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can you mine bitcoins on a regular computer

can you mine bitcoins on a regular computer

can you mine bitcoins on a regular computer插图

Yes

Can I damage my computer by mining bitcoin?

Will Bitcoin mining damage my computer? It is possible to damage your computer by mining in the following ways: the computer will degrade more, as it is used more (you will have to replace it sooner than normally) the computer will overheat and some components will fail because of that (if for example, the computer is dusty.

Is it still possible to mine bitcoins on your computer?

Today it is impossible to mine Bitcoin on a normal computer, no matter how good it is. Today you need an ASIC – a machine specially designed and built just for mining Bitcoin. And it is REALLY costly! Even after forking out thousands of dollars on one of those, it is notoriously difficult to even break even.

Is bitcoin mining bad for your computer?

yes bitcoin mining is good for computer if you are using high capacity computer. if low capacity computer use please do not use bitcoin mining this is my opinion. cause of its very high complex process and makes overheat in computer. Yes, bitcoin mining is bad for computer if your computer is low configuration.

Is bitcoin mining on a laptop worth it?

Yes, when creating a mining farm, money would have to be invested a lot, but when mining on a laptop or computer, initial investments are not needed; Low cost. So, when using a computer as part of cryptocurrency mining, the only thing users will have to pay for is electricity and buying a video card.

What is overclocking in Cudo?

Overclocking is a way for miners to optimize their GPU for better mining performance. Softwares like Cudo Miner allow users to manged these overclock settings within the software, whereas some of the others do not.

What is the difference between Cudo and Honey Miner?

One huge difference between Cudo and Honey Miner is the fees that Honey Miner charge for use are higher for low-end computers. So if your computer is only equipped with a CPU, this may not be the best route. To get started with Honey Miner, use the link below, and follow the instructions on their main site.

What is mining rig rental?

Mining Rig Rentals is another great option for those who are looking to get more hashpower for mining. Miners donate their mining rig so that buyers can lease them for however long they wish. For more info, check out the mining rig rental’s main site.

What is nicehash mining?

Nicehash, as we stated earlier, is a marketplace for buying and selling hashpower. Miners offer to sell/rent their rigs hashpower through the use of the software. Buyers can then place bids on this hashpower for a chance to use the hardware for their own mining profits. For more info, checkout Nicehash’s main site here.

What is mining software?

Mining Software- Mining requires computers to solve complicated math, which is nearly impossible without the use of specialized software to do so. These days newer software allows at-home computers to be able to participate with ease and maximize earnings by using profit switching methods.

Which is better for Bitcoin mining: Windows 10 or Windows 10?

Windows 10 works best for most applications and is easier to navigate for most new miners. High-Speed Internet- Bitcoin mining requires miners to be constantly connected to the internet to be able to update the blockchain.

Is Nicehash a competitor to Bitcoin?

Nicehash is a long-time competitor of Bitcoin Mining software and was very popular during Bitcoin’s great bull run of 2017. In fact, nicehash was probably the first mining software of its kind when it first released in 2014.

Speed of Mining

Cryptocurrencies and blockchain will change human life in inconceivable ways and I am right here to empower folks to know this new ecosystem so that they can use it for their benefit. You will discover me studying about cryptonomics and consuming if I am not doing the rest.

How Long Does It Take To Mine Bitcoin?

But don´t fear, there& #39 ;s one solution to this case – cooperation between miners in so-referred to as mining pools. For example, relying on Bitcoin’s price, it might be extra worthwhile to simply purchase Bitcoins instead of mining them.

Choosing your hardware: ASICs vs GPUs

While mining bitcoin on your computer is no longer viable, there are other cryptocurrencies that you can still mine using a CPU.

Bitcoin Cloud Mining vs. Bitcoin Mining Hardware

If you& #39 ;ve ever wondered whether Bitcoin mining could be profitable for you, the short answer is “no.” In the early days of cryptocurrency, smaller players could mine Bitcoins successfully; however, now it& #39 ;s big business, and the equipment you& #39 ;d need and the electricity costs alone can eat up your profits quickly.

Why are centralized mining cartels responsible for Bitcoin forks?

These centralized mining cartels mint the vast majority of new Bitcoin, and are responsible for contentious forks of Bitcoin in order to maintain a monopoly of the network.

Does Minergate have GPU mining?

Minergate also offers GPU mining if you like their interface better. Here, Suprnova offers a detailed guide for how to get up and running. Zcash is another anonymous coin similar to Monero. * (Update: ASICs will now soon be available for Eth/ZCash, so GPU mining may soon become obsolete)

Can I mine Monero on any computer?

This feature seems to fulfill the original intention of Bitcoin for “One CPU, one vote.”. Therefore, it is possible to mine Monero on ANY computer. A user-friendly website that I have used to CPU mine Monero for …

Is mining a cryptocurrency?

6. Mining is a great way to enter the cryptocurrency ecosystem. However, Bitcoin/Litecoin is almost impossible to mine for the average user. It requires expensive equipment called ASICs that are made by a controversial, centralized company called Bitmain. These ASIC chips consume high amounts of electricity, and ASIC mining farms often use cheap & …

Is Google an investor in Storj?

Apparently, Google is an investor in Storj, and while it has had growing pains, I am bullish on Storj going forward. On Mac it’s extremely easy to set up Storj and start up, but it is a little more in-depth for Windows users:

Can you make passive mining income with a spare core?

If you leave a spare core, you should have no problem doing most tasks on your computer while simultaneously earning passive mining income. It depends on your equipment, but if you have a decent CPU you can make a reasonable income as long as your computer is on and running.

What is Bitcoin based on?

Bitcoin, like seemingly every other technology these days, is based on the blockchain. The blockchain is pretty much what it sounds like: a series of interconnected “blocks.” In Bitcoin’s case, these blocks are used as transaction ledgers that make sure every exchange of the cryptocurrency is legitimate. Instead of trusting a central figure, like you do with traditional currencies, you’re trusting the math behind Bitcoin to ensure everything is on the up-and-up.

What is a mining rig?

That’s what your mining rig is–a system that downloads the blockchain, does a bunch of math, and assures the rest of the Bitcoin ecosystem that a given transaction was legitimate.

Why is Bitcoin harder to mine?

The answer lies with one of Bitcoin’s basic principles, which makes the cryptocurrency harder to mine as it grows in popularity. That way, having a bunch of people mine Bitcoin won’t undermine its value. It’s almost like circulating a limited number of U.S. dollars so each one is worth more, comparatively, instead of thinking you can create wealth by literally printing money.

How to get bitcoin on PC?

You can technically acquire bitcoin with your PC by using Nicehash.

Is Bitcoin a limited resource?

Unlike gold, however, Bitcoin isn’t a naturally limited resource. One could theoretically design a cryptocurrency that allows someone to earn as much as they want as long as they have the hardware to back it up. But that would devalue each unit (or “coin” for most cryptocurrencies).

Can you mine Bitcoin on a GPU?

This increasing complexity makes it harder for general hardware, like an off-the-shelf CPU or GPU, to mine Bitcoin. The days of being able to mine Bitcoin while your system would otherwise be idle are pretty much over; you’re not going to make any real money that way. Instead, dedicated Bitcoin miners have to create “mining rigs” devoted specifically to Bitcoin mining.

Can you mine Bitcoin with a graphics card?

There was a time when anyone with a graphics card–or even just a CPU–could mine some Bitcoin and turn a profit . That time has long since passed; these days, you need an application-specific integrated circuit (ASIC) setup to even have a shot at making some money. But why did Bitcoin go from being an easy money maker to something few can afford to mine?

How to earn Bitcoin for sellers?

All that is needed for sellers to participate in earning Bitcoin is to download and set up Nicehashes mining software on their laptop mining device.

How much does Honeyminer charge for GPU?

With Honeyminer fees for one GPU are 8% and 2.5% for two or more and Nicehash has a flat fee of 5%. Both have advantages based on demand and market conditions, so it’s tough to say which one is better over the other. In the end, you’ll have to try them both and compare them with your laptop.

When did Nicehash breach?

Nicehash has been around since 2014, and I’ve used them a lot personally without any significant issues. They did have a wallet breach in 2017 that affected a lot of miners, especially those who mined to Nicehashe’s internal wallet.

What is Awesome Miner?

Awesome Miner is another auto profit switching and auto currency converting miner. Perfect for anyone who wants to be sure their laptop always mines the most profitable coin no matters what without the fees.

When did Bitcoin start mining?

If you’re looking to start Bitcoin mining on a laptop these days, it’s a bit different than laptop mining for Bitcoin way back in 2009 when Bitcoin’s core developer Satoshi Nakamoto was first pioneering Bitcoin mining.

How long does it take to run a rig1?

The miner will then run a series of benchmarks to test your laptop’s hardware across several algorithms and can take up to 2 hours depending on your machine’s hardware.

What is NiceHash?

Nicehash is essentially a marketplace for buying and selling your hash-power. Buyers looking into mining low difficulty cryptocurrencies without physically operating or owning mining hardware can bid on and rent computing power from sellers inside Nicehashe’s platform with a form of payment in Bitcoin.

How to secure your Bitcoin wallet?

Once you’ve chosen a Bitcoin wallet, set it up for maximum security to protect your Bitcoin. Use two-factor authentication to secure your account. When you log in, a code will be sent to you in a text message or email. You have to enter the code to access your account. This makes your account less vulnerable to hacking.

What happens when you mine Bitcoin?

When you "mine" Bitcoin, you actually verify Bitcoin transactions in the public, decentralized ledger of Bitcoin transactions (called the blockchain ). Every time you find a new block to add to the chain, the system gives you some Bitcoin as a reward.

What is an ASIC miner?

Buy ASIC miners and a power supply for your mining rig. An ASIC miner is an application-specific integrated circuit (ASIC) designed specifically to mine Bitcoin. Essentially, it’s a computer chip that needs a power supply to run it. ASIC miners vary in price depending on their hashing power and their efficiency.

How much power does Bitmain Antminer S15 have?

For example, the Bitmain Antminer S15 has a maximum hash rate of 28 TH/s and consumes 1596W of power. Over the course of a year, you could earn a little under $200 worth of Bitcoin with this miner, depending on the cost of your electricity. However, considering the miner costs between $1500 and $2000, it would still take you at least 7 to 10 years at that rate to start turning a profit, at the Bitcoin price of $4000.

How does cloud mining work?

Pick a cloud mining contract package. With cloud-mining, you essentially lease mining power from a miner farm for a period of time. While your contract is active, you get all the Bitcoin that is mined using that amount of mining power, minus fees paid to the cloud-mining service for maintenance of the mining hardware.

What is hybrid wallet?

Some wallets are hybrid, meaning that you can access them through software on your computer and through an app on your mobile phone.

How long do contracts last?

Contracts typically last from 1 to 3 years, although some last longer. While shorter contracts may carry a lower price tag, it’s unlikely that you’ll make any money in a shorter period of time. You usually need at least 2 years to break even.