Is there a blockchain and crypto for dummies?

[Anonymous]

Anonymous wrote:Personally, I have never invested in crypto but from Fall to Summer I mine on my video cards. This mining is how transactions are confirmed. Miners (mining pools) get rewarded to confirming transactions by receiving credits known as crypto currencies. I have made about $4000 during the last two recent big runs and basically heat my house as a side benefit.

make it while you can, proof of stake is going to kill miners

[Anonymous]

Anonymous wrote:Personally, I have never invested in crypto but from Fall to Summer I mine on my video cards. This mining is how transactions are confirmed. Miners (mining pools) get rewarded to confirming transactions by receiving credits known as crypto currencies. I have made about $4000 during the last two recent big runs and basically heat my house as a side benefit.

Surprised you aren’t spending more in electricity than you mine with late rig?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think blockchain and crypto is exclusively for dummies.

Crypto is, blockchain is not.

this

[Anonymous]

Are you a single male “disrupter” looking for a way to combine your love of gambling and conspiracy theories? Do you often find yourself telling people how smart you are? Have you ever considered a career in public service and thought hell no, I’d prefer the promise of “financial freedom” for my descendants on Mars that comes with being one of the first adopters of a digital coin that no one else can comprehend and appears to serve no purpose…YET? Do you hate financial stability? If the answer to all of these is yes…

[Anonymous]

This is pretty good:

https://www.nytimes.com/interactive/2022/03/18/technology/cryptocurrency-crypto-guide.html

[Anonymous]

Anonymous wrote:People I hang with throw around these words and I want to understand!

People who throw around these words usually don't know what they are talking about either...and they aren't making money like they would have you believe. I would nod along politely and walk away.

[Anonymous]

Isn't this post like 5 years late? Most ppl made their millions already and cashed out during this years crash, no? Plus, I thought we hadn't seen bottom yet but I'm not following closely.

[Anonymous]

Anonymous wrote:Are you a single male “disrupter” looking for a way to combine your love of gambling and conspiracy theories? Do you often find yourself telling people how smart you are? Have you ever considered a career in public service and thought hell no, I’d prefer the promise of “financial freedom” for my descendants on Mars that comes with being one of the first adopters of a digital coin that no one else can comprehend and appears to serve no purpose…YET? Do you hate financial stability? If the answer to all of these is yes…

I see you've met my chiropractor.

[Anonymous]

best book:

https://www.amazon.com/Basics-Bitcoins-Blockchains-Introduction-Cryptocurrencies/dp/1633538001/

[Anonymous]

Anonymous wrote:This is pretty good:

https://www.nytimes.com/interactive/2022/03/18/technology/cryptocurrency-crypto-guide.html

Op here - this one is v helpful!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Personally, I have never invested in crypto but from Fall to Summer I mine on my video cards. This mining is how transactions are confirmed. Miners (mining pools) get rewarded to confirming transactions by receiving credits known as crypto currencies. I have made about $4000 during the last two recent big runs and basically heat my house as a side benefit.

Surprised you aren’t spending more in electricity than you mine with late rig?

I currently have three video cards and after electricity costs I can make about $1.75 a day. I don't like to mine in the summer due to the heat created. I could move all the cards into a computer in the garage but it is not worth the hassle to me at the moment. I'll start mining again in late September when temps cool off again. The cards generally raise my average house temp by 10 degrees or so. My wife actually prefers this heat over running the natural gas system in the house.

I used to mine in my utility room next to our hybrid water heater. Basically the mining heat would be used to heat the hot water in the house, but it is a bit noisy and my wife works from home now.