DEV Community

loading...

Discussion on: Getting Started With Mining Cryptocurrencies

Collapse
jesalg profile image
Jesal Gadhia Author • Edited

Oh yeah buying a mining rig is tempting but probably not profitable unless you are someplace where electricity is dirt cheap or mining some obscure coin and counting your luck.

I'm really not making any profit on it either. I mainly see it as a tool to learn more about crypto. Unless you have a beefy spare machine or can build a rig with relatively low cost forget about profits. You will have better luck just trading on exchanges.

Collapse
tcratius profile image
Me, myself, and Irenne

You would like this YouTube guy siraj, he talks about using decentralization with crytocurrency erthereum. What I understand by the concept is a the data is more peer to peer reducing bottle necks from major servers like say netflix and then incorporates crytocurrency to pay each user for their contribution to the decentralised network. Why over my head coding wise but you may find it interesting. :)

Thread Thread
jesalg profile image
Jesal Gadhia Author

Nice, will check it out, looks like he has some interesting videos!