The Dutch are becoming more and more captivated by cryptocurrency. Being the past year a lot of people in the Netherlands into bitcoin and other altcoins. People who have been involved in such investments for a while are in some cases also working on it minen of digital currencies. It has been known for a while that bitcoin can no longer be mined via a regular laptop or desktop. Stronger devices are needed for that. If you still want to get started in this way, there are a number of altcoins that you can mine from this type of equipment. You can read more about it in this article.
Why start mining crypto?
First a little more about mining; when you have a good desktop or a gaming pc starting mining is actually very easy. If you really want to understand mining, you have to first know more about blockchain. This chain has, as it were, blocks of data (transactions and fingerprints, also known as a hash called). Each new block contains some data (fingerprint) of the block that comes before it. That means that the entire history of the chain is in the last block. When you start mining, you let your computer solve a mathematical formula to get a hash for the next block.
So your computer is constantly working to get a good formula. You can do this by buying the necessary equipment yourself (for example by purchasing a desktop or laptop on sale purchase) or by outsourcing such tasks to a company in cloud mining. Now you may be wondering why you should start mining crypto. Mining has some nice advantages:
- You don’t need to have a lot of knowledge to start mining. When you have such tasks performed by a cloud mining company, you don’t even have to purchase any equipment.
- Once the mining is up and running, you have an interesting source of passive income.
- What is nice is that you do not have to invest in crypto to be able to start mining.
- You contribute to strengthening a crypto currency.
Mining Ethereum (ETH) from your own laptop
In addition to bitcoin, Ethereum’s ether (ETH) is the largest crypto currency. When you have the right tools and equipment, it is possible to mine ETH from your desktop or laptop. It is recommended to participate in a so-called mining pool to increase the chance of success. A mining pool is a group of people who are mining together, which means that relatively fewer people worldwide are engaged in mining. This gives you a better chance of making the next block. Mining ETH is relatively easy: download the blockchain to get your wallet to set up properly. Then you change the settings of your wallet in such a way that you can start mining.
Mining Dogecoin (DOGE) from home
Dogecoin (DOGE) started as a joke by a memeuntil Elon Musk ran off with it. The altcoin subsequently grew into a popular cryptocurrency with a significant number of users. The big difference with bitcoin is that Dogecoin gets new numbers of coins available every year – with Bitcoin there is a limit to coins. That is why it is extra interesting to start mining DOGE, the coin of Dogecoin. Make sure you have a wallet to receive your earnings. If you don’t have a wallet, downloading the Dogecoin core wallet is an idea. It is also recommended to participate in a mining pool with this crypto coin to increase your chances.
Minero (XMR) from your computer
Finally, another interesting coin that you can mine from your laptop or computer: XMR from Monero. This digital currency is anonymous and extremely popular. Monero’s network is constructed in such a way that it forms the ideal basis for getting started with mining from your computer or laptop. Again, you must have a wallet – it is recommended to go for the official Monero wallet: Monero GUI Client. Next, you need to download the necessary mining software that supports Monero, such as the easy-to-use Multiminer. There are also other softwares you can use to mine XMR from Monero.
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