Great post,
Now that the Bitcoin is high isnt it better to mine something else?
like Ethereum\Monero\ Ripple?
What do you thing?
Great post,
Now that the Bitcoin is high isnt it better to mine something else?
like Ethereum\Monero\ Ripple?
What do you thing?
You can't mine ripple. Ethereum going POS and that profitable is down. Monero cpu but not the most profitable in bulk. If bitcoin is high that means that more money you make!
Doesn't it mean that it will be harder to mine?
That I will need, more electricity and better equipment to mine 1 bitcoin?
If you compare to 1 year ago
Kinda but the more bitcoin rises the more profitable mining is. A 2year mining rig can now make a profit.
If it's helpful, I'm testing out mining Monero on a pretty standard computer now. It sounds like you don't need an expensive rig to be able to mine it at the moment. I'm finding that I've been getting somewhere around .002 XMR per day on a bit of an outdated machine. I plan to post about it after about a month when I have some better metrics but it seems like at the current price it may not be worth it. I'm using a mining pool so if you look at the XMR I'll have mined minus the .008 fee to withdraw and factor in the cost of electricity it looks likely I'll be in the red.
I'm still going to stick this out for 2 main reasons.
can you explain more how do you mine it?
I have some machine that I dont need I might try too
Sorry for the late response galhadas, I decided the easiest option would be to make an entire post on how to mine it. Check it out here: https://steemit.com/monero/@mjo/monero-mining-how-to-estimate-profit-and-configure-a-miner-on-your-pc