So with all the talk about crypto currency and hearing my colleagues and even vendors I work with talk about their "profit" after getting into mining, I can't deny that it all sounds extremely enticing.
However, the more I look into it the more confused and overwhelmed I get. Also looking at calculators and such makes it seem like all the work isn't THAT much of a return. Perhaps all the profit is in the meteoric rise in value over time for some coins?
But really my question is this: what tips/considerations do any more experienced people have for folks looking to get into mining?
What if I have access to powerful CPU based rigs...are those even remotely helpful?
What currency is good to get into?
What about mining pools?
I almost pulled the trigger on one called Ripple the other day based on my friends discussion about it and I was feeling impulsive but at the last moment before I handed over all my personal info to some exchange, I stepped away from the keyboard
So I appreciate any insight from y'all. Thanks in advance!!
However, the more I look into it the more confused and overwhelmed I get. Also looking at calculators and such makes it seem like all the work isn't THAT much of a return. Perhaps all the profit is in the meteoric rise in value over time for some coins?
But really my question is this: what tips/considerations do any more experienced people have for folks looking to get into mining?
What if I have access to powerful CPU based rigs...are those even remotely helpful?
What currency is good to get into?
What about mining pools?
I almost pulled the trigger on one called Ripple the other day based on my friends discussion about it and I was feeling impulsive but at the last moment before I handed over all my personal info to some exchange, I stepped away from the keyboard
So I appreciate any insight from y'all. Thanks in advance!!