Until 3 weeks ago, I only ever had known of Bitcoin and Litecoin. Now that I am aware of all these other currencies, I'm excited and a bit overwhelmed. Would you care to submit your favorite cryptocurrency, how to set up a local wallet for it (I'm on Ubuntu and at present I have bitcoin-qt, litecoin-qt, and ppcoin-qt), good faucets, other tips, etc? My knowledge other than how to use wallets and conduct basic transactions is lacking. Also links to various thorough articles on mining, mining rigs, software, various currencies, etc would be appreciated. I'm very enthusiastic about the idea of cryptocurrencies, and I'm hoping that soon I can get a ton of wallets going and learn the differences between various coins.
I saw this link in /bitcoin. Is it possible to mine ppcoins with one of these rigs? According to dustcoin, you could mine about 530 ppcoins per day with 18Gh/s. With ppcoins at $0.20, that is $106 per day. You would make up the price of your rig in about ten days (not accounting for difficulty increases). And with CoinMKT launching soon, it would be easy to cash out (although I haven't done any ppcoin trading, so I don't know how easy it would be to offload that many coins per day). I don't think such a rig is is worth it to mine in bitcoins, as I think the difficult will continue to increase exponentially. What do you guys think will happen to the ppcoin difficulty in the next couple months? Another big risk is the future of ppcoin. By the time you get your mining rig, ppcoin could be dead. EDIT: Forgot to include the group guy at BitcoinTalk, this is where you can get the Avalon rig from.
So I just got into the cryptocurrency game like over a week ago, just ordered the parts for my mining rig that will arrive Tuesday. I plan to invest my extra money in LTC, with it coming to Mt. Gox and how good of a coin it actually is, I see it will continue to rise. But my rig can only get MAYBE 2 LTC a day, if that. I wanna know what to mine, what are peoples opinions on all the other alt coins? Nova was a fail, PPCoin has a bad stigma, FeatherCoin, everyone seems to love it but I see no discussion of it here on Reddit. I know Feathercoin is a clone of LTC, but could we ever see it coming onto like BTC-e or Mt. Gox, everyone seems to love it and it's had no issues! I just wanna mine a coin and have fun but not waste time on like BitCoin lol and LTC will also take too long, I wanna mine coins that wont eventually die :) Thoughts?
I recently started a few cryptocurrency wallets. I even purchased a RasberryPi to create my own little mining rig. I dont intend to get any crazy numbers out of it. Alot of people complain about power concumption with there rigs. Im attempting to make the RasberryPi and the USB Erupters i use solar powered. Adafruit has a decent article on making the RasberryPi solar powered. Im gonna try and make a 1gh/s setup solar power. Its more of a proof of concept then to make any money. Just my new hobby. I currently have a bitcoin, Litecoin and Feathercoin wallet. Possibly gonna add PPcoin to it as well. What you guys think?
Mining with home rigs is back, so here’s what those interested need to know to put together their own rig at home. Continue reading How to build a crypto mining rig in 2020 to earn Bitcoin and Ether Bitcoin’s biggest problem is perhaps not even its massive energy consumption, but the fact most mining facilties in Bitcoin’s network are located in regions (primarily in China) that rely heavily on coal-based power (either directly or for the purpose of load balancing). To put it simply: “coal is fueling Bitcoin” (Stoll, 2019). Shark Mining is a well-regarded company that makes some excellent pre-built mining rigs. Its Shark Mini is a compact rig that comes with four GPUs. The base model comes with AMD RX 570/580, but ... For example, one featured Bitcoin mining rig costs USD $1,767 to build and operate and generates $4.56 in profit per day at current prices. Thus, it would need to run for 387 days to become profitable. Factored into this number are electricity costs. Also, however, is the fact that even after breaking even the rigs will consume electricity. Thus, they will only remain profitable as long as ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team.
How to Build a Crypto MINING Rig in 2021 to EARN Bitcoin ...
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