Mining Ethereum from home can be one of the most profitable activities in the crypto world. Because, unlike Bitcoin, ETH has a lower level of difficulty regarding mining.
This opens up a world of possibilities for users, as they can mine the cryptocurrency from the comfort of their homes with their desktop computer.
However, not just any computer can mine, as it could take days and even months and not generate noticeable profits. Therefore, we have decided to explain some frequently asked questions on the subject.
Is it possible to mine Ethereum from home?
Now, it is more than clear that the digital world of cryptocurrencies is growing unstoppably. Which leads to the consequence that cryptocurrencies are becoming more complex and some may become more difficult to obtain.
Ethereum (unlike Bitcoin) so far can be mined at home. However, it requires a computer with the correct capacity for it to be profitable.
On the other hand, in addition to the conventional method of mining, there are also other alternatives, which, on occasions, could be more profitable. Although this varies greatly depending on multiple factors.
What does it take to mine Ethereum at home?
Although Ethereum can be easily mined, it also requires special equipment. However, the demands are lower. Even a computer with an older generation processor could mine Ethereum, although its performance would be excessively poor.
Furthermore, the equipment requirements often vary depending on the software being used to mine Ethereum. In case of mining with Claymore Dual Miner, a PC with the following characteristics will be required to start mining:
- The computer must have Windows 7 64-bit or higher.
- A minimum of 4 GB of DDR3 RAM.
- Latest generation i3 CPU.
- AMD / NVIDIA GPU with at least 3GB of VRAM.
- Good internet connection.
It should be noted that the requirements mentioned above are only the minimum specifications to mine Ethereum with this software. Therefore, the result obtained could be quite low.
However, if you have a PC with the recommended specifications, this would be enough to start mining. It is worth mentioning that the profits or the money obtained will be stored in a wallet found in the software used, which in this case would be the Claymore Dual Miner.
How much money does it take to start mining?
The money needed to start mining is quite low compared to the high numbers that need to be invested for Bitcoin mining. Starting with the price of a computer with the specifications varies between $ 300 and $ 600 dollars.
Although, to obtain better results and that they can be seen as soon as possible, it is necessary to have a PC that has a better processing system, as well as a better GPU.
A recommended Ethereum mining computer can cost more than $ 800.
How much money can you earn?
The money that can be earned by mining from home can be very varied. Since it is not only necessary to invest in a computer, you must also buy noise insulation, graphics cards, among others. However, if a full investment is made you could easily be getting about 3 ETH tokens per month.
However, this usually varies depending on the mining hardware I know you are using. It is worth saying that with a conventional computer, getting an ETH token could take several months. Therefore, investing in special equipment is still the best option to obtain more tokens and thus earn more money.
Is it profitable to mine from home?
Mining from home can be profitable, however, it will only be profitable if you have the ideal equipment.
The reason for this is that mining from home can be a complicated task. However, you can search for other cryptocurrencies to mine, such as Monero.
In conclusion, mining Ethereum from home is profitable, but only if you have the right equipment. In case you want to mine using a conventional PC, the results can be seen after months or perhaps at the end of the year.
Therefore, it can be said that mining will always be profitable when the user has made the necessary investment in mining hardware.