Quote from: btguydude on December 14, 2015, 09:49:48 AM

Quote from: vlom on December 14, 2015, 09:07:49 AM

Quote from: btguydude on December 14, 2015, 08:59:46 AM

Quote from: vlom on December 14, 2015, 08:38:14 AM

Quote from: btguydude on December 12, 2015, 10:16:06 AM

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?

Not 100% confident, but:

1. As far as I understand blockchain is a database that stores currency data (owner of each block).
2. As far as I understand, mining is kinda like a job that pays coins. They gotta get an owner somehow.
3. Not sure, although I believe that POS makes the coins a lot harder to mine but adds security against attacks of some sort. Don't know more about this one.

Although I think you misunderstood my question: how would one learn anything by mining coins? To me, mining them means mining them. And mining means downloading, configuring and running a program. Then you go to a exchange place, trade them to usable/supported coins or real money and buy a dildo or whatever you wanna buy.

To me learning means opening a page (wiki?) and reading up, or maybe asking on a forum. I really don't see anything to be learned by mining them, that's why I asked what is that learning that everybody's talking about here because maybe I'm wrong.

if you are mining and don't know what is happening when you mine. then you did not learn something thats right.

and yours answers to my questions show me that you can learn something while mining.

mining is more than just downloading a client and type e.g. ./minerd -a cryptonight -o stratum+tcp:// in terminal.