Mining On Old Laptop

[Berniece Domnick]

CudoMiner is a crypto mining platform that allows automated mining, reducing manual configuration and intervention by up to 95% without losing profitability. The solution includes a desktop application and a dedicated Web Console for monitoring and remote management. Cudo Miner is fully automated and optimised for both profit and highest performance on Windows, Linux or CudoOS. Cudo Miner is suitable for miners with all levels of experience.

Automatic algorithm switching ensures you always mine the most profitable coin. Cudo Miner continuously scans the coin value and difficulty, automatically switching your mining efforts to provide the highest profitability at any given time.

The performance for each configuration is displayed, so you can see the best performance for your hardware at a glance with a full log of historical settings saved, allowing you to return to a previous version at the click of a button.

Manage and monitor your devices performance, health, power and run-status at your desk or on the move from your dedicated Cudo Web Console. Build custom templates, track commissions and make withdrawals into your own cryptocurrency wallet directly from the console. Peace of mind that you are always in control of your environment.

The latest update now allows full remote management of all your mining devices, including overclocking settings, as well as a complete template system to configure the settings associated with your Cudo Miner organisation. This means that all mining settings for your devices can now be accessed remotely, using your smartphone or laptop for instance, through the Cudo web console.

My understanding, from a relatively old source, that it used to be that hobbyists would get bitcoins from mining on their private computers, but that more recently there was a heavy shift to e.g. Iceland where geothermal electricity is cheaper.

What is the expected value of mining bitcoin with spare computrons from laptop including an NVidia Geforce GTX, in the USA near Chicago as far as utilities go? If the expected value is (say) 105% of electricity burning up, what are the chances of breaking even? Does it have (say) a 10% chance of doubling an investment, or are we talking a financial lottery ticket where one minute's mining could theoretically return thousands of dollars worth of BTC, but the expected amount of crunching to get the winning lottery ticket is impractically long?

I've seen some discussion suggesting that Bitcoin is even more volatile than traditional currency, and I'd be a bit surprised at being told, "It's entirely worth it; go ahead." However, I wanted to ask, and confirm my expected answer about whether mining bitcoin is profitable in a reasonable amount of time.

The cost of electricity will far exceed the value of the bitcoin you generate. People who are using specialised ASICs in regions with low electricity cost barely break even. Your laptop wil do far, far worse than that.

BrtH's answer is 100% correct, but does assume you don't need the waste heat. If you're already using electric heat (not heat pump, actual dumping of electricity through resistors) or gas heating at comparable prices to heat your dwelling space (perhaps because the ambient temperature outside is so low that heat pump can't operate; if it can work you'd be better off saving up to buy one), then you break even on electricity for free, and only have to consider "wear" and whether you'll make any appreciable mining output at all. In this case there's a small chance it might make sense, but probably as some other proof-of-work coin you can exchange rather than as bitcoin itself.

This site lists the hashing rate for a GTX 1050 for various algorithms. It doesn't list a hashrate for mining bitcoin, though (our first hint). But even taking the highest hash rate in the table (12.45MH/s) and entering it in the above calculator shows you could expect to mine 3E-9 bitcoins* per month, effectively nothing (and worth nothing).

For an example, I used the calculator to see how much Bitcoin could be generated by an NVIDIA GTX 1050. It said that that particular graphics has an expected earning 0.00096969 BTC in one month*. At current prices, this is worth $11.10 (all figures in USD)

*Note that revenue is based on actually mining a bitcoin. If you mine by yourself you gain either nothing or an entire Bitcoin (and the vast majority of the time you'll get nothing). If you join a large enough pool, the pool has a higher chance of getting the bitcoin than you do on your own and you will be rewarded proportionally to what you contributed to the pool, meaning your earnings will get closer to the expected value stated above. Most miners join pools to have a more stable income, but be aware that pools take a fee in the form of a percentage of your payout.

**This is for the graphics card alone. Your entire computer will be using more. If you have a power meter it might be worth measuring how much power your particular computer consumes when mining bitcoin.

You need a minimum of 2GB VRAM to mine ether. Since the laptop you mention has only 1GB of VRAM in the Radeon, then no, you cannot mine ether. As for other cryptocurrencies, you will get abysmal hash rates (speed at which you mine) so it won't be worth it.

You can also get a feel for what winning would look like by mining on testnet where it's less competitive. In my experience, I've always been able to pick up a few testnet coins by using just Geth or Mist and letting a laptop CPU mine overnight.

You can mine very effectively on testnet using the Ethereum Wallet. Very few people use testnet and you can use an ordinary machine to mine thousands of ether. These have no monetary value, but you can use the to write and test code.

Many newcomers to cryptocurrencies want to try crypto mining on PC but are unsure if this method of earning is really suitable for them. Since they only want to try mining and are hesitant to invest in mining equipment, they are faced with the question, "Can I mine crypto on my laptop?" In this article, we'll cover how to mine cryptocurrency on a laptop, which crypto is best to mine using a laptop, as well as how to mine crypto for free.

So, can you mine cryptocurrency on a laptop? Yes, you can, but you have to keep a couple of things in mind. Firstly,mining on an old PC or laptop won't bring any noticeable income. Secondly, laptops, by design, are not suitable for crypto mining, and prolonged mining will cause damage to the device. Therefore, mining on a laptop can serve as an introduction, but you will not be able to do full-fledged mining.

As of October 2023, GPU mining is experiencing hard times. The Ethereum merge has resulted in the most popular cryptocurrency among GPU miners becoming unavailable for mining. This, in turn, has led to a mass exodus of GPU miners to other cryptocurrencies, the mining difficulty of which has increased dramatically as a result. The profitability of mining, already very low due to the ongoing crypto winter, has fallen even further.

Of course, this will cause many GPU miners to go out of business, but the mining difficulty will eventually decrease, and the situation in the mining industry will come back into balance. But at the moment, in order to make even a minuscule profit from GPU mining, you need to have an efficient GPU and access to cheap electricity.

For this reason, we will pay particular attention to coins that can be effectively mined on CPUs. In any case, the mining profitability directly depends not only on the mining difficulty but also on the price of cryptocurrencies, which can change quickly and dramatically. So before you start mining, check the profitability with one of the online mining calculators.

Monero is one of the easiest cryptos to mine on a laptop. It's also one of the most popular cryptocurrencies with anonymous transactions. Monero uses the RandomX algorithm optimised for CPU mining. At the moment, of the cryptocurrencies that can be efficiently mined on CPUs, Monero is not only the most profitable but also the most liquid.

If you're wondering, "What is the easiest crypto to mine on a laptop?", consider trying VerusCoin. Verus is a little-known but ambitious project that positions itself as "an entire ecosystem of interconnected blockchains that all operate decentralised and at the protocol level". VerusCoin, like Monero, is optimised for mining with CPU. It's not traded on any of the major cryptocurrency exchanges, and its mining is currently noticeably less profitable than Monero's. However, if the crypto market changes, it could become a viable alternative to Monero mining.

GRIN is an anonymous cryptocurrency based on the MimbleWimble protocol. Its main stated purpose is to provide maximum user privacy. An interesting distinguishing feature of the cryptocurrency is the reduction of its blockchain size by removing old transaction data without compromising the security of the network. Even though the market cap is small, the coin is traded on major crypto exchanges such as Gate.io and KuCoin.

The coin mining algorithm is ASIC-resistant, so it's most profitable to mine it on a GPU. At the moment, it's one of the few coins whose mining on the GPU is able to make a profit, albeit a minimal one. There is a chance that after the situation in the GPU mining industry settles down, GRIN could remain one of the most profitable coins for mining with GPUs.

Litecoin, known as one of the oldest cryptocurrencies, has earned its reputation as a viable alternative to Bitcoin. This decentralised digital currency operates on an open-source, peer-to-peer network. As of the present moment, each miner is rewarded with 12.5 Litecoin for successfully completing a block. It's worth noting that the Litecoin block reward is subject to halving every four years, resulting in a reduction to 6.25 LTC in 2023.

Engaging in LTC mining proves to be a favourable choice due to its widespread acceptance and utilisation of the Scrypt protocol. Unlike other cryptocurrencies, LTC mining doesn't require an investment in ASIC chips, making it more accessible. It is highly recommended to mine LTC using a graphics processing unit (GPU) due to its memory-intensive nature. The primary reason behind LTC's popularity in mining lies in its relative stability compared to various alternative coins.

3a8082e126