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RE: Is Mining Worth It? You be the Judge.

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The easiest cryptocurrency to mine is one that doesn’t require you to build a massive mining rig. Although it was initially possible to mine Bitcoin using laptops and desktops, the growing mining difficulty as well as the advent of Application Specific Integrated Circuit (ASICs) hardware created specifically for bitcoin mining has made it all but impossible to profitably mine Bitcoin at home using the processing power of a PC or laptop computer.
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  • By mining, you can earn cryptocurrency without having to put down money for it.
  • Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions, which are added to the blockchain.
  • Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.
  • You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.
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