So I tried something last night, I started to mine a coin. Lets be clear, I do not have the hardware nor the funds to set up a rig to do serious damage and make a profit. But all the same I am mining. I have a couple decent laptops and stated to CPU mine using Minergate. The software was a little bulky so I did me a little research and I learned out to set up Claymore's CPU miner on them. Not to brag, but I am mining at an incredible 120 hashes per second. Trust me I understand that literally I am not going to make any money but it was an interesting process. Line command is something of a lost art it was good for me to break the dust off some of those skills.
So I decided to mine Bytecoin. Yes, it is worth very little but I am like a child and I like to get things. I need instant gratification for my efforts. Mining with my CPU, I was never going to see anything confirmed or paid out on many of the other coins that are available to mine. So after a night of mining, I have amassed a confirmed balance of 20 Bytecoins. At the current exchange rates, I have accumulated a net worth of $0.02.
So is it worth it? Yes and no. It was worth it for the knowledge aspect of the process. Claiming faucets are easy and way more profitable than mining in with the setup I have, but they really don't let us look behind the scenes of how the process really works. Secondly, it is worth it because I am going to let these miners run for a couple weeks on a slow setting to accumulate coins for an alternative purpose. I am going to use them in conjunction with my Eobot account to see if I can make these coins that are worth very little into an engine that makes them profitable.