greenxgene

The recent circular from Reserve of India warning about risks of Cryptocurrencies like Bitcoin, BBQCoin, Litecoin, Dogecoin, etc. has only rekindled the interests among tech savvy Indians. Everyday news articles about cryptocurrencies are becoming a norm in business section of newspapers. One quick thought strikes everyone's mind – ‘Can I become rich with Cryptocurrency?'. I’d like to answer your questions in this post. Whom this post is for? Those who want to make a part time income from Cryptocurrencies rather than totally depending on it. Those who are ready to make a one-time investment of Rs.40,000 to Rs.50,000 in mining hardware. Please note, even in the worst case scenario if your mining adventure flops you still get a high end PC, which you can use for graphics designing or gaming.) Those who are patient enough to get their return from one-time investment in 1 Year. My experience Before writing this post I tested my mining hardware for 12 days with short ...

Pool Mining BBQCoin is similar to coins like Litecoin which use Scrypt algorithm. When newcomers to mining find no tutorials of BBQCoin mining they are disheartened. So I thought of coming up with this post. Why should I mine BBQCoin? There are still a lot of people who missed the Bitcoin boom and its already too late for them to mine with their GPU because Bitcoin miners have come up with specific hardware like ASIC (Application Specific Integrated Chip) and Bitcoin Erupters which gives them a cutting edge over GPU in terms of processing / hashing power. What makes BBQCoin different from Bitcoin is it uses Scrypt algorithm, which is different from SHA-256 algorithm of Bitcoin. That’s another reason why Litecoin raised to fame. So it means you can basically mine with your high end graphics card and make reasonable profit without investing much in ASICs which are of no use other than mining. At present level of difficulty (1.97 for BBQCoin compared to 609482679 of Bitcoin while...