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Title: For the persons interested into learning more about Bitcoin Mining Post by: digitalise3 on January 13, 2020, 07:03:01 PM They exist many Crypto Currency Coins available for Mining, not only the Bitcoin BTC those are called "AltCoins", It is always a good start to see how the market have moved since the last information you got as it change every seconds, some coins pay a lot more some days, and other pay more other days, there's a lot of variation, and that is what making it hard to estimate your potential revenue. Read the entire articles at https://mrichard333.com/What-to-consider-before-starting-Bitcoin-Mining-2020 Also available in French at https://mrichard333.com/fr/Comment-Fonctionne-le-Bitcoin-Mining I hope that this article will help the community to learn more! There tools to estimate the cost and potential profits 8) https://MRichard333.com Have a great day! :) Title: Re: For the persons interested into learning more about Bitcoin Mining Post by: franky1 on January 14, 2020, 12:52:27 AM you do know its 2020 and not 2012 right?
pretty much the very first paragraph has lots of flaws here: "When we are proceeding to what we call "Bitcoin Mining" The GPU are using there MHz powers to Create the Hash and process data of the Bitcoin User's transactions, this is a resource intensive task, while the Hashing process is happening, your GPU will most likely run at 99% but you always have the options of ajusting the Bitrate. You are paid for every transaction hashed!" 1. bitcoin mining is not even GPU anymore. you wont earn a single satoshi that way 2. you are not paid per transaction. even empty blocks give the same reward as a full block. and the transaction fee changes. yep some transactions get in for free. so your not 100% guaranteed a 'bonus' from fee's. next you say: "Bitcoin Mining only require 5 things 1 - GPU Card 2 - Crypto Coin Wallet 3 - Mining Program 4 - Electricity 5 - Internet Everyone can Mine, but not everyone can make Money." 1.no. 2.no 3.no here is the better option 1. sha256 ASIC 2. bitcoin address 3. electric 4. internet .. next paragraph 'key hashing'... seriously... bitcoin mining has nothing to do with hashing keys. .. sorry i giving up. i think you need a complete re-write and come uptodate by about 7-11 years |