Hello,
I configured a few of my computers at home to mine using NiceHash.
I left all 3 computers run for about 12 hours a day over 3 days, and earned about $5 in BitCoin, which nice hash will dump into my GreenAddress.it bitcoin wallet as bitcoin....
I realize GPU/CPU mining is dying and ASIC is the way to go.
I purchased X4 Innosilicon A4 Dominators (was told I might be able to upgrade to A4+
.
My questions
Am I right to say... when I am using NiceHash I am not mining but just getting paid to rent out my processing power?
My greenaddress.it wallet seems to be just bitcoin.. If I learn how to mine will I need seperate wallets for Bitcoin, litecoin, etherium etc?
What is the best way or sites for wallets? Is there anything I should know about wallets?
Will my A4 Dominators mine more than LiteCoin?
Lets say I start making a few hundred dollars a month in BitCoin how can I convert it into dollars? Is there a website?
Lets say I have a Bitcoin, Etherium, & Litecoin wallet will I be able to convert them all into dollars?
Sorry if my questions do not make sense.. I just heard of mining 5 days ago....
hopefully soon I will be able to understand how to use the whattomine...com website
Thanks in advance for your help...