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Comments
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Wozza638787yMining is only going to be profitable for so long. Once we have 10 or so well established crypto currencies then fewer new ones will get created.
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I still dont fully understand crypto currencies... I can understand that someone pays me money when I offer my effort to him, but how can I just "generate" value with my computer? I have heard that miners basically verify crypto transactions and thus do povide work for others but that only works if there is a crypto currency to begin with...
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Bitcoin mining is already dead, 12.5 bitcoins rewarded per block, the number of transactions is so pathetic that each block is probably only 12.5 + 0.08 bitcoins. The only people making money are the people selling the miner rigs.
Related Rants
So now you can hire a container with computers and all that stuff so you can start mining crypto currency immediately... What is humanity going to be in 10 years? Everyone's just gonna mine Bitcoins instead of working? 😦
rant
mining
cryptocurrency