Crypto Mining-Miners & How to become as one?

Discussion & Solutions
1

Hello Friends.
I have these questions roaming on my head..

What is Cryptomining? Is it just solving some kids puzzles to earn cryptocurrency?
Or
How will they (miners) get paid?

What will be impact on miners on BitCoin Halving?

& Finally if anyone wants to become CryptoMiner what he/she has to do?
What are the minimum requirements?

And anyone please suggest open Mining platforms

2

I used to do it in Hanover park il USA I’ll we did had two ant miners and it was to much power consumption . We did sold it and get 7 ge force fox cards less consumption but got after a year a1 Bitcoin . It will be great to have a mining capability without paying for electricity

3

Hello,
1 . What is crypto mining?
Ans. In simple words it is giving your device resources such as CPU, to help calculate the transaction of cryptocurrency.

2 . How will miners get paid?
Ans. Miners are paid directly to their crypto wallets (some times there is also a fee if u use a third-party mining software)

3 . If anyone wants to become a crypto miner what do they have to do/ requirements?
Ans. Anyone can start mining on their pc it self. Which is a trend nowadays.
If you are mining on pc. Things u will need:

  1. A good GPU and(or) CPU
  2. A good ventilation and cooling for the hardware.
  3. A reliable software:
    1 Kryptex (Recommended) (Referral)
    2 MinerGate (A few issues with some hardware.)
    3 Nice Hash (A few things are bad cant remember what)

Then there is cloud mining which is not recommended.
for cloud mining: Genesis mining

External reference for GPU: https://www.kryptex.org/en/best-gpus-for-mining

1 Like
4

Can we deploy mining on cloud platform like AWS, collab, etc?

5

I have done it on aws. but its not profitable