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C-Jay

C-Jay

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Audeamus 30 From Ottawa, Ontario, Canada
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  • SwissTuxedo
    Hey C-Jay your post on Bitcoin caught my attention. I am learning more about the topic but was wondering if you had any resources you can point to in order to help me understand the whole concept of Mining Bitcoin ? Thanks again.
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    SwissTuxedo
    SwissTuxedo
    Ok, thanks. Spent the majority of yesterday watching videos /content about mining to see if it's still worth it. Still crazy that Bitcoin is worth $5,000K +.

    How about Mining ethereum? Looks like there still is room for growth there.
    C-Jay
    C-Jay
    There's definitely more room for mining in ether than in bitcoin because the supply isn't capped. The downside is that it's worth far less. A big point of consideration is the cost of electricity where you live. If you're mining, say, 3$ per day worth of ether but it's adding $150/month to your power bill, you aren't making anything, and you're in the negative on the cost of your system.
    C-Jay
    C-Jay
    I am far from an expert in mining though; I did my research a while back and decided to stay far away from it. I'd browse reddit for some other ideas. Crypto communities on there are pretty good.
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