- NiceHash Miner: An overview
- A beginner’s guide to mining Cryptocurrencies on a Personal Computer
- What exactly are Cryptocurrencies? Blockchains, bitcoin, mining, alt-coins et al. explained
Before you try out mining on your rig, find out if mining is really for you.
What exactly is “mining”?
Like most other commodities like Gold and other precious metal, There is a limited amount of the metal in the world and mining it means to find the ores and extract it out of it.
Similarly, `mining` a crypto means to spend effort and create new units of the crypto available.
Remember the 19th century Gold Rush?
Before its first crash, crypto was on a somewhat similar track
Networks like NiceHash come into the picture. They provide a tool with an easy to use Graphical User Interface that makes joining the pool an easy task.
Mining is an extremely CPU-intensive, costly process. And it is only occasionally rewarding. To make it more inclusive to all participants, mining networks pay out for computing hashpower.
Miners are rewarded by crypto tokens.
The Tools
Summary: For a home PC user, mining is not much of a profitable endeavor. It would be much better to save some money and purchase some promising Cryptocurrency instead
