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Reply to "Is there a blockchain and crypto for dummies? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote] Surprised you aren’t spending more in electricity than you mine with late rig?[/quote] 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.[/quote]
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