How is it listed on these exchanges before the mainnet launch? Is this like a speculated grey market trading price, at which these orders would be executed after mainnet launch?
These are futures, as was the case with EthereumPOW and many other coins. Miners will receive their coins after the launch of the mainnet. The new project roadmap says that the launch of the mainnet is expected in July 2023. The price of the coin on the exchanges after the launch of the mainnet will fall.
Will mining for Aleo continue after Jan (in any sense)?
We are EXTENDING the incentive period for Testnet 3 Phase 2. ⏰The new end date is January 31 at 2359 UTC. Any leftover credits that have not been distributed by then will be allocated at a later date. https://twitter.com/AleoHQ/status/1618671632649707521?
I am not mining this coin now, but you need to follow the news of this project.
Thanks! I hope we get a more clear picture of whether we can continue mining in any form after 31st since there is a long time to go for mainnet.
How is it listed on these exchanges before the mainnet launch? Is this like a speculated grey market trading price, at which these orders would be executed after mainnet launch?
These are futures, as was the case with EthereumPOW and many other coins. Miners will receive their coins after the launch of the mainnet. The new project roadmap says that the launch of the mainnet is expected in July 2023. The price of the coin on the exchanges after the launch of the mainnet will fall.
Will mining for Aleo continue after Jan (in any sense)?
How is it listed on these exchanges before the mainnet launch? Is this like a speculated grey market trading price, at which these orders would be executed after mainnet launch?
TESTNET 3 UPDATE: 🖥️ 38,373 Provers ⚡️5+ Billion Proofs Per Second This is a tremendous amount of growth and we cant wait to reveal whats next on the road to mainnet 🙌 https://twitter.com/AleoHQ/status/1615494625002758147
Miners say that there are still many test coins available, so the launch of the mainnet may be postponed to a later date.
Yesss! I have been monitoring their official channels as well, and the status of the roadmap for 2023 will supposedly be announced by the team soon. Looks like we have more time to mine :')
what's the point of mining on testnet? also, any info on the coin? cant even find it on google. does it have potential or is it just shitcoin of the month
Many miners do not know how to read instructions and set up equipment, so the service did not have enough time for technical support.
I have leased out servers at https://aleo.zionodes.com/. I started a couple of weeks back when the credits per day were around 1.4, which has reduced with time due to network congestion. I still feel like the profit potential is high for miners in testnet, but waiting for the mainnet launch is just getting stressful now. It all depends on how much the coin will list at. Do you think it could list on Binance directly after launch (like ALICE)?
The basic system requirements for mining Aleo are minimal, but it is worth noting that technical know-how would be required in addition to the system requirements. The following are the system requirements for mining Aleo:
For those looking to learn more about Aleo's profitability potential in testnet3, visit: https://aleo.zionodes.com/
I have never heard of aleo crypto but still I think that You need at least Nvidia GTX 3080 titan that is much more more.powerful and It can generate good Amount of crypto and that could be super Cool If you have more than 3 mining Machines. You can make tons of money from this.
In this case, leasing out servers sounds cheaper and more profitable (especially for short-term gains). The cost of purchasing a card would not only be too high, but the payback period for the same would be longer.
I also do not see a profit yet, but I follow the news about the mining of this coin. I do not believe that when the entire cryptocurrency market falls, this coin will show a big increase in price. If mining is profitable, then I would keep most of the coins for future sales at a higher price.
I don't think the price will sustain at high levels, but, the profit as a 'listing gain' looks high as mentioned by Bitcoin95. Ideally, it should list at extremely high levels, and all miners will probably end up making a lot, and the price would drop a little later cause we are in a bear market.
Unverified information appears that now expensive multi-core processors are not needed to mine this coin. https://t.me/koliamainer/8555 If this is confirmed, then the old mining farms will still earn some money.
Mining after mainnet launch would be safer, but I still feel like the profit potential is massive right now for early adopters (listing gain).
I also do not see a profit yet, but I follow the news about the mining of this coin. I do not believe that when the entire cryptocurrency market falls, this coin will show a big increase in price. If mining is profitable, then I would keep most of the coins for future sales at a higher price.
I don't think the price will sustain at high levels, but, the profit potential is definitely high as a 'listing gain'. It should ideally list at extremely high levels, and all miners will probably end up making a lot, and the price would ideally drop a little later cause we are in a bear market.
Lately it seems that Pi network is growing day by day. Who can touch Bitcoin on the Pi network? Many say that the Pi Network will overtake Bitcoin. I had a bit of a laugh when I heard about the Bitcoin leak. Bitcoin is the number one coin in cryptocurrency. I don't think comparing any coin to Bitcoin is anything but silly. But what is your opinion? If anyone has an idea about pi network, please let me know.
The whole idea behind pi smells fishy. Looks like a scam and nothing more.
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BoardMining
Re: Difference between cloud mining and hosted mining?
Why don't you just buy a miner and run it in your home it would be much safer because you have them physically. Both Cloud mining and hosting have risks cloud mining is most likely a scam while hosted mining is risky unless you know a legit company but right now it's hard to find a legit company that offers cheap Electricity.
So to avoid the risk buy a miner and mine on your own without any 3rd parties but the problem is if you have cheap power because you won't make any profit if you mine with an expensive electricity rate it would be better to invest in bitcoin/altcoin than burning your investment in paying the Electricity bill.
I don't have access to cheap electricity or the time to maintain a miner on my own, which is why I thought I would look into these options... :/ My brother is into hosted mining and from what I have heard he has been making a decent amount of profit. We don't talk anymore so I have no idea where he gets it done from..
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BoardMining
Re: Difference between cloud mining and hosted mining?
Hello there! This is a common question people have before getting into mining. The simplest way to explain this is that cloud mining is cost-efficient, whereas remote (hosted) mining gives you more control. Visit https://www.zionodes.com/blog/cloud-mining-vs-remote-mining-which-one-should-you-choose to learn more about the differences between the two.
Thanks, man! This was quite helpful!
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Topic OP
Difference between cloud mining and hosted mining?
by
buyerfryer
on 14/10/2022, 07:32:49 UTC
I have no idea what the difference between the two is because I am not involved in mining. I directly invest in coins, but I'm curious about the differences between the two in case I decide to start mining.