Thank you. I will be sue to check it out. When you say that you can claim it every 24 hours it makes it sound a lot like a daily faucet where you can make a single claim every single day. Hopefully the value fo this token is high, especially with the current crypto market.
I suggest to start now if you're planning to mine pi. The amount of coin we can earn per hour decreases when a lot of members are using the app. Back then it was 0.29 but now it's only 0.15/hr. Also, if you a referral, you mine more pi. In my case, I don't have a referral, that's why I mine so low.
Another viable option could be if instead of mining on your own machine, or looking for a mining pool that the user instead relies on cloud mining facilities .There are many of these facilities however that are not legit and therefore this will require a lot of research to find a good one. however these facilities have the equipment and therefore you are essentially paying to rent out the equipment at their site to get the rewards.
You need those kinds of mining equipments when you joined mining pool network, to share mining block with other miners. That's when you'll be tasked to provide some of your own equipments to facilitate mining.
What do you mean that mining is a mind game? Also, without eh proper equipment when it comes to mining you are likely to damage your machine much more than you will earn in any scenario and this will also cost you more in operation costs. therefore can you please elaborate as to how this will be considered to be profitable?
Yeah, it is much more safer because you can monitor the whole activities and all the miners can effect decision instead of just Investing your money in pool mining and waiting for return on investment..
That's true, just investing your money with cloud mining network won't bring in adequate income, sometimes losses becomes the name. The best is the one we are discussing, being among the miners that share same block of mining by contributing with different mining tools/hardware's to faster up mining processes.
I do see where you are coming from and what you are saying does make sense. To be honest, I am not well versed when it comes to mining pools and so i will definitely look into it more in the future. I think that cloud mining becomes unprofitable when the plans change or if the price had to substantially reduce, however the security of cloud mining can be a concern sometimes. I once invested over a hundred dollars into a cloud mining site that later that month closed and the website was taken offline.
I was totally unaware from this type of Concept please also let me know about mobile phones can I start mining at my mobile phone?
Chaii, most cloud mining platforms are not legitimate, they claim to be, but they are not. They don't mine Bitcoin, they just hide on the shadows to defraud people off their hard earned money. You need to make research about any income program you're about joining before confirming your membership there.
In my opinion though, software does not have an effect on your mining. The mining effect is determined by the equipment that you have for example in the mining rigs. There are many software that are out there that claim that they can increase your mining on your laptop and make it more profitable with higher hash rates, however this in my past experience has been a scam, as a software cannot push your laptop beyond what is physically possible based on its CPU.
I agree with you. The problem with mining on your laptop at this time is that most coins have undergone many halving events such as bitcoin, litecoin and Ethereum and as such, the difficulty to mine them is much higher than it was initially. Perhaps when the coin first came out, the ease of mining would have been much easier, however after each halving event this gets harder and harder, reducing your rewards. Coins like dogecoin do not have any halving events and as such their mining difficulty remains the same.
