Hi
I am interested in join the rest of the population in mining the Crypto currency.
Has anyone done it?
What would be the best advise you can give me as a newbie with zero computer skills.
Let's pretend you are a teacher who has to teach a kindergarten clsss how to do Crypto currency mining, what would be the best and easy way to do this to someone who has limited computer skills
Thanks in advanced for the advice
Why not
look at your previous posts and tell me how they are good ideas
https://www.ozbargain.com.au/node/342282
https://www.ozbargain.com.au/node/351090
Too much time and effort for a lot of headache and minimal returns.
You would make more money doing salmat aka pamphlet drops around the neighborhood.
Mining is more a hobby than a business investment at the time.
If you want to learn more about money and finance and stuff then mining is the way to go as you will learn those stuff vicariously.
Profit wise I think it is nearly break even or a few tens of dollars a year at best.. difficulty keeps rising and anything can happen like hardware breaks down etc which prolongs your ROI.
What would be the best advise you can give me as a newbie with zero computer skills.
Don't bother, it's too complex.
Let's pretend you are a teacher who has to teach a kindergarten clsss how to do Crypto currency mining
What? Why would kindergarden kids need to even know about crypto?
Ok so mining works on the principle your machine has a certain level of computing power or in mining terms hash rate.. This is your computer's power level.. higher the power level more coins mined. But also usually the more higher the power level the higher the cost to run it because computer's need electricity to run. So if u have access to either free (university, worm, parents place lol), cheap (you live in the states or some place with exceptionally cheap electricity) or excess (unused solar, wind, etc power) electricity or power then it might be possible.. again you need to set it up make sure it is running and do all the financial stuff like selling and protecting your wallet (even more complicated stuff) and tax (capital gains tax etc to the government annually).
It is basically just a mathematical balancing act and if you are able to mine profitability do it.. remember there are many factors going against you like not even mining any coins since it is a gamblers machine ultimately these are all just odds so think lotto scam lol.
So if u r fine with all that then sure go for it and get that extra monays but if u want just a solid easier stream just buy some coins at the next dip or low and just hold it.
Well it's more relevant than 'gender dysphoria' and they have to learn about that… :)
Should I Go into Mining Business?
Worked out OK for Gina Rinehart.
It sure does help if you inherit the business from daddy, tho….
Probably should have stayed out of the TV business though.
If you have to ask if you should go into mining the answer has already presented itself.
I own a Crypto Currency mine in Nigeria. You do not need any computer skills to go mining, simply send me $1mio and I will send you all of the information and computer code you need to make your fortune and retire to the Bahamas.
What would be the best advise you can give me as a newbie with zero computer skills.
Go get some better computer skills first.
Let's pretend you are a teacher who has to teach a kindergarten clsss how to do Crypto currency mining, what would be the best and easy way to do this to someone who has limited computer skills
Sock puppets.
i really like your name
you make some terrible posts.
The fact you had to ask, no.
its a good idea, anyone can do it. you know even youtube ads have crypto mining built in now? it makes it very easy
you just need to go to bitcoin.com and make a wallet, then leave youtube open in a browser
get expensive gpus, they will mine it faster and you make more $$$ i mean ฿฿฿
sometimes i even mine on my phone lol but it drains the battery
The same way if you said: Let's pretend you are a teacher who has to teach a kindergarten clsss how to do brain surgery, what would be the best and easy way to do this to someone who has limited first aid skills.
If you’re not already proficient in computers, and can atleast #1 protect your crypto currency (and investment really) - I wouldn’t even bother. Let alone, this is a gamble for the 99;999% rather than a career. Lots have been lucky/have made a lot of money, but more have lost more then they could afford to.
Judging by your previous posts, if you are looking for a career change - there’s no magical, easy, get rich scheme. Put your skills you’ve used in whatever you work in at the moment elsewhere, or go back to tafe/university.
Yep, buy shares in BHP?
simple answer,
no
long answer,
no