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Investing in mining




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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The Ultimate Guide to the Essential Social Skills in Business




Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).

Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.

In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.

According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.

There are several key components of EQ that are particularly important for success in the workplace. These include: 

Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.

Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.

Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.

Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.

Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.

A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.

Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.

And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.

In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.


Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.

Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.

Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.

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