Monday, March 3, 2014
mining bit-coins and cryptocurrency
8/17/24
in my opinion "now-a-days" the smartest crypto mining operations use proof-of-stake methods which may utilize prescript-ed protocols to operate the mining function. This method bypasses the previous keys involved in profitability. Cloud computing removed the need for firmware running on electricity, but now web3 dapps have created user friendly interfaces so users do not need an in-depth knowledge of server technologies to use the function.
go.hex.com
gopulse.com
gopulsechain.com
xen.network -> dbxen.org (for mining abilities on 10+ main blockchains)
changenow.com
portalxswap.io
https://start.geni.app/mining/overview
i do prefer DEX as to CEX but appreciate the integrity associated with KYC
Bitrue was a solid CEX as they continued to allow legal exchange of XPR in the USA during the entirety of the SEC law suit.
https://primeminer.xyz/ -> for those looking to get a bit more into the code; learn RUST (and GET obviously)
https://github.com/rhmaxdotorg/pulsechain-validator
https://launchpad.v4.testnet.pulsechain.com/en/faq
insightful keys: smarter clicks
be code smart. copy and paste trustworthy websites, rather than just clicking links. (or don't be keystroke lazy and type it.. i know crazy all the alpha-numeric keys in a contract address but you will grow in typing skills =]ps jk crazy )
I heard horror stories where crypto n00bies buy used BTC hardware rigs at market high, from elite programmers who ran the life of the machine for years and were basically retiring it. no wonder it has taken so long for crypto to grow to scale into mass adoption. beyond a bit deceptive, that means our new crypto people are not making real gains and likely will pass on bad information and FUD, and rightly so. it is very good that we have elevated our standards and corrected the loose footsteps with better protocols available for newer users.
concept:
do not sell miners when market is up or when it's down.
this
ensures continual income as well as holistic market stability so
potentially an increasing continual income. passivepulse is one of my
personal favorites because the contract creator and developers made it
difficult to sell or change ownership of miners after created under a
specific public address. it also mines the layer 1 crypto PLS on
PulseChain which i was able to audit and develop for over 2 years before
it launched. market prices aside; PulseChain launch over a year ago and
has proven usable, interoperable and has endured the PIN test from XEN
seamlessly.
//
3/3/14
One way I have seen potential for earning money online is by mining bit-coins. Aside from the controversy surrounding the bit-coin environment, this post is to explain one philosophy showing why mining bit-coins is not a scam and potentially very profitable.
A personal computer uses RAM or random access memory for various processes. Mining bit-coins can be conducted by offering one's physical hardware to a network to solve mathematical problems. When your computer solves one of the computations correctly it is rewarded with a bit-coin (or a fraction of a bit-coin). The more power your computer offers the more potential it has for earning rewards. To further explain, from what I gather, the video card is the hardware most utilized for mining bit-coins. A computer can be specially designed with a motherboard that supports multiple or more powerful video cards, increasing the efficiency of the mining potential. One of these so called mining units may look like this:
The key to profitable mining is calculating the expenses inherent to running the unit: the electricity, hardware costs, network access, ect, and mining in an environment that compensates for these costs. When this balance point is calculated a business plan can produce what I would like to call residue income, and your unit is not making bit-coin profits that you can use in any bit-coin environment or traded for currency.
picture courtesy of http://www.rootusers.com/my-bitcoin-mining-experience/
A personal computer uses RAM or random access memory for various processes. Mining bit-coins can be conducted by offering one's physical hardware to a network to solve mathematical problems. When your computer solves one of the computations correctly it is rewarded with a bit-coin (or a fraction of a bit-coin). The more power your computer offers the more potential it has for earning rewards. To further explain, from what I gather, the video card is the hardware most utilized for mining bit-coins. A computer can be specially designed with a motherboard that supports multiple or more powerful video cards, increasing the efficiency of the mining potential. One of these so called mining units may look like this:
picture courtesy of http://www.rootusers.com/my-bitcoin-mining-experience/
Project Domain Name
project domain name is very similar to real estate or land ownership. In a like way one could potentially buy a house, make renovations to turn around and then sell the property for profit based on the improvements they made. Buying and selling online domains can be very comparable. Flipping websites be it .com .org .ws or .ect. after moderate public relations has shown to be profitable for many online entrepreneurs, and in many ways would correlate more on the scale of the Louisiana Purchase than the current real estate market.
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