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Mining in South Africa was once the main driving force behind the history and development of Africa''s most advanced and richest economy. Largescale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.
Mar 17, 2016· To answer that question, it''s worth hearing from the practitioners – the digital diggers and drillers. "It took ages for me to mine bitcoins because of enormous competent people mining with ...
Jul 03, 2017· uTorrent recently made headlines for bundling cryptocurrencymining junkware. Out of all the junkware programs bundled with installers, cryptocurrencyminers like Epic Scale are some of the worst.. Modern malware makes money by using this technique to mine Bitcoin, too. Even if you don''t care about most junkware at all, cryptocurrencymining software is something you really don''t want on ...
Gold mining CAN be sustainable, but 85% or 90% of the time it isn''t. Gold mining is hurting the environment badly, and it blasts away the entire mountains to unearth goldrich ore.
Oct 06, 2017· What are risks of buying the Zcash mining contract? In order to understand if Zcash mining is profitable, one needs to consider the risks. Genesis mining Risks. This company can fail. However, genesis mining has been executing successful mining contracts for many mining is the only mining company I trust when it comes to cloud mining.
Aug 16, 2012· South Africa is a world leader in mining. The country is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves, and South African mining companies are key players in the global industry. Kumba Iron Ore''s massive operations in the Northern Cape include Sishen Mine and Kolomela Mine.
As recently, slushpool added Zcash to the mining pool, I''m using this pool and a mining RIG with 6x 4GB XFX GPU''s. The profits for individual mininig may not be huge, but for stockpiling them for the future it is worth. One aspect here is that as Zcash came out it was 4300 29.
Oct 03, 2017· There are 3 main factors that mean something has "worth" measured in this case by how much fiat currency ( USD) you can buy or sell it for. 1. Limited Supply 2. Creation or production cost 3. Acceptance in your domicile For example, using gold...
Why do Bitcoins have value? ... Note that changing the protocol would require the concurrence of a majority of the computing power engaged in bitcoin mining. ... minus M1 is worth about 45 ...
For reference, mining was demonstrated in theory on a 55yearold computer some time ago by IBM—and the result was of course, that it''s not worth it. Web mining: Sites that "mine through you" Somewhere around 2017, the concept of web mining came to life.
Dec 15, 2017· Not worth mining bitcoin if you do it as a hobby. The bitcoin system is set up such that more bitcoins can be unlocked and released into the world a process known as mining.
Genesis Mining is probably the oldest surviving cloud mining company around. In this post, I''ll review the company and its services, and find out if it''s actually worth investing with it. Genesis Mining Review Summary. Genesis Mining allows users to participate in cryptocurrency mining without the hassle of buying mining equipment and ...
Ethereum Community Forum. ... Even if a coin is just below the profit margin, It''s more than likely still worth mining, Because you''d pay more in fees buying the coin, Than the cost of mining it. ... Why would you come to the mining forum and tell potential miners to not build rigs? It''s no loss to you if more people start mining, and it''s no ...
Is Bitcoin mining worth it? This is a simple question with a complex answer. There are a few different factors that influence whether or not Bitcoin mining will be worth it for you. Even with the rising Bitcoin price, the setup fees and electricity costs may outweigh the revenue that you''d earn through mining.
Hi, Mining Monero is easier than most and you have a low cost of entry. Monero, in my opinion depending on your maching and mining equipment you can make more money in the long run that produce tokens faster. Here is a rough estimate, and with the...
Dec 07, 2017· The answer to this question is no. Building an Ethereum mining rig hasn''t been worth it for months and a few months from now, mining ether will be completely obsolete.
Jun 09, 2019· When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 10 times. Therefore, you might think that it would be worth mining.
Nov 19, 2013· Yes, mining is worth it. In the same way that reading a book is worth it. In the same way that learning to code is worth it. If you are interested in something new, there is no reason not to pursue it. Just don''t think you''ll get rich from the knowledge you acquire. Knowledge is often its own reward.
Coal mining processing plant in Nigeria. This coal mining project is an open pit mine located in Nigeria, announced by mining company Western Goldfields that it has discovered 62,400,000 tonnes of proven reserves of coal deposits worth US billion which could .
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef or placer deposits form a mineralized package that is of economic interest to the miner. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay.
Now they''re 300+, even for used. I recommend mining, of course, cuz I benefit from a stronger network, but it''s up to you. If you think monero will largely stay obscure for a year or two more it''s definitely worth mining. If you think we''re on the verge of giant mall sized buildings filled with gpus mining monero, it''s probably best just to buy.
Why is it worth mining iron? Because it gives very fast exp and easy to mine It may only be 35 exp per but it mines fast and the best place to mine ore is in rimmington.
Even my advice earlier this year now rings hollow: if you started mining with 10,000 worth of PC hardware in June, you might have a couple BTC or 30+ ETH by .
Now work, a person''s time is of some value so if a lot of work goes into mining or harvesting different elements this adds to the value of these elements as well. Answer 3: This answer is going to involve both some chemistry and some economics, so get ready! The key here is rarity .
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