profitable to mine and test the waters from there

https://www.cryptocompare.com/mining/calculator/
https://coinmarketcap.com/

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