Mining can be very profitable or very brutal. In this pool meeting I give my opinions on what you need to realize about mining and what to look out for.
Thank you for reading my post and please consider following me @brianphobos
Should You Mine Etherium, Monero, Etherium Classic, Any Coin At All?
8 years ago by brianphobos (70)
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Thanks just want to share my experience on mining rig. I am exploring the cost of mining, since i dont know how to mine myself, here are some of the extra fee instead of the gpu and motherboard. 1) you need a plumber such that your place could support the electricity supply. 2) you need someone to build automated program such that it will reset and restart automatically. 3) rental cost, if your home cannot support too many rig, it is better off you rent a place which can.
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I want to know more about this...i am not sure it its available in our country and what connection gig needed?
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Maybe Ethereum :P
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Thanks for the information, keep it up :)
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Thanks for watching!
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Do you have any mining ideas to share with us?
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Like what do you mean by minning ideas.
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Hello I have upvoted you if can upvote my article that would be great Thanks
https://steemit.com/@newmarket65
I will follow you if can follow me
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Hi Brian, I am really new to crypto-currency, as in I don't have any yet and haven't started mining any. But my friend has for a couple of months and he's going to help me get started.
I wonder what you think of the idea of buying mining contracts on eBay? Do you buy mining contracts? Are there any good posts on Steemit you would recommend? Thanks in advance!
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I don't recommend buying any mining contracts. Everytime I have crunched the numbers on them they only make sense if the coins keep increasing in value. When there is a pull back you are already locked into the contract for a long duration.
I wouldn't go out and buy a bunch of hardware at this point. This is 2013 / 2014 all over again. There was a world wide shortage of GPUs. Same thing has happened right now and the difficulty is going exponential on this stuff.
Mining is a really cool thing but you have to be in the right situation to make it work.
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Thanks. I'm enjoying your videos on the topic. I realize I have a huge amount to learn about crypto currencies. It seems vastly complicated. I wouldn't actually buy any equipment. My friend says he uses miners - he's going to explain that to me over lunch sometime.
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It is good to learn as much as possible for sure.
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