Hi guys
After a long break from writing on this site, I return with more talk of crypto mining.
I started home mining at the beginning of 2021, and today, after 2 years, after the ethereum merge, after the bear market, I continue mining with my 7 GPU home rig. I can continue mining, hoping for a new "bull run", like at the end of 2021, because at the moment the cost of my energy is about 0.163 $ (including taxes).
After the merge of Ethereum for miners everything changed, nothing went well and many stopped mining, given the high costs of running the miner. New minable coins came out, some (many) fake, some more solid (like Radiant for example), and recently the crypto Nexa Coin came out.
Nexa is a cryptocurrency that claims to offer fast and low-cost transactions. It is based on the Ethereum blockchain and utilizes the Ethereum network for processing transactions. According to their website, Nexa aims to provide a decentralized and secure payment solution for businesses and individuals. However, it's always important to thoroughly research any investment opportunity and understand the associated risks before making a decision.
In the last few days, the LOLMiner miner, ver. 1.66, has brought a big leap forward in the mining efficiency of this currency, so much so that it is, at my energy rate, profitable... according to Hashrate.no, with my miner at 201 Mhs@ 590 Watts, daily mining is 151954 NEXA / $1.61, for a net energy value of $0.20. Not much!
But... however, I take into account that I use the miner (which produces heat) in a cold unheated room, I can use some of this heat to get the room warm :-)
What to do with mined Nexa?
you can convert them into other coins on some exchange sites. you can hoard them, hoping that over time this coin will grow or convert them directly into $ to spend.
Currently Nexa can be used with a software wallet that you install on your PC.
Here, for those who want to learn more about Nexa Coin, the reference site is www.nexa.org