Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Chris Staples]

How do you think the price of graphics cards will fall in the near future?

 

[CarolPelu]

The prices will remain high for at least a year from now.

The demand is high while the chipset production is very low.

It will take at least a year for the market to recover.

 

[Kubiat-Abasi]

I think some of the tools needed to mine cryptocurrencies successfully includes; a compatible mobile device, a laptop, data resources, quality time and a stable electricity supply. Albeit you'd have to be careful because there are so many fradulent mining sites that are booming just to trick you into investing. Mining sites are gradually becoming more like hyips, Binary options and Ponzi schemes.

 

[Ming98]

There are a few different types of equipment that can be used for mining, depending on the type of cryptocurrency you want to mine. For Bitcoin and other Proof-of-Work coins, you'll need an ASIC (Application-Specific Integrated Circuit) miner. For Proof-of-Stake coins, you'll need a GPU (Graphics Processing Unit) miner. And for some coins, like Monero, you can even use a CPU (Central Processing Unit) miner. Each type of miner has its own advantages and disadvantages, so it's important to do your research before investing in any equipment.