Is there a future for my cryptocurrency scraping tool?

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Asked By CryptoDreamer92 On

Hey everyone! I'm planning to develop a scraper tool aimed at helping small crypto-miners. The idea is to collect information from various websites (like CoinMarketCap) to find out about the latest cryptocurrencies, which ones are the easiest to mine, and potential earnings based on the miner's hardware specifications. I do know there are similar projects out there, but they usually target larger cryptocurrencies that require hefty computational power. The challenge I'm facing is that I need to gather data on capcoins, which is only available on a JSON page that isn't authorized for use or accessible via a paid API key. I've got a free API key, but it's pretty limited, and purchasing a full key is quite pricey. Should I proceed with coding something despite the testing limitations, or just keep the project personal?

2 Answers

Answered By RealisticCoder89 On

Honestly, I’m leaning toward ‘no’ for the future of this project. From what I see, most engineers I know aren't taking crypto too seriously; it seems like a playground for money-minded folks who think they're being clever. And just a tip—if you’re questioning whether to build something you can’t even test, the answer should probably be no. I work on robust projects that are heavily tested, and things still break, so you should be cautious.

CuriousDev201 -

I get that! I really didn’t expect much from the project anyway, especially that part you pointed out. Thanks for your input!

Answered By MiningExpert101 On

The landscape for small crypto-miners has changed drastically. The days of individuals mining effectively on their PCs are pretty much over. It’s now dominated by large operations with extensive resources. So, I really can't see a bright future for your idea. It might be better as a personal project for your own enjoyment, honestly.

SideHustleFan23 -

That’s a valid point. However, regular people can still join 'mining pools' where everyone contributes and shares rewards. You can make some money using consumer GPUs, just not a ton.

CryptoDreamer92 -

Thanks, I'll keep that in mind!

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