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RE: It's July! Time for the #minnowuprising
Id like to learn more about mining, its all greek to me! Maybe i could beg your assistance?
Id like to learn more about mining, its all greek to me! Maybe i could beg your assistance?
Bro, I'm down to tell you everything I know. No need to beg.
Just be warned, it's not a whole lot lol
Can one mine with just a normal less than average computer?
In my experience the last couple days, no. I was super excited to set up my regular no-frills PCs to start mining, but it has proven impossible. I tried the little one with electroneum first. My hardware is incompatible for some reason.
The bigger, more capable computer starts downloading the blockchain and only makes it through a few hundred blocks before it stops loading. Same with Monero. I'm not yet sure exactly what I need, if it's more ram, a better processor, or better internet.
It's gonna take a bit more learning because it seems my larger computer can be made to work, and I'd like for it to work.
I tried the electroneum on all my computers also. And never got it to work.
On these things I always feel like i'm missing the secret decoder ring to make it all makes sense for me!
Definitely. So far it seems a sizable investment in hardware is needed. I recommend checking your local craigslist for a budget gaming computer. It seems that'll be what I turn this machine into.
Word of warning: I'm not sure the ROI on this stuff.
Yes, it is providing a small passive income. I've mined almost 0.02 ETH now, after just over two weeks. That comes out to about $9 at current market price. If we return to the all time high, it'll be worth almost four times that, so that's where the profitability happens. its somewhat of a double gamble. you're investing in a lot of hardware that's expensive even when you get a good deal on it, and you're hoping like hell that the market rebounds.
$20/month isn't bad. It's not insignificant to me, but it will take over a year for each card to pay itself off. And that's not considering the cost of electricity. A market rebound would make the whole operation super exciting.