Bitcoin Mining is extremely important, and we're all aware of that especially now with the recent Segwit/BIP91 hardfork/update excitement coming up. A lot of people have freaked out and the price of BTC obviously has reflected that. But it makes you think, why are the miners so important? Are they rich? What about the early first miners? It seems like a lot of people want to go into mining immediately but don't even realize what they're fully getting themselves into.
▶▶▶ The long answer, yes (but I won't write a paper here lol) so in short it's pretty much only for those who are fine with making a couple bucks. You definitely won't get rich and it's tricky
► JUST SUBSCRIBE ALREADY DARN IT lol
I wish Bitcoin mining actually looked as cool as it sounds ;)
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good old days . nice to see that
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Yo, I'm quite a bit older than you, but you totally got me obsessed with all matters darknet and crypto. Good work!
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@avilsd I'm in that same boat, I first learned of the darknet when wired had the piece about the Silkroad in I think 2013 is when they wrote that. I was using Linux, downloaded Tor and check it all out. It's not a place I spent much time. But I like the idea of a borderless market place outside the hand of the government. The point that I'm taking way to long to get to, is that i think to many people you have become the Wall-Street Jounal of the deep web.
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True that
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@avilsd https://steemit.com/steem/@jackfitton/best-way-to-invest-your-hard-earned-cash i just made this can you tell me your thoughs (anyone else that sees this please check it out you wont be sorry)
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Yes looking at the amount of heat bitcoin mining generates, it's certainly not so cool! I think, these days, it's better to do trading and/or investing in cryptocurrencies than mining.
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What do you mean by "heat" exactly?
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Nice one
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It will be worth it only if we had cheap electricity and if we can affored high expensive mining hardware :/
So had to resort to cloud mining lol
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bitcoin mining will always be "worth it"
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Mining needs a good server with high RAM machine or super computers.
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Great post mate ... i will be happy to share with you and with steemians the best 6 steps to invest in digital currencies https://steemit.com/cryptocurrencies/@upbuzz/the-most-successful-6-steps-to-invest-in-digital-currencies
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Very good. Thankyou for sharing @avilsd, help upvote my post.
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Hey man, love your videos and have learned a lot... plus your videos were the first place I heard about Steemit. Thank you for the great content.
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@avilsd I know you said, you were going to make a more detailed OFFSEC video, Back when Ross was taken down, Some linux/bsd Dev were looking to make a linux Distro that was on live thumb drive you could tie to your arm and if anyone grabbed your laptop all you had to do is pull the thumbdrive and it would delete and encrypt everything. i know you can kind of do that will tails but they would have everything loaded into ram. Just something you might want to look into, im not sure if they ever finished it.
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totally worth it if u can get the RIGHT conditions
looking to get hydropower install to power a mining operation in the near future, will post updates here when we do for sure
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It depends on how much Bitcoin goes up I suppose. I guess, it's depends on how much faith you have in Bitcoin going up to make the amount you are mining worth it.
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Yes its pofitable if you know and trust what you are doing dont let these people tell you otherwise
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In truth, most mining operations right now make little to no money straight off the currency. A lot of miners I know personally are mining at a loss with future price increases (profits) in the future in mind. IMO, mining is as much of an investment as buying and holding.
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Excellent post.
I keep one old Antminer S3 running on Solo CKPool. I like to think of it as my "Lottery Ticket".
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Me too Fantastic video Voted and Followed Thankyou for shairing wish you the same:)
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Very cool video I currently have a rig with 4 gpus gtx1060 mining alt coin hopefully some good come from it. Either way the process was what made it worth it. I've learned alot more about crypto and computers while working on the mini project.
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Bitcoin is a time bomb, it can be fall down at sometimes but it will raise like anything within no time.
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Great post!
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well its about time u talk about mining lets see the vid
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finally I get some relevent answer to my question ... " Izit worth to mining BTC in year 2017 ? " ... cant wait for ya opinions on online mining ....
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nice @avilsd
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Thanks for the information ! I feel mining is really hard for newbie like us .
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Looking forward to the topics Genesis and altcoin mining. If my graphics card wouldn't need a bunch of other hardware to operate it, my Ethereum miner would be profitable :)
I'm also interested on your opinion on Cryp Trade Capital and Prism.
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My brother mined over 6000 bytecoin on his computer.
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looks like iceberg of big changes
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This post has been ranked within the top 25 most undervalued posts in the first half of Jul 25. We estimate that this post is undervalued by $25.61 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 25 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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another great post from you avilsd very helpful again upvoted and resteem
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My cousin and I recently started mining bitcoin. Along with some other coins as well.
We expect to break even (all costs and utilities considered within a year).
This is not a get rich quick scheme. This is entirely a side gig and should never be treated as anything more, unless you are one of the lucky few who have mining farms right now...
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