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RE: Mining Cryptocurrency in the 21 Century -[Bitcoin Mining]

in #bitcoin7 years ago (edited)

As a noob, I get so much out of these articles, @streetstyle. I have missed out on the cryptocraze up until now, but I'm trying to catch up fast...

I was surprised to read that you wouldn't get into actual mining on your own now. I guess, though, that if you're making decent cash investing, mining seems more work than it's worth.

Is there a rule of thumb as to what it might cost to set up a rudimentary mining operation? As I learn more, I suppose I'm interested in investing in every aspect of cryptocurrency: mining, investment, and trading.

Thanks for this post and keep 'em coming. I upvoted and already follow.

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Having done it, I realized that it becomes a vicious cycle of never ending obsolescence if you are trying to stay profitable for a long period of time. China has this market on lock for the most part. At home hobbyist can still be fun, and I haven't done the homework, but there are some coins that you can still mine with a PC and GPU and still make a profit.
But for hardware, in the end, bitmain.com is where I would go. Good luck. There is a lot to learn, and keep learning because this is still all in its infancy.