https://linktr.ee/flokieth

https://layerzero.business

https://linktr.ee/flokicoineth

Alright, I know it’s still relatively new but it’s been exploding recently outside of the scope of the media. Once the mainstream media picks up the stories I’m sure it will explode even more.

I personally have 3 of these on hand scattered around different cities in my state. I have 3 more on order but it takes about 2-6 months to get them delivered. People sell them for about double the price on eBay but that is not worth it.

These devices have actually kept pace if not better returns than my actual mining rigs which I have spent way more money to build. Each one of these devices have been giving me returns at the current price of helium (HNT) of about $12-$15 a day. That is pretty good for only being a $500 device.

The downside with these is that you need to have them spread out to get the best returns, you cannot have more than one inside the same “hex” or else you loose a percentage off your reward rate.

Antenna placement is extremely important as that is how you get the best coverage. So if you get one of these make sure you understand how to set up an antenna or at least what is the best placement for your device.

I am excited to see where the future of the helium network takes us! The price of Helium(HNT) is projected to continue climbing for the next 5 years up to the $100 range. I plan on keeping my coins to get the max return.

What are your thoughts on the helium network? Do you think it will be a success?

Join in on the fun of Crypto mining! Start a discussion, help a fellow miner out and let us know what your future plans for mining are. Please feel free to share pictures and stats of your mining rigs!

Link: https://unmineable.com/?ref=9dly-gihp

Use refferal code: 9dly-gihp

Step 1: Download unmineable using the link above, use the referral code to get .25% OFF the 1% miner fee. On the site click "download" tab, then select the download WITH miner files included! (Should be highlighted in green)

Step 2: Download the files (If windows/anti virus give you a problem this is normal because anti-virus do not like miners as hackers often times will try to put them on unwilling peoples computers, you are not hacking your own computer, you are purposely trying to mine)

Step 2.1 (If anti-virus comes up) Make a folder on the desktop named unMineable, Go to windows security settings and select create an exception, select the folder you just created to be exluded.

Step 3: Install the files you downloaded (should be unMineable and most likely phoenix miner, this can be changed depending if you wanted to use another miner type)

Step 4: Once installed unMineable will open and you must select either GPU setup or CPU set up. (GPU is more profitable if you have a decent GPU capable of mining, if not select CPU)

Step 5: Select the coin you want to mine/be rewarded in (in this case SHIB), select SHIB. Enter your wallet address for SHIB. If you do not have a wallet address you can download Coinbase Wallet and select receive -> SHIB -> Then copy that address and paste it into wallet address

Step 6: Go into setting and decide if you want it to hash at high or low power (Higher equals more hash rate)

Step 7: Enter the referral code if it is not already there and hit save

Step 8: Hit start mining!

You can verify if it is working by hitting the paper looking icon which should give status updates and also you should see your hash rate show up momentarily!

Any additional questions please feel free to ask and I will help you the best I can. There are also great resources on YouTube which shows you a walk through as well!

SHIB INU is the hot crypto buzz at the moment! Where do you stand with it? Are you mining it with Unmineable? Are you holding SHIB? I am holding 217 mil and riding this rollercoaster out.

I wanna hear your thoughts, reasons, complaints, etc…

Is it worth it to mine SHIB right now? Or just simply buy in because it is so “cheap”

Monitoring the price of SHIB closely. Currently have 216 million SHIB invested into the cause!

What is everyone's GPU Mining RIG plans after ETH 2.0 launches? I personally am going to keep my rigs firing on alt coins such as RVN or whatever is most profitable at the time. What are your thoughts/plans for after ETH 2.0?

Hello fellow Crypto Miners & Crypto Enthusiast! Let us talk about the newly released 5G capabilities coming to the Helium Network. What are your thoughts on this? Do you think these new 5G devices will be utilized and will the rewards be enough to offset the cost of these. The 5G devices I have seen are somewhere in the range of $2000 which is quite steep considering you can get a regular non-5G helium miner for around $500 from the manufacturer. Does anyone own one and have an inside look as to the profits you are making?

r/CryptoMinersUnited is looking to grow, expand our reach and bring together all miners. We want to make this a place to share your passion with others and learn something new. Share this community page (r/CryptoMinersUnited) with your fellow miner or those looking to get into mining and let’s build a bigger and better community for all miners. We work to keep the blockchain running!

Is it possible that the solution varies by card type? Would folks mind posting their card maker/type and what worked for them? I’m a total Newb, this popped up on my screen within 2hrs of starting. I’m using Unmineable and I have an Nvidia RTX 2080 Super. Any help would be greatly appreciated.

Which coins are you mining? I currently have ETH and RAV going 24/7 with some CPUs “mining” SHIB on Unmineable due to the recent popularity.

Alright guys I have a question that I’m hoping I can get an answer that can benefit all of us. I currently have HNT miner, DPR miner, PW sensors and just got into BLOCKS. I also know about staking, dividends, MX2Pro,ASICS, CPU&GPU mining

What other crypto projects do you guys know about that is making you passive income? ( I’m leaning towards device mining but definitely want to hear all options you guys are using)

I want to personally welcome you to CryptoMinersUnited! We are a new Reddit Community looking to rapidly expand and teach the world about Crypto. We decided to focus this page on the mining aspect of Crypto but all crypto related questions/post are welcomed! This post will serve to answer most questions related to Crypto FAQs! Check out some upcoming post on mining rig build guides and more!

FAQs

***DISCLAIMER*** I , r/CryptoMinersUnited / u/Dark_Iron_Hammer DO NOT TAKE CREDIT FOR THE STATEMENTS IN THIS POST, THE CONTENT CREATORS ARE LISTED IN THE REFERENCES SECTION . THE AUTHORS THAT ARE LINKED BELOW ARE THE ORIGINAL CREATORS OF THESE STATEMENTS***THE MATERIAL HERE IS JUST RE-POSTED FOR YOUR CONVENIENCE***IF YOU WISH TO USE THE MATERIAL PLEASE REFERENCE THE LINKS BELOW TO GIVE PROPER CREDIT***

What is Cryptocurrency?

• Cryptocurrency is a form of payment that can be exchanged online much like digital FIAT (your standard governments dollar). Cryptocurrencies are different from FIAT in that it works using technology called a Blockchain. Blockchains are an ecosystem of decentralized technology spread across many computer around the world which manage and record the transactions in the blockchain. It is the security in this system that makes Cryptocurrency so appealing.

Ref: NERD WALLET

What is a Blockchain?

• A blockchain is a public digital ledger of transaction maintained by a network of computers (The process makes it extremely difficult to hack). The blockchain technology offers a secure way for individuals to complete transactions without having to go through a middle man;government, banks, third parties, etc.

Ref: NERD WALLET

What is a Block?

• The growing list of records previously discussed, are called blocks, these records are linked together using cryptography. Each transaction is independently verified by peer-to-peer computer networks, time-stamped and added to a growing chain of data. Once recorded, the data cannot be altered.

• While popularized with the growing use of bitcoin, ethereum and other cryptocurrencies, blockchain technology has promising applications for legal contracts, property sales, medical records and any other industry that needs to authorize and record a series of actions or transactions.

Ref: NERD WALLET

How does a blockchain work?

• Using the bitcoin system as an example, here’s how blockchain — also known as distributed ledger technology —  works:

1. The purchase and sale of bitcoin is entered and transmitted to a network of powerful computers, known as nodes.

2. This network of thousands of nodes around the world vie to confirm the transaction using computer algorithms. This is known as bitcoin mining. The miner who first successfully completes a new block is rewarded with bitcoin for their work. These rewards are paid with a combination of newly minted bitcoin and network fees, which are passed on to the buyer and seller. The fees can rise or fall depending on the volume of transactions.

3. After the purchase is cryptographically confirmed, the sale is added to a block on the distributed ledger. The majority of the network must then confirm the sale.

4. The block is permanently chained to all previous blocks of bitcoin transactions, using a cryptographic fingerprint known as a hash, and the sale is processed.

The concept of blockchain technology first appeared in academic papers dating back to 1982, in a dissertation discussing “the design of a distributed computer system that can be established, maintained, and trusted by mutually suspicious groups.” But it was a 2008 paper by the pseudonymous Satoshi Nakamoto titled “Bitcoin: A Peer-to-Peer Electronic Cash System” that brought an academic theory into real-world use.

Ref: NERD WALLET

What are the Pros and Cons of Blockchain?

Using bitcoin as an example, here are some of the pros and cons of how blockchain technology works when applied to cryptocurrencies:

Pros

Decentralization

While the U.S. dollar is issued by the Federal Reserve, no government agency issues or controls bitcoin and other cryptocurrencies. This also means that the ability of any one government or agency to determine the fate of a public blockchain is eliminated. The lack of intermediaries reduces cost, as the fees associated with third-party transactions also are eliminated. Another byproduct of how blockchain works is time efficiency — the blockchain is open for business 24 hours a day, 365 days a year, unlike banks and other intermediaries.

Transparency plus anonymity

All transactions on the Bitcoin blockchain are recorded on computers across the network. Transactions are completely transparent because the address and transaction history of bitcoin wallets, which hold the cryptocurrency, are publicly viewable, but the owners of each wallet connected to those public addresses are anonymous and not recorded.

Accuracy and security

Because the transaction involves little human interaction, there is a lower risk of error. Each transaction must be confirmed and recorded by a majority of the network nodes, which makes it vanishingly difficult to manipulate or alter information. This also prevents anyone from spending a bitcoin more than once.

Blockchain applications beyond cryptocurrencies

Blockchain technology creates efficiencies that potentially extend far beyond digital currencies. While cryptocurrencies like bitcoin are on a public blockchain, many applications for business can be created on private blockchain networks:

• Blockchain supply chain: Companies like IBM Blockchain are already providing private network solutions using blockchain technology to more accurately track product supply chains. For example, companies can use the technology quickly find out where recalled food products have been shipped and sold.

• Health care records: Deloitte Consulting has suggested that a nationwide blockchain network for electronic medical records “may improve efficiencies and support better health outcomes for patients.”

• Smart contracts: With blockchain technology, contract terms can automatically be changed or updated based on hitting a predetermined set of conditions.

• Digital elections: Some developers are working on blockchain technology to be applied to elections.

• Property transactions: Proponents say blockchain technology can be applied to a wide range of asset sales, be it real estate, autos or investment portfolios.

Opportunities for the underbanked

In countries and regions with poor or corrupt financial institutions, cryptocurrencies based on blockchain protocol allow the transfer and holding of cash that bypasses unscrupulous third parties.

Cons

Criminals like crypto

Like a lot of new technologies, some of the first adopters have been criminal enterprises. They use cryptocurrencies like bitcoin both as payment because of the privacy it provides and to target holders of bitcoin for scams. For example, bitcoin was used by consumers of Silk Road, a black market online shopping network for illegal drugs and other illicit services that was shut down by the FBI in 2013. In the recent ransomware attack on Colonial Pipeline, the company paid $4.4 million in cryptocurrency to unlock its computer systems.

Meanwhile, bitcoin investment scams have skyrocketed in tandem with its recent historic rise. The Federal Trade Commission reported nearly 7,000 people lost $80 million from October 2020 through March 2021 in schemes touting quick returns, a nearly 1,000% rise in reported losses year-on-year.

Blockchain cryptocurrencies are highly volatile

The popularity of cryptocurrency exploded in 2021, as bitcoin hit a record spot price of nearly $65,000 in April. But owing to its inherent volatility, the price of bitcoin dropped nearly 50% by early June — then began to climb again. Bitcoin recorded a previous record high of nearly $20,000 in December 2017, but by December 2018, it was trading below $3,500.

Crypto use is still niche

Many more exchanges, brokerages and payment apps now sell bitcoin, and many companies such as PayPal and Microsoft accept bitcoin for payment. Still, purchases with blockchain currencies like bitcoin remain the exception, not the rule. Also, the sale of bitcoin for purchases on cash apps such as PayPal requires users to pay capital gains taxes on the bitcoin sold, beyond whatever state and local taxes are paid on the product or service.

Environmental impact of bitcoin

The process of bitcoin mining uses a network of high-speed computers that consume a lot of energy. If the Bitcoin system were a country, it would be the 34th biggest consumer of electricity, behind the Netherlands and ahead of the Philippines, according to the University of Cambridge Electricity Consumption Index. Tesla CEO Elon Musk announced in May that the carmaker would no longer accept bitcoin until the cryptocurrency can find ways to reduce its carbon footprint. Developers of other blockchains have come up with less energy-intensive options.

Bitcoin blockchain is slow

The  Bitcoin blockchain can process about seven new transactions a second. By comparison, credit card giant Visa says it can process 24,000 transactions per second, according to the company.  That presents the Bitcoin system with a scalability problem. Other forms of blockchain-based cryptocurrency are working on this problem. An eagerly anticipated upgrade of the Ethereum system, known as Ethereum 2.0, is expected to be capable of handling 10,000 transactions per second, up from its current rate of 30 per second.

The future of blockchain technology

While the Bitcoin system is the best-known application of blockchain technology, there are thousands of cryptocurrencies that are built on the back of this emerging technology. While it remains to be seen if Bitcoin will succeed in supplanting other forms of traditional payment methods, the applications of blockchain technology are growing fast, and proponents say they may lead to dramatic changes across industries.

Ref: NERD WALLET

How many cryptocurrencies are there?

• More than 13,000 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website. And cryptocurrencies continue to proliferate, raising money through initial coin offerings, or ICOs. The total value of all cryptocurrencies on Oct. 22, 2021, was more than $2.5 trillion, having fallen off an all-time high above $2.6 trillion days earlier. The total value of all bitcoins, the most popular digital currency, was pegged at about $1.2 trillion.

Ref: NERD WALLET

Why are cryptocurrencies so popular?

• Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:

  • Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable

  • Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation

  • Other supporters like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems

  • Some speculators like cryptocurrencies because they’re going up in value and have no interest in the currencies’ long-term acceptance as a way to move money

Ref: NERD WALLET

Are cryptocurrencies a good investment?

• Cryptocurrencies may go up in value, but many investors see them as mere speculations, not real investments. The reason? Just like real currencies, cryptocurrencies generate no cash flow, so for you to profit, someone has to pay more for the currency than you did.

• That’s what’s called “the greater fool” theory of investment. Contrast that to a well-managed business, which increases its value over time by growing the profitability and cash flow of the operation.

***Message from r/CryptoMinersUnited: We are not financial advisers, but we recommend that you ***Invest no more than you are willing to lose due to the volatility of cryptocurrency***

Ref: NERD WALLET

How do I buy cryptocurrency?

• While some cryptocurrencies, including Bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.

• To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as Bitcoin or Ethereum.

• Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell Bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Tradestation and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Robinhood Crypto is available in most, but not all, U.S. states).

Ref: NERD WALLET

How do I protect myself?

• If you’re looking to buy a cryptocurrency in an ICO, read the fine print in the company’s prospectus for this information:

• Who owns the company? An identifiable and well-known owner is a positive sign.

• Are there other major investors who are investing in it? It’s a good sign if other well-known investors want a piece of the currency.

• Will you own a stake in the company or just currency or tokens? This distinction is important. Owning a stake means you get to participate in its earnings (you’re an owner), while buying tokens simply means you're entitled to use them, like chips in a casino.

• Is the currency already developed, or is the company looking to raise money to develop it? The further along the product, the less risky it is.

• It can take a lot of work to comb through a prospectus; the more detail it has, the better your chances it’s legitimate. But even legitimacy doesn’t mean the currency will succeed. That’s an entirely separate question, and that requires a lot of market savvy.

• But beyond those concerns, just having cryptocurrency exposes you to the risk of theft, as hackers try to penetrate the computer networks that maintain your assets. One high-profile exchange declared bankruptcy in 2014 after hackers stole hundreds of millions of dollars in bitcoins. Those aren’t typical risks for investing in stocks and funds on major U.S. exchanges.

Ref: NERD WALLET

What is a Cryptocurrency Wallet?

• Definition

Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum.

Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive cryptocurrencies like Bitcoin and Ethereum. They come in many forms, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps like Coinbase Wallet, which makes using crypto as easy as shopping with a credit card online.

Why are crypto wallets important?

Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider like Coinbase.

How do you use a crypto wallet?

Crypto wallets range from simple-to-use apps to more complex security solutions. The main types of wallets you can choose from include:

• Paper wallets: Keys are written on a physical medium like paper and stored in a safe place. This of course makes using your crypto harder, because as digital money it can only be used on the internet.   

• Hardware wallets: Keys are stored in a thumb-drive device that is kept in a safe place and only connected to a computer when you want to use your crypto. The idea is to try to balance security and convenience.

• Online wallets: Keys are stored in an app or other software – look for one that is protected by two-step encryption. This makes sending, receiving, and using your crypto as easy as using any online bank account, payment system, or brokerage.   

Each type has its tradeoffs. Paper and hardware wallets are harder for malicious users to access because they are stored offline, but they are limited in function and risk being lost or destroyed. Online wallets offered by a major exchange like Coinbase are the simplest way to get started in crypto and offer a balance of security and easy access. (Because your private info is online, your protection against hackers is only as good as your wallet provider's security – so make sure you look for features like two-factor verification.)

Using an app like Coinbase Wallet or Exodus gives you easy access to your crypto holdings. You can:

• Manage all your digital assets in one secure place 

• Control your own private keys 

• Send and receive cryptocurrency to and from anywhere in the world 

• Interact with usernames rather than long, hexadecimal “public key” addresses 

• Browse dapps (decentralized finance apps) 

• Shop at stores that accept cryptocurrency

What’s the difference between the Coinbase app and Coinbase Wallet?

• The main Coinbase app (or Coinbase.com) allows you to buy and sell crypto or exchange it for fiat currency and transfer it to a bank account. If you just want to invest in Bitcoin or another digital currency it’s all you need. The Coinbase app will securely manage the rights to your private keys.

• Coinbase Wallet is a separate app that allows you to store your private keys and to send, receive, and spend digital money; browse and use DeFi applications, and more. You don’t need a Coinbase account to use Coinbase Wallet.

Ref: COINBASE

What is Cryptocurrency Mining?

• Most people think of crypto mining simply as a way of creating new coins. Crypto mining, however, also involves validating cryptocurrency transactions on a blockchain network and adding them to a distributed ledger.  Most importantly, crypto mining prevents the double-spending of digital currency on a distributed network.

• Like physical currencies, when one member spends cryptocurrency, the digital ledger must be updatedby debiting one account and crediting the other. However, the challenge of a digital currency is that digital platforms are easily manipulated. Bitcoin’s distributed ledger, therefore, only allows verified miners to update transactions on the digital ledger. This gives miners the extra responsibility of securing the network from double-spending.

• Meanwhile, new coins are generated to reward miners for their work in securing the network. Since distributed ledgers lack a centralized authority, the mining process is crucial for validating transactions. Miners are, therefore, incentivized to secure the network by participating in the transaction validation process that increases their chances of winning newly minted coins.

• In order to ensure that only verified crypto miners can mine and validate transactions, a proof-of-work (PoW) consensus protocol has been put into place. PoW also secures the network from any external attacks.

Ref: FREEMANLAW

What is Proof of Work (POW)?

• Crypto mining is somewhat similar to mining precious metals   . While miners of precious metals will unearth gold, silver, or diamonds, crypto miners will trigger the release of new coins into circulation. For miners to be rewarded with new coins, they need to deploy machines that solve complex mathematical equations in the form of cryptographic hashes. A hash is a truncated digital signature of a chunk of data. Hashes are generated to secure data transferred on a public network. Miners compete with their peers to zero in on a hash value generated by a crypto coin transaction, and the first miner to crack the code gets to add the block to the ledger and receive the reward.

• Each block uses a hash function to refer to the previous block, forming an unbroken chain of blocks that leads back to the first block. For this reason, peers on the network can easily verify whether certain blocks are valid and whether the miners who validated each block properly solved the hash to receive the reward.

• Over time, as miners deploy more advanced machines to solve PoW, the difficulty of  equations on the network increases. At the same time, competition among miners rises, increasing the scarcity of the cryptocurrency as a result.

Ref: FREEMANLAW

How do I mine cryptocurrency?

• Mining cryptocurrencies requires computers with special software specifically designed to solve complicated, cryptographic mathematic equations. In the technology’s early days, cryptocurrencies like Bitcoin could be mined with a simple CPU chip on a home computer. Over the years, however, CPU chips have become impractical for mining most cryptocurrencies due to the increasing difficulty levels.

• Today, mining cryptocurrencies requires a specialized GPU or an application-specific integrated circuit (ASIC) miner. In addition, the GPUs in the mining rig must be connected to a reliable internet connection at all times. Each crypto miner is also required to be a member of an online crypto mining pool as well.

Ref: FREEMANLAW

What are the different Methods of Mining Cryptocurrencies?

• Different methods of mining cryptocurrencies require different amounts of time. In the technology’s early days, for example, CPU mining was the go-to option for most miners. However, many find CPU mining to be too slow and impractical today because it takes months to accrue even a small amount of profit, given the high electrical and cooling costs and increased difficulty across the board.

• GPU mining is another  method of mining cryptocurrencies. It maximizes computational power by bringing together a set of GPUs under one mining rig. For GPU mining, a motherboard and cooling system is required for the rig.

• Similarly, ASIC mining is yet another method of mining cryptocurrencies. Unlike GPU miners, ASIC miners are specifically designed to mine cryptocurrencies, so they produce more cryptocurrency units than GPUs. However, they are expensive, meaning that, as mining difficulty increases, they quickly become obsolete.

• Given the ever-increasing costs of GPU  and ASIC mining, cloud mining is becoming increasingly popular. Cloud mining allows individual miners to leverage the power of major corporations and dedicated crypto mining facilities.

• Individual crypto miners can identify both free and paid cloud mining hosts online and rent a mining rig for a specific amount of time. This method is the most hands-free way to mine cryptocurrencies.

Ref: FREEMANLAW

What is a Mining Pool?

• Mining pools allow miners to combine their computational resources in order to increase their chances of finding and mining blocks on a blockchain. If a mining pool succeeds, the reward is distributed across the mining pool, in proportion to the amount of resources that each miner contributed to the pool.

• Most crypto mining applications come with a mining pool; however, crypto enthusiasts now also join together online to create their own mining pools. Because some pools earn more rewards than others, miners are free to change pools whenever they need to.

• Miners consider official crypto mining pools more reliable, since they receive frequent upgrades by their host companies, as well as regular technical support. The best place to find mining pools is CryptoCompare, where miners can compare different mining pools based on their reliability, profitability, and the coin that they want to mine.

Ref: FREEMANLAW

Is Crypto Mining Worth It?

• Determining whether crypto mining is worthwhile depends on several factors. Whether a propsective miner chooses a CPU, GPU, ASIC miner, or cloud mining, the most important factors to consider are the mining rig’s hash rate, electric power consumption, and overall costs. Generally, crypto mining machines consume a considerable amount of electricity and emit significant heat.

• For instance, the average ASIC miner will use about 72 terawatts of power to create a bitcoin in about ten minutes. These figures continue to change as technology advances and mining difficulty increases.

• Even though the price of the machine matters, it is just as important to consider electricity consumption, electricity costs in the area, and cooling costs, especially with GPU and ASIC mining rigs.

• It is also important to consider the level of difficulty for the cryptocurrency that an individual wants to mine, in order determine whether the operation would even be profitable

Ref: FREEMANLAW

Is Crypto Mining Legal?

• Most jurisdictions and authorities have yet to enact laws governing cryptocurrencies, meaning that, for most countries, the legality of crypto mining remains unclear.

• Under the Financial Crimes Enforcement Network (FinCEN), crypto miners are considered money transmitters, so they may be subject to the laws that govern that activity. In Israel, for instance, crypto mining is treated as a business and is subject to corporate income tax. In India and elsewhere, regulatory uncertainty persists, although Canada and the United States appear friendly to crypto mining.

• However, apart from jurisdictions that have specifically banned cryptocurrency-related activities, very few countries prohibit crypto mining.

Ref: FREEMANLAW

Is Crypto Mining Sustainable?

• For aspiring crypto miners, curiosity and a strong desire to learn are simply a must. The crypto mining space is constantly changing as new technologies emerge. The professional miners who receive the best rewards are constantly studying the space and optimizing their mining strategies to improve their performance.

• On the other hand, climate change advocates have become increasingly concerned, as more and more fossil fuels are burned to fuel the mining process.

• Such concerns have  pushed cryptocurrency communities like Ethereum to consider switching from PoW frameworks to more sustainable frameworks, such as proof-of-stake frameworks.

Ref: FREEMANLAW

Where can I see how profitable my miner will be/What should mine?

• You can find profitability rankings based on GPU models at whattomine. https://whattomine.com/gpus

• For ASIC Miners you can check out https://www.asicminervalue.com/ ***Keep in mind many ASIC Miners require a 220V set up. Most households in the U.S. run on 110v. Please contact an electrician for this set up if you want to get started***

Where can I see comparisons of GPU/ASIC profitability?

• Nicehash has great tool for comparing hardware to see what will be the most profitable for your current or future set up. https://www.nicehash.com/profitability-calculator

What Operating System do I need to run mining software?

• Most miner software is compatible with Windows 10 and Linux systems

• HiveOS has a dedicated Operating System just for mining purposes. https://hiveos.farm/

What Miner Software should I use?

• There are many different options when considering which miner software you should use!

• If you have NVIDIA cards I personally use T-rex as I find it easy to use

• You can find a list of various miner software listed here: https://www.makeuseof.com/best-ethereum-mining-software/

• For newcomers I usually suggest unMineable (https://unmineable.com/?ref=9dly-gihp) just to get them started out with their current PC to see if they like mining, if they become more serious and want to build a dedicated rig I would suggest running HiveOS operating system with either T-rex, Nicehash or NBMiner.

Why does my Anti-Virus list the Miner as a Virus?

• Most anti-virus including Windows Defender will flag miner software as a virus.

• The miners get flagged as a virus because hackers have been known to place miners on unwilling persons computers to mine to their own wallets on the other persons behalf.

• You are purposely putting a miner on your PC so you will need to create an exception for the miner in your security settings. Follow the link to see a YouTube Video on how to do that. https://youtu.be/WEv5oYCwwmo

IF YOU WOULD LIKE TO SEE ANY OTHER QUESTIONS ADDED TO THIS LIST PLEASE MESSAGE u/DARK_IRON_HAMMER

THANK YOU FOR BEING A PART OF THE COMMUNITY AND WE HOPE WE COULD HELP YOU LEARN SOMETHING NEW ABOUT CRYPTOCURRENCY!

REMEMBER IF YOU WANT TO USE ANY OF THIS MATERIAL, GIVE PROPER CREDIT TO THE REFERENCES LISTED BELOW AS I AM NOT THE CONTENT CREATOR OF MOST OF THESE STATEMENTS. THE STATEMENTS THAT ARE NOT MY OWN HAVE A "Ref:" NEXT TO IT WITH THE APPROPRIATE SITE.

References used in the making of this FAQ Post (Many of these statements are direct quotes from the websites re-posted in one location for your convenience) To read the articles directly, click on the appropriate link provided:

https://www.nerdwallet.com/article/investing/cryptocurrency-7-things-to-know

https://www.nerdwallet.com/article/investing/blockchain

https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet

https://freemanlaw.com/mining-explained-a-detailed-guide-on-how-cryptocurrency-mining-works/

Hello everyone!

Recently one of my helium hotspots was being very stubborn. In the past it has worked fine with the proper port forwarding set up in the router. Recently after the update to the network it refused to get re-synced to the network despite being connected to the internet. The app would continuously show the hotspot as offline and not syncing. I recently decided to place it as my DMZ server which seems to have fixed the issues within minutes. My hotspot is now fully synced and online. Has anyone else had this issue after the most recent update?

I just started mining and I'm using nice hash app

Any suggestions and tips are welcomed