Message from @THE HANDIKKKAPER✓ᵀʳᵘᵐᵖ
Discord ID: 314594997540225024
for cryptos
you want some advice though kid
if you wanna mine
mine zclassic
there arent many coins that are worth spending power on
I thought you need like crazy processing power to mine
its only wrth if you got like networks set up to do it
no
thats for bitcoin
bitcoin is fucking ridiculous
quick rundown : the more people mine the harder the difficulty gets
the less shekels you get for your hashpower
Diminishing returns yeah
but theres different types of coins
see bitcoin is a CPU mined crypto
but now theyve got ASIC's that do the shit
thats application specific components
but back in the day came along the scrypt algo
which let GPU's mine as well
and honestly GPUs just shit all over CPUs with scrypt
some have a 1:1 ratio for GPU/CPU
some dont
it all depends on your video card
Yeah
there arent many coins that are still worth mining at this point
im mining zclassic because its only worth 9$ and theres not a lot of coins mined
theres calculators thatll let you know your profit
BUT THEN
theres cloud mining
honestly that shit always sounded sketchy to me but the returns dont lie
theyre 2 year contracts that you pay
usually youll get your contract paid within a year
hiring a cloud of computers to mine for you
thats : if the coin price doesnt crash, if the coin doesnt turn into PoS, if the difficulty doesnt fly off the handle
theres a lot of factors that come into play
but its a steady hashrate without the hassle
yeah, wouldnt it be safer to simply convert shekels to a more stable coin
Like that etherium you were taliking about
yes
but you gotta watch the price and shit