Can I use my own web hosting dedicated server to mine bitcoins?

Bitcoin Questions and AnswersCategory: QuestionsCan I use my own web hosting dedicated server to mine bitcoins?

Christos Kostopoulos asked 2 years ago

Last updated on January 16th, 2018 at 09:37 am

Hi, I am web developer and currently I have my own dedicated server (Ιntel® Core™ i7-6700 SSD HT (32GBRAM), CentOS 64bit). I use the server above for my day-to-day business and for having my clients’s webpages there.
I am new to bitcoin and i was wondering if i could use it’s surplus CPU power to mine  bitcoins. Is this possible? Is it making any sense financially?

2 Answers
Ofir Beigel answered 2 years ago

Hey Christos how are you?
Mining with a CPU will not produce any Bitcoins as the machine just doesn’t have enough power. Today you can only mine with ASIC mining rigs (ASIC stands for Application Specific Integrated Circuit). If you want an in depth explanation here’s a good post about it.
Good luck!

Christos Kostopoulos answered 2 years ago

Thanks :)

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