CRYPTOCURRENCY MINING 2017 WHERE TO START?

If you decide to start mining cryptocurrencies in 2017, you may be surprised by the actual lack of information about mining. Therefore, some tips to help you start with the basics will be useful.

Scheme for getting started for dummies

To get started, you should take steps that will help you quickly get up to speed, even if you have only the rudiments of knowledge of working on a Mac or PC. So, let’s get started.

Step 1. Buy mining equipment. Cryptocurrency mining is currently an extremely competitive activity, so preparation for the bitcoin/lightcoin mining process should be carried out carefully, as it is becoming more and more difficult to earn good money from cryptocurrency mining every day.

Be sure to calculate all expenses and possible earnings. The easiest way to do this is to use a mining calculator: you will be able to find out the payback period of your project and the average profit.

Then you can start buying the chosen device. If you are planning to get serious about cryptocurrency mining, you should know that there is a simple way to do it – on a PC or with a video card (GPU mining) and a more advanced way – special devices (rigs) designed exclusively for mining. Choose the right one.

Step 3. Choose the best pool for you. If you want to earn really worthwhile amounts of money, you should join a pool immediately after creating a wallet – a group of miners who have joined forces (and resources, respectively) to increase their efficiency in cryptocurrency mining.

To obtain a particular block of bitcoins, it is necessary to perform certain algorithms, which are often quite difficult to perform alone. Working in a group greatly simplifies this task. Accordingly, the chances of success increase.

Step 4. Choose the best option from the list of available mining programs. There are a huge number of client programs that can efficiently manage a particular mining device.

Step 5. Start mining cryptocurrency. All you need to do is turn on the miner by connecting it to your computer, launch the mining program, enter your pool, and start the process of generating balls to execute the algorithms.

Finally, one valuable piece of advice: before deciding on a cryptocurrency mining method, determine for yourself all the positive and negative aspects of each type of earnings. For example, some people find it much more profitable to buy bitcoins/lightcoins rather than mine them. Good luck!