A feature of the PoW (Proof of Work) in cryptos like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others, is that these can be created through mining. We’ve all heard about expensive mining equipment and the high-costs of cryptocurrencies mining process. However, crypto mining is still available for regular computer thanks to Honeyminer and Minergate.
Mining is a method in which a computer handles the cryptographic hashes to aggregate the transactions into blocks and append them to the blockchain. When a block is discovered, the miner or the group of miners who cooperated to locate it obtains a reward. Crypto mining ensures the cryptocurrency network security and the prizes are given to the miners to encourage them to sustain the blockchain.
With sufficiently high-performance processors, people can make a living from crypto mining.
Bitcoin (BTC), for example, has a complicated mining operation and demands specific cryptocurrencies mining equipment that costs several thousands of US Dollars to make a profit. However, the situation changes when it comes to cheaper cryptos with lower mining difficulties, which can be mined with a regular computer.
Crypto mining is available for regular computers thanks to Honeyminer and Minergate
Cheaper cryptos with lower mining difficulties, it is possible to mine on your PC with a CPU or GPU and achieve a flow of coins running on a daily basis. Even though these crypto coins might not be very valuable in fiat money, for some people, it’s a cool and enjoyable method of earning cryptocurrency with nothing more to do than keeping their PCs on and running.
In the long-run, however, these cheap cryptos might become leading cryptocurrencies, so, they could worth much in the future.
Crypto mining on a regular computer can still be rewarding regardless of the inconveniences such as overheating of the CPU/GPU.
Honeyminer and Minergate are the most rapid means to begin crypto mining. With these straightforward programs, an individual who wants to mine cryptocurrencies using a regular computer can commence the whole process in less than 10 minutes.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.