SMB Saathi
Which cryptocurrencies can be mined
In fact, it is often more profitable to earn your favourite coin by not mining it at all! What do we mean by that? Let’s take Bitcoin for example where it will take years now to make any sort of return on a GPU due to the high difficulty level and much higher hashing rate being deployed using ASIC devices. With Cudo Miner, your application will mine multiple other currencies with a lower difficulty and then convert the balance into Bitcoin afterwards, rewarding you with the best possible return. 💰 Is mining really important? Additionally, the process is scalable, reducing the overall mining footprint. This makes it an ideal choice for smaller mining operations. Also, it is fast and efficient, meaning that small-scale miners will be able to start mining cryptocurrencies as soon as they get the chance.
What Do I Need to Mine Bitcoins?
Crypto that can be mined
In 2017, Ethereum Classic adopted the bitcoin way, with a fixed supply cap and ETC issuance rate. Although there’s now too much supply and not enough demand, mining Ethereum Classic can still be barely profitable for at-home miners using GPU or ASIC mining machines. However, it can’t be mined with regular CPUs. What about electricity costs? If you don't intend to switch between cryptocurrencies often, LitecoinPool.org's Pocket Miner might be the mining app for you. It only supports one cryptocurrency, Litecoin, on LitecoinPool's servers. You're unlikely to find local system-on-chip mining profitable -- short of an ASIC miner, it'll take you months to generate enough Litecoin to pay for the electricity your phone consumes -- but Pocket Miner plays nicely with cryptocurrency clients for desktops and custom mining rigs.