Forex Zone - Forex Forum

Who can be a miner?

Discussion started on General Cryptocurrency Discussion

  • Sr. Member
  • Posts: 434
  • Points: 0
  • Likes Received: 17
  • Reputation: +1/-0
just like trading, anyone can become a trader as long as they want to learn as well as miners, miners are the profession of mining coins for profit so anyone can do it.
#241 - November 19, 2020, 01:52:22 AM

  • Sr. Member
  • Posts: 448
  • Points: 104137
  • Likes Received: 12
  • Reputation: +1/-0
Miners are people who do minning and everyone can be a miner as long as they know how to do it and also have the skills to do it.
#242 - November 26, 2020, 03:57:17 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
Miners are people who do minning and everyone can be a miner as long as they know how to do it and also have the skills to do it.
Ability is the main requirement for mining, we must know how to operate it from the mining tool.
But first calculate the mining yield and mining costs.
it's useless if you know how to mine but the results are small, the mining costs are too large.
#243 - November 29, 2020, 08:15:35 AM

  • Sr. Member
  • Posts: 266
  • Points: 0
  • Likes Received: 19
  • Reputation: +1/-0
Anyone can certainly mine, how it works and the space can learn through YouTube videos, lots of tutorials for mining.
Bitcoin mining is currently in good shape because the price is very expensive, mining now can definitely be profitable.
#244 - November 30, 2020, 07:06:05 PM

  • Sr. Member
  • Posts: 452
  • Points: 2273
  • Likes Received: 13
  • Reputation: +0/-0
anyone can become a miner it's just that right now we need to find good coins to be mined and some good coins are almost up.
#245 - January 21, 2021, 08:31:39 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
anyone can become a miner it's just that right now we need to find good coins to be mined and some good coins are almost up.
Bitcoin mining, Eth, Doge etc are still pretty good at being mined at the moment, considering the price is quite good to cover electricity and maintenance costs.

If mining Btc, preferably with VGA rather than special antminer tools which are very expensive.
#246 - February 01, 2021, 07:42:21 PM

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7
anyone who has the equipment or equipment needed can become a coin miner, of course, every coin is different, how to mine it, and that means the costs are not the same.
#247 - May 18, 2021, 05:27:01 AM

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0
With the increasingly high price of coins, the current specifications for mining are also getting higher, the impact is that the cost of procuring the equipment and maintaining it is also very expensive
#248 - May 23, 2021, 11:23:52 AM

  • Hero Member
  • Posts: 518
  • Points: 400
  • Likes Received: 5
  • Reputation: +0/-4
if you want to be a coin miner besides we have to buy the device we also have to think about and consider care, the cost of power or electricity consumption and so on, we count all whether it is feasible to do or or not
#249 - May 24, 2021, 11:49:39 AM

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7
Anyone can certainly be a miner in Crypto's currency, as long as it has a device that is needed with the appropriate or eligible specs
#250 - July 01, 2021, 02:29:33 AM

  • Jr. Member
  • Posts: 94
  • Points: 186
  • Likes Received: 0
  • Reputation: +0/-0
anyone can mine there is no limit to doing so, as long as they have the tools and have the cost to pay for mining needs.
#251 - July 11, 2021, 11:26:18 AM

  • Hero Member
  • Posts: 1007
  • Points: 435
  • Likes Received: 8
  • Reputation: +1/-3
I think anyone who can provide equipment to mine will be a miner, of course to win all the tools must be paid handsomely
#252 - July 11, 2021, 11:15:09 PM

  • Hero Member
  • Posts: 2167
  • Points: 2732
  • Likes Received: 3
  • Reputation: +0/-11
Anyone with a computer and internet connection can technically be a miner in cryptocurrency trading. However, the mining process requires significant computing power and specialized hardware, and it has become increasingly competitive over time. As a result, most mining is done by large-scale operations that can afford the necessary equipment and electricity costs. Additionally, some cryptocurrencies have moved away from proof-of-work mining, which is the traditional method used by Bitcoin and other early cryptocurrencies, to proof-of-stake or other consensus mechanisms that do not require mining. Nonetheless, for those who have the necessary resources and expertise, mining can still be a profitable and important aspect of the cryptocurrency ecosystem.
#253 - March 04, 2023, 01:33:06 AM

Members:

0 Members and 1 Guest are viewing this topic.