Is CPU mining still profitable in the world of digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  CPU mining used to be a profitable way to mine digital currencies in the early days. However, with the introduction of ASIC miners and the increasing difficulty of mining, CPU mining has become less profitable. Nowadays, it's more common to see specialized mining hardware like GPUs and ASICs being used for mining, as they offer much higher hash rates and energy efficiency compared to CPUs. So, if you're considering mining digital currencies, it's unlikely that CPU mining alone will be profitable.
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• Nov 26, 2021 · 3 years ago
  Well, it depends. If you have access to free or very cheap electricity, and you already have a powerful CPU, then CPU mining can still be somewhat profitable. However, keep in mind that the competition is fierce and the rewards are diminishing. You might be better off investing in specialized mining hardware or joining a mining pool to increase your chances of earning profits. It's important to do your research and calculate the potential costs and returns before diving into CPU mining.
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• Nov 26, 2021 · 3 years ago
  According to a recent study, CPU mining is no longer profitable for most digital currencies. The high energy consumption and low hash rates of CPUs make it difficult to compete with specialized mining hardware. However, there are still some cryptocurrencies that are designed to be CPU-friendly, such as Monero. These coins use mining algorithms that are resistant to ASICs and GPUs, allowing CPU miners to have a chance at earning rewards. So, if you're interested in CPU mining, it's worth exploring these CPU-friendly coins and staying updated on the latest developments in the mining industry.
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