Experts advised to mine only the first 20 coins by capitalization. These are the most famous and understandable projects. Altcoins that seem promising now may be blown away tomorrow.
In the long run, mining BTC is more profitable than mining any altcoin.
Remember that mining is still a medium-term investment, which is unlikely to pay off before 2-3 years. It is worth entering the market only if you are ready to wait and soberly assess the risks.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
According to CoinShare, in 2019, mining of the Bitcoin network brought $ 5.8 billion - this is $ 0.4 billion less than in 2018, but $ 2.1 billion more than in 2017.
Such discrepancies in numbers are most likely related to the exchange rate of bitcoins.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
Mining is not the same as it was about 5 years ago. Maybe they’ll come up with something new.
Of course, mining is not the same as 5 years ago, because they constantly come up with something new.
The era of home mining has finally become a thing of the past, but thanks to the transition of Ethereum to the PoS algorithm, it may return again this year. But whether it will be possible to make money on it is a big question.
Getting rich at Bitcoin mining will also become more difficult - the reward for the mined block in the Bitcoin network will be halved and mining will only be profitable with a MTC price of $ 16,000, and so far the coin has little chance of rising to that level.
But, despite all the difficulties, the mining market is alive, developing, and can bring good money.
2018 was a difficult year for miners. The Chinese authorities have outlawed mining, the industry has come under a de facto ban in South Korea.
Then the largest manufacturers of mining equipment - Bitfury, Bitmain, Ebang, Canaan, Genesis Mining, Nvidia, AMD - reported a decrease in demand from miners and a drop in profits, some pools and companies closed.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
I heard that there is hidden mining. What does it mean?
Hidden is called mining, which uses other people's resources, for example, launching mining by employees on corporate servers, or introducing code for mining into viruses and trojans.
There is a very interesting mechanism for hidden mining. I don’t remember exactly everything, but maybe someone will tell.
When installing the torrent client μTorrent (version 3.4.2 build 28913 and later), it is proposed to install an additional program EpicScale, which allows you to use computer resources during idle time for distributed computing. Representatives of μTorrent assure that the EpicScale network is currently used for cryptocurrency mining (without specifying the name), part of the funds received go to finance the company, and part - to charity. According to a number of publications, EpicScale is mining bitcoins. Other publications report mining Litecoin.
Wow! I didn’t know this. But it's like a virus, it turns out.
The most interesting thing here is that a person doesn’t know what actions are happening with his computer, and especially what money is earned there.
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Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control