Introduction to mining BASICS OF MINING : It's a process in which you lend your computer's or graphics card's calculating power to solve complex problems or easy one (depends on the coin) and validating a transaction, then you will be rewarded for it depending on your hashrate (computational power per second used when mining) . Hashrate: Its the rate of solving problems as we discussed above. It's determined by your GPU or ASIC miners. Higher the number, greater the earning, greater the power consumption. Graphics Cards: There are mainly two graphic card companies out there; AMD and Nivida. People usually use Nivida graphics card as they are reliable and have a large community.Most commonly used are 3000 series and 1600 series. They offer a decent hashrate and less power consumption than ASIC miners. I personally mined on laptop with a 1650ti graphics card which gave me 1.5$ everyday (power consumption may be 0.25$). How to mine: * First of all set up your mining rig. There are plenty of tutorials on YouTube u can look out. * I personally used unmineable and 2 miners as pools as they are reliable. Minimum payout differs from website to website. Usually they don't charge any fees while withdrawal. * Cross check your wallet address. Even a small mistake and you recieve no coins. * Check with your authorities if mining crypto is legal or not. Hacks to mine (choosing a coin) : * Mine a coin with good fundamentals. * I don't recommend bitcoin as it's not profitable if you have less hashrate. * Mine a coin which you think will go up in price. * I mined Shiba inu during May till September. Then price really pumped up. I sold em and bought some coins like Polkadot, MANA, CHR.(not a financial advice). Outro: Mining is an easy way to earn crypto if you have the nesssary resources. I couldn't explain more clearly as I'm posting from a mobile for the time. Feel free to ask any questions in the comments. Have a great day!
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