Can I use a Bitcoin mining equipment to mine for other cryptocurrency?

Still have a question? Ask your own!

Bitcoin Mining is your Gold Mining. Your gateway to the future.Isn’t it amazing if tell you that you can print your own money ? Yes, you can create your own bitcoins and spil much spil you want and this can be done using you hardware or cloud services .

Hardware Based Mining

Ter the initials days of Bitcoin mining , it wasgoed lightly mined using the CPU . Spil the miners enlargened , to use more hash rates people began using GPU and now ASIC. I am not going into the details on how this works ter the background , you can refer to this Bitcoin mining if you want to know the science behind it.

You can use the hashrate of your own rekentuig to mine bitcoins. But due to gigantic number of miners , difficulty of blockchain and high hash rates of ASIC its almost unlikely to mine Bitcoin for profitability. How can you contest with your 100H/s against 1TH/s ? If you have free electro-stimulation then you can get some sort of profit. Where spil you can mine Altcoins or Alternative Cryptocurrencies such spil Monero , Bytecoins , DASH , Ethereum etc. You can wait for them to turn into Gold or you can convert them to Bitcoin using Cryptonator

All you need to do is Register,Download Minergate GUI Miner for Windows/Linux and commence mining. They also offerande “Smart Miner” which automatically mines altcoins based on current exchange rates.

If you have a high budget you can get yourself BITMAIN ‘s Antminers which will cost 1000$ +. You can calculate the profitability using Cryptocurrency Mining vs. Bitcoin Mining Profitability .

Cloud Based Mining Services

This concept is going rounds for last few years, there are certain mining companies who are suggesting cloud services. All you need to do is sign up at their websites and buy hashrates. They take onetime toverfee + daily maintenance toverfee and suggest lifetime contracts / one/two year contracts. You can mine Bitcoins , Monero , Ethereum , Dash etc and you can calculate your profitability using Cryptocurrency Mining vs. Bitcoin Mining Profitability . But te this cloud mining sector , maximum companies are running scam like TeraBox – Cheapest Bitcoin Mining , so you have to choose very cautiously . You can trust the below websites fully.

Genesis-mining ( Use code mNpFUG for 3% discount)

Any Monero / Ethereum contract will give you 80% + Come back on Investment and this is one of the reasons why yam-sized number people are joining the mining business.

Related movie: 12 Graphics Card’s All Ter One Equipment And Air Filtered! Part Five / 6 Cards Up and Mining Zcash

Leave a Reply