Learn more about technologyandthefuture with this collection
Find out the challenges it poses
Learn about the potential impact on society
Understanding the concept of Metaverse
Building a Crypto Mining Rig
Getting involved in crypto mining means you’ll be able to generate coins on your own with no need to purchase them from someone else. You’re going to need a powerful rig, and even then, there’s no guarantee to make money from this endeavor.
Most cryptocurrency mining computers rely on very powerful GPUs, costing hundreds to thousands of dollars.
You’ll need to spend money on the electricity that powers your computer. Depending on which coin you want to buy and the competition you have ( + other variables), you could end up spending more money to operate your rig than you make with the mining.
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204 reads
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The Free Capital Problem
You can purchase $20 of Bitcoin right now, but if you don’t have $20 to spare, that’s not going to do you much good.
Small scale transactions like the one above shouldn’t be a problem for anybody. But, if you’re living paycheck to paycheck or if money is inordinately tight,...
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The Learning Curve
Even if you spend months reading about cryptocurrency, studying historical trends, and doing your due diligence for each of several different currencies currently being traded and speculated on, you still might make some bad decisions....
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The Portfolio Balance Problem
Just because you can invest in cryptocurrency doesn’t necessarily mean you should. Cryptocurrency is an uncertain investment wrought with volatility and regulatory complications.
There’s never a guarantee that any cryptocurrency will increase in value or even hold its valu...
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The Time Problem
Many people who delve into cryptocurrency are excited about the notion of turning a $1,000 investment into millions of dollars in wealth.
While this is possible, it’s unlikely, and to the extent possible, it will take a long time to unfold. For example, even if you saw an aver...
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Purchasing Currency
Most people buy and sell coins through a marketplace. With the right market, you’ll have even hundreds of cryptocurrencies to choose from, and you can buy in tiny increments, sometimes securing a transaction for less than $100.
Most cryptocurrency...
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120 reads
The Rig Problem
If you have a powerful computer, you can set up a rig to mine cryptocurrency on your behalf, to generate the resources yourself. There are just a few problems with this idea.
- GPUs and other necessary computer components tend to be very expensive for starters, compromising your pot...
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87 reads
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Bankroll a Service
FreeBitco.in is one of the longest running services in cryptocurrency.
It started life as a simple ‘faucet’ service, where users could claim free coins every hour and save up enough to withdraw as a way to learn about crypto without putting an...
How do I buy cryptocurrency?
While some cryptocurrencies, including Bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on ...
How to avoid bad investment advice
- Never buy a financial or investing product from someone you just met.
- Getting returns over 12% per year is ridiculously hard. If it sounds too good to be true, it is.
- If you don't understand it, don't invest in it.
- If one of your fri...
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