Mining $XMR is pretty easy once you set it up. Hive-Engine witnessing is more of a challenge because we are constantly having to fix issues and keep the side chain running. But it pays some bills.
From what I hear about mining, you probably need a lot of computing power and should be very good at math. Is that the case for mining XRM too? I guess hive is more challenging cos it's bigger and more complex. Is that the case?
No, the only math you really need to know is how much you are being rewarded for the power you are using. For XMR, anything with a CPU can mine it. More powerful the better yes, but it’s not about that for me, it’s about supporting the network and making it more decentralized.
Wow, that is eye opening. Thank you. It is nice to see that some people aren't in it for the money but for the growth of the crypto space. I'll look into it and see if I can mine XMR
Anyone can set up a Hive or Hive Engine witness, but it’s a big popularity contest where the top 20 are the only ones who regularly get paid. I run a Hive Engine node because that is where I have built my businesses and I am in the top 20. I wouldn’t come close as a regular Hive witness.
That's where most of the DEFI stuff and token action happens. It is the home of the second layer for Hive. They have Hive-Engine.com but there is discussion of shutting it down and just routing people to Tribaldex. But that's not in stone yet, I think, I'll need to catch up on those conversations.
Mining $XMR is pretty easy once you set it up. Hive-Engine witnessing is more of a challenge because we are constantly having to fix issues and keep the side chain running. But it pays some bills.
From what I hear about mining, you probably need a lot of computing power and should be very good at math. Is that the case for mining XRM too? I guess hive is more challenging cos it's bigger and more complex. Is that the case?
No, the only math you really need to know is how much you are being rewarded for the power you are using. For XMR, anything with a CPU can mine it. More powerful the better yes, but it’s not about that for me, it’s about supporting the network and making it more decentralized.
Wow, that is eye opening. Thank you. It is nice to see that some people aren't in it for the money but for the growth of the crypto space. I'll look into it and see if I can mine XMR
Yeah, seems like I am a part of a dying breed of true believers
It's good to know there are some still in it for a good cause no matter how small the number might be. You might be those to inspire others 🤞
Anyone can set up a Hive or Hive Engine witness, but it’s a big popularity contest where the top 20 are the only ones who regularly get paid. I run a Hive Engine node because that is where I have built my businesses and I am in the top 20. I wouldn’t come close as a regular Hive witness.
Hopefully, in due course you're a regular in the top 20. What's your hive witness so I can give you a vote
I only run the Hive-Engine witness and it's under my account name. It's too expensive to run a Hive witness and not get paid for it.
Oh for tribaldex I see. I used it not long ago to set up liquidity for zing.
That's where most of the DEFI stuff and token action happens. It is the home of the second layer for Hive. They have Hive-Engine.com but there is discussion of shutting it down and just routing people to Tribaldex. But that's not in stone yet, I think, I'll need to catch up on those conversations.