No.56694
I've been wanting to get into crypto farming but I don't really understand how it works. I found the idea of it fascinating when I first heard of it years ago but just never got around to learning much about it because it seemeed untested and volatile. How do I get into crypto farming without spending a lot of brouzouf on it?
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No.56695
You don't right now. Unless a new coin comes along, you'll get less than you put into it…way less.
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No.56696
>>56695
Some people (such as myself) aren't doing it solely to get oodles of brouzouf, but to fight central banks and to have an untaxable currency.
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No.56697
>>56696
Monero is designed for GPU and CPU mining. In a few months an update will make CPU mining better than GPU farming which will coincidence nicely with the new Ryzen CPUs
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No.56698
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No.56699
>>56694
learn the basics of mining
Lease a cheap virtual machine (5 USD/mo) over at Digital Ocean, download the wallet software for your chosen crypto, and then find a mining pool to join. Just follow their instructions on how to uplink your wallet to their pool and start mining for blocks. You won't earn anything but the lesson of using wallets. You need highly specialized hardware for mining to be profitable in most cases.
learn how to buy crypto with fiat P2P
Don't buy crypto through paces like Coinbase; this is for nigger cattle. Download Bisq and use it to arrange for P2P purchase of crypto with fiat. Start small, just enough for the next step.
learn how to transact with crypto
Next time you want to buy something from the Bezos cattle trough, use crypto. Make an amazon wish list and post a link to it on purse.io. People looking to earn bitcoin will bid on your wish list. Lowest bidder wins, and they make the purchase for you. Once you confirm receipt of the product, you notify purse.io and your coin is released into bidder's account. You can get product up to ~30% off during the right market conditions. Of course, you could also earn crypto this way, but its not P2P.
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No.56701
>>56698
>Coins are mostly useless
[[laughs in criminal]]
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No.56736
>>56696
Oh, well then I support you in your endeavor, good sir.
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No.56745
>>56698
More and more businesses are accepting crypto. There are even a few convenience stores downtown that accept bitcoin. My understanding is that what we're seeing with crypto is essentially digital currency without a reliance upon the gold standard and ft knox.
>>56699
I'd prefer to avoid leasing anything at all. I'd probably just restore an old laptop or something and use it to mine crypto. I'm not sure how to even find a mining pool, or which ones are safe and which are scams.
My interest in crypto is largely just as a way to augment my very meagre income. I'd like to try and gather enough of it to utilize to purchase things to pursue my hobbies, and if I can keep things off the books for the most part, more the better. Plus, Crypto is looking like a decent way to have an international currency.
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No.56753
the thing i genuinely, not trolling, fully and foreverially 100$ serious, is why invest in crypto when you can invest in conventional currency with much less hassle and overhead
also as a sort of secondary question to that
>to fight central banks and to have an untaxable currency.
don't coins have banks too? why not trade in commodities then? both in terms of stockpiling gold coins in a sock under your bed but also actual futures trading of mundane/stable commodities like staple foods and non-oil energy resources and such
in general, crypto just seems like a higher-risk version of currency trading but harder to do effectively because there isn't much that affects the price of it other than its own availability, yet the price varies wildly from cents per unit to hundreds of dollars per unit. unlike, say, stocks where you can monitor companies' announcements on new products and such, or in commodities where news of shifting popular tastes or crack-fueled abbo riots would reasonably affect prices of related materials
>>56701
>he buys pornography instead of fapping to vintage Color-Climax found off of Shareaza
>his drug dealers accept anything other than straight paper
the fuck man
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No.56754
>>56753
>why invest in crypto when you can invest in conventional currency with much less hassle and overhead
As someone who completely brouzoufed out of crypto and is now in 100% "legitimate" stocks: the upside.
People speculate on crypto because the upside is insane, thousands of percentage points. It's fucking unreal. Compare that with the market and I'm up just 9% over the last 12 months.
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No.56768
>>56753
Even with commodities, you need a broker which is going to be an established bank and "the man" gets a nice cut. And most coins do not have actual banks, nor are most coin exchanges (as far as you need them) registered as such, or have comparable shittiness.
And as the other comment mentioned, you aren't going to be paying tax on crypto.
>>56754
You can always do futures. If you leverage well, you can go to the moon with normal stuff too just buy a noose before you do it, just in case. Not that it's that different from crypto
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No.57431
>>56694
Crypto mining isn't really profitable anymore because its so popular and competative. Large operations mine in areas with competative electricity prices to win. Currently, Stock Market crash due to coronaplague has bitcoin at about 50% and many miners fleeing.
If you want to get into crypto, buy some and spend it. ATT, NewEgg, Overstock.com, Dell all accept. Make your next purchase it crypto.
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No.58069
$50 every pay cycle. Treat it like a video game the first three years.
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No.58070
>>58069
BitWage will allow you to direct deposit an amount and receive coins.
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