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[microunit]

There are miners out there that are making fortune running mining farms. And seeing those people some people are also trying to get into mining to also get those kinds of profits. But then again they don't have the proper knowledge even as to when should one start to mine or the conditions are even green in his/her area to mine. What do you think are the things one should think of first before going into mining?

 

[crypworld]

You can mine anytime. But ensure you have joined the right company that pays. See how profitable it is, the cost involved and the power consumed.

You need a robust infrastructure for mining cryptocurrencies smartly. If all is good, go ahead. ?

 

[Josemendez]

Mining is very much demanding and miners need to work towards having a good Mining machine and good electricity but this is checked after mine is legal in the countries

 

[microunit]

You can mine anytime. But ensure you have joined the right company that pays. See how profitable it is, the cost involved and the power consumed.

You need a robust infrastructure for mining cryptocurrencies smartly. If all is good, go ahead. ?

Not all miners need to join a company, with proper knowledge in his to setup the mining rigs and property knowledge to join a mining pool is it's not necessary to join a company

 

[Josemendez]

You can mine anytime of your choice. Mining requires a lot but less rewarding, if someone mine, time are being consume data are been consumed battery are been consumed. It will only requires much with little money involved.

Actually the money involved in mining is very big. This is why miner charges high for fees because they pay hugely for electricity

 

[Brain]

Mining really works for those with the right infrastructure in place. But first have the knowledge of the legal law in place in your country, have the rigs and then consider power situation before thinking about mining

 

[Brain]

I am also interested in this question as I have ignorantly joined many fake mining apps that claims to start mining whichever currency you want with just one click...
Let's say I have learnt from my past mistakes ?

Haha, I thought I have the one that saw all of that as a waste of time, money and efforts. It is always good to do a better research before indulging in things online. Most are mere fraudulent activities

 

[Brain]

It's a waste of time and efforts... It's really heartbreaking tho to find out that most of these online stuff are just being nothing but deceptive...

I just hope that people will come to know this and take caution about investing in scamming sites online. They are a lot of these sites online defrauding

 

[Wisdom01]

Mining have various standards , I think the mining gains and others is dependent on the type of mining rig you buy ,also you need to consider electricity cost and many factors when mining

 

[Brain]

Mining is more profitable with the right equipment to get it right without this not much might be gotten from mining so to mine you need to consider the necessary things that you need to have a smooth mining

 

[Ben Kempton]

Mining is more profitable with the right equipment to get it right without this not much might be gotten from mining so to mine you need to consider the necessary things that you need to have a smooth mining

I believe that a person should only start mining when he or she is capable enough to buy a hardware that would generate a lots of coins for him or her. Mining on old devices is futile and it will actually cost more than you earn.

 

[Brain]

I believe that a person should only start mining when he or she is capable enough to buy a hardware that would generate a lots of coins for him or her. Mining on old devices is futile and it will actually cost more than you earn.

I agree with you this is how it should be get the right hardware and apply all the necessary things to get it right. Yeah using anything else will be total waste of precious time

 

[Ben Kempton]

I agree with you this is how it should be get the right hardware and apply all the necessary things to get it right. Yeah using anything else will be total waste of precious time

You should also note that when you start mining, you will not be able to see profits outright. This is because when you start mining you will be earning the money you spent buying expensive hardware. This means you will be earning profits after a few months or possibly after a few years.

 

[Wisdom01]

The question shouldnt be when should one mine but what.are the procedures to mining a cryptocurrency. you get hardware crypto minining machine to start the mining business and join legit mining pools.

Yeah there are different hardware's that could be used for mining , because it's what miners actually make use of when mining crypto currency and the level of mining is based on the available hardware

 

[BullyMaguire]

Think about the energy which will be consumed.. after all those bills will they still have profits left from mining? Is it worth to do after all that? How long will your equipment last

 

[Niftyicon]

Mining can be profitable when done with the right equipment. There is no timing provided you have followed all the guidelines in place to be licensed to mine in your location.

 

[gammarays]

I don't think there's any specific time to mine. You can mine coins as long as you have the required hardware and energy to match it. It's a costly venture.

 

[rivakwa]

There are miners out there that are making fortune running mining farms. And seeing those people some people are also trying to get into mining to also get those kinds of profits. But then again they don't have the proper knowledge even as to when should one start to mine or the conditions are even green in his/her area to mine. What do you think are the things one should think of first before going into mining?

I wish I have ready answers a professional but as a lay man,money is useful any rinw.Its values are ever appreciated,so since mining is for revenue there is no standard time for making money,you can make money while sleeping,it is applicable to mining

 

[gammarays]

As mining is a good process for making money and for this purpose there are many companies that's are working and make their own mining farm for mining and use many kids of process for mining and some companies offering mining online and give margin of do mine by different ways and it is also a good way to become a wealthy man.

Setting up a mining farm is very lucrative especially if you have the funds. Even if you don't gain at first,with time the token appreciate and give you profit.

 

[Skysaint]

I believe that a person should only start mining when he or she is capable enough to buy a hardware that would generate a lots of coins for him or her. Mining on old devices is futile and it will actually cost more than you earn.

Yeah, I do agree with you. Am not used to mining via phone as many of my friends do but through a PC which to me is more profitable and gaining lots of coin.