How You Can Still Make Money by Mining Cryptocurrency




If you’re a Bitcoin (BTC) mining vetener who feeds on how the multi-billion-dollar ASIC data centre has captured the spotlight, you’re probably already very knowledgeable about alternative coins. However, you may have won a cool new GPU or are lying around in the Newegg lottery. Or maybe you’re wondering if you can make money from all those hard discs in your closet by selling them on Chia. If you’re new to cryptocurrency mining, the good news is that the game isn’t over yet.

We will look at how mining (and in Chia agriculture) can be done with hardware that is already available or could theoretically be purchased at a retail store, as well as how we made money from GPUs, CPUs, and drives in our recent real-world experiences. Please keep in mind that this is not a guide for devotees who want to build their own mining plant. It’s for people who want to see if they can make money without putting in too much effort, or who are simply interested in mining with equipment they already own or can get from a store.

Source: Amazon.in

History

Bitcoin mining is dominated by massive mining facilities. The most expensive ASIC-powered computer costs more than $300,000. As a result, I don’t see how mere deaths can participate, but please let us know in the comments if any of the readers can still make it work. Fortunately, the “Bitcoin Bubble” quickly expanded beyond BTC.

I’m particularly interested in two coins because they have widespread support and can be mined using consumer hardware. ASICs cannot be taken over, and thus the Ethereum algorithm can master the production of ASICs. You can still use many others, but these two are a good place to start, and they can be slightly more or less profitable on a daily basis.

Mining etherum using GPU

It is uncannily simple to start mining Ethereum – or more than one ideally – if you have or can find a decent discrete GPU. When I first wrote about mining BTC, you had to be a network full node, have your own wallet, and most likely participate in a mining pool. If you already have an account with a cryptocurrency exchange that accepts ETH, such as Coinbase, you can easily use your wallet address from that account with mining pool software.

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