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RE: In figures, the etherum coin threatens the stake of bitcoin
@spykemajeska What is mining compared to just purchasing the currency? Do these high powered computers allow you to actually physically mine the code and receive say a "bitcoin" without actually purchasing it? I'm trying to understand all this....
Well for me it is more of a hobby that pays for itself. Mining also can be very lucrative especially if you find the sweet spot for profitability or find a coin in large quantity that takes off in a year or so. I have been scoffed at and told that I am spending more money in electricity that it is mining... Let me assure you this is not the case. I have mined enough to pay for all my graphics cards, a few new mother boards and even had an emergency where i needed to send an immediate payment for a bill that was taken care of. Mining is fun to me, I don't look at it as a means to get rich quick, but more as something to do that is productive and supporting a community of coins and developers. I also enjoy some of the odd ball coins such as sia and lbry who aren't just a currency but a program designed to make a service much more affordable and secure.
Yes these computer would allow you to find all the coins, some are a little harder to get into than others, such as bitcoin is near impossible to start mining now without a gigantic investment. I would tell you to read up on different GPUs (graphics cards) used in mining and then visit a site like nicehash for information, exchange rates and tutorials if you wanted to start dabbling in this "fad" (yet another jealous insult i have heard)
Mining is better than buying currency