Is mining safe?

[Slurpy]

After seeing Linus's and Austin Evan's videos about cryptoming, I thought I would give it a try. I have a year old prebuilt PC with a GTX 1060 3GB so I assumed it would be profitable. But, when I asked my dad if I could, he said It wasn't safe. So what about mining isnt safe?

[Techicolors]

it'll wear down your GPU. expect to spend a lot of time mining with that 1060

[WkdPaul]

Why wouldn't it be safe, not sure I follow.

 

If it wasn't safe, not that many people would do it.

[Slurpy]

Just now, wkdpaul said:

Why wouldn't it be safe, not sure I follow.

 

If it wasn't safe, not that many people would do it.

Exactly, but my dad seems to think that people can hack into our accounts if I did this, Im not sure i follow him

[The Oddball]

2 minutes ago, TrevMCC38 said:

Exactly, but my dad seems to think that people can hack into our accounts if I did this, Im not sure i follow him

This is entirely false, providing you don't get malware. (Just don't be stupid)

[RollinLower]

1 minute ago, TrevMCC38 said:

Exactly, but my dad seems to think that people can hack into our accounts if I did this, Im not sure i follow him

why would they hack into your account? only if you get like a sketchy wallet service thatcould happen, but then you would need to have a lot of bitcoins in your account already to even appeal to hackers. 

 

the only real danger of mining is the constant load on your components, which causes faster wearing of said components.

 

[gansuk]

you wont be able to mine with that gpu you need atleast 4gb ram on the card and ethereum only decent crypto out that thats good to mine with a gpu

[Slurpy]

Just now, gansuk said:

you wont be able to mine with that gpu you need atleast 4gb ram on the card and ethereum only decent crypto out that thats good to mine with a gpu

i was planning on eth, and Ive never heard of ppl having issues with vram limits 

[Armakar]

safe? apart from your gpu having a lesser lifespan yeah it's safe


i wouldn't bother mining with a 1060, after powerbill youll make maybe 1$ a day

[gansuk]

3 minutes ago, TrevMCC38 said:

i was planning on eth, and Ive never heard of ppl having issues with vram limits 

if you look it up you will find the info eth uses a DAG thats stored into the vram its not quite 3gb yet but in less than 4 months it be over 3gb so u might be able to mine for a few months then no more

[Glenwing]

Probably mixing it up with hackers creating malware that makes your computer mine coins for them... If you mine coins for yourself then there's nothing unsafe about it. Same as ransomware hackers that create malware which uses encryption to lock all your files unless you pay them... Doesn't mean using encryption is unsafe. It doesn't cause you to become exposed to threats, it is the threat when implemented as malware. But if you're the one implementing the encryption and have control over it, it's not a threat, and doesn't expose you to any other kind of threat. Same with coin mining.

[Slurpy]

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