Skip to main content

Reader poll: Ready to try your hand at cryptocurrency mining?

Bitcoin
Image used with permission by copyright holder
As the price for Bitcoin rises and falls dramatically, more users are wondering how they can get in on the action — and for good reason. Earning a few Bitcoin, or Ethereum, or any of the other cryptocurrency, could mean thousands of dollars in profit, and your home gaming machine may be able to churn them out using some simple software. Have you tried to mine bitcoin? Are you thinking about setting up a mining rig? Are you already swimming in a Scrooge McDuck-style room full of them? Let us know in this week’s reader poll.

How interested are you in #cryptocurrency? We'll be discussing results on the Close to the Metal podcast tomorrow. https://t.co/tmZvPewZcx

— Digital Trends (@DigitalTrends) July 10, 2017

Mining cryptocurrency is surprisingly easy, assuming you have the proper hardware. Our handy guide to mining will walk you through all the steps necessary to start making money, if you’re so inclined. Just make sure to take into account the increase in your power bill that comes along with it.

You should know, however, that cryptocurrency is a volatile market, and not just in the sense that the value can change overnight. Without much regulation, sites that act as wallets may be shut down by hackers or those interested in taking the coins for themselves, or the site’s proprietors may shut it down and disappear in the night with your hard-earned cash. There are ways around this, and they involve keeping codes locally stored, or even using a physical coin wallet that keeps your money safely stored away from the prying eyes of the Internet.

It isn’t just Bitcoin that’s causing quite a stir over the last few weeks. Another cryptocurrency, Ethereum, has begun to take hold thanks to some innovative new practices and support from the tech community. It’s just one of many cryptocurrency options out there, and like any of them, hype and user interest will drive its success.

Join us at 10:00 AM PST on Tuesday, July 11th as we discuss the implications of the newfound vigor for cryptocurrency, as the Bitcoin price skyrockets into thousands of dollars each. We’ll also talk hardware pricing, and try to explain the sharp rise in price on mid-range cards like the RX 480 and RX 580 on the secondary market.

Editors' Recommendations

Brad Bourque
Former Digital Trends Contributor
Brad Bourque is a native Portlander, devout nerd, and craft beer enthusiast. He studied creative writing at Willamette…
Best color laser printers for 2024: tested and reviewed
The Color LaserJet Pro 4301fdw has good photo print quality on glossy paper.

The best color laser printers can be a great investment, saving you quite a bit of time and money. For shoppers worried about the long-term ink costs, you'll find color laser printers surprisingly affordable. Laser printers use toner, which lasts a very long time, delivering a low cost per page for monochrome documents and fast color prints. The best color laser printers offer quick performance and reliability to help keep your home office or small business productive.

If you need to scan documents for record-keeping and photo capture or want the convenience of a color copier, an all-in-one color laser printer is an essential tool for your small business or personal use. For a small added cost, you get expanded capabilities. That's why every model on this list is an all-in-one from the best printer brands.

Read more
The best MacBook to buy in 2024
Apple MacBook Pro 16 downward view showing keyboard and speaker.

Now that Apple has started outfitting its laptops with its M3 generation of chips, it's time to take another look at which is the best MacBook to buy in 2024. That’s not always easy, though, as buying the newest MacBook isn’t always the right decision. Apple has several tiers of performance, as well as various sizes, which can further complicate the matter.

What’s more, you can also still get M1 and M2 MacBooks, some from Apple’s own website and some from third-party retailers. But are they still worth your money? Our guide should help you decide.

Read more
Dell XPS 14 or XPS 16? Here’s how to know which to buy
The Dell XPS 14 open on a wooden table.

Dell XPS 14 Luke Larsen / Digital Trends

Dell upended its XPS laptop lineup, downsizing the XPS 17 to a new 16-inch model and the XPS 15 to a new 14-inch machine. At the same time, it pulled design cues from the XPS 13 Plus (now called the XPS 13) to create ultramodern and sometimes controversial new machines.

Read more