Hey guys,
As stated above, I have free power on 220V. I am looking to buy miners. I am SUPER NEW and have not bought any bitcoins in my life. I am also very skeptical of public wallets after the mt gox fiasco so I will prefer to keep my coins in a personal wallet.
I have a few questions though.
- Do we need to be connected to internet 24/7 while mining? What happens if internet drops out in between?
- What happens if there is a power cut?
- I will probably be joining a pool. which pool do you suggest, and if possible - point me to a installation guide as well?
- My budget limits me to 4TH/s miners. with little research that I have done, I think i need to buy a miner like S9 AND a power supply separately. I do not understand why power supplies come with 10 outlets, as per my understanding they can hardly power only 1 miner. So why 10 outlets?
- Do we need a separate computer as well connected to the miner all the time to run the mining pool software?
- I have read that upcoming halving in 2020 will render the current miners useless. Is that true? How? Why?
Please give me any other suggestions that you deem useful, thanks.
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