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What hardware is needed to mine cryptocurrency?

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What hardware is needed to mine cryptocurrency?

You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.

Is there an app to mine cryptocurrency?

MinerGate Mobile Miner: with this mobile app, you will be able to mine multiple altcoins apart from Bitcoin. Bitcoin Miner: this is probably the most popular android app for mining cryptocurrencies currently and is available for most devices.

Do you need hardware to mine Bitcoin?

Instead of using a personal computer, Bitcoin mining can also be done using specialised hardware called application-specific integrated circuits (ASICs). The catch is that a particular ASIC can only be used to mine for a particular cryptocurrency.

Can I mine any cryptocurrency on my phone?

MinerGate Mobile Miner is a mobile application that will allow users to mine for cryptocurrencies on their phone. The app promises increased performance and lower power consumption through the use of a dedicated hardware chip found in the latest smartphones.

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What is the easiest coin to mine?

Litecoin stands as one of the easiest cryptos to mine because of its less volatile nature. It is also easy to trade on many platforms and boasts of high speed and affordable transaction fees. Litecoin mining uses the SCRYPT protocol, so there’s no need for ASIC mining. The crypto is also rated as one of the top 10 cryptos in the world.

What is the most profitable coin to mine?

Some crypto coins will spike in price, and maybe for a day, or a week, they are the most profitable coin to mine and DUMP. However, on average, day over day month over month and year over year Ethereum has been absolutely the BEST coin to mine, and it has been the most profitable coin to mine.

What is the best way to start mining?

Get the right Bitcoin mining hardware (for mining Bitcoin only ASIC miners will do). Get the best software that matches your needs. Decide whether you’re joining a pool or going solo. Start mining!

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What is the best coin to mine with a CPU?

You can mine monero, bitencoin, aeon and all other cryptolight and cryptonight coins. Cryptolight is more better for cpu mining. One of best coin to mine using cpu is AEON it is a cryptolight coin. Use minergate to mine these coins it is easy to use gui miner, use this link: https://minergate.com/a/a7b9f24e…