Estimated returns from Electroneum Mining. This means much smaller rewards for you, but at far more regular intervals, perhaps as often as every day.Īnd surprisingly given the reintroduction of ASIC mining to Electroneum, when I checked at it looks as if you can be profitable mining with GPUs, if you’ve got a pretty powerful rig, preferably with multiple GPUs. The downside of the mining pool is that you have to split the block reward with all the others mining in the pool. Pool mining combines your resources with that of other miners, in some cases it could even be thousands of miners, to make it easier to find blocks and collect mining rewards. It’s really just better to take the pool mining route and ensure you’ll get some coins for your troubles. I mean, you could do it if you’re feeling lucky, or if you don’t mind not finding a block for months and months. Obviously with the reintroduction of ASIC miners solo mining for individual users becomes somewhat out of the question. That led to the reintroduction of ASIC miners in July 2018. It turned out not to be however, as the network saw too few GPU miners to remain secure. So, when the blockchain forked back in May 2018 to keep itself ASIC resistant following the release of CryptoNight ASIC miners it seemed like a good thing. I mean it really isn’t beneficial to those mining with a mobile phone if ASIC rigs are also allowed to mine. It’s a privacy based coin similar to Monero (XMR), and it runs on the CryptoNight algorithm for solid security and initially to keep it ASIC resistant. With over 2 billion mobile phones in use, and that number growing rapidly, it’s a very powerful proposition for the advancement of cryptocurrency adoption by the average person. The coin and mining pools I want to look at today is Electroneum (ETN).Įlectroneum is extremely interesting from a mining perspective because it was designed to be mineable using little more than a mobile phone. Some are easier to mine, and some are more profitable, but all of them get you started in the world of blockchain and cryptocurrencies. There are a lot of different cryptocurrencies out there that you can mine.
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