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RE: How did you discover Steemit?
I had it up and running for LBRY, but it was right as the GPU miners started and a touch late for CPU folk... I'm just wanting to learn a bit about it more than attempt to mine for profit at this point. Fascinating stuff
Is mining difficult or expensive? You just set a program and leave your computer on 24/7 right?
Correct. But I would be CPU mining.... CPU being the slowest in the hierarchy of mining. My limited understanding was as faster and faster systems get involved in mining the difficulty in solving is increased. One reward is going to be issues every fixed period of time, so if three people with same equipment are mining I have a 33% of getting the reward. Having the slowest equipment for mining means I could run it 24/7 (and am while I'm on vacation for a week) and still not receive a reward because far superior equipment by many more people are competing for the same reward