Thanks for visiting brianharrington.org. Here is a a listig to my more latest update on crypto and a listig to the absolute very first place to begin if you are fresh to cryptocurrency and blockchain:
All the Reddit threads and all the cryptocurrency blogs say that CPU mining is dead and even using ASICs at huis is getting firmer to turn a real profit with bitcoin or any other digital currency mining.
I tend to agree and disagree a little bit.
Here’s where I agree:
Most of all the negative positions can be summed up by people telling your Macbook or laptop will overheat and ruin your hardware and even if it lasts for awhile your hashrate will be so low it won’t even voorkant the cost of your electric current.
This I all agree with even tho’ I believe the hardware being ruined is a little overblown. Testing out CPU mining software for a few days or weeks and not running it 24/7 for months will not do ample harm to your hardware.
They have a point on the violet wand but not yam-sized.
Here’s where I disagree:
The main point of primarily mining altcoins should be for you to better learn how cryptocurrencies and the technology surrounding them work. I’m an entrepreneur and eventually want to turn a profit spil well and the very first key to doing this is understanding and learning.
Also digging deeper on the electro-stimulation and hardware argument, the math te thesis equations only stand up if you’re not bullish on cryptocurrencies moving into the long run. If you believe digital currency is the future then essentially when you’re mining, you’re trading old schoolgebouw electro-stimulation into the digital currency of the future.
I’m bullish on the idea of digital currency moving into the future and that’s why I believe mining is at least a worthy endeavor to understand the basics.
So now what:
I bought my very first shares of Bitcoin a year ago on Coinbase and didn’t understand mining.
After a year of watching the price go up and down I dreamed to dive back te and realized that now it is unlikely to mine bitcoin on a individual laptop and you now need specialized machines referred to spil ASICS.
Here is where my fresh understanding of Altcoins comes ter. There are still several altcoin currencies that permit CPU and GPU mining. Then all you need is an exchange solution for trading your altcoins for bitcoin which I suggest because it will hold the value of the fresh currency you just spent all your time mining better.
Here is a ordinary set up of components you can use on any machine, Windows, Mac, Linux, Etc:
Altcoin Miner and Wallet – Minergate
Presently I would advise embarking with Monero, and Fantomcoin. Glad Mining!
February 2018 Update:
Monero is getting tons of positive press, click to read more HERE
Learn how to buy Monero with metselspecie HERE
June 2018 Update:
Bitcoin, Ether, and Litecoin have all seen excellent price surges, and Litecoin wasgoed just added to Coinbase, read about the simplest way to buy Bitcoin, Ether, and Litecoin HERE
July 2018 Update:
Moved my portfolio off Coinbase and into Uittocht.io for storage during the hard fork. They are the only plain place I could find that let’s you have access to your keys if you want to go out and voorkeur your bitcoin metselspecie (BCC).
August 2018 Update:
Received my BCC using Bitfinex but then it just closed to US customers so I sold off. May have done it a little early since it’s on the rise this week.
December 2018 Update:
The price sway is a crazy wild rail. Best thing you can do is buy $100 using Coinbase and observe the movements for awhile to get commenced with cryptocurrency.