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Title: Explain it like i'm five ! Post by: Joker07 on July 29, 2017, 09:30:09 PM Hi,
I'm new in this domain, i wanted to mine from my personal computer, i've tried too many wallets, but none of them start mining, i need an algorithm or something like that , i don't know how to activate it , i've got a code " setgenerate true -1 " that i should copy to my console to start mining but nothing happened. If anyone has some knowledge or some kind of experience, i need help ! Thank you ! Title: Re: Explain it like i'm five ! Post by: WolfGear on July 30, 2017, 01:23:43 AM Just visit this website : https://www.bitcoinmining.com/getting-started/ that website explained how bitcoin mining works and give you some idea about bitcoin mining.
Title: Re: Explain it like i'm five ! Post by: realdeanz on July 30, 2017, 01:01:44 PM you should be aware that it is likely that you wont make any profit at all, if you mine using your PC.
Title: Re: Explain it like i'm five ! Post by: Joker07 on July 30, 2017, 02:38:30 PM you should be aware that it is likely that you wont make any profit at all, if you mine using your PC. Can you walk me through that, i didn't understood why ?Title: Re: Explain it like i'm five ! Post by: tavogi.com on July 30, 2017, 05:02:12 PM Unless you have access to cheap electricity and state of the art hardware, the only way you can make money mining these days is if the coin you are mining appreciates dramatically, in which case you would have been better off just spending the money investing directly in that coin and sitting on it instead of mining.
Title: Re: Explain it like i'm five ! Post by: AnxiousStoner on July 31, 2017, 12:44:35 PM you should be aware that it is likely that you wont make any profit at all, if you mine using your PC. Can you walk me through that, i didn't understood why ?Many thousands of people began mining and then started buying big rigs with graphics cards and all sorts of things to scale their mining operations. One pc will most likely not have the computing power to mine anything as you will be competing with these mining farms. So if you want to mine for profit you must invest into more than just one standard PC The previous poster is saying if you spend $10 a month on electricity running mining on your computer you will get less than $10 in cryptocurrency so you may as well buy $10 of which coin you want to mine rather and save your computer from burning power. When mining your computer will get hot and run at full speed. (If you live in a cold place maybe this is ideal and you can heat your home to offset the money spent on electricity. ) Good luck learning more. |