Where can I mine coins?

[KingsDen]

It depends on what coin do you want to mine for me right now i suggest PI NETWORK since this is has a good project for now mainnet for this coin are not yet launch but they already working to it

Good project?
Pi network has been around for 4 years, always coming with a "new project" always promising things and not actually delivering a thing in the end.
It's like the meme coins of promises.
Also, that's not real mining, it's juts getting referrals and opening your app like a faucet

That is not mining as you have said, it's a kind of referral system and opening your app like a faucet. Some years ago I was mining pie as they will call it. But at a point, I discovered that I am being programmed in such a way that I must open pie app everyday. Also my upliner keep pressuring me to mine and invite people. I didn't like people disturbing my peace of mind, I had to uninstall the pie app. Till now, I am not regretting why I uninstalled it.

[Aanuoluwatofunmi]

As a fresher, what is the best app i can use for mining?
This is a question someone asked me, so I think I should shear it hear so I can get some good ideas on that...

Mining of bitcoin is not as easy as that, am not saying this to get you scared, but you need to understand what is involved, you will need to set up a mining rig and this alone has a lot of demands, financial demands, technical demand, energy demands and lots more, if you see anyone inviting you to engage on any other app mining whereby they will reward you for, don't believe them because cloud mining are often scam.

[LogitechMouse]

As a fresher, what is the best app i can use for mining?
This is a question someone asked me, so I think I should shear it hear so I can get some good ideas on that...

If you're referring to an "APP" meaning an android app, I'm afraid you will find anything that's legit.
The last mining app that I remember that was legit was the Electroneum app where you can earn ETN coins simply by mining. That's long gone already.

Mining coins now needs mining equipment, and depending on the country you are living, it can be profitable, or not because electricity costs are a big factor when you're mining. Tell your friend the reality that there isn't any legit mining "APP" right now. If he wants to mine that bad, tell him to buy mining equipment. Now if your friend really wanted to mine, I would suggest following this Youtuber because he had some contents that are related to mining coins.

https://www.youtube.com/@VoskCoin/videos

[albon]

It depends on what coin do you want to mine for me right now i suggest PI NETWORK since this is has a good project for now mainnet for this coin are not yet launch but they already working to it

Good project?
Pi network has been around for 4 years, always coming with a "new project" always promising things and not actually delivering a thing in the end.
It's like the meme coins of promises.
Also, that's not real mining, it's juts getting referrals and opening your app like a faucet

That is not mining as you have said, it's a kind of referral system and opening your app like a faucet. Some years ago I was mining pie as they will call it. But at a point, I discovered that I am being programmed in such a way that I must open pie app everyday. Also my upliner keep pressuring me to mine and invite people. I didn't like people disturbing my peace of mind, I had to uninstall the pie app. Till now, I am not regretting why I uninstalled it.

This year i came to know this system telegram bot mining and referral system is also added here. Many projects are getting into crypto through telegram mining and generating traffic. It is actually a form of generating points and after a certain period of time you can convert them into real coins. Hotcoin telegram mining got hype some time ago and really those who mined there got good profit. But airdrops are now the best way to earn money, so i invite people to work on mining good projects.

[NikeFit_7777]

In Texas, a $2.4 million house for sale, converted into a mining farm - the mansion housed about 80 miners consuming 500 kW, for this purpose two separate power lines were installed.

P.S. Honestly? Shocked by the scale and approach of people who worked on the development + installation of all the equipment. 

Source link: https://x.com/zillowgonewild/status/1802366957343178762

[Stompix]

In Texas, a $2.4 million house for sale, converted into a mining farm -

Trashed a house that was really different and special in that neighborhood and converted it into a warehouse....
What the f* was the point in all this, they could have grabbed for cheap a location outside Dallas or Forth Worth and mine there without spending a ton of money reconfiguring a 5 beds house!

I don't even want to know how many permits he had to get for that gas generator in the pics!

[Gposas]

It is obvious that mining altcoins now is trending on telegram bot. We see different projects like; wormfare, tapswap, hamster Kombat, dotcoin, and all others that are unleashing their token mining on telegram bot, oftentimes called airdrop.
Now the reality is this, are these coin going to succeed?
Are they real?
People often join these mining on a fifty fifty ground, standing on the probability that it may or may not be listed on exchanges. Though some are likely listed after sometimes eg. Pixelverse, this project also based it's mining on telegram bot and it's to be listed on Bybit exchange.
Another aspect is this... Do they even distribute the tokens to your wallet after mining? Cuz after mining, the project may likely be listed on exchanges, but token distribution might probably not be shared amongst all miners.
So my advice is this, you can go into crypto trading and investment rather than mining, but if you want to mine any coin always make sure u get thorough details, all necessary information about it, and always be updated because u are likely to end up wasting all your time if the token doesn't get to the market.

[Stompix]

It is obvious that mining altcoins now is trending on telegram bot. We see different projects like; wormfare, tapswap, hamster Kombat, dotcoin, and all others that are unleashing their token mining on telegram bot, oftentimes called airdrop.
Now the reality is this, are these coin going to succeed?
Are they real?

It's not mining!
These are just coins on an account much like coins in CandyCrushSaga or Wow, there is no mining, there are validated transactions, you do nothing to secure the chain, and there are no real nodes involved.
The best analogy would be faucets!

People often join these mining on a fifty fifty ground, standing on the probability that it may or may not be listed on exchanges. Though some are likely listed after sometimes eg. Pixelverse, this project also based it's mining on telegram bot and it's to be listed on Bybit exchange.

Again, there is no mining. All these devs know there is nothing like that behind it but they are afraid to tell the truth as it would show there isn't even any decentralization behind it. How could you get banned from something in a decentralized system?

[ABCbits]

It is obvious that mining altcoins now is trending on telegram bot. We see different projects like; wormfare, tapswap, hamster Kombat, dotcoin, and all others that are unleashing their token mining on telegram bot, oftentimes called airdrop.
Now the reality is this, are these coin going to succeed?
Are they real?
People often join these mining on a fifty fifty ground, standing on the probability that it may or may not be listed on exchanges. Though some are likely listed after sometimes eg. Pixelverse, this project also based it's mining on telegram bot and it's to be listed on Bybit exchange.
Another aspect is this... Do they even distribute the tokens to your wallet after mining? Cuz after mining, the project may likely be listed on exchanges, but token distribution might probably not be shared amongst all miners.

Aside from what @Stompix said, i wouldn't trust such project if they actually use word "mining" when describing how people can obtain their coin/token. In that case, i think the chance is lower than 50% to be listed on exchange or actually received those coin/token.

So my advice is this, you can go into crypto trading and investment rather than mining, but if you want to mine any coin always make sure u get thorough details, all necessary information about it, and always be updated because u are likely to end up wasting all your time if the token doesn't get to the market.

And learn what does mining actually mean, to avoid project which can't even use proper term.

[Manna]

Maybe you can also specify what kind of coins are you trying to mine, or what device you're mining with. If you're planning on using a phone or a laptop, and hope for a decent profit, I'd suggest you try your luck on the lottery instead (as mentioned above). You said somebody asked you this so I assume you're just trying to see which platform is good that you can recommend to him, but I'd rather tell him to research it on his own, especially if you don't know what kind of device he will use to mine. Just tell him that most cloud mining is scams and if profit is his goal, he'd need to spend a lot of capital to build a decent rig. CMIIW.

From what you mentioned, it sounds like someone asked for advice on a device or platform for mining.  I agree that the success of mining depends on the specific device and required capital in this case.
 Currently, most cloud mining platforms can be scams and profitability is very uncertain.  For those who are serious about mining, a dedicated mining rig needs to be built.  Also, the profit rate also depends on the type of mining that is being done on the basis of proof (Proof of Work or Proof of Stake).  If a recommendation is to be made about a device's specifications or platform, it should ask the user to research it thoroughly on their own.  Because choosing the right platform and device is very important for mining and it depends on many factors, such as: power consumption, hashing power, mining pool fees, etc.

[Vision pro]

Maybe you can also specify what kind of coins are you trying to mine, or what device you're mining with. If you're planning on using a phone or a laptop, and hope for a decent profit, I'd suggest you try your luck on the lottery instead (as mentioned above). You said somebody asked you this so I assume you're just trying to see which platform is good that you can recommend to him, but I'd rather tell him to research it on his own, especially if you don't know what kind of device he will use to mine. Just tell him that most cloud mining is scams and if profit is his goal, he'd need to spend a lot of capital to build a decent rig. CMIIW.

From my little knowledge I can say that if you want to do mining in Bitcoin then you need to get a very expensive setup from where you can mine some bit coins.  And it's almost a lot more expensive.  So I would suggest you to go to trading sites with some capital and start trading slowly.  And in future if you are a big trading man then you can make a lot of profit.

[NotATether]

OK first of all, you need to know that you don't mine coins with an "app" usually. Most coins are mined using ASICs so you don't really have a choice in which software you want to use. Some other coins that use GPUs do have apps for mining with, but usually there are only one or two of them because they are maintained by the project itself or people close to it.

[Stompix]

From my little knowledge I can say that if you want to do mining in Bitcoin then you need to get a very expensive setup from where you can mine some bit coins.  And it's almost a lot more expensive.  So I would suggest you to go to trading sites with some capital and start trading slowly.  And in future if you are a big trading man then you can make a lot of profit.

Why is this myth always mentioned in the discussions?
You don't need "expensive" stuff to mine Bitcoin, even if you were mining with GPU you would still need high-performance cards, same with BTC, you can get ASICs with $1000 per piece, but more important you need cheap electricity.
A guy that has access to 2 cents per kwh and just 2 grand in his pocket will make more money than one with 100k but who can't get anything under 8 cents kWh.

And unlike mining which is a business with clear costs and revenues, trading is risky, you an simply lose everything, and there might be months where you don't make a penny. Comparing mining with trading is like comparing agriculture with gambling.

[Altlover]

The Pi Network has faced criticism and skepticism from various quarters. Some key points to consider:Critics often compare Pi Network to meme coins due to the lack of a clear, functional product or use case. The true value of the Pi coin remains uncertain, especially without a fully functional mainnet or clear economic model.Overall, while Pi Network has generated interest and a large user base, it remains essential to approach it with caution and be aware of its current limitations and the risks involved.
It depends on what coin do you want to mine for me right now i suggest PI NETWORK since this is has a good project for now mainnet for this coin are not yet launch but they already working to it

Good project?
Pi network has been around for 4 years, always coming with a "new project" always promising things and not actually delivering a thing in the end.
It's like the meme coins of promises.
Also, that's not real mining, it's juts getting referrals and opening your app like a faucet

[B.Trader]

Graphics processing is used to mine certain cryptocurrencies like ethereum.

You're absolutely correct! Ethereum did indeed transition from Proof of Work PoW to Proof of Stake (PoS) with the Ethereum Merge in September 2022, effectively ending mining on its network. This shift has been a major milestone in the crypto space, as Ethereum was one of the largest networks utilizing GPU mining.

Ethereum switched to PoS in 2022!!! that's 2 years ago, common, that has been in the news for years, you can't mine Ethereum anymore!
Also, as previously, GPU mining is on its last breath, the number of coins that are mined only with GPU as there is no ASIC for them are so few and the reward is so little it's not even worth taking into account!