Message from @THE HANDIKKKAPER✓ᵀʳᵘᵐᵖ

Discord ID: 314595035763179520


2017-05-18 02:45:16 UTC  

if you wanna mine

2017-05-18 02:45:17 UTC  

mine zclassic

2017-05-18 02:45:26 UTC  

there arent many coins that are worth spending power on

2017-05-18 02:46:06 UTC  

I thought you need like crazy processing power to mine

2017-05-18 02:46:18 UTC  

its only wrth if you got like networks set up to do it

2017-05-18 02:46:35 UTC  

no

2017-05-18 02:46:38 UTC  

thats for bitcoin

2017-05-18 02:46:40 UTC  

bitcoin is fucking ridiculous

2017-05-18 02:46:53 UTC  

quick rundown : the more people mine the harder the difficulty gets

2017-05-18 02:46:58 UTC  

the less shekels you get for your hashpower

2017-05-18 02:47:04 UTC  

Diminishing returns yeah

2017-05-18 02:47:05 UTC  

but theres different types of coins

2017-05-18 02:47:13 UTC  

see bitcoin is a CPU mined crypto

2017-05-18 02:47:25 UTC  

but now theyve got ASIC's that do the shit

2017-05-18 02:47:35 UTC  

thats application specific components

2017-05-18 02:47:52 UTC  

but back in the day came along the scrypt algo

2017-05-18 02:47:57 UTC  

which let GPU's mine as well

2017-05-18 02:48:07 UTC  

and honestly GPUs just shit all over CPUs with scrypt

2017-05-18 02:48:12 UTC  

then more algos got developed over time

2017-05-18 02:48:20 UTC  

some have a 1:1 ratio for GPU/CPU

2017-05-18 02:48:21 UTC  

some dont

2017-05-18 02:48:38 UTC  

it all depends on your video card

2017-05-18 02:48:43 UTC  

Yeah

2017-05-18 02:48:50 UTC  

there arent many coins that are still worth mining at this point

2017-05-18 02:49:04 UTC  

im mining zclassic because its only worth 9$ and theres not a lot of coins mined

2017-05-18 02:49:15 UTC  

theres calculators thatll let you know your profit

2017-05-18 02:49:18 UTC  

BUT THEN

2017-05-18 02:49:21 UTC  

theres cloud mining

2017-05-18 02:49:32 UTC  

honestly that shit always sounded sketchy to me but the returns dont lie

2017-05-18 02:49:38 UTC  

theyre 2 year contracts that you pay

2017-05-18 02:49:52 UTC  

usually youll get your contract paid within a year

2017-05-18 02:49:53 UTC  

hiring a cloud of computers to mine for you

2017-05-18 02:50:15 UTC  

thats : if the coin price doesnt crash, if the coin doesnt turn into PoS, if the difficulty doesnt fly off the handle

2017-05-18 02:50:23 UTC  

theres a lot of factors that come into play

2017-05-18 02:50:36 UTC  

but its a steady hashrate without the hassle

2017-05-18 02:50:56 UTC  

yeah, wouldnt it be safer to simply convert shekels to a more stable coin

2017-05-18 02:51:06 UTC  

Like that etherium you were taliking about

2017-05-18 02:51:44 UTC  

yes

2017-05-18 02:51:49 UTC  

but you gotta watch the price and shit

2017-05-18 02:52:00 UTC  

The fuckin price just shot up months ago

2017-05-18 02:52:10 UTC  

but its been out for years