It seems like a scene out of a late night infomercial. A man steps out of a fancy car, or off of a big expensive yacht, and starts his sales ram bitcoin mining. Make thousands, tens of thousands, or hundreds of thousands of dollars all from the comfort of your own home.
With over 90 different cryptocurrencies on the market, alt coin miners have a plethora of options to choose from. And just like stocks, there are blue chip coins and penny share coins. Blue chip cryptocurrencies like bitcoin and litecoin are considered safer coins to mine, offering more reliable payouts, as investors are actively looking to buy these digital coins. Pink sheet alt coins, like the meme-based dogecoin or the darknet-intended anoncoin, give miners better net-gain potential. 0004 per coin, or four hundredths of a cent.
Here’s where the rubber meets the road: hardware. Building a computer, whether for home use or alt coin mining, is a complicated undertaking mired in a myriad of choices that even the most tech-savvy person might find confusing. There are many different factors one has to consider, but in the case of cryptomining, luckily some of those factors are simplified. In the early days of mining, CPU processing power was the most important factor to consider. Simple, low power and traditionally slower CPUs are the best to go with as these specialty computers will only be performing one task. Power-supply units and GPUs have a reciprocal relationship.