CRYPTORENCY | TAMPANSKY

What is a crypto miner?

Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. ... In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.

Is crypto mining profitable?
If you've ever wondered whether Bitcoin mining could be profitable for you, the short answer is “no.” In the early days of cryptocurrency, smaller players could mine Bitcoins successfully; however, now it's big business, and the equipment you'd need and the electricity costs alone can eat up your profits quickly

What crypto coins can be mined?
Illicit mining rigs commonplace at universities and small businesses
1	Bitcoin	1.97%
2	Ethereum	0.81%
3	Ripple	3.16%
4	Bitcoin Cash	4.27%
5	Bitcoin SV	7.46%

Is mining crypto worth it 2019?
The price of bitcoin fell more than 70% in 2018, putting huge pressure on bitcoin miners. Mining profits fell 50% in one month alone (November) with the equivalent of 1.3 million miners going offline. ... Clearly, 2019 price trends will go a long way in helping people determine whether or not to mine at all.

Can I mine Bitcoin on my phone?
You can only do cryptocurrency mobile mining with smartphones that use Android, as it's the only mining-friendly operating system for mobile devices. Moreover, the market is flooded with apps created for Android that allow you to mine Bitcoin directly from your smartphone. ... So, iOS owners can't do any mobile mining.

Can I mine Bitcoin on my laptop?
Yes, in 2018 there currently is mining software that allows users to mine for Bitcoin on laptops. ... In the beginning, when the first Bitcoin miners evolved, BTC mining on a laptop or CPU mining as they call it was the only way you could mine for bitcoins at the time.

Is crypto mining still worth it?
Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained, although competitive ASICs cost anywhere from a few hundred dollars up to about $10,000. In an effort to stay competitive, some machines have adapted.

Is mining crypto worth it?
Mining Profitability
Some other cryptocurrencies are worth very little in U.S. dollars, but it's possible to use what you mine and convert it into fractional bitcoins on an exchange, then hope that bitcoin gains in value

Is Bitcoin mining illegal?
The short answer: In most cases, bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is illegal. ... In many cases, bitcoin is not treated as a currency by governments, but instead as an asset or property