Bitcoin Forum
July 08, 2024, 04:36:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Can ya help a mother out?
lite mining - 9 (64.3%)
NMC mining - 5 (35.7%)
Total Voters: 14

Pages: « 1 [2]  All
  Print  
Author Topic: Mother looking for advice...  (Read 1371 times)
BTCWizard
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
January 10, 2014, 09:13:55 AM
 #21

Sure, I'd say you should let him go for it. It won't be profitable on a laptop and it will likely cost more in electricity than he'll earn in coins, but it will be an educational experience and should play an overall positive in his life. The small negative ROI (I can't imagine it costing more than $10 a month in electricity to mine on a laptop) shouldn't be a that big a deal.

If you or him has the money though, building a real mining rig would probably be a better idea though. This way, it will actually be profitable and he will be able to earn a much more substantial amount of coins.
+1

Nothing to add, just let him mine a bit and if you have spare money, build a rig. There are worse hobbies imaginable a kid can have.  Cheesy
kalus
Sr. Member
****
Offline Offline

Activity: 420
Merit: 263

let's make a deal.


View Profile
January 10, 2014, 10:10:51 AM
 #22

it's not going to hurt anything.  just make sure he goes outside once and a while.  your basement doesn't get enough natural light.

DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
Kenta
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
January 11, 2014, 07:19:46 PM
 #23

I have let my two underage sons mine Molecules respectively on a laptop and a MAC. I think they have been making up to 500 molecules each, every day since Christmas.

On the MAC they had to compile the miner from a guide we found by googling, and they learned a lot from it. Much better than playing computer games all day during the entire Christmas holidays...

I truly believe MOL will become worth real money in the future, given the parameters it has and the situation being not preminted. In addition it hasn't been ruined by being introduced on an exchange too early, and the early-miners/profit-takers factor will hopefully be stabilized before it happens.

The energy costs can be neglected if it's winter where you live and you use electricity to heat up the house anyway.  Roll Eyes

Trade your cryptocoins at: ◣ bleutrade.com ◢◣ C-Cex.com ◢
Duane Vick
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
January 11, 2014, 11:48:44 PM
 #24

I would have him draw up a business plan and let him run it like a real for-profit business. You can let him finance the cost of equipment through you, put a kill-a-watt meter on his computer and let him pay for the electricity he uses, etc. He's young enough to learn to be an entrepreneur without it devastating his lifestyle if the business fails. Who knows, maybe he will enter adulthood as a millionaire.

1FMDNUutcKVTEAph3c8xCvZie7HaCC3xDt If you feel that I've contributed anything worthwhile, please donate.
Panteraswift
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
January 12, 2014, 12:30:54 AM
 #25

I would have him draw up a business plan and let him run it like a real for-profit business. You can let him finance the cost of equipment through you, put a kill-a-watt meter on his computer and let him pay for the electricity he uses, etc. He's young enough to learn to be an entrepreneur without it devastating his lifestyle if the business fails. Who knows, maybe he will enter adulthood as a millionaire.

+1
It will be a great learning experience at many levels.

If you feel I helped:
BTC 1CKwmN5zrrqDLgzmwFgvr1AbqXPSDaRrXp
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!