So you want to get into “mining” cryptocurrencies?

You’ve been hearing the buzz for a while now. Bitcoin, and there’s a whole slew of others, well because that’s just what happens with what appears to be a great, no wait, an amazing idea, generate your own money by becoming involved in Bitcoin “mining” or any other cryptocurrency for that matter.

Over on Bitcoin.org‘s site they list the minimum requirements as follows:

Minimum Requirements

Bitcoin Core full nodes have certain requirements. If you try running a node on weak hardware, it may work—but you’ll likely spend more time dealing with issues. If you can meet the following requirements, you’ll have an easy-to-use node.

  • Desktop or laptop hardware running recent versions of Windows, Mac OS X, or Linux.
  • 145 gigabytes of free disk space, accessable at a minimum read/write speed of 100 MB/s.
  • 2 gigabytes of memory (RAM)
  • A broadband Internet connection with upload speeds of at least 400 kilobits (50 kilobytes) per second
  • An unmetered connection, a connection with high upload limits, or a connection you regularly monitor to ensure it doesn’t exceed its upload limits. It’s common for full nodes on high-speed connections to use 200 gigabytes upload or more a month. Download usage is around 20 gigabytes a month, plus around an additional 140 gigabytes the first time you start your node.
  • 6 hours a day that your full node can be left running. (You can do other things with your computer while running a full node.) More hours would be better, and best of all would be if you can run your node continuously.Note: many operating systems today (Windows, Mac, and Linux) enter a low-power mode after the screensaver activates, slowing or halting network traffic. This is often the default setting on laptops and on all Mac OS X laptops and desktops. Check your screensaver settings and disable automatic “sleep” or “suspend” options to ensure you support the network whenever your computer is running

Line 2 is the bomb.  145 gigabytes of free disk space, accessible at a minimum read/write speed of 100 MB/s.  Yes you read that correctly. Enough space for an operating system. I will get back to that later.

200 Gigabytes a month. So over an average 30 days that’s 6.66* Gigabytes per day outbound.

Just a few thoughts for now. Will add more later.

–.dec

—Update March 14, 2018

Maybe you do not want to do so much “heavy lifting” to get into Bitcoin and cryptocurrencies.

Here’s one possible option I recently was told about.

http://firstoptionstrading.com/

Full Disclosure: I do not have any investment in this system at this time. I was informed about the sites existence by an associate that is involved with it. (14/03/2018 DEC 13:00 EST)

 

 

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