mining What you have to know about mining

[Dorjoy12 8962]

1 hour ago, George10 said:

Yes this is a great opportunity that yobit exchange has for us in partnership with this forum for advertisements of it's services or offers, I think you can still take part in the cryptotalk theme contest for best post writers and win something there.

@George10 every one pprepare well to make good topic which will be best for the cryptotalk theme contest but recently for the yobit airdrop task its look like everything going to be change as wherever we look, we can see spam and  spam.. And for this spam we are unable to find out the good topic create recently.. Dont know how long it will run though the task will last for one week           

[jermaine05 179]

To mine crypto, profitability must be taken into account and that depends on several factors such as the hash rate, the btc pot reward, mining difficulty, electricity cost, energy consumption, etc.

[Nicole018 4548]

I don't have much idea about mining because I am a new user here. I know more about forums and cryptocurrencies. Through this post I am able to understand that the result link between mining and crypto miners. The uses can also use this platform to enter into transactions and the bi also increase the earnings other than through the creation of good quality content. It's best to try out something new always. You never know sometimes you will end up being good at.

[gourav789 2834]

2 hours ago, George10 said:

Yes this is a great opportunity that yobit exchange has for us in partnership with this forum for advertisements of it's services or offers,I think you can still take part in the cryptotalk theme contest for best post writers and win something there.

@George10 well mate , but I still haven't enough money for purchase digital minner on yobit ( but after 1-2 week I surely going to purchase it ) .

I really haven't too much experience in writing , but I see their is upcoming campaign o( write post on Crypto market ) , surely I will particate in it . because I am in Crypto market from longtime as well having good experience in analysing graph properly .

[Honny143 13612]

@Babubu609 your mining topic really fantastic and your explanation really amazing,  previous I have little bit knowledge in mining but your topic gives lot of information,

yobit also gives the opportunity to became their mining partner through their vmining plan, but unfortunately present I have insufficient balance in my account but I have a plan to buy one mining plan in future.

[yonkii 3205]

This is very nice explanation and I'm very thankful for your post as you have explained everything I need to know about mining but I wanted to ask how are the new Bitcoin mined with this system? You explained a lot about the technical side but this is my main question that I have not understood yet. Miners create new Bitcoin or they are given to them by the system and they can sell them to pay for the electricity and their work?

[sarahmoses202020 251]

On 9/30/2020 at 3:40 PM, Maaz sultan said:

About crypto mining i must says that this is a very big business of crypto currencies in crypto world you can easily start mining and when the first time setup is done you dont need any work go to your job or enjoy while your miner work for you to making crypto coin .

You know what amazes me with mining is the amount of startup you need. Mining is very good considering the fact that it is the only way to get bitcoins. However I am more interested in staking as what is required in mining is too expensive. Not everyone can afford a good mining power but I am sure that everyone can stake.

[cryptovlek 2597]

You can mine Bitcoin only using ASIC equipment today and not with CPU or GPU. There are some mining farms that mine with gpu's Ethereum and other coins but it is not profitable and they are way behind ASIC. These are systems build to mine Bitcoin or other coins that have similar algorythm as the SHA256. So every coin that has this algorithm is better to be mined using ASICs. 

[jfcrypto7 131]

Great topic you have chosen in this post, the information provided by you is very accurate, you have explained very well how the mining process works and what you will have to do in order to to some mining and all the expenses you will have to cover in order to get some profits by mining cryptocurrency.

[Hear80 122]

me encanto la publicacion para uno que recién se integra a este mundo de las criptomonedas, seria muy lindo poder minar y generar sus propios btc.

[Olayadario 20]

Muy bueno este articulo, gracias por la informacion. Mi conocimiento acerca de la mineria es poco pero con esta informacion he aclarado algunas dudas y espero pronto poder invertir en mineria en yobit. 

[Wilfrr 37]

I would like to have a room where I can mine daily with several PCs, mining is really an opportunity that we are given to generate income either passively or actively

[Babubu609 0]

On 10/3/2020 at 12:17 PM, Honny143 said:

unfortunately present I have insufficient balance in my account but I have a plan to buy one mining plan in future.

Same to me here I have planned to participate in this 20btc mining contest but unfortunately I couldn't because I have insufficient balance. Therefore I just participate in theme contest on topic maybe I become among the first five winners.😊

[rekter 8129]

On 10/2/2020 at 9:52 PM, candyguyyy said:

Hi  Can you please suggest  5 -  6 coins much profitable ones to mine ? thanks

Profitability of these coins changes over time, if you want to cash out your profits instantly, you should look at https://whattomine.com/ to see the list of current most profitabe coins. 

 

I personally would mine something i really believe in and something where the difficulty is low enough.

I like to show my support to that coin by mining and i know when the project is good enough, my coins will get more value..

[Rigamer 91]

On 9/30/2020 at 2:41 AM, Babubu609 said:

 

As I said earlier from my previous posts on gambling that I will be coming up with a new topic on mining.

 

Mining: is reffered to a process were all cryptocurrencies transactions are verified and mined to the blockchain.

 

Whenever a cryptocurrency transaction is made on the blockchain, a cryptocurrency miner is responsible for ensuring a Successful transactions . In mining itself has a wide range which also involves competing with other cryptominers to find solution to mathematical problems with hash functions that was associated with a blockchain which contains the almost all the transaction datas.

 

Almost all cryptominers regarding the size of your mining machine they earn small amounts of cryptocurrency of their own after each Successful transactions. Therefore it was difficult for the miners to be competitive with other cryptominers. Note to do mining you need a p.c/ mining computer that is specialized mining. All the way we have a visual mining you can practice on yobit exchange for the contest via the pinned post in green to be among the winners of 10 btc.

You need to get this friends. When going into mining you may experience some Expenses like electricity, internet connection, and also computing hardware that also have great impact to the net revenue generated by cryptocurrency mining machine 24/7 electricity is needed to keep mining.

 

To start mining as a cryptocurrency miner some of this conditions need to be observed/satisfied :

 

1. You most need a computer hardware with a specialized graphical processing unit (GPU). Having this satisfied will help you in your mining

 

 2. You most also need specific integrated circuit (ASIC) should be satisfied.

 

3. sufficient cooling facility should be included.

 

 4. Make sure your mining internet c

Is connected 24/7 to avoid interruption.

 

5. Also try to have alegitimate cryptocurrency mining software package 

 

6. Always be on both in online cryptocurrency exchange as well as in online mining pool.

                                                                           

 

If you are able to get this much satisfied then you will not have problem in your mining. You will always have some earnings on daily transactions depending on numbers of Transactions you made on the block. I have said it before each fee/tax charge from you during transactions goes directly to the Miners wallet. Without the help of miners transactions will take longs and not easily processed. 

As the number if cryptocurrency users are increasing substantially many countries are coming in to cryptoworld there was a lot competitors.

This is the little you knowledge I can share with you about mining.

 

You can also share us some of your knowledge so that we can also learn from you because this forum is just a family that get us together....

 

Thank you all for your responses 🙏

 

 

very good information friend. you are thanked for it. It is a very great help for people who are entering new in this world of cryptos. To increase their knowledge👍

[Omar1234H 148]

Thank you very much for the information friend, did not know about it. It simply took into consideration that it consumed a lot of electricity and with high prices, mining was complicated

[sykes0446 34]

I know that for a mining farm,the first thing you need is start-up capital, the more the more you can earn.

[CoinFree 54]

That it is not for everyone, it is for those who have the possibility of investing in powerful equipment and really have a clear objective to earn coins through this method.

[tienda 8776]

Good topic all things are mentioned on it, is important to know anything about Mining and to avoid so damage and losses, for example is not a good idea using you phone mobile to mine. And about mining with a such machine or computer you need to take in consideration  the cost of your investment like electricity cost, maintenance...etc

[Syedbesharat 5423]

These point are essential key for those who are looking into mining field.

After BTC Bull run 2017 I have contact mining expert for setup which I was thinking very easy for me but it's not what I think because in my country crypto is ban and the electricity is very expensive, also I have to find a good geo place for solar panels, if I go for solar mining setup. But the best one was sugar mill mining setup which can be more beneficial. 

But that was also out of my reach, in last I leave the idea of own mining and move to cloud mining. 

[jorgeDV006 93]

Your post clarifies doubts about crypto mining, you have to make a large investment of money in hardware, software, energy, time and of course have internalized the subject to begin to dedicate yourself to mining.

[khan22 3478]

Mining is the free source of earning and through mining so many peoples will make a great money in the market of crypto. Crypto is a great field where through so many ways we can make money and easily withdraw that. Mining i the best way and 1 time investment in it and regularly our coins will be generated and its selling is also so much easy.

[Joseunda 35]

Mining is not profitable at all in developed countries, but in countries like Venezuela, Bolivia or Argentina it is super profitable due to energy costs and its inflation in their currency

[Froshk 1828]

mining has evolved and is still evolving although on a critique note, I think the mining operation nowadays are more of profit oriented, I don't think being a manner is a voluntary work, it is a way of making money also. 

[Omar Ommeish 4872]

On 10/6/2020 at 10:53 PM, Alejandro01x said:

I see some who highlight the made of that mining consumes a lot of energy, that is true, but it has a solution, solar panels are effective and they are becoming cheaper, this is a very good post introductory to mining, I would like to see one about mining in the cloud.

Many miners use solar panels and wind energy to generate electrical energy, and this helps them greatly to save the money they spend to pay for electric energy.