I'm new to this forum and seriously researching mining cryptocurrency. I'd like to start my first post as a way for people to post a few helpful tips that beginners can see which may help get us started with mining cryptocurrency specifically. I'm sure this has been done many times, but here's another for August 2018. I'll start by posting a few helpful things:
- You will need a crypto wallet for storing currency
- Learn about hash rate, and ROI(return on investment) of your mining rig
- Learn about the necessary hardware to build a mining rig (number of graphics cards / power supply / motherboard / RAM / storage / etc.)
- Research reputable mining pools in order to make mining consistently profitable
I'd like to see what other tips people have. I am currently in the research phase and have yet to even buy any hardware for crypto mining. Right now I'm currently researching what indicates a good altcoin to mine.