Life of a digital miner

Aloha and welcome too my first post on Steemit!! Figure I'll share some of my crypto experiences over the last 5 years. Today we will talk about one of my favorite topics. GPU mining! For those of you who don't know mining is the process that secures a block-chain, the miners check the transactions and receives tokens in form of payment for it's computational power and electricity use. If you are someone that takes things apart, enjoys doing projects by hand or like to tinker. Mining is definitely something you should take a look at.

Basically GPU mining is just a computer with lots of GPUs attached to the motherboard that you have too run a certain software to do something we call "mining coins". Many people with windows run a program call Nice Hash form www.nicehash.com this program takes the difficulty out of mining. It installs, you enter your BTC wallet address click a start button and the first time you use it the program Nice Hash will scan your computer figure out what your GPU and CPU can mine and then start mining too your wallet. Simple! You now have BTC.

Another popular method is pool mining. Pool mining is when groups of people all join a group and combine their hashing power too mine and find crypto currencies better. Most mining operations are done by pools. BTC ASIC mining has 3 main pools most the world participate in which leads to a debate on centralization. GPU mining is much more decentralized and allows for a much wider verity of options when choosing which coin to mine. A common trend among miners is too follow game theory and mine the most profitable coin then use exchanges to trade for other cryptos instead of mining them. While this is the best way too maximize profits in short run i personally prefer to find a good project and secure their chain and participate with the developers. When Dark Coin Launched (Now dash) it was not the most profitable to mine but it did have some crazy new features and was worth grabbing a master node or two at $1500 now worth over $400 000 four years later and pays out 20% a year in Dash tokens.

The hardest but most lucrative if you can pull it off and have enough hashing power to make it worth your while is solo mining. Now anyone can solo mine, the question is do you have enough hashing power to find a block in a reasonable amount of time that beats being part of a pool. Solo mining usually works best on newer coins people have not heard about too much and are low but running up on major sites like what to mine, world coin index and coin market-cap.

I hope this informed you a bit about mining. I think it is one of the most important and fundamental aspects of this new technology called blockchain. Once you start to enter the world of mining the possibilities are endless!! So go out and grab a desktop PC with a newer Nvidia GTX (favorite card 1070ti) or AMD GPU and start printing digital money in your own home. Good luck.
The Crypto must flow.

Mahalo
Lono