- One online article says:
- While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC. In this guide, we’ll take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment.
For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt.
Scrypt tends to be the more memory intensive of the two – however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with
Is this true? How much can I make with a pc assuming electricity is free?
Thank you or your help. I am a complete newbie and trying to make sense of all this. Very important to me as I am handicapped and looking for a way to make income without wasting time.Thank you.
Hey Tony, you can still mine altcoins (any coin other than Bitcoin) with your PC but you will probably need a graphics card (GPU) for this task. The site What To Mine can show you the different coins you can mine and their profitability. However you need to take into account that some coins are just junk and won’t be worth the time you spent on mining them.
No one can really tell for sure which coins will be worth anything in the future – it’s something you’ll need to experience and decide for yourself. A good starting point would be to read a bit about Bitcoin mining an a reference.