BASICS OF MINING :
It's a process in which you lend your computer's or graphics card's calculating power to solve complex problems or easy one (depends on the coin) and validating a transaction, then you will be rewarded for it depending on your hashrate (computational power per second used when mining)
Its the rate of solving problems as we discussed above. It's determined by your GPU or ASIC miners. Higher the number, greater the earning, greater the power consumption.
Graphics Cards:
There are mainly two graphic card companies out there; AMD and Nivida. People usually use Nivida graphics card as they are reliable and have a large community.Most commonly used are 3000 series and 1600 series. They offer a decent hashrate and less power consumption than ASIC miners. I personally mined on laptop with a 1650ti graphics card which gave me 1.5$ everyday (power consumption may be 0.25$).
How to mine:
First of all set up your mining rig. There are plenty of tutorials on YouTube u can look out.
I personally used unmineable and 2 miners as pools as they are reliable. Minimum payout differs from website to website. Usually they don't charge any fees while withdrawal.
* Cross check your wallet address. Even a small mistake and you recieve no coins.
Check with your authorities if mining crypto is legal or not.
Hacks to mine (choosing a coin) :
Mine a coin with good fundamentals.
* I don't recommend bitcoin as it's not profitable if you have less hashrate.
* Mine a coin which you think will go up in price.
* I mined Shiba inu during May till September. Then price really pumped up. I sold em and bought some coins like Polkadot, MANA, CHR.(not a financial advice).
Mining is an easy way to earn crypto if you have the nesssary resources. I couldn't explain more clearly as I'm posting from a mobile for the time. Feel free to ask any questions in the comments. Have a great day!
