Is My Crypto Mining Project Worth Pursuing?

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Asked By CryptoDreamer84 On

Hey everyone! I'm considering developing a scraper tool aimed at helping small-scale crypto miners. The idea is to compile data from various websites, like CoinMarketCap, to identify the latest and easiest-to-mine cryptocurrencies, along with potential earnings based on the miner's hardware specifications. I know there are existing projects, but they mostly target larger cryptocurrencies that require significant computing power. The challenge I face is that I need data from CapCoins, which is either only available on a protected JSON page or requires an API key. I have a free API key, but it severely limits what I can do—like I can only sort the data. Buying a more functional API key is quite expensive, though. Should I forge ahead with coding based on limited testing due to my key restrictions, or would it be better to keep this project personal and not pursue it further?

2 Answers

Answered By TechieTim On

The days of solo crypto mining really are behind us. It's now a multi-million dollar industry where operations run on massive clusters, not individual PCs. I doubt your project will have much future, but you could treat it as a personal hobby, and who knows? You might learn something valuable along the way!

FutureTechDreamer -

That's a good point! I might still try it out for fun. Thanks for the perspective!

CryptoDreamer84 -

That makes sense. I think I’ll keep it more as a personal challenge.

Answered By RealTalkSteve On

Honestly, I don’t see a bright future for this project. Many engineers I know aren't taking crypto seriously. It's more of a playground for money-minded folks who think they understand something complex. Plus, if you're debating whether to pursue a project you can't properly test, the answer is usually a hard "no". Even robustly tested projects can fall apart, so be cautious!

HopefulMiner99 -

I appreciate your honesty, but I guess I feel the same way about crypto's viability. Thanks for the advice!

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