Different people has different reason to enter cryptocurrency mining.
What is your goal or behaviour in mining cryptocurrencies? You want to accumulate:
Fiat, exchanged from cryptocurrencies mined
1 votes
· 0 satoshis
BTC (solely or mainly) for HODLing, exchanged from cryptocurrencies mined
0 votes
· 0 satoshis
ETH (solely or mainly) for HODLing, exchanged from cryptocurrencies mined
0 votes
· 0 satoshis
Each respective cryptocurrency for HODLing (exchanged only as needed to cover costs)
0 votes
· 0 satoshis
Each respective cryptocurrency for trading (compounded portfolio actively traded for gains, not HODLing)
0 votes
· 0 satoshis
Mining just for the sake of mining; I'm just enthusiastic of cryptocurrencies or mining, but I don't know what I want to do with the accumulated cryptocurrencies
Its already been proven to work like that. An algorithms efficiency is not the same as its utlization. Just like electric cars are more efficient but you can drive them wrong.
I'm a little out of my depth here, but would like input from real #mining and #blockchain experts. Is it possible to lower #energy consumption just by using a different algorithm?