How to Start DIY Mining (Bitcoin, Ethereum, ZCash, Decred)
Ever wondered if you can start making money by mining on your own computer? This guide will teach you how to setup mining software on Windows computers in less than 10 min.
NiceHash Miner: https://www.nicehash.com/?p=nhmintro
What to Mine: https://whattomine.com/
Communties:
https://www.reddit.com/r/zec - Zcash Community
https://www.reddit.com/r/decred - Reddit Decred Community
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Exchanges:
CoinBase: https://www.coinbase.com/join/590c3a1...
Poloniex: https://poloniex.com
The need for miners over the years is only going to grow, not shrink. Ethereum, Bitcoin and other cryptocurrencies are growing fast, meaning that they need more miners on the system to start processing transactions and supporting the network.
In addition, mining might soon be changing in a big way. The thing that makes mining so expensive today is the ‘Proof of Work’ algorithms. These take massive GPUs and lots of electricity to be competitive. The Ethereum Foundation is working on the ‘Proof of Stake’ concept, which would mean that those GPUs are no longer necessary.
If Proof of Stake gets approved and implemented, what that means is that anyone who is an owner in a cryptocurrency can mine at a low cost. You can think of it like gaining interest on your cryptocurrency investment while still helping the network grow.
Interesting post. I was about to post a similair post. Cryptos will probably go through a more extreme pattern that bitcoin went though. High ups and high downs before it becomes stable. We do need more indept investment analysis. An interesting website I found: https://www.coincheckup.com This site did all the research for you. It's truly amazing.