Tadano on Nostr: hazlin no plap pirate Monero's ASIC resistant, you can't get any decent ASIC machines ...
hazlin no plap pirate (nprofile…rs6s) Monero's ASIC resistant, you can't get any decent ASIC machines to mine it like Bitcoin. CPU mining is the most viable option but it's not a terribly profitable enterprise to invest in equipment specifically for monero mining. At most you'll get a few cents a day using a beefy desktop CPU at full capacity.
As for Bitcoin, as tempting as it is to invest in a serious miner the things are fucking loud, consume assloads of power, need to get swapped out after a few years to compete and it'll probably have another downturn in a few months which makes buying some low a more viable option.
All this to say to me it seems like there's no significantly profitable way to mine crypto (or at least non-shitcoins) without high upfront investment and high maintenance overhead. Oh and that's not even getting into the PoS ponzi scheme where you need to hold a high amount of crypto to mine the damned thing. I don't know if anyone on fedi managed to do a decently profitable small-scale operation but I'm curious if someone managed it.
Addendum: how the fuck do I buy Monero without giving some exchange my credit card details and without needing to buy BTC/ETH first
As for Bitcoin, as tempting as it is to invest in a serious miner the things are fucking loud, consume assloads of power, need to get swapped out after a few years to compete and it'll probably have another downturn in a few months which makes buying some low a more viable option.
All this to say to me it seems like there's no significantly profitable way to mine crypto (or at least non-shitcoins) without high upfront investment and high maintenance overhead. Oh and that's not even getting into the PoS ponzi scheme where you need to hold a high amount of crypto to mine the damned thing. I don't know if anyone on fedi managed to do a decently profitable small-scale operation but I'm curious if someone managed it.
Addendum: how the fuck do I buy Monero without giving some exchange my credit card details and without needing to buy BTC/ETH first