For sure what could be some of the best crypto currency mining techniques that investors should be aware of. A part from choosing a very trusted but legit mining platforms?
The best mining strategies
- Thread starter Stardom22
- Start date
Investors should also be aware of different types of mining algorithms, like Proof of Work (PoW) and Proof of Stake (PoS). They should understand the differences between these algorithms and choose the one that best suits their investment goals.
For me l have to learn more on the Pow and the POS for that matter. I really have some limited knowledge about it.
There are many resources available online, including articles, videos, and forums where you can learn more about POW and POS.
The cryptocurrency mining is indeed needs heavy machinery and high supply of electricity that is very expensive for that matter.
Since before 2016 I have joined many cloud mining sites, such as Eobot etc. Of course now I have left, but in my experience the cloud mining reward is very small, and there are many cloud mining scam sites, so you have to be careful.
I believe first of all you have to choose the Right Cryptocurrency that are less competitive and can be mined with standard hardware.
and then keep an eye on cryptocurrency trends, regulations, and technological advancements. Adjust your strategy based on market shifts to maximize profits.
and then keep an eye on cryptocurrency trends, regulations, and technological advancements. Adjust your strategy based on market shifts to maximize profits.
