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Cryptomining expert?
Posted: Thu Jun 09, 2022 1:00 pm
by Sarah Manter
Hey all! While by no means an expert yet, I definitely feel more comfortable talking about GPU mining than ASIC's and have more experience with FPPS mining than with PPLNS topics. What part of cryptomining do you feel like the biggest expert on?
Re: Cryptomining expert?
Posted: Thu Jun 09, 2022 8:43 pm
by UbjfP2ZOJa
Apparently, I'm most expert in getting my GPU set up, miner software tweaked, and system functional... just in time for it to make less money than the electricity cost to run it! * sigh *
I'm also pretty good at buying crypto high and watching its value drop, continuously buying the dip that doesn't stop dipping, etc...
Re: Cryptomining expert?
Posted: Fri Jun 10, 2022 5:12 pm
by Sarah Manter
UbjfP2ZOJa wrote: ↑Thu Jun 09, 2022 8:43 pm
Apparently, I'm most expert in getting my GPU set up, miner software tweaked, and system functional... just in time for it to make less money than the electricity cost to run it! * sigh *
I'm also pretty good at buying crypto high and watching its value drop, continuously buying the dip that doesn't stop dipping, etc...
Riding the crypto roller coaster.
Re: Cryptomining expert?
Posted: Fri Sep 30, 2022 3:15 am
by abhirabballa
If you go the asic route, you can only mine 1 specific cryptocurrency, unless another uses the same algorithm. If that currency does a hardfork, you can only mine the one with the same Algorithm as the original.
Edit - so if you decide to be a miner and pick a crypto that is profitable today, with an asic, you are shit outa luck of it becomes unprofitable. With a gpu you can switch to another crypto. No one is wasting time trying to make an asic for ethereum since they keep saying that they will switch to a Proof of Stake algorithm soon which would make mining, in the traditional sense, not an option.
Re: Cryptomining expert?
Posted: Fri Sep 30, 2022 9:43 am
by Sarah Manter
abhirabballa wrote: ↑Fri Sep 30, 2022 3:15 am
If you go the asic route, you can only mine 1 specific cryptocurrency, unless another uses the same algorithm. If that currency does a hardfork, you can only mine the one with the same Algorithm as the original.
Edit - so if you decide to be a miner and pick a crypto that is profitable today, with an asic, you are shit outa luck of it becomes unprofitable. With a gpu you can switch to another crypto. No one is wasting time trying to make an asic for ethereum since they keep saying that they will switch to a Proof of Stake algorithm soon which would make mining, in the traditional sense, not an option.
Ethereum has already been made Proof of Stake. It switched over a couple weeks ago. However, we now have ETHW available to mine on Ethash.
Re: Cryptomining expert?
Posted: Tue Apr 18, 2023 3:05 pm
by Maxxx1766
I read a lot of different information about it, but I do not understand anything. There's just not much written about it on the Internet and it's hard to figure it out.
Re: Cryptomining expert?
Posted: Wed Apr 03, 2024 5:01 pm
by xokarisar
I'm also more comfortable with GPU mining and FPPS topics. ASICs and PPLNS are a bit trickier for me too. But hey, we're all learning, right? For me, I've tinkered a lot with different GPU setups and strategies. I've found that experimenting and learning from mistakes is the best teacher. Oh, and speaking of learning, have you checked out
asicminercompare.com? It's been super helpful for me in navigating the world of mining. Give it a try!