When it comes to crypto mining, many believe that this is only possible with a graphics card (GPU). While this used to be the case, there are now other options for cryptocurrency mining. How about CPU mining, for example? In this guide, we’ll go over the basics of CPU mining and explain how you can mine cryptocurrencies in this way. In this article you will find:
- Why doesn’t CPU mining always work?
- CPU Mining: What equipment do you need for crypto mining?
- Is CPU mining profitable?
- Bitcoin Mining on PC: How to Get Started with CPU Mining
- Mining on the PC: Solo Mining
- Mining Pools
- CPU Mining Coins: Cryptocurrencies That Support CPU Mining
- Conclusion: Is CPU mining worthwhile?
What is CPU mining?
As you may know, crypto mining is the process of providing computer power to solve complex algorithms. A miner validates a transaction block and transfers it to the blockchain ledger. For this, they are then rewarded in cryptocurrency.
Usually, as mentioned, this process is done by leveraging the power of a GPU. However, it is also possible that you are doing crypto mining with your CPU – but only for certain digital assets.
That is, only the first miner to solve the algorithm. Why doesn’t CPU mining always work?
Although you can certainly use CPU mining, CPU mining is not profitable for every cryptocurrency. This essentially means that you wait a long time for your crypto mining winnings and in the meantime consume a lot of electricity.
However, as blockchain networks evolve and block rewards become rarer, the difficulty also increases. When Bitcoin was new, for example, it was quite possible to mine with Bitcoin with CPU. That is no longer the case. You need the dedicated power of a GPU for Bitcoin mining to be profitable. Interestingly, there are some cryptocurrencies that are optimized for working with a CPU. The popular Privacy Coin Monero is one such coin. But that doesn’t mean that Monero mining via GPU isn’t more profitable…
Also keep in mind that due to ASIC GPUs – essentially dedicated GPUs for mining – some cryptocurrencies are changing their hashing algorithm to allow CPU mining instead. On StormGain you will find some information about the topic!
StormGain An interesting crypto exchange for crypto trading and investment in the various cryptocurrencies! Check out StormGain here! CPU Cryptocurrency Mining: A Picture from BeInCrypto.comCPU Mining: What Equipment Do You Need for Crypto Mining?
Absolutely and definitely a good CPU. If you have CPU mining on your to-do list, you’ll need the best processor. But which CPUs are best suited for cryptocurrency mining? Let’s take a look at the different areas so you can choose the right mining equipment. Core
The more core a processor has, the better the mining experience becomes. Additional cores mean your CPU can multitask much more efficiently, and a good starting point is an 8-core processor.
Depending on whether you use an AMD or Intel CPU, you can also use threading. With threading, your processor splits its base number of cores into even more cores to ensure it runs faster and smoother than usual. In general, a processor can run up to twice its base set of threads. For example, a 4-core processor can produce up to 8 threads on average. The more, the better. Velocity
Mining requires a relatively high hashrate for CPU crypto mining to be profitable. To meet such requirements, you need a processor with a competitive frequency, often specified in GHz. The faster the frequency, the higher the hashrate. So you have the opportunity to prevail against other miners in cryptocurrency mining.
Keep in mind that you’re more likely to lose money with a below-average processor. Although these devices mine coins, the electricity costs exceed your total mining profits. So be sure to invest in a solid CPU for crypto mining. And while we’re on the subject: Don’t use your laptop for CPU mining. Even if your laptop has a top processor, these devices are simply not made for the onslaught of heat and power. If you want to successfully mine cryptocurrencies, use a desktop with a decent power supply. CPU Crypto Mining: A Picture from BeInCrypto.comIs CPU Mining Profitable?
CPU mining can be profitable depending on which project you choose and whether you have the right parts. However, CPU mining is not nearly as profitable as GPU mining. However, a powerful mining CPU combined with a powerful mining GPU will help to further boost your profits. Bitcoin Mining on PC: How to Get Started with CPU Mining
Bitcoin mining on the PC has not been profitable for a long time. However, you now know what to look for in CPU mining equipment to mine other cryptocurrencies. Here are a few options to help the CPU miners: Mining on pc: Solo mining
Sure, you can mine cryptocurrencies – single-handedly. However, this is less recommended. In solo mining, however, you compete against a large pool of powerful crypto mining machines that are guaranteed to beat your CPU mining. Unless you’ve already worked out a master plan here, it’s not worth trying it out. Mining Pools
A mining pool is one of the most popular ways to participate in both CPU and GPU mining. Basically, you participate in the mining pool with hundreds of other miners, all working to solve a block. With all this power being used together, the chances of being the first to solve mining problems are much higher. Once this is done, the mining reward will be divided among all Mining Pool participants.
Examples of mining pools for CPU mining are Nanopool for various assets or specifically MineXMR for Monero. Keep in mind that pools also charge a percentage fee on all winnings. CPU/Cryptocurrency Mining: A Picture from BeInCrypto.comCPU Mining Coins: Cryptocurrencies That Support CPU Mining
Let’s get to the best cryptocurrencies for you as a budding CPU miner.Monero
As already mentioned, Monero is a very popular privacy coin. Monero is better than most assets for CPU mining because the project has built-in resistance to ASIC miners. This means that when it comes to Monero mining, you face much less competition compared to other assets like Bitcoin. Dogecoin
Given the asset’s growing popularity, Dogecoin is a project to keep an eye on when it comes to CPU mining. Mining this cryptocurrency is much less difficult than mining Bitcoin or Ethereum. That said, with this extra attention, mining could give users an extra boost. This means competing with users with GPUs and ASICs, which isn’t easy. Electroneum
Electroneum is a relatively old cryptocurrency with an interesting promise – the ability to process payments through a blockchain-based mobile app. What miners should address, however, is its ASIC-resistant nature. This means that your CPU will have much less competition. Also, the platform recently launched a new platform that brings it back into the blockchain conversation. CPU Mining Coins: A picture from BeInCrypto.comConclusion: Is CPU mining worthwhile?
Now you are much better informed about the process of CPU mining. It’s certainly a viable option for anyone with a desktop, but it’s not necessarily the best way to mine crypto. This type of mining is certainly aimed more at miners on a budget, but only with the right cryptocurrency project.