Do you know what is CPU mining? Your answer would be probably NO. If so, we’re here to help you educate yourself about it. Don’t worry, we’ll also try answering most frequently asked questions about the topic.
Even though days of mining 50 BTC with a laptop are long gone, some miners still prefer it and mostly due to some claims to this day still suggest this is the most cost-effective crypto-mining hardware. The method still works on few crypto-currencies at lower-end machines; however, you should not try mining EVERY currency with this technique in 2022.
With the emergence of ASIC and GPU mining, CPU mining is not too popular anymore but as the GPU prices start to hike considerably, some miners are again trying to revisit their old days when they used to mine using CPU. Did you know that in the early days of Bitcoin, miners only prioritized CPU mining? Believe it or not, one could mine BITCOIN using their Intel Pentium CPU and generate over 100s of BTC back in 2010.
What really is CPU Mining?
Mining is the act of allowing computer power to solve complex mathematical puzzles or algorithms. Central Processing Unit or CPU mining is a method that uses CPU cores to check transactions on the blockchain and to create or mine new coins. It involves using CPU mining rigs or more likely everyday use computers. During the early days of crypto-mining, this was the only technique widely used but as the GPUs became powerful and powerful, they replaced the poor CPUs. However, there are still some currencies you can mine using CPUs. Below is the list:
The profit ratio depends on factors such as hardware cost, network hash rate and energy cost, etc.
How to choose the CPU?
More cores, the better. It will increase your mining efficiency. We suggest going with an atleast 8-core CPU.
Threads further divide your cores into “logical cores”. Just like cores, we suggest choosing a CPU with maximum number of threads.
You need to have a good CPU speed to outmatch other miners and bang the maximum buck. Please invest in a good CPU and don’t cheap-out on this. Remember, choosing a CPU which doesn’t fulfill the above listed parameters, you might end up losing money as the energy cost might get bigger than your profit ratio.
Examples of some good CPU’s for Mining are:
AMD Ryzen Threadripper 3970X. The absolute best mining CPU.
AMD Ryzen 9 3950X. Another brilliant mining CPU from AMD.
Intel Pentium Gold G-6400. A great CPU for maximising mining profit.
AMD Ryzen 5 3600X.
AMD Ryzen Threadripper 3960X.
Intel Core i9-10900X.
Intel Celeron G5905.
AMD Ryzen 3 3100.
How to start?
1) Solo Mining:
This means you try to jump into the battle all by yourself therefore we don’t recommend this, as you’ll be up against the experts so don’t try this unless you really know what you’re doing.
2) Mining pool:
- a) Cryptocurrency mining pools are groups of miners who share their computational resources.
- b) Mining pools utilize these combined resources to strengthen the probability of finding a block or otherwise successfully mining for cryptocurrency.
- c) If the mining pool is successful and receives a reward, that reward is divided among participants in the pool.
Is CPU Mining is profitable?
It would be unfair if we don’t talk about whether it’s worth it or not after all the explanation. The most important point here is that most currencies which are still worth mining from the CPU are still very unfamous, and exchange listings at this stage are usually slim to none.
This might be the only way to obtain some of those coins early because we only want to mine them when the yields are much higher. Afterall, we can’t really predict the future of most infancy currencies out there. One of them might be the next BITCOIN who knows? Bitcoin in its early days was also a laughing stock for most of the people but look at its worthy now! So, this idea is to accumulate tokens early on and hold them until the coins you minted are worth more money.