re: Getting Started With Mining Cryptocurrencies VIEW POST

FULL DISCUSSION
 

Sigh, I bought a ant miner from overseas, didn't receive it for 3months. Was too noisy to run and lost money on sale of item. The cost of electricity and internet speed can factor into 24/7 mining. By the sounds of it you are doing well with it. Personally, I wouldn't touch it with a barge pole as Australia has high electric and shit internet. Sometimes I swear, the almighty gods don't want me to have money

 

Oh yeah buying a mining rig is tempting but probably not profitable unless you are someplace where electricity is dirt cheap or mining some obscure coin and counting your luck.

I'm really not making any profit on it either. I mainly see it as a tool to learn more about crypto. Unless you have a beefy spare machine or can build a rig with relatively low cost forget about profits. You will have better luck just trading on exchanges.

 

You would like this YouTube guy siraj, he talks about using decentralization with crytocurrency erthereum. What I understand by the concept is a the data is more peer to peer reducing bottle necks from major servers like say netflix and then incorporates crytocurrency to pay each user for their contribution to the decentralised network. Why over my head coding wise but you may find it interesting. :)

Nice, will check it out, looks like he has some interesting videos!

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