Post
Topic
Board Mining (Altcoins)
Re: Should I even consider mining altcoins?
by
vlom
on 14/12/2015, 09:07:49 UTC
A lot of them seem unreliable or even full of ****, sometimes just by checking the site you get a feeling that it's probably some type of fraud going on there...

The reason I'm asking is because some altcoins seem to be quite profitable compared to $6/year from Litecoins on my machine, and that's 24/7, meaning more like $2 a year if I keep it on only while I sleep.

Anyway, I'm just considering to consider altcoins, but fear it may be a waste of time and intense frustration at some point, and having loud fans running loud half a meter away from me isn't that pleasant, while sleeping or otherwise.

Any help is appreciated...

sure start mining.
1. start solo mining.
2. join a pool.
3. mine coins with different algos.

you will learn a lot. this will be your profit.

What is this learning everyone's talking about? I mean, what useful is there to learn from mining coins? Setting up software is self explanatory to me so far, even without GUI.

if you already know how thinks work.

then explain in two sentences how a blockchain works. don't copy it from wiki or some site like that.

1. why can a blockchain be used to replace land charge register? explain this to me in a way that my grandmother can understand it.
2. and whats the point of mining in this?
3. what is the difference between POS and POW?