Quote:
Originally Posted by RickS
The technology isn't, but on the risk spectrum it's at the very high end... and that's even if you don't get caught up in the hacking and/or collapse of a Bitcoin exchange.
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Yeah I get that for sure. I read quite a detailed article on Bitcoin mining and the process was quite mind boggling. The reason I ended up reading that article was not because I was interested in mining Bitcoin, but because I went to some site that tried to install a miner on my PC and it got me curious. The article explained the massive processing power required to ensure you keep ahead of the game, which was why someone was trying to distribute their mining across other PCs including mine.
If that isn't an option, the processing power costs can be so much that the cost of the electricity required to run your processing is seriously going to eat into, if not entirely consume, any profit you may make. It all seemed too hard tbh.