Tuesday 28 September 2021

Can I mine cryptocurrency from home and what equipment do I need?

Power consumption depends on your computer although it ranges from 0.1 to 0.6 kWh

Paying the bills

Latest

Can tourists get vaccinated in Costa Rica?

QCOSTARICA - Can tourists be vaccinated in Costa Rica,...

Today’s Vehicle Restriction September 28: Plates ending in “3 & 4” CANNOT circulate

QCOSTARICA - For today, Tuesday, September 28, vehicles with...

Mexico reveals why it rejects tourists from Costa Rica

QCOSTARICA - Mexico has been one of the favorite...

Bianca, Mick Jagger’s first wife: “Nicaraguan by grace of God”

QCOSTARICA - Bianca Jagger, who was the first wife...

Train Yourself to Stay Calm Under Pressure

Do you know anyone who handles stress really well?...

Alunasa, a Venezuelan state company in Costa Rica, leaves employees without salary

QCOSTARICA - The Venezuela state-owned company operating in Costa...

In Venezuela there is food, but expensive

Q24N - The Venezuelan economy has begun to reactivate....
Paying the bills

Share

HQ – Processing a financial transaction using a cryptocurrency on the Internet, such as Bitcoin and Ethereum, which are the most popular digital currencies, has become an attractive activity to generate extra income.

However, this process popularly known as “mining” consumes large amounts of energy, so knowing this aspect becomes essential.

- Advertisement -

The consumption will depend on the characteristics of your computer, so it could range between 0.1 and 0.6 kWh.

If you have a computer equipped with a 3.6GHz AMD Ryzen 5 3600X processor; a Gigabyte B450 AORUS Pro motherboard; 32GB of RAM and a 12GB RTX 3070 video card will consume approximately 0.2 – 0.3 kWh.

This configuration is one of the most common to mine Ethereum or other types of cryptocurrencies, except for Bitcoin, which requires many more computers like this interconnected.

But then, is it profitable to mine cryptocurrencies individually from home? It depends on the cryptocurrency.

Almost all, except Bitcoin, because it requires hundreds or thousands of computers like the one detailed above to compete against super mining farms.

Monero, Litecoin and Dogecoin, in addition to Ethereum, become options for mining from home, where even, if the equipment is powerful, you can do it while doing another task.

- Advertisement -

If you want to save additional money and not spend as much electricity and also help the environment, you can opt for the installation of solar panels.

It is an expensive option at the beginning but that the investment is recovered over time by saving in the payment of electricity, in addition to becoming a source of clean and renewable energy.

Today there are more than 10 thousand cryptocurrencies in the world and the amount continues to rise, however, these are the five most popular:

Source: https://www.iebschool.com/blog/

- Advertisement -

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Flaws in Bukele’s digital wallet ruin bitcoin debut in El Salvador

Q24N - The Bitcoin debut in El Salvador as an official...

El Salvador will adopt bitcoin as currency amid strong skepticism

Q24N - El Salvador will, on Tuesday, September 7, become the...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.