With the Kaspa network hash rate hitting all-time highs recently, leading to increased prices for specialized mining hardware like ASICs, many crypto enthusiasts are looking for alternative ways to get involved with mining the popular cryptocurrency. Alex explores three methods for mining Kaspa without expensive, hard-to-find equipment: using the CPU on your computer, using your phone, or buying a fractional share of a mining operation.
CPU Mining
As Alex explains, CPU mining utilizes the processor of your computer to mine cryptocurrencies. While less efficient than dedicated hardware, high-end CPUs like the AMD Ryzen 9 7900X can deliver respectable results. Alex claims to achieve “about 16.5 Kaspa per day” through CPU mining. Considering you likely already own a suitable computer, the upfront investment is minimal, so the potential returns look promising. However, profitability depends heavily on electricity costs associated with powering energy-hungry CPUs.
Phone Mining
Phone mining follows the same principle, leveraging the computing power of smartphones to mine crypto. But as Alex discovered in testing different models, there is significant variation in hashing performance between devices. Combining multiple phones yielded Alex about 6.3 Kaspa daily – not earth-shattering but decent given very little upfront or operational costs. The concern with phone mining is potential damage from overheating leading to shortened device lifespan.
Fractional Mining
Fractional mining means purchasing a share of hashing power from an established mining operation, allowing participation without buying and maintaining any equipment personally. Pointing to over 600,000 Kaspa distributed to fractional miners, Alex suggests this path could offer the highest profits. But fractional mining requires trusting an external company to deliver on promised returns – thorough vetting is essential before investing.
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So, Do the Numbers Make Sense?
For those with suitable hardware already, as Alex concludes, “the return on investment can be quite favorable.” But fractional mining offers the most straightforward path to passive income for non-miners, despite reliance on third-party providers. As Alex says, the key is “due diligence in selecting a reliable fractional mining service.” While the exact numbers depend on individual circumstances, Alex makes a compelling case for mining Kaspa or investing in mining infrastructure, even for non-technical folks.
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