
Cryptonote: The future for bitcoin?
The main big 3 coins (Bitcoin, Ethereum, litecoin) difficulty is getting so great that you almost need a warehouse to build enough rigs for profitability.
If that's the case, where does it leave the smaller miners, the average person with an average PC, tablet, smartphone or Mac who wants a piece of the mining action?
With the recent months showing drops in coin values, investors who are not looking at the long term started to abandon ship. Mainly because they had invested so much into hardware that the cost of hydro vs EXPECTED quick payout did not equate.
Along comes the smarter investor, building their machines according to a longer term plan rather than a "get rich quick" scheme.
Cyroptonote coins (Monero, Bytecoin, Monerov, intensecoin, Graft...) to name a few can easily be mined with entry level hardware!
This is the direction I would recommend going forward and most important is looking at the longer term (2-4 years) holding your coins in their respective wallets for the long term payout.
Leave Cryptonote: The future for bitcoin? to:
Read more #cryptonote posts
Best Posts From Sohosynergy
We have not curated any of sohosynergy's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Sohosynergy
- How-To's: Your opportunity to decide what I post.
- Cryptonote: The future for bitcoin?
- New coin to watch: Electroneum (ETN)
- Cryptomining with a "cheap" server.
- Microsoft Office Suite for 5 "family" members only $14 a month INCLUDING 1 Terabyte of storage with Onedrive. Beats GoogleDrive.
- Question for existing and new Cryptocoin miners:
- Cryotocoin mining for the rest of us!
- B3Coin (KB3) - The next big altcoin?
- Tech Tip #1: Ever wonder what software a computer technician might have in their toolkits? Here's some that I use!
- Inroduction