Read Me - Please Help Me Miner Experts
I'm newbie and very scared of the thing like CPU can't mine but a GPU can mine bitcoins. I have a good Computer with i5 CPU but I don't own a GPU yet.
I had learned that Geforce GTX 1070 can mine on Average $1.50-$2 in BTC and more in XMR.
I found that GTX 1070 can make avg. 27MH/s to mine in a youtube video.
Some peoples says BTC or other Croypto's are scam like currencies it will be turned off like it was happened for
LibertyReserve in years ago!
They came to exchange real money with Croypto's and spread their money among us and after years when they will make millions of dollars they will stop it.
I'm really confused what to do now?
Purchasing a GPU with $600 is really hard for me but if it can make real money then I can try taking a GPU with EMI.
CPU and GPU and ASIC can mine BTC, but for CPU and GPU its too slow, mostly GPU miner are not mining BTC directly they are mining alt coin such as ZCash, ETH or XMR since the mining algorithm are more suitable for GPU instead of ASIC, and then you can exchange it to BTC or USD if you want to
purchasing GTX 1070 for GPU mining is not wise choice, since the most efficient in term of cost to profit ratio is AMD Radeon RX 4xx/5xx
turning off crypto currency by central institution such as government is not possible since they need to turn off internet entirely
comparing cryptocurrency to ponzi scheme is weird, since they are not related at all, most importantly you need to understand what is ponzischeme and how cryptocurrency work, my suggestion instead of starting mining, you need to learn more about cryptocurrency first and ponzi scheme