Hey everyone,
I have been doing alt coin trading for some time now and I think it is finally time for me to build a mining rig but I dont really know where to begin. I have seen a lot of different information online and much of it seems conflicting so I guess I will start out with a few easy questions that Im sure some of you can answer.
1) Not all coins are created equal....By this I am assuming that I cant build just one rig and have it effectively mine any coin I want correct? As fare as I know there is CPU/GPU rigs that can mine most any Scrypt based alt coins like NXT, Doge Lite etc, but not ideal for Bitcoin (which I dont think I want to mine anyways) Could someone shed some light on this? Main coins I would like to mine are, Doge, Etherem, NXT, Dash, Lite, Darkcoin, ripple, peercoin, and a few others.
2) once I figured out the type of rig I'm going to assume it will be some sort of CPU/GPU rig, where can I find a solid current guide to show me how to build one? I have about 3K saved I assume this will be more than enough, and I am also assuming I will be running lunix as well.
3) Is cloud mining really worth it?
4) Can I get some links to sites with good straight forward information, once I build and set up my rig I will wont to figure out what coin to mine first, what one is the most effective and profitable, how easily it is to jump from coin to coin. If I should fly solo or join a pool, and basic things I shouldnt or should do while mining, like dont switch to a new coin untill after you recently mined a block. (IDK if that makes any sense but you get the idea)
Thank for the help I know I prob sound like a total noob here but we all need to start someplace...
Thanks again.