Moni2402
Active member
Possibly at some point you have heard of big cryptocurrency mining farms.
This makes many people think that mining is only for large companies and it is impossible to participate.
In part this is true; but not because it is impossible, but because the competition is so great that it is not profitable.
In my personal opinion, I believe that if it is possible to make good profits through this medium, you simply have to be consistent and make sure that you are mining on a reliable platform.
On the other hand, it is not something that you get results from immediately, it requires patience and it also has a lot to do with the capital you invest in it.
On the other hand, each of these coins has its own algorithms and mining costs. In many of them it is possible to participate only with a good graphics card, these work very well to solve mathematical calculations, or even with a traditional computer.
For example, Ethereum is considered the second most used cryptocurrency after Bitcoin, and it is possible to extract it from a graphics card and specific software. On the other hand we also have Monero, which became very popular because it was simply extracted through a script that runs in a browser; a quirk that many cybercriminals took advantage of with new techniques such as cryptojacking.
This makes many people think that mining is only for large companies and it is impossible to participate.
In part this is true; but not because it is impossible, but because the competition is so great that it is not profitable.
In my personal opinion, I believe that if it is possible to make good profits through this medium, you simply have to be consistent and make sure that you are mining on a reliable platform.
On the other hand, it is not something that you get results from immediately, it requires patience and it also has a lot to do with the capital you invest in it.
On the other hand, each of these coins has its own algorithms and mining costs. In many of them it is possible to participate only with a good graphics card, these work very well to solve mathematical calculations, or even with a traditional computer.
For example, Ethereum is considered the second most used cryptocurrency after Bitcoin, and it is possible to extract it from a graphics card and specific software. On the other hand we also have Monero, which became very popular because it was simply extracted through a script that runs in a browser; a quirk that many cybercriminals took advantage of with new techniques such as cryptojacking.