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Investing types & Crypto Discussion $$$
shitlord:
--- Quote from: Metario on December 03, 2017, 03:15:43 PM ---Do not go into mining directly. Use something like Nicehash. I do it and I get ~3$ per day with my 1070
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they close your wallet if you stop mining for like a week and they throw the stuff you earned away or take it for themselves
Awesomebread²:
--- Quote from: Metario on December 03, 2017, 03:15:43 PM ---Do not go into mining directly. Use something like Nicehash. I do it and I get ~3$ per day with my 1070
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nicehash was actually what i had in mind, but what’s the difference between that and mining?
Pecon:
--- Quote from: Awesomebread² on December 03, 2017, 03:35:08 PM ---nicehash was actually what i had in mind, but what’s the difference between that and mining?
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It's a mining pool. The chances of you mining a block on your own are infinitesimally small nowadays, so many people 'pool' together to try and mine a block. When one person in the pool mines a block, the reward is split between all the pool participants based on how much work they contributed that period.
If you're actually interested in mining bitcoin specifically, the bitcoin.com pool has the highest payouts of any pool. You're not very likely to make money mining off GPU hardware, though. Mining is dominated by ASICs.
Bisjac:
nicehash is just a service you either pay people to mine for you, or you get paid by people to mine for them. its not a normal option for actual mining for yourself.
Kearn:
using nicehash is stupid unless you have multiple gpus because the withdrawal limits make it infeasible to pull your earnings
if you wanted to mine you could just mine monero on a pool like dwarfpool or w/e since the transaction minimum is .1 and the fee is .014 per transaction to an exchange wallet (which is where you want to have your wallet since monero has high transaction fees in the event you ever tried to move it from a private wallet to an exchange)
the other thing is that nicehash pays in bitcoin, mining on your own pays in whatever youre mining