Crypto Mining

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jwax
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Crypto Mining

Post by jwax »

Anybody trying this?
https://www.helium.com/

Mount a hotspot box in your attic, and collect crypto tokens. Easy money? :grin:
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Janitor Tzap
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Re: Crypto Mining

Post by Janitor Tzap »

Here's an article: https://www.indianweb2.com/2021/11/inte ... -read.html

This is sounding more like Bit-Coin when it started.
People were building mining servers just for mining it.
Problem is....
Only the people who got in early, or are large corporations that can spend the money too continue upgrading and expanding servers.
Are able to make any money.
Thus, there were a lot of vid-cards and servers that started showing up on the used market.
When people were going bankrupt when Bit-Coin crashed.



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PS: We don't need two postings on the same subject.
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jwax
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Re: Crypto Mining

Post by jwax »

Like real estate, it depends on location. Suburbs and rural have the best chance to "get in early", before all the hexes are filled up.

"PS: We don't need two postings on the same subject."? I don't see multiple postings, only that last unrelated bot called rexcarter.
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Janitor Tzap
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Re: Crypto Mining

Post by Janitor Tzap »

This one: viewtopic.php?f=45&t=18235
That you had posted earlier. :razz:


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jwax
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Re: Crypto Mining

Post by jwax »

Oops! Forgot about that one! Thanks!
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Janitor Tzap
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Re: Crypto Mining

Post by Janitor Tzap »

Okay, this is just so wrong.

RadioShack decides to go Crypto. :roll:
https://news.yahoo.com/remember-radiosh ... 05547.html

I know they want to be known as a technology company.
But it has been proven time and again that Cryptocurrencies are not for use in normal money exchanges.
{Using it to pay for food, fuel, etc.....}
Plus, the building of Crypto-Servers is a drain on power grids, off setting even the gains that they may make.


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Intand
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Re: Crypto Mining

Post by Intand »

jwax wrote: Sun Nov 21, 2021 6:15 pm Anybody trying this?
best crypto payment gateways

Mount a hotspot box in your attic, and collect crypto tokens. Easy money? :grin:
Helium (HNT) mining has been gaining popularity in recent years as a way to earn passive cryptocurrency income. However, it is important to note that it is not a get-rich-quick scheme. There are several factors that can affect the profitability of Helium mining, including the location of your hotspot, the density of other hotspots in your area, and the current price of HNT.

Here are some of the potential benefits of Helium mining:

Passive income: Once you have set up your hotspot, it will continue to mine HNT 24/7, even when you are not using it.
No experience required: Helium mining is relatively easy to set up and does not require any technical expertise.
Low upfront costs: The cost of a Helium hotspot is relatively low, and you can expect to recoup your investment within a few months.
Here are some of the potential risks of Helium mining:

Variable profitability: The profitability of Helium mining can vary greatly depending on your location and the density of other hotspots in your area.
Technical issues: There is a risk of technical issues with your hotspot, which could interrupt your mining activity.
Price fluctuations: The price of HNT is volatile, and there is no guarantee that it will continue to rise in value.
Overall, Helium mining is a potentially profitable way to earn passive cryptocurrency income. However, it is important to do your research and understand the risks involved before investing in a hotspot.
dyarker
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Re: Crypto Mining

Post by dyarker »

The money is in selling hotspot hardware to stupid people.
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Re: Crypto Mining

Post by MicroRem1 »

Dyarker... yes!
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