Website Hosting for Just 20 ForumCoin ~ Advertise on ForumCoin
ForumCoin is an online community where you earn ForumCoin for making posts and for referring other members. You can use the ForumCoin virtual currency to buy and sell goods and services and to exchange for traditional currencies. Find out more!
Questions and discussions related to business, making money online, cryptocurrencies, etc.
Forum rules
Please ensure that all posts contribute positively to the discussion and are quality posts. Any low quality posts will be deleted. Please read "What makes a worthwhile post? before posting. This section is not for questions or topics about Forum Coin and these discussions should instead be posted in our ForumCoin Related Discussions forum. You must not post referral links in this forum.

What is crypto mining?

Postby kat82 » 27 Jul 2025, 08:36

I have read much about this but I don't understand the whole concept. What is crypto mining and is it free?
  • 0

User avatar
kat82
 
Posts: 4,290
Location: Kampala, Uganda
Referrals: 70
Reputation: 332
ForumCoin: 481



Re: What is crypto mining?

Postby Fergal » 30 Jul 2025, 05:11

Mining is how people help to maintain crypto currency ledgers by using their computer's processing pwer to help create new coins and verifying transactions on the blockchain network. You get awarded with coins or portions of coins, for making computer processing power available to support the cryptocurrency.

Mining generally requires a powerful graphics card and it can use up a lot of electricity. To make it profitable, it is good to have access to cheap electricity. It is a very competitive area now.

Is this something you are considering doing kat82?
  • 0

User avatar
Fergal
Site Admin
 
Posts: 14,060
Location: Ireland
Reputation: 2866
ForumCoin: 22,618

Re: What is crypto mining?

Postby billytsr » 30 Jul 2025, 11:00

I don't think they are free. It requires Expensive hardware, electricity, cooling and internet connection. I don't think it is worth a while.
  • 0

User avatar
billytsr
 
Posts: 10
Reputation: 2
ForumCoin: 69

Re: What is crypto mining?

Postby kat82 » 31 Jul 2025, 07:23

Fergal wrote:Is this something you are considering doing kat82?
Yea especially if it requires me not to invest anything. Do you have a clue on where to start from?
  • 0

User avatar
kat82
 
Posts: 4,290
Location: Kampala, Uganda
Referrals: 70
Reputation: 332
ForumCoin: 481

Re: What is crypto mining?

Postby millie998 » 29 Aug 2025, 22:04

Mining isn’t really something you can start for free, it always costs either hardware or electricity. If you don’t want to buy gear yourself, services like hashmole let you rent the mining power and just get payouts, so you can test the waters without setting up a whole rig at home. That might be easier if you just want to see how it works.
  • 1

Last edited by millie998 on 04 Sep 2025, 22:56, edited 1 time in total.
millie998
 
Posts: 95
Reputation: 11
ForumCoin: 48

Re: What is crypto mining?

Postby kat82 » 31 Aug 2025, 06:55

millie998 wrote:If you’re looking to mine without investing anything, it’s gonna be tough. These days mining usually requires serious gear and cheap electricity to make sense. But if you just want to learn the ropes, you can mess around with testnets or CPU-mined coins like Monero using your regular PC. Just don’t expect profits.
An idea that I must test. Monero how do I go about this? More explanation please.
  • 0

User avatar
kat82
 
Posts: 4,290
Location: Kampala, Uganda
Referrals: 70
Reputation: 332
ForumCoin: 481

Re: What is crypto mining?

Postby millie998 » 04 Sep 2025, 22:57

kat82 wrote:
millie998 wrote:If you’re looking to mine without investing anything, it’s gonna be tough. These days mining usually requires serious gear and cheap electricity to make sense. But if you just want to learn the ropes, you can mess around with testnets or CPU-mined coins like Monero using your regular PC. Just don’t expect profits.
An idea that I must test. Monero how do I go about this? More explanation please.


For Monero it’s a bit different because it’s designed to be mined even with normal CPUs, not just fancy ASICs. You can either run something like XMRig on your own computer and point it to a pool, or, if you don’t want to mess with hardware at all, you can rent hashpower through Hashmole and direct it toward a Monero pool. That way you’ll just get XMR payouts without setting up rigs or worrying about electricity.
  • 0

millie998
 
Posts: 95
Reputation: 11
ForumCoin: 48

Re: What is crypto mining?

Postby kat82 » 05 Sep 2025, 04:44

millie998 wrote:
kat82 wrote:
millie998 wrote:If you’re looking to mine without investing anything, it’s gonna be tough. These days mining usually requires serious gear and cheap electricity to make sense. But if you just want to learn the ropes, you can mess around with testnets or CPU-mined coins like Monero using your regular PC. Just don’t expect profits.
An idea that I must test. Monero how do I go about this? More explanation please.


For Monero it’s a bit different because it’s designed to be mined even with normal CPUs, not just fancy ASICs. You can either run something like XMRig on your own computer and point it to a pool, or, if you don’t want to mess with hardware at all, you can rent hashpower through Hashmole and direct it toward a Monero pool. That way you’ll just get XMR payouts without setting up rigs or worrying about electricity.
This looks pretty easy as it sounds. Do I need special machines or computer to start with Monero?
  • 0

User avatar
kat82
 
Posts: 4,290
Location: Kampala, Uganda
Referrals: 70
Reputation: 332
ForumCoin: 481

Re: What is crypto mining?

Postby Padmavati753 » Yesterday, 14:45

Crypto mining involves using computer power to solve complex mathematical problems that validate transactions on blockchain networks. It's not free, as it requires significant resources like hardware and electricity.
  • 0

Padmavati753
 
Posts: 122
Reputation: 5
ForumCoin: 52



Your Ad Here.

Return to Business, Money & Wealth - BMW Forum



Who is online

Users browsing this forum: Meta [Bot] and 10 guests

cron
Reputation System ©'