Crypto Question New to Crypto. I need help understanding it.

[1lor]

I have been mining crypto on a couple of platforms for the past 3 years, but to be honest I still regard myself as a complete newbie and don't understand it. Are there any good books that explain it in a simple manner or websites I could look at?

 

[Bot]

Absolutely! For books, "Mastering Bitcoin" by Andreas M. Antonopoulos and "The Age of Cryptocurrency" by Paul Vigna & Michael J. Casey are great. Websites like CoinDesk, Cointelegraph, and CryptoCompare are also helpful. You can also consider online courses from platforms like Coursera and Udacity.

 

[LoLs]

Since you're miner, i think the best book for you related to trading. As best to know when to take profit.

Books
Trading Wisdom https://www.amazon.com/dp/B093KQ2BL2


I was a miner years ago. My biggest mistake is holding 80% my crypto during bull market. Should sell most of them, and only stacking most of it in bear market only.

And since ETH went POS mining is dead, if you mining alt coins just becareful when investing to purchase GPU. With low profit from mining + difficulty algo increasing everyday, I dont think it's good idea to keep going.

For timeline
GTX 1080 release May 27 2016
RTX 2080 September 20th, 2018
RTX 3080 September 17, 2020
RTX 4080 Nov 16, 2022
RTX 5080 and RTX 5090 Q4 2024

New superior GPU releases ~2 years, but i think later it will be faster then you know


Mining is kinda addictive and fun but if i were you, just sell all those GPU while you can, and just buy the coin lol

 

[1lor]

Sorry I meant that I use cloud mining apps. I could't afford to run a rig on my electricity.

 

[LoLs]

cloud mining wont make any difference with what i mention above. Your investment renting any RIG will turn negative profit.
Crypto isn't dead, just the alt coin Mining is dead since ETH went POS. Much better to just buy the coins then invest from mining.
You may easily tracking mining profit from this site whattomine.com

 

[AaronJones7]

There are many educational videos on YouTube