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Nairaland Forum / Science/Technology / Programming / Is Mining Coin Business Lucrative In Nigeria ? (433 Views)
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Is Mining Coin Business Lucrative In Nigeria ? by dondo83(m): 7:49pm On Jun 04, 2023 |
Have you heard of Antminer? Is anyone here into the business in Nigeria? I want to to diversify into that field and I need a “practical mentor” that can guide and recommend Machines I need to buy |
Re: Is Mining Coin Business Lucrative In Nigeria ? by Sablexxxtoons: 7:56pm On Jun 04, 2023 |
Great question.. i would love to know the answer as well.. mods please fp |
Re: Is Mining Coin Business Lucrative In Nigeria ? by Deicide: 7:41am On Jun 05, 2023 |
Now way fuel price don go up
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Re: Is Mining Coin Business Lucrative In Nigeria ? by Nobody: 11:06am On Jun 05, 2023 |
Don't try it if you're thinking of mining BTC and Eth |
Re: Is Mining Coin Business Lucrative In Nigeria ? by Alphabyte2: 11:16am On Jun 05, 2023 |
dondo83:Mining consume electricity like anything u can imagine and data bundles. If you can build a mining farm with your own power it will cost you millions of dollars or thousands. Cloud mining is almost same . Now that there is higher transaction fee of BTC networks with higher difficulty to get Satoshi. Bitmain is company that produces Antiminer. |
Re: Is Mining Coin Business Lucrative In Nigeria ? by dondo83(m): 12:06pm On Jun 05, 2023 |
Alphabyte2: Thank you very much . On the part of electricity there are several areas in Nigeria that they still do estimated billing and there will be solar back up so electricity can be addressed. It’s the data you mentioned I will like to know more about please |
Re: Is Mining Coin Business Lucrative In Nigeria ? by dondo83(m): 12:07pm On Jun 05, 2023 |
Failure2019:Why if I may ask, a friend in Canada mines and he makes money off it daily |
Re: Is Mining Coin Business Lucrative In Nigeria ? by Alphabyte2: 1:53pm On Jun 05, 2023 |
dondo83: You will spend terabyte of data bundles on your service provider like MTN or Airtel like N100k for some weeks because if will run 24/7 daily connect to a pool like ant pool , slush pool and binance pool . The full tutorial about configuration and set up are on YouTube |
Re: Is Mining Coin Business Lucrative In Nigeria ? by Sablexxxtoons: 5:52pm On Jun 05, 2023 |
Alphabyte2:There's a thread I saw here on NL of a guy successfully mining . Although its some years old but he didn't really complain about data, is the data consumption getting more with time |
Re: Is Mining Coin Business Lucrative In Nigeria ? by dondo83(m): 10:03pm On Jun 05, 2023 |
Sablexxxtoons:Kindly share the thread link |
Re: Is Mining Coin Business Lucrative In Nigeria ? by bassdow: 12:50pm On Jun 06, 2023 |
dondo83:not in Nigeria, not anywhere else without those super powerful systems, which don't just cost a lot, but consumes lots of resources |
Re: Is Mining Coin Business Lucrative In Nigeria ? by dondo83(m): 3:29pm On Jun 06, 2023 |
bassdow: It can be done in Nigeria , there are anti miner with less than 3000 watts. Some areas have 18 hours of light minimum daily . So how is it impossible |
Re: Is Mining Coin Business Lucrative In Nigeria ? by bassdow: 7:04pm On Jun 06, 2023 |
dondo83: Okay |
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