[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:


View post   

>> No.27826733 [View]
File: 21 KB, 748x222, a843d46dd688a814828e949829fb594c.png [View same] [iqdb] [saucenao] [google]
27826733

>>27826626
screenshot i took of mining litecoin (i think) for some reason, don't remember why

>> No.27714710 [View]
File: 21 KB, 748x222, a843d46dd688a814828e949829fb594c.png [View same] [iqdb] [saucenao] [google]
27714710

>>27713974
no shit, the problem is that miners don't want to start using pools that have a significantly lower hash rate and thus much slower block finding period, which makes complete sense when they're trying to ensure they pay off their asics and generate income from it

realistically why would you move to a pool that takes 4 days to find a block compared to one that finds them every 10 mins?
>>27714113
like i said it's sha256 so it only mines coins with that algo, which includes bitcoin, i wouldn't recommend it for ONLY mining bitcoin directly, i'd suggest looking into nicehash and prohashing where you can mine sha256 and be paid in altcoins, which would speed up your chance at ROI given the increased volatility and diversification of the earnings you generate

i've mined since 2012, and i'll never stop it because i just find it fun and it helps keep things decentralised, i've personally been contemplating getting a few of those myself just for fun, but if i were you i'd consider:
>do you enjoy contributing to the network of coins?
>do you want to learn more about proof of work and how blockchains work?
>do you mind that it could take many months for ROI depending on market conditions and what you mine?
>do you want to contribute to the decentralisation and remove the chinkjew?

and here's a picture of me mining probably litecoin with my gpu back in 2014 for fun

Navigation
View posts[+24][+48][+96]