Close Menu
Soup.io
  • Home
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Facebook X (Twitter) Instagram
  • Contact Us
  • Write For Us
  • Guest Post
  • About Us
  • Terms of Service
  • Privacy Policy
Facebook X (Twitter) Instagram
Soup.io
Subscribe
  • Home
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Soup.io
Soup.io > News > Technology > Ways to Mine Cryptocurrency
Technology

Ways to Mine Cryptocurrency

Cristina MaciasBy Cristina MaciasMarch 27, 2021Updated:March 27, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ways to Mine Cryptocurrency
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency can be obtained through the process called mining. Currently, there are 4 ways to mine- via the cloud, CPU, GPU or ASIC.

What is Cryptocurrency Mining?

Crypto mining is the digital form of traditional mining, only this time it’s collecting cryptocurrency instead of rocks or minerals.

Instead of a tool or machine, a computer or similar hardware is used to mine cryptocurrency. The PC will carry out ‘Proof of Work’ tasks, which give you a small amount of crypto every time you complete them.

Different Methods of Mining

Cloud Mining

Cloud mining is a fancy word for ‘renting’ a capable mining machine from a company and using it to harvest cryptocurrency.

It’s a popular token mining method since there’s very minimal investment, and you’d only have to pay a certain fee per month. You won’t have to buy the hardware and can get right to collecting tokens as soon as possible. What’s more, you won’t have to learn the process or install apps to get to the mining site.

ASIC Mining

An Application Specific Integrated Circuit, or otherwise known as ASIC is a unique device that’s specifically made to do one thing. In this case, its sole function is to mine cryptocurrency.

Because they’re concentrated forms of hardware and good at what they do, they can pull more cryptocurrency than regular, all-around hardware. Unfortunately, too many of these will give ASIC miners the edge and a collapse of the cryptocurrency economy.

GPU Mining

GPU machines are perhaps the most popular forms of mining machines. Cloud mining companies use them, and they’re recommended hardware for just about every cryptocurrency you want to mine.

GPU, or a graphic card in a computer is cheap and efficient, and works very well in terms of hash speed. Anyone can purchase a mid- to high-end GPU for their desktop computer and get started accumulating a respectable amount of cryptocurrency.

CPU Mining

CPU mining relies on the good old central processing unit, or the computer’s processor to mine tokens. It’s the most affordable of them all- just about every computer will have a CPU which you can use to mine tokens but it’s not that efficient.

CPU mining is the slowest among the methods of crypto mining. However, it’s the most accessible, which is an attractive prospect to those who are new to Bitcoin and crypto mining.

How to Profit From Cryptocurrency

Mining is just one of the ways you can harvest cryptocurrency. With enough tokens you can sell them in a crypto exchange platform for real money.

Investing in cryptocurrency is also possible. Exchange real money for a cryptocurrency, wait for the value to rise then sell it for a profit. The Libra Profit System can guide you on when to buy and sell so you can enjoy a passive income. Go URL or download the app and you’ll be well on your way to financial freedom.

It’s a cycle of buying or mining crypto tokens and selling them to the highest bidder. All you need is a machine and dedication to do it.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTips for First-Timers in Buying Cryptocurrency
Next Article How & Where to Buy Cryptocurrencies
Cristina Macias
Cristina Macias

Cristina Macias is a 25-year-old writer who enjoys reading, writing, Rubix cube, and listening to the radio. She is inspiring and smart, but can also be a bit lazy.

Related Posts

Turbocharged Diesel Gains: The Case for Smarter Tuning

July 18, 2025

How to Create Realistic 3D Automotive Models for Racing Games

July 18, 2025

Luma AI Ray2: Innovations at Dream Lab LA

July 18, 2025

Subscribe to Updates

Get the latest creative news from Soup.io

Latest Posts
Turbocharged Diesel Gains: The Case for Smarter Tuning
July 18, 2025
How to Create Realistic 3D Automotive Models for Racing Games
July 18, 2025
Zac Barnett Explains NAV Financing: How Private Equity Funds Leverage Portfolio Assets for Liquidity
July 18, 2025
Amoeba Music Store Locations: Experience the Revival
July 18, 2025
Luma AI Ray2: Innovations at Dream Lab LA
July 18, 2025
Designing a Pool for Large Families and Gatherings
July 18, 2025
Bad Moms Christmas Blu Ray: Must-Have Disc Sales
July 18, 2025
Avoiding RFEs in EB2-NIW Applications: Pro Tips for Building a Strong Case
July 18, 2025
Why Choosing the Right Stainless Deck Drain Is Critical for Outdoor Longevity
July 17, 2025
Sharing Sports Memories: How Social Mini-Blogs Are Keeping Fan Culture Alive
July 17, 2025
Tombstone Movie Blu Ray: Ultimate 4K Viewing Experience
July 17, 2025
The Role of EdTech Tools in Shaping the Future of Education – From Teachers to Learners
July 17, 2025
Follow Us
Follow Us
Soup.io © 2025
  • Contact Us
  • Write For Us
  • Guest Post
  • About Us
  • Terms of Service
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.