3 years ago

Spec mining is a short term of speculative mining.
It is a process of mining a cryptocurrency which you believe that their value will increase in future but has no established value yet.
Spec mining allows miners to have a very low ROI on the coin they are mining and is opposed to mining the most currently valuable coins.
In other words spec mining is nothing but finding and mining a newly launched low difficulty altcoin which not many people are aware of it yet.
These type of coins won’t be listed on any exchanges and so they do not have any real price discovery.
Also these coins may or may not be available on mining pools.
Not only that but since the project is in its early stage the wallet could be buggy and even the mining software would be unstable.
Even though miners can often find valuable / profitable coins on WhatToMine and other mining calculators,
there will always be a batch of miners looking for coins to spec mine.
Have you ever wondered why do people mine these new not so well established coins that have no value?
It is because they think the coin might yield a good profit once it goes to an exchange.
But this is not the case always.
While speculating mining can yield some major profits (only if done right); it can also be highly risky.
Before you get into spec mining know the dangers involved.

Useful Links:

https://miningpoolstats.stream/newcoins
https://bitcointalk.org/index.php?board=159.0
https://whattomine.com/
https://www.coinwarz.com/
https://2cryptocalc.com/

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Never take one person's opinion for financial guidance.
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EDUCATIONAL PURPOSES ONLY!!!

00:00 What is Spec Mining
00:42 Where to find Spec Coins
01:09 Next chapter

Watch mu other tutorial videos:
KASPA: https://youtu.be/NdCDCN6CzOA
UBIQ: https://youtu.be/arrEQkXHEGQ
ETHW: https://youtu.be/K4fTcZuz-LY
ALEPHIUM: https://youtu.be/bON0ngcsY7A
NEOXA: https://youtu.be/RQ-2QhrNn0c

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-~-~~-~~~-~~-~-
Please watch: "How to Start Mining BEAM The-Step-By-Step-Guide.mp4"
https://youtu.be/F0QEQgd5TXg
Please watch: "How to Start Mining KASPA The-Step-By-Step-Guide.mp4"
https://youtu.be/NdCDCN6CzOA
Please watch: "How to Start Mining UBIQ The-Step-By-Step-Guide.mp4"
https://youtu.be/arrEQkXHEGQ
Please watch: "How to Start Mining ETHW The-Step-By-Step-Guide.mp4"
https://youtu.be/K4fTcZuz-LY
-~-~~-~~~-~~-~-

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