How to mine cryptocurrency reddit ex. Go to CryptoCurrency r/CryptoCurrency • by Phillip1219 Bronze View community ranking In the Top 1% of largest communities on Reddit. XMR/Raptoreum/Wownero - CPU mining. Again, we get it, web browser mining is slow and terrible and a waste of power. Though take in to consideration things like cost of power, if you live in a place with a flat rate energy bill or very cheap, id say it'll be worth getting a small rig together and then leave it These cryptos have underrated advancements that could easily go up by one billion percent over the next year. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Which type of crypto to invest in, how to trade, etc Does anybody have any pointers or can direct me to a YouTube that teaches how to best invest in crypto and what will yield the best outcome? People think that Day Traders as myself stare at the charts 24/7 when in reality that’s just not the case. Miners carry out this process. 6. However, even if you have the latest CPU and GPU expect earnings like $0. Eg one rig on mint consists of 7 x 3070 GPUs running 24/4 makes roughly $2 per day on fee power. Kaspa is a cryptocurrency based on the GHOSTDAG protocol, which is a generalization of the Nakamoto consensus. Buy the stuff you want to mine with the money/coins you intend to pay for cloud mining. For example, mine monero and get paid in stellar, or litecoin, or whatever (not Shilling anything specific). Garlicoin started out as a garlic bread reddit meme coin, but after falling to the wayside it has massive upward potential. The leading community for cryptocurrency news, discussion, then that probably means there are some mining farms that have been adding this to machines that can mine and run this. No matter which method you choose, you should pick a reliable wallet Imagine that you have a machine that mines crypto coins. 01kwh, we can run our miner for 1162 hours in the year . Cheap electricity is also preferable. You can actually play some less intensive games as well. Chengdiao Fan. tldr; It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of. Bitcoin has been going up for some time and if it continues I can pay off the cost of renting AWS using the mining profit. New comments cannot be posted. true. This is the Reddit community-run sub for the Pi Network cryptocurrency project started by the team of Computer scientist Dr. r/CryptoCurrency • Dear Reddit, I have spent a year working on a tool to help make Reddit Collectible Avatars easily accessible for everyone. When you purchase cryptocurrency [crypto], you have purchased the ownership of a token that exists on the ‘blockchain’. In that time, HNT hit its peak, and now is under my initial buy-in price; just days after receiving my miner. check out whattomine. Ty in advance Welcome to r/scams. The funny thing is I have 40GB of ram. This is an educational subreddit focused on scams. Eth is usually the most profitable. Instead of mining by crunching arbitrary calculations, as with bitcoin, FoldingCoin uses your home computer to run protein fold simulations to help scientists fight diseases such as Alzheimer's and Parkinson's disease. Casinos. The much wow innovative crypto-currency. Learn how to get started mining your favorite cryptocurrency and how to determine the costs you'll incur to do so. It also breaks down how to mine cryptocurrency in 2024, the different ways to get into mining, as well as the pros and cons of doing so. I recall having to install mining software, sync data with the internet, and then run another software to mine BTC. Don't know what to mine? Look no further! Easiest way I've been checking out some smaller mining machines and rigs that don't cost a lot of money, so I've wondered for a while now, is it worth getting into mining or is it best to just buy and resell? Cryptocurrency mining validates transactions and adds new blocks to a proof-of-work (PoW) blockchain network, such as Bitcoin. r/CryptoCurrency • Reddit to Discontinue Community Points Citing Scalability and Regulatory Today I learnt: That one can mine for cryptocurrency from your smartphone The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Community and development: It's important to choose a cryptocurrency that has a strong community and active development team. Let's say a block contains 100 of these 50 There are a few different methods when learning how to mine cryptocurrency, including cloud mining, CPU mining, GPU mining, and ASIC mining. Use the report link to report any suspicious private message to Reddit. Quite simply put; it’s a value associated with a digital coin, or token. So I don't have the best computer in the world. Share But seriously, there's a reason China outlawed mining but still allows the sale of mining equipment. Gostaríamos de exibir a descriçãoaqui, mas o site que você está não nos permite. It's my personal computer so I need it for my self . Locked post. With its ability to analyze vast amounts of data quickly and accurately, AI can help us make more informed decisions and potentially identify profitable opportunities in the rapidly-evolving world of cryptocurrency. When I posted this question, everyone said that it is better to buy BTC than to mine it. The online profitability calculators for this miner put the profit at £1. Vertcoin is the easiest crypto to mine. The risk of damaging for mining some bucks may not worth it. You've taken the 1st step into the vast world of Cryptocurrency! Despite the market crash in the last few weeks, I am HODL-ing and DCA-ing into the dips to average out my positions in crypto. but you can get started on hiveon with no fee, fairly straightforward if you just have one computer Another thing, if you're going to mine cryptocurrency using a place only dedicated for this business, you HAVE to register this place, whether it's an office, apt. It briefly launched on April 8, but was super bugged (people could mine or buy, but not sell the token :0) so it's delayed for some future date. It has a GeForce 840M. it depends on how much your electricity costs how fast your hardware is and how efficiently its running and then finally it comes down to luck as you then need to find shares if you mine in a pool or you need to find a block if you are solo mining. Cryptojacking is the unauthorized use of someone else’s computer to mine cryptocurrency. Discover the best mining hardware, software and techniques to maximize your crypto earnings. Here’s what you can do to stop it. The fist question is if it is worth to mine with them and the second one is which software should I use to mine or if I should join a mining pool (p. CARDANO_ELI5 We have an 'explain like I'm five' subreddit for newbie questions (how to buy, how staking works, fees etc). Welcome to r/cloudmining! This forum is to discuss **LEGITIMATE** cryptocurrency cloud mining services. More posts you may like. If you are looking for a large Thai only speaking community we recommend /r/thaithai Hope you enjoy the sub. Miners compete wit Learn how to mine crypto with our comprehensive guide. People who already have wealth via other means invest in hardware and electricity to mine the coin. 9 ATH: $4. After ten years there, I'm not sure if I care if I get fired for it as I'm going to refuse returning to the office whenever that is. Artificial intelligence (AI) has the potential to revolutionize the way we research and invest in crypto projects. I have this old hand-me-down laptop that I don't really need and that I've been using to mess around mostly. the leading cryptocurrency derived from Bitcoin. Lets say I would want to mine "cumstar" shitcoun, how would I do it? There are no guides online. I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$20 per day deposited into my BTC wallet the more you invest the more you make, you can upgrade your NFT by 2 ways you can upgrade your TH, which is the power your miner I've paid 1024€ for this notebook So would need to mine non-stop 24/7 for 379 days. Earning block rewards is much harder when you're mining alone. You don’t really mine to yourself but hire out your hashrate on their marketplace. Technically, mining the Bitcoin can be done for free, as the software has no cost associated with it. I had an epiphany in my last class- Use the schools server to mine Crypto! All the students hate the AIO’s that the school bought since they are incredibly slow(I think it has something to do with Profile Allocation but, I’ll get back to that later). You can mine it in the background on a gaming rig and still be able to browse and do other tasks on your pc. ASIC miners are high end expensive equipment. Hello fellow crypto investors! I'm curious about how do you mine coins, which coins do you mine and how much can you make a day. Yea if its a laptop it probably isnt worth your time the heat alone could damage your laptop. So far I started with a software called minerstat, which mines etherum on ethermine. co. 000GH/s, so you're expected to mine a block roughly once every 432 years. I don't know where you live and how much you pay for electricity but you might have only few months of mining ETH left, after that you will have to mine other coins. I have a lot of old phones. r/Monero • Libertarian I'm sure the community has other recommendations (or might think mine are crap) you decide for yourself. You "mine" and receive your coins directly in the asset of your choice. No ICO, no pre-mine, fair launched community-driven project, a Nakamoto philosophy heir. We can debate the merits and risks of cryptocurrency and mining, but selling the machines (esp to other countries) is inarguably profitable business. Anything else that is deemed scammy will be removed. Certain website mines using your CPU to mine cryptocurrency if you dont use adblocker. I'm not an insider, so I don't know the current testing status. It is extremely important to use a reliable and safe cryptocurrency exchange. The money for setting up a cryptocurrency mining operation comes from the same place any investment comes from, capital. This sub-reddit is an english language friendly discussion forum focusing on life for living in Bangkok, as well as any other Bangkok related content. Costs are electricity, heat removal/ventilation, and obviously hardware. But it was a fun experiment and my house didn't got burned. Mine your favorite non-mineable crypto assets! Our automated system takes care of all the exchanging and transferring, to deliver a seamless experience for PoW miners. PROJECT CATALYST Participate! Create, propose and VOTE on projects to be built on Cardano! DAILY THREAD For market/trading, off topic discussions and questions etc. 5 years in the crypto space my mentality changed too' I am mining and never stoping my asics even during the bear market It's important to consider the cost of electricity in your area when choosing a cryptocurrency to mine. ETC - GPU mining, you can use a Jasminer to mine. Garlic Gold is the future, I'm personally putting 30% of my very large, almost whale-like portfolio into GRLC. com to make sure you'll be making profit and how In an attempt to cut down on the amount of basic questions to start mining, here are a few resources to help those that are new. There are two ways to mine. You can use a one-click miner or mine directly to a pool. To start mining crypto, get suitable hardware, select a cryptocurrency, download mining software, and choose a solo or pool mining method. 000. These are powerful computer hardware to solve complex mathematical equations and earn cryptocurrency units as compensation. Does anyone have any tips on how to begin investing and trading cryptocurrency? I really want to give this a shot but don’t know how to start. But since the equations are really complicated, it takes a lot of electricity for the computer to run and the miners get paid a little percentage of whatever they mine. The right approach is to only sell enough to pay your electricity bill and hold the remaining until you get a good price. nicehash sells your hashrate, so you’re not actually “mining” but everyone on here still recommends it as “mining software”. However, you can mine other coins and get a pay out in BTC. Members Online [Help] I I am new to mining cryptocurrencies with nice hash and I was wondering if there was a way for me to mine Ethereum with nice hash. pros will tell you to run the mining program via command prompt and to join smaller pools to aid decentralization. Skip to main content. Profit is therefore a bit lower but not by much. With that being said, I Hi, I'm not an expert as you can see for the title, so please be kind. I figured I might as well use it to mine some crypto since it's more powerful than my cheap laptop and I can always stop if they catch on and have a problem. Related Topics Bitcoin Crypto comments sorted by Best Top New Controversial Q&A Add a Comment. It's possible to mine cryptocurrency on your own, but that's rarely a good approach. Personally I trade basic support and resistance with trendlines and RSI being used as confluence to execute my trades. There are many different ways of keeping it safe. I am a bot, and this action was performed Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and If anyone could suggest a good alt coin that is profitable to mine at the moment with my current setup I would really appreciate it! Also i’m a bit of a noob in the crypto space and especially in mining, so if you could also explain how to get things set up that would also be very much appreciated, thank you! My idea of profitable is that all of the additional equipment that I would need to purchase would pay itself off within a year. Litecoin is developed with a focus on speed, The most amazing place on reddit! A subreddit for sharing, discussing, Just made like 15 $ with months of mining,was only for fun because I already have some solar panel and some pc but if you have to pay energy there's no point in my country (maybe if you live in a country with low energy price) to do that,you'll pay so more the electricity bill that what you get (offcourse in the actual price of monero). Official Reddit of UnMineable. If I’m just looking for 45 cents worth of coin X it could be a round about way of getting it sure it’ll take a week but that’s my problem. I'm new to cryptocurrency and turned to YouTube to learn more. I've been passively educated about crypto from the sidelines, so I'm not completely clueless on the fundamentals. I'm letting it run a game now from time to time but I might as well mine with it 11 votes, 28 comments. I already have a new phone but I'd like to keep using the Nexus for something so that it will bootloop eventually. I hope that this small little guide will help you get started in investing in Crypto, and hopefully changes your life somehow in near future - like how it changed mine! To give an example, an RTX 4090 seems to have a hash rate of about 22GH/s. This will help ensure the cryptocurrency's long-term viability and potential for growth. the whole idea was to let you think how much AISCs do you need to mine 1 bitcoin the profitability chart varies according to the difficulty adjustment increase or decrease there is no specific amount on how much asics do you need to mine bitcoin. View community ranking In the Top 5% of largest communities on Reddit. For that reason, most miners opt for mining pools. 18 an hour if you have free energy. It is really easy to use and the rewards are instatly sent to the wallet address you provide. Hope this helps you a Easiest way to mine is just to use nicehash, look it up. There are some crypto You have successfully tagged the parent submission by the title of "Everything You Need To Know About CryptoCurrency: For Beginners" with EDUCATIONAL flair. You can use a laptop to mine. They don’t actually go out and dig for valuable rocks like real miners, but it’s a clever analogy to describe the obtaining of monetary value. Welcome to r/IOTA! -- IOTA is a scalable, decentralized, feeless, modular, open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. don't mine bitcoin with gpus. Their aim is to produce a cryptocurrency called Pi and an ecosystem in which to use it. I mainly run linux as it's all that can be run on my computer. Most people mine eth, but I mine eth classic and raven coin. plus for me as a 3. Nicolas Kokkalis and his wife, Dr. I live in a country where even a dollar a day could make a big difference Gostaríamos de exibir a descriçãoaqui, mas o site que você está não nos permite. Does mining with a phone actually work? I don't care so much if it's efficient. Keeping your cryptocurrency safe is crucial, as losing it can be a devastating experience. From hardware wallets to paper wallets or software wallets what are in your opinion the safest ways to store your crypto, and what steps can you take to ensure that your investment remains secure? You would need atleast 1 gpu that is capable of mining the coin you want to mine, Or you would need an asic miner. Is there a cryptocurrency that uses RAM to mine? Newbie to mining here, I have a laptop with RTX3060, I decided to leave it on at night to mine crypto since electricity is cheap and wanted to see if it can be profitable. But there's no guarantee - you could be trying for 2000 years and never mine one, or you could mine one on your first day. But instead of buying them with money I should be able to mine them, or? This way I would pay with my electricity power and do not have to trust my credit card information to sites, which I dont trust. solo mining requires massive amounts of What crypto should I mine (I believe Etherum and bitcoin aren’t great options for a single pc am I wrong?) Please some Reddit genius help me I’m starting to build a real passion on this after a lot of research. I entered cryptocurrency after the huge dip in 2022. Would that be realistic with any cryptocurrency at this point? Thanks in advance for your insight! EDIT: As expected, mining on a Pi is not really profitable, probably never was on any currencies worth mentioning. Your interest and involvement in this endeavor would mean a great deal to me and the RCA community at large. Impossible to calculate without knowing what your mining with. This thread is archived New comments cannot be posted and votes cannot be cast A few years ago I decided that since I used Reddit a lot, I would turn off my adblockers for Reddit. One interesting cryptocurrency that requires little effort to mine and is accessible with low-cost computing power is FoldingCoin (FLDC). Several large exchanges have been hacked, gone bankrupt, or rug pulled their users' money in the I've seen more and more separate questions about how to do anything with your Moons or NFTs from Reddit. So I thought of making a how to GUIDE! In this guide, step by step you learn to backup your reddit vault, setup your Metamask, access your reddit NFT, access your moons and hopefully you will get more interesting insights. Otherwise, you'd get in trouble. reddit is biased. Have you ever asked yourself: if the rented hash rate is worth its money, why does it get lent in the first place? Why does the hash device owner not mine instead of lending it? Renting mining hardware isn't worth it at best and a scam at worst. I’m eager to “own” my own cryptocurrency and will take the time, effort, and care in order to achieve this long time dream of mine. This one is a website where you can earn the CryptoCurrency Nano by completing a few tasks such as watching videos or using faucets. How to Mine Bitcoin: Beginner's Guide (2021) decrypt. If you have a gaming gpu from 2016 or later it’s worth it. The basics of cryptocurrency mining. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. The Bitcoin network has a total hash rate of about 500. Is Crypto Mining Worth Getting Then either mine Eth with the 580 or do something like folding@home with old pcs. So my question is, how do I get started on mining? Dude, you're on reddit asking for advice on how to setup a $10m+ operation. If you have a gaming PC you already have a machine reasonably capable of mining. I guess those YouTubers How would you mine it? I have a Nexus 5X, known for boot loops. This type of stuff is logistically challenging and setting up the miners is going to be the least of your problems. VTC is a litecoin fork that uses PoW for consensus. This comment is peak r/CryptoCurrency. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. Cool with it overall, but feel like I would've just invested the $450 in HNT if I'd known it would take until there is no point (if even possible) to mine Bitcoin with your CPU or GPU. Many YouTubers claim to make $1,500 a month mining Bitcoin and altcoins. Like the title says, I will create my own cryptocurrency. Miners play a vital role in validating transactions, maintaining network security, creating new blocks, and The miner controls the last two 50 digit numbers, a transaction that pays them for being the miner of the block, and a custom number they choose. 9M subscribers in the CryptoCurrency community. Cryptocurrency is a currency similar to any other that you have used or heard of. Cryptojacking definition. 1 Without proper precautions, your cryptocurrency can be vulnerable to theft, hacking, and other security breaches. So this may not be really profitable or may be depending on your take. I’m doing this for bragging rights more than anything. The mining calculators only show the daily basis of the reward on the last block multiple by the block time divided by the hashrate, but actually the hashrate could be down -50% for the last week and still shows you same digits as profit but Criminals are using ransomware-like tactics and poisoned websites to get your employees’ computers to mine cryptocurrencies. It is aiming to be the fastest pure proof-of-work coin. Things to beware of when doing your own research: -never give away information about your crypto wallets or keys to anyone, ever. We’ll talk about the specific types of machines later on in the tutorial, but for the example’s sake, let’s just say that it’s your personal computer and you’re trying to figure To start mining crypto, get suitable hardware, select a cryptocurrency, download mining software, and choose a solo or pool mining method. Which currency to mine depends on the equipment you have. Roller Coin- Game where you mine crypto (game, not actual mining) Crypto Kitties- Breed and collect kitten game Brave Frontier Heroes. -Backup Your Wallet: Backup your wallet and store it in a secure location. 20 per day. Reputable and Secure Exchange. But what if we mine Bitcoin with our miner? With 3500 kwh to play with and a consumption of 3. Gotta mine your own! Alternatively you can P2P from If you receive private messages, be extremely careful. At the same time, after hanging around here for a while, I've seen a lot of other coins being talked about in this sub like ADA, MATIC, XRP, ALGO, ATOM, DOT, DOGE, CRO and not to forget How to mine cryptocurrency in 2017??? Just bought a Gtx 960 last month and for the past few weeks ive been hearing about this "Etheruem mining" where you can earn money if you have good hardware. Here is another good Reddit post with many games listed, and another. . Hello all, im f@h with 3 old core duo pc at work but bannano seems pretty low payout, so the question is what is the best and profitable coin to mine? Is bannano best? Is monero maybe? Eth? I'll mine at work so not electricity cost for me. Majority of crypto YouTubers are just promoting pump & dumps, rugpulls or meme coins. Took 8 months for mine to arrive. it's a waste of time. I mainly use it for running virtual machines, But I really love crypto and want to utilize my excessive amount of ram to mine crypto. whatever as a business, Do NOT register it as personal. Here's a simple guide on how to safely store your cryptocurrency: -Choose a Secure Wallet: Choose a hardware wallet for maximum security. I love crypto, but let’s be honest with ourselves, producing/running something with cheap, „dirty“ electricity purely for your own profit is exactly what literally every company and every rich **** on this planet does, and I’m sure u complain about that once in a while. Current Price: $0. Don't put all your eggs in one basket; invest in high quality cryptocurrency projects I will explain each point in the sections that follow. I know that it's impossible to mine btc, eth using a laptop as we are not in 2013, but with all the new projects that are appearing I wonder how can I repurpose an old laptop to mine new coins that needs support to help make transactions, and potentially get some coins in the long run. Need your guidance. ethereum and ravencoin are your most profitable options right now. If anyone else wants learn more about using the AutoMod to Gostaríamos de exibir a descriçãoaqui, mas o site que você está não nos permite. Mining cryptocurrency can be intimidating at first but once you understand how it works it is very easy. Looking ahead to today, I'm interested in mining BTC on my PC just for fun. Thank you for helping out the mod team. I present to you RCAX: the Reddit Collectible Avatars eXplorer. I'm trying to mine a cryptocurrency and believe in the future of litecoin. In your case I would mine only if the calculations allow it and you need to get in tune with the cycles of the specific coin you mine. Binance mining pool) and the final one is if it is secure to mine on those computers in terms of shortening their life. Becoming familiar with the mining process is a key factor when you're Mining options include solo mining for autonomy, pool mining for stable rewards, and cloud mining for accessibility. GETTING STARTED Start here if you're new to the community. Creator is adamscochran. You will have to decide which GPUs you want to buy as Nvidia cards are better than Radeon cards to mine other coins. But its a coin, so this means it should be minable? Hi this is a newb question. I know the cost of electricity may outweigh what I can earn, but I simply want to revisit the experience. I'm relatively new, so I buy a lot of BTC and ETH, because I know these two are the big ones which are very likely to be safe investments. Thus, is it legal to do How to Mine Cryptocurrency for Noobs (July 2021) Checking GPU and Coin Profitability.