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Not to defend this practice at all, but when I was looking into crypto mining a fair bit ago, the bar to entry was quite large even for someone in the tech spac
by cronix 5y ago
Not to defend this practice at all, but when I was looking into crypto mining a fair bit ago, the bar to entry was quite large even for someone in the tech space. There didn't seem to be a simple app you just download and start. You have to know a lot of stuff. I don't know why more companies haven't come out and made crypto mining easier for the masses who just use apps but don't make them. It seems like low hanging fruit. There could be something available now...I haven't really researched as I'm not really passionate about this space and seemed more trouble than it was worth to get started with the time I was willing to put in. I just thought it was odd that there wasn't something with a simple interface you could just hit "mine" with maybe a couple of radio button options and away you go. I'm sure we will see a lot more larger/mainstream companies dipping their toes in, maybe even at the OS level to capitalize on it. There is a market for it and I'm guessing it's quite large, probably larger than the current crypto market which is kind of niche, just likely not many potential customers in the HN type crowd.
- SpliffnCola 5y agoNiceHash is what you're looking for.
- hi5eyes 5y agonicehash is fairly easy, even using regular miners like trex, gminer take almost no effort
- jermaustin1 5y agoThere have come along "apps" that make it easier, but their cost is high. Usually in the exchange rates they offer you to cash out of it. Kryptex.org comes to mind. The other month when BTC was at $60+k they were offering an exchange rate of low $50k. Basically a ~17% discount on the rate. That is a big fee, especially when you then ask to be cashed out to some other method they then charge 10-20% for (like USD bank transfers, etc). Best bet is to install something like T-Rex miner, hook it to some pool and forget about it once you learn the 1 line bat file you need.
- pavlov 5y agoMining on PCs makes no financial sense if it's your own hardware. If you're stealing someone else's CPU cycles and you have a large enough base of PCs, it can be profitable.
- im3w1l 5y agoThis is just not true. Even the original bitcoin software came with both mining (possible to turn on and off) and wallet builtin.
- low_tech_love 5y agoMainly because it is impossible to do it in a profitable way without some kind of custom setup (unless you have free electricity, but please don’t do it in your uni or office…)
- BlueTemplar 5y agoIf your heating is already (resistive) electric, then it is basically "free" electricity, isn't it ?
- baobabKoodaa 5y agoYes.