How does mining create value? Make money out of thin air? BBT Straight talk

in cryptocurrency •  7 years ago 

BBT Carter trying to bring a straight talk series to the community just answering some of the basic questions in a conversation format. Simple, straight to the point. In this episode I cover the ECP (equipment, configuration and power), the major components of a mining rig. Most people just look into the hardware, but understanding the configuration (OS/Miner/Wallet/Pool) and the total Power Requirements and cost are vital to a solid mining experience. Additionally understanding what drives value to the currencies helps people understand why some folks would partake in the activity.

Visit at on https://www.bitsbetrippin.io

We are not a fly by night channel, have been serving the space since early 2013!

People that find this valuable, we pay for the equip and production from kind donations from the community. Thanks for your contribution

Paypal: paypal.me/bitsbetrippin

You can donate to any of the address below for the particular cryptocurrency:

Bitcoin = 1QHADdYwmMgVoaYqqY3SE8ummr4euHqzUv
Bitcoin Cash = 1CDtwUUJD8dCxwxSBV8SnZTrLscWVVABN8
Litecoin = LVemKU6GTccpCSaLp4JwXPXbDT1RBbDWbQ
Ethereum = 0xF897EaFdb787AcD4Da5e2EB5003E42dc1Ef86d39
Ethereum Classic = 0x89b455cfd5adb8ba4a69fd6bd082b3d61efe160f
Decred = DsmvWoyCQQaEBAY2xpRS265cTE9vVh7LwHf
CIVIC = 0xe8dd92b0e68037ace83912a705629d9a532973ca
OMG = 0x7b079720767c0b501fa65606bd2580af1c196f49
Sia = 6ce3c1dc8444ce3dc362425124853e0f32e930eaae1dedc6e919a08d8b6664bf71bd744dda24
XMR = 452eu5HWBcTEwQfwkRFHp9MgC39DhtAio5um8mEs6ZRgcyq9V3Gy3GbJfyASSxepSRQRe6SHcQ27xgorYzyZrn6DSVmWvuw

==================================================
Want to join coinbase? Click link below to be like a BOSS
https://www.coinbase.com/join/528aa7ec0ddfbab53f000003
==================================================

visit us at www.bitsbetrippin.com
contact us at [email protected]

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for the video. I hope you also make a video that tells us how to make mining more profitable in the future.

Said this also in your youtube channel but here I have a slight chance I also get an upvote and a few cents

:p

hey BBT-Team

I watched you since december 13' - one quick question: " Which mining software are you using for the Neoscryp Algorithm on NVIDIA Cards?"

Cheers