I don't know much about it either, but here is my VERY basic understanding of it...
- Get a wallet
- Buy a bunch of GPUs
- Install some mining software and configure it
- Run that shit all day and use a bunch of power depending on the configuration
- ???
- Profit, hopefully based on the wide swings of value
That's honestly probably the most simple explanation I've heard for something that's always been pretty abstract for me. So thank you. Truly.You end up as decentralized computing power for a transaction processing system.
Imagine if Mastercard had an app you could run on your computer and get US Dollars in exchange for how much compute power you offer to the overall processing power of Mastercard's transactions.
That's how crypto mining works.
Each cryptocurrency BTC, ETH, LTC, etc needs computing power to process the transactions on the blockchain.
You offer that compute power, and as a reward the newly minted bits of BTC or ETH or w/e you are "mining" are granted to you for contributing to the overall running of the decentralized processing of the transactions.
It honestly isn't that complicated.
That's honestly probably the most simple explanation I've heard for something that's always been pretty abstract for me. So thank you. Truly.
You end up as decentralized computing power for a transaction processing system.
Imagine if Mastercard had an app you could run on your computer and get US Dollars in exchange for how much compute power you offer to the overall processing power of Mastercard's transactions.
That's how crypto mining works.
Each cryptocurrency BTC, ETH, LTC, etc needs computing power to process the transactions on the blockchain.
You offer that compute power, and as a reward the newly minted bits of BTC or ETH or w/e you are "mining" are granted to you for contributing to the overall running of the decentralized processing of the transactions.
It honestly isn't that complicated.
They did the same shit with me when I bought a bunch of shit a few weeks ago. Sitting here happily with my Ryzen 7 5700G, 64 GB of RAM and super fast SSD cause you miners are ruining it for me. Also moved to a 34" ultrawide instead of 2 monitors and I LOVE it.Btw I am irritable because Newegg is texting me more than a clingy gf whomst has been kicked to the curb.
Lmao they just keep texting me for every fucking item "XYZ$ has been successfully charged for your order!" as each item is processed and shipped.
Like, guys.... I know how much fucking money I spent, I wanted to do it one time... not have a website nag at me like an angry wife who had no idea I was going to build a crypto mining rig.
They did the same shit with me when I bought a bunch of shit a few weeks ago. Sitting here happily with my Ryzen 7 5700G, 64 GB of RAM and super fast SSD cause you miners are ruining it for me. Also moved to a 34" ultrawide instead of 2 monitors and I LOVE it.
Humble advice;
Do not say you are good at a PVP game without having proof you are or not knowing the internet keeps track of leaderboards dating back to 2004.
Thanks
Kinda related. I just built a new PC, minus a GPU because prices are stupid right now. Been on a MB Pro forever. Didn't build with the intent of gaming...just dev work, photography and some video editing was the primary purpose outside the day to day stuff.
Started playing Forza Horizon 4 and I can get around 60fps at 1080p on medium settings with the integrated chip graphics. Having fun with it so far. Will probably add a GPU when prices drop. I may be hooked despite swearing off PC gaming for over a decade.
did you buy it?I'll be damned. I won the Newegg Shuffle for a 3080Ti.
Which is to say, I won the right to pay $2000 for a video card and a mobo I don't need but have to get because it's a combo deal.
Decisions, decisions.
God no.did you buy it?