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Investing in mining

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The concept of mining appeared simultaneously with the emergence of cryptocurrencies. It is the process of creating a new coin of a cryptocurrency. The advantage of this process is that it’s a way for you to get bitcoins without paying for them, and that literally everyone can do this. Your own hardware is basically all you need. Moreover, you can create new coins using your browser as well. In this article, we will consider the feasibility of investing in your own equipment for the production of cryptocurrencies.

The more a specific cryptocurrency is mined, the more difficult it becomes to mine. This is inherent in the crypto algorithm, and it is impossible to get around it. Therefore, equipment power requirements are growing rapidly. At the moment, using a computer video card, it makes sense to mine only new cryptocurrencies with low complexity of the algorithm. Bitcoin, Litecoin are already being produced only with the help of ASICs.

However, these requirements are not so strict if you want to start trading. Today it is not a question where to buy tether, bitcoin, and other cryptocurrencies – The Jing Stock is where you have to go. This legal and safe platform is the fastest way for you to start trading.

Talking about mining, you need to choose the right equipment. This choice depends on what kind of cryptocurrency to mine. At the moment, there are only 3 options:

• a computer with a very powerful video card;

• video card farms;

ASIC – a device that contains a set of specialized microcircuits suitable exclusively for mining.

Let’s consider the option of a video card farm. This is a popular option for mining altcoins. A standard farm is a block of several video cards. But video cards by themselves do not work, so the farm still needs a motherboard, processor, RAM, hard drive, and power supply.

The optimal number of video cards for one farm is 4 pcs. This is due to the choice of the motherboard. Motherboards for 4 slots are popular and reliable. The more slots a motherboard has for video cards, the more frequent glitches and breakdowns, which means equipment downtime.

Processor power does not play a role in mining, so a simple 2-core will suffice. The minimum requirements for RAM are 4 GB. A hard drive is better to choose an SSD with a volume of 50 – 60 GB.

The farm consumes a lot of energy; therefore, it is important to choose the right power supply for stable operation and safety of the equipment. For 4 video cards, a 1000-watt unit is required.

Required power of equipment for mining

There is only one answer: the more power, the better. More powerful equipment will last longer. Although it will be more expensive, its profitability is higher than those of the cheaper options.

The main indicator of video cards is computing power (hash rate). In addition, it is worth paying attention to such parameters as energy consumption and price. In the wake of the huge interest in cryptocurrency mining, prices for the same equipment differ significantly from different sellers.

Of the video cards, it is already worth considering the Nvidia GeForce GTX 1080 Ti option with a price of $700.

If you are going to mine Bitcoin and Litecoin, then we will focus on the following ASIC models:

• S9 Antminer, hashtrate 14 TH/s, price $ 1140 for bitcoin

• L3 + Antminer, hashtrate 504 MH/s, price $ 1640 for Litecoin

Remember that mining hardware quickly becomes obsolete. In the best case, its use will be profitable for no more than 1 year. Much depends on the type of cryptocurrency you are mining and on the growth rate of the mining complexity of this cryptocurrency.

There is often a question about whether it is possible to mine with a simple computer or laptop with a conventional video card and processor. In theory, the answer is yes, you can. But in practice, even when mining a new cryptocurrency with little difficulty, the benefit will be minimal, if any. Chances are, you’re just wasting time and effort.

To sum up

Mining is one of the best ways to make money off cryptocurrency. But if it’s not for you, check out The Jing Stock for crypto trading.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Raising Awareness and Funds: Help Us Protect Our Family-Owned Business from Being Taken Over

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Image credit: Samantha Karagianis

For most, family is a solid bedrock, a safe sanctuary offering love and support. But what happens when a family member, or even a parent, darkens this haven with manipulation and betrayal? The story that surfaces in Samantha Karagianis’s GoFundMe campaign exemplifies the devastating impact that one person’s Narcissistic Personality Disorder can have on the rest of the family.

Samantha Karagianis is raising awareness about the importance of setting boundaries with a close narcissistic family member. By sharing her example, she hopes to spare others from their emotional turmoil.

“Narcissists gain power over you by engaging in manipulative behaviors like gaslighting, guilt-tripping, and controlling,” Samantha observes. “Recognizing these behaviors is the first step in safeguarding yourself and those you love.” 

Caught in the shadow of a narcissistic father’s betrayal

Samantha devoted years of her life to helping her husband build a business from the ground up, and they dreamed of creating a lasting legacy. Sadly, someone who should have been Samantha’s strongest ally is now the bitter antagonist in her story. 

Two years ago, a promising chapter opened with Samantha’s father offering to invest in her husband’s business. She was overjoyed, interpreting this as an endorsement of their hard work. However, as time unfolded, her father failed to honor his duties and commitments, causing internal strife and jeopardizing the business’s reputation.

Tensions reached a breaking point when Samantha’s husband restricted her father’s involvement until he was willing to take a step back and respect his role. This decision, meant to protect the company’s integrity, was met with severe backlash. Feeling insulted and sidelined, her father gave his wounded ego free reign.

The importance of recognizing narcissistic behavior disorder early

Narcissism often goes unnoticed in families until an incident brings it into sharp focus. “As soon as you recognize narcissistic behavior, enlist the support of friends, other family members, or a therapist,” Samantha urges. “A support system provides validation and reinforces your efforts to maintain boundaries.”

Unfortunately, Samantha’s wake-up call came far too late. Her father’s first move was to steal $104,000 from their business line of credit, effectively crippling their company. His manipulative schemes escalated as he tried to convince Samantha to leave her husband, falsely claimed ownership of her husband’s intellectual property, and used every opportunity to belittle and undermine their efforts.

The true depth of his betrayal came to light when he set a trap under the guise of a reconciliation meeting at their warehouse. Instead of seeking a resolution, he ambushed her husband with his attorney, pressuring him to sell the business. When they refused, her father escalated his vendetta by creating a nearly identical business entity and convincing the bank to sell him their line of credit, financially crippling Samantha and her family.

“When you set boundaries, expect resistance, increased manipulation, and attempts to guilt you into changing your stance,” Samantha warns. “Be prepared to stand firm. In some cases, it may be necessary to limit or even cut off contact with the narcissistic family member, especially if they refuse to respect your boundaries and their presence is overwhelmingly detrimental to your well-being.”

In the lowest form of betrayal, Samantha’s father forged an alliance with another abusive figure from Samantha’s past: her eldest son’s father. This resulted in a temporary protective order that separated Samantha’s husband from her son, using her child as a pawn in a vicious game of manipulation.

Weeks have turned into anguished months of legal battles. The strain on Samantha’s family is not just over future financial concerns — it has seeped into the fabric of their daily lives, threatening their stability and emotional health.

Why awareness is crucial

Samantha’s heart-wrenching story mirrors the experiences of many who have had their lives upended by narcissistic family members. This toxic behavior manifests as manipulation, emotional abuse, or outright betrayal, leaving victims in states of hopelessness and despair. 

Narcissistic family members excel in creating an environment of psychological distress. The constant gaslighting and emotional manipulation erodes self-esteem and fosters a perpetual state of anxiety.

Because narcissistic family members routinely appear engaging and charismatic to those outside the family dynamic, victims often endure this harsh, belittling treatment for years. They may feel isolated or blame themselves, unaware that they are dealing with a narcissist whose primary goal is to control and dominate. 

When narcissistic family members retain control, the ripple effect of their actions spreads throughout the family unit, affecting spouses, children, and other relatives. These dynamics lead to strained relationships, mistrust, and even estrangement.

While society understandably prefers to emphasize the inviolable nature of familial bonds, it is crucial to recognize and address the harm that narcissistic family members can inflict. Victims of this psychological trauma must seek help and find the strength to prevent toxic relationships from harming the next generation. Standing up against such injustice requires courage, resilience, and community support.

Samantha’s GoFundMe story is a powerful message to others facing similar situations. It’s about finding the courage to set boundaries, prioritize personal well-being, and stand up against unjust behavior, even when that behavior comes from close family members. 

“Setting boundaries with a narcissistic family member is not a one-time event,” Samantha concludes. “Most of the time, it is an ongoing process. However, continually maintaining those boundaries is the only way to preserve your emotional health and protect the ones you love.”

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