mining equipment working videos youtube

a beginner's guide to cryptocoin mining

a beginner's guide to cryptocoin mining

Mining cryptocoinsis an arms race that rewards early adopters. Bitcoin, the first decentralized cryptocurrency, released in early 2009.Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash.

Bitcoinsare not a good choice for beginning miners who work on a small scale. The current up-front investment and maintenance costsnot to mention the mathematical difficulty of the processdon't make it profitable for consumer-level hardware. Today, Bitcoin mining is reserved for large-scale operations only.

Dogecoins and Feathercoins would yield slightly less profit with the same mining hardware but are becoming more popular daily. Peercoins can also be a reasonably decent return on your investment of time and energy.

As more people join the cryptocoin rush, your choice could get more difficult to mine because more expensive hardware will be required to discover coins. You must heavily invest if you want to stay mining that coin or take your earnings and switch to an easier cryptocoin.

As a hobby venture,cryptocoin mining can generate a small income of perhaps a dollar or two per day. In particular, the digital currencies mentioned above are accessible for regular people to mine, and a person can recoup $1,000 in hardware costs in about 18 to 24 months.

As a second income,cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3,000 to $5,000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

Suppose your objective is to earn substantial money as a second income. In that case, you are better off purchasing cryptocoins with cash instead of mining them and then tucking them awayin the hopes that they will jump in value like gold or silver bullion. If your objective is to make a few digital bucks andspend them somehow, you might have a slow way to do that with mining.

Smart miners keep electricity costs to under $0.11 per kilowatt-hour;mining with 4 GPU video cards can net you around $8.00 to $10.00per day (depending upon the cryptocurrency you choose), or around $250-$300 per month.

There is a slight chance that your chosen digital currency will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins. The emphasis here is on "small chance," with small meaning "slightly better than winning the lottery."

If you do decide to try cryptocoin mining, proceed as a hobby with a small income return. Think of it as "gathering gold dust" instead of collecting actual gold nuggets. And always, always, do your research to avoid a scam currency.

You also need a strong appetite for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results. The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance.

the best litecoin mining hardware for 2021 | mining litecoin ltc

the best litecoin mining hardware for 2021 | mining litecoin ltc

Before you get excited about your mining rewards though, its important to store it somewhere safe. While there are many wallets out there, Exodus might be a good option when it comes to keeping your LTC safe. Features like these make it a community favorite:

If you live somewhere with especially cheap electricity then Litecoin mining could definitely be worth it. Electricity costs are one of the main reasons why so much mining happens in China, where there is an abundance of cheap hydropower.

Another reason that mining Litecoin could be worth it is if you have access to cheap mining rigs. Its important to factor in equipment costs since mining gear becomes outdated and inefficient so quickly.

There are three different types of Litecoin miners to choose from: CPUs, GPUs and ASICs. ASICs are the most efficient miners so well start with one of the most popular Litecoin ASICs of all time: the Antminer L3++.

Although the L3++ is now two years old its still a good option for anyone just getting into Litecoin mining. A new model costs about $300 making it a good beginner purchase. The L3++ can perform 580 MH/s with an average power draw of about 1,200 Watts.

While its possible to buy a used L3++ for about half the price, you should be wary of doing so. Used ASIC miners have a high tendency to fail, and sellers are not always willing to replace the defective unit.

Another option is to go with something more modern like the FutureBit Apollo LTC Pod. The LTC Pod is capable of about 120 MH/s and costs $499 on Amazon (although prices for cryptocurrency mining rigs are always dropping).

Firstly, the LTC Pod has a maximum power draw of 200 watts. Compare that to the power draw of 1,200 watts for the L3++. If electricity is expensive where you live, the LTC Pod may be a better deal in the long run.

Secondly, the LTC Pod is quiet and doesnt generate a lot of heat like a traditional ASIC. You can actually run it in your office or living room, something you cant do with an ASIC that makes as much noise as a hairdryer.

While the Moonlander can only mine with 3 to 5 MH/s, its price tag of $65 (free shipping on Amazon) is very attractive, the perfect option if you just want to experiment with LTC mining before buying a more powerful miner.

As we can see from the charts, the first time the Litecoin hashrate really gained traction was in mid-2017. The current hashrate is about 241 TH/s, still well below its peak of about 500 TH/s, which happened during the leadup to the LTC halving, when the creation rate of LTC gets cut in half every few years.

Another option is the LitecoinPool which is one of the oldest Litecoin mining pools, having been founded in 2011. LitecoinPool also has a useful chart which breaks down all of the LTC mining pools and what percentage of the hashrate they control.

When choosing a mining pool you should consider at least two factors, how long its been active and what the fee is. The longer the pool has been around the more reliable it is. And the lower the fee, the more of the profits youll keep for yourself.

Before you commit to buying some ASICs and setting up a mining operation, its a good idea to find out what your estimated profitability could be. A mining calculator will allow you to plug in your electricity costs, the power usage of your mining devices as well as the LTC price that youll sell at.

There are a couple of different Litecoin mining calculators. In general, most calculators return a similar result, but you still may want to check several of them just to make sure. Here is the CryptoCompare mining calculator, as well as the Litecoin Pool calculator.

Litecoin might not be the newest, most groundbreaking cryptocurrency project but it has something really powerful going for it: a long history. In an ecosystem where projects fail or get hacked all the time, Litecoins long record speaks volumes about how reliable it is.

Mining Litecoin is a great way to get involved with the project, earn some income and also secure the network. Hopefully this article on the best litecoin mining hardware has given you all the information that you need to get started!

7 best workplace safety videos: to inspire safety at work

7 best workplace safety videos: to inspire safety at work

From whiteboard videos to a Lord of the Rings airplane safety clip, here are the best workplace safety videos that the internet has to offer. This article offer resources that can be of significant benefit to employers and health and safety representatives when looking for novel and engaging ways to open up the topic of health and safety. ACUTE provides effective and engaging training delivered by professionals who have done field work themselves. Click here to see our upcoming training courses. Below are 7 safety videos that are sure to inspire and stir thought-provoking dialogue on the topic of health and safety.

Its incredible what a touch of ingenuity and humour can do to turntruths on health and safety into fun and delightful educational content. Here we celebrate some of the best safety videos the internet has to offer.

Why it makes the list:Fire hasbeen the age old workplace hazard across the centuries. Labourers and workers have relied on this helpful element while also managing the hazards that come with it. This video offers a quick animated guide to assessing and managing a fire with an extinguisher.

Why it makes the list:A utility in Norway offers a number of great tips for office workers, especially for anyone who hasnt done stocking work: definitely a great resource to staying healthy and safe in an office setting.

Why it makes the list:No matter the workplace environment, employees are exposed to heat stress during different times of the year. This video helps you get informed with actionable insights towards managing this silent hazard that often goes unaddressed.

Why it makes the list:Safety incidentscan happen to those around you, even your closest loved ones. Tony used to have 20/20 vision but because of a family event no longer has any sight despite being a safety leader in his field.

Why it makes the list:Get the scoop on the best equipment and procedures for managing industrial industry workplace hazards.This narrated presentation makes effective use of visuals for maximum impact.

Why it makes the list:With cameo appearances made by the cast of the Lord of the Rings along with airplane hosts donning elf prosthetics, any passenger about to take off would be pleasantly surprised as they are treated with this mythical an informative short on passenger airplane safety.

Very professional approach to consulting. I am not surprised about the success ACUTE has achieved over the last 15 years that I have worked with them. ACUTE delivers with great customer service (creative solutions, flexible accommodations, professional conduct). ACUTE is recognized and respected as a people organization and they have been doing it right for a long time. Konstantinos

ACUTE is located in Waterloo, Ontario and services customers from cities such as Toronto, Mississauga, Brampton, Hamilton, Milton, Kitchener, London, and Guelph, as well as other cities from across Ontario and North America. Some of our offered courses include WHMIS and Transportation of Dangerous Goods.

ACUTE Environmental is committed to respecting the privacy of individuals and recognizes a need for the appropriate management and protection of any personal information that you agree to provide to us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your request. For more information refer to our Privacy Policy.

Related Equipments