Mining is basically the art of production of coins. The idea is to set multiple streams of income. Small mining operations also consist of Auto-Faucets, as well as other means during the week to supplement the monthly income they desire. Remember this is only about adding Satoshi, because the fake FIAT CURRENCY does not exist. Let us start with what I use for just plain petty cash spending money while I am waiting for the end of the month.
I MINE DASH
With The Antminer-D3 I will have that pointed to a peer to peer pool for mining DASH. I will cover DASH mining in General in another article. For now just know that there are only 2 pools that are green across the board and follow the DASH protocol to the letter. If you are not using any of these two pools you are cheating yourself. The DASH protocol is a mathematical set of rules that are followed to the letter.
When you are mining as in the last article you will see your share increase every 2-3 minutes. This also means the money is increasing every 2-3 minutes. Think about it as getting a pay raise every 2-3 minutes.
This pool pays out every few days could be 3 days or it could be 5 days, but they pay out. Now what I do is when it is paid out I send those coins to my multi coin wallet and send them to my Crypto Debit Card. This gives me petty cash to spend and I am not really broke while waiting for the end of the month.
I MINE BITCOIN
I do not use any of the centralized pools. I use a strict peer to peer pool. Notice I said strict. Usually in the pool that is strict you will see in the expected Block time 8 -9 seconds expected block. This is because the pool is connected to the actual network and somewhere a block is being solved. When the pool you are on solves the block, no matter which miner solves it, you are paid out. Usually 3 weeks I have seen to a month. This is because the pool I am on has a local hash-rate of over 100 TH/s.
Now if you want to see how much that is in dollars, because you do not set your wallet to mBITS then let us look at preev.com
MINING DIGIBYTES WITH 3 USB 12GH/s ANTMINERS.
I run BFG miner on dgbsha online p2p pool. I set it up and leave it running 24 hours a day 7 days a week like the miners. The only difference is, I swap out the DGB only on the last Friday of the month. This way this revenue is also added to my monthly Bitcoin revenue. I also need to add I have not yet spent this because the DASH is still in my debit card.
MINING CPUCHAIN
Now finally, with my same 2 computers I set up the mining software to mine CPUCHAIN to my CPUCHAIN wallet. This revenue also gets swapped to Bitcoin at the end of the month. As you can see the name of the mining game is just multiple streams of revenue, and the production of coins.
Think of mining as the Gaming currency. Do you remember the original World of Warcraft-Orcs and Humans? No matter what faction you chose, the peons had to go to the mines to collect the Gold to build more buildings or upgrades. The more peons you had going back and fourth to the mine the more Gold you had. This is the same strategy.
In order for you to really benefit from the mining operation, you need to remember these important things.
1. Do not be greedy
2. Have patience
3. Never listen to anyone else, do your own research what works for you.
Hope this article helps you get a better understanding of the Cryptocurrency World from someone who has been mining for the last 8 years.
