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So I finally went into mining cryptocurrencies myself.
I have previously mined XMR and ZCash on my i7 enabled laptop in the past.
But this time, I had done a few calculations, and realised that I could get a wee bit richer everyday by buying actual mining equipment.
I had calculated about $20 a day mining my crypto of choice, which is not bad at all. This amount is net, because I would have paid off my electricity bill from the money I make from mining every month(electricity in my city is quite cheap)
But I had to find some mining equipment.
And they must be within my tight $1650 budget.
So I went online to Amazon to find out the cheapest ones I could find.
I searched and did some research and eventually settled on the Dragon X miner S2. I went with about 4 of them since they were all $350 each.
The remainder of my money was spent on setting them up, getting required cables and paying for services. You know, the boring stuff.
All this happened about a month ago, so I was still able to do my 18 hour personal challenges and have something to share.
Eventually, I had set up my 'mining rig' in the spare bedroom meant for my soulmate(she never showed😢)
I joined a mining pool, because my weak mining devices would hardly get me anything a month.
I found a small rig in my city and joined them.
And my calculations were quite correct! I actually made a $20.58 profit mining my preferred crypto(I footed all the extra bills for last month from my pocket, which is why I can call it 'profit')
Eventually, this will keep up, and I'll continue this series where I explain my mining setup, and eventually reveal my profitable coin.