RE: Giga-Watt.com Mining First Steps

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Giga-Watt.com Mining First Steps

in cryptocurrency •  8 years ago 

Right now is not a good time to mine. Likely they will not be able to sell you a miner because GPUs are completely sold out.

You are better advised to just buy into the currency you would like.

As far as I know only ASIC miners are available and you need a number of those to get BTC or LTC. ASIC does not work for ETH.

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From what i know they have L3+ miners available right now. They are asking to send the payment to a bank account in Singapore and this got me scared a bit. So this is why i got here, to check if anyone got through all this process and if everything worked fine. I am a bit afraid to send couple thousand dollars somewhere in Singapore and to get scammed. I don't believe anyone can afford to throw away 1k dollars or more.
Well from the power those miners offer it seems to make some sense. At least those cryptomining calculators show that.
Thank you for your opinion bruckdashel

I wouldn't even touch it. The bank account this sends up the biggest red flag of them all.

Yes, here is where my doubts coming from. Singapore Bank account.