As a fresher, what is the best app i can use for mining?
As a fresher, what is the best app i can use for mining?
App? 99.9% of apps that claim you can mine coins with it are scams!
The other 0.1% it's fake mining , they will just send you coins daily without actually mining or solving blocks or anything!
They will either make you watch endless ads, steal your keys or install other malware on it or you will end with useless tokens that are not accepted anywhere for your "work".
It's also pretty easy to understand why there won't be any, your smartphone will never be able to compete in terms of hashing power even with a laptop or a standard computer before overheating, a GPU will simply "mine" 1000 times what a smartphone would so why would anyone use a smartphone to mine in the first place and how secure would that chain be?
As a fresher, what is the best app i can use for mining?Coin mining depends on what coin are you mining and there are several ways to mine coins . You can use you laptop devices with graphics processing unit. You can use a hardware call ASICs for mining also. However you can join a mining pool which involves group of people who use their computer power to mine.
This is a question someone asked me, so I think I should shear it hear so I can get some good ideas on that...
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
Graphics processing is used to mine certain cryptocurrencies like ethereum.
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
Graphics processing is used to mine certain cryptocurrencies like ethereum. Because GPUs are more readily available and adaptable than asics, graphics processing is more accessible to individual miners.
Graphics processing is used to mine certain cryptocurrencies like ethereum. Because GPUs are more readily available and adaptable than asics, graphics processing is more accessible to individual miners.
Don't forget few months ago (before market going to bull phase) mining is GPU is barely profitable.
I assume you're looking for convenience, so i'd recommend you NiceHash Quick Miner[1]. I say it's convenient since the software automatically setup and mine most profitable coin, while you still get paid in Bitcoin[2]. The only extra work you need to do are,
1. Calculate whether it's possible to earn profit with your CPU/GPU and electricity rate.
2. Make sure your CPU/GPU isn't running at very high temperature during mining.
[1] https://www.nicehash.com/quick-miner (https://www.nicehash.com/quick-miner)
[2] https://www.nicehash.com/support/mining-help/earnings-and-payments/when-and-how-do-you-get-paid#! (https://www.nicehash.com/support/mining-help/earnings-and-payments/when-and-how-do-you-get-paid#!)
--snip--Are you mining this dude on NiceHash? If yes, how was your experience with the nicehash you provided? I'm just curious, and I want to try it.
Which one should I download that is good?
Where are you mining? because I saw teams mining for gold and silver? Are you here to join this team to be able to mine?
I'm still a bit of a noob in a situation like this. Thank you..
It is terrible suggestion.
1. Pi network doesn't use PoW, which means you can't mine it.
2. Pi network is probable scam where it's mobile application steal your personal data.
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.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
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...
As a fresher, what is the best app i can use for mining?If you're referring to an "APP" meaning an android app, I'm afraid you will find anything that's legit.
This is a question someone asked me, so I think I should shear it hear so I can get some good ideas on that...
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.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.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
In Texas, a $2.4 million house for sale, converted into a mining farm -
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.
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.
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.
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.
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.
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
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!
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.
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.
Mate, whichever way you looked at mining Bitcoin, it is still expensive especially to many members who can't afford these computer gadgets that you mentioned. I am novice in mining but what I have heard about mining Bitcoin and OOW coins is already expensive and the issue of generating
the required electricity is another difficulty and a huge cost in mining.
Generally, mining Bitcoin or any POW coins for instance, is quite expensive in my opinion, and I can't equate mining with Trading because, as a trader, I think that trading is better than mining coins.
If you have no experienced in trading crypto, you are bound to suffer loses but with a wealth of experiences in trading you may, at certain times suffer little loses but not loosing everything thing you had. I am still trading and making profit regularly.
I think what you have just stated here is the same method and techniques that the hamster Kombat season 1 used. They will send you 1 million coins give you free keys all those things were just deceit to keep miners pushing and keep wasting their data for them at the end they came with another strategy that was never disclosed from the beginning cause they never wanted anyone to get something tangible. After giving millions and mining billions they came with a profit per hour when it was already close to the airdrop period, my phobia for airdrops now is to stay away and focus on more profitable things.As a fresher, what is the best app i can use for mining?
App? 99.9% of apps that claim you can mine coins with it are scams!
The other 0.1% it's fake mining , they will just send you coins daily without actually mining or solving blocks or anything!
They will either make you watch endless ads, steal your keys or install other malware on it or you will end with useless tokens that are not accepted anywhere for your "work".
It's also pretty easy to understand why there won't be any, your smartphone will never be able to compete in terms of hashing power even with a laptop or a standard computer before overheating, a GPU will simply "mine" 1000 times what a smartphone would so why would anyone use a smartphone to mine in the first place and how secure would that chain be?