So, now that you know a bit more about Monero and how it differs from Bitcoin, it’s time to find answer your next question - what is Monero mining? What is Monero Mining?Īt the time of writing, there is a total of 15,829,795XMR in circulation. This has made Monero a good option for beginners and other people who don’t want to invest lots of money to start mining. Instead, Monero mining can be carried out using your computer’s CPU/ GPU. An ASIC can cost anywhere between $600 to $1000, which has made Bitcoin mining unattractive for anyone except professionals.įortunately, Monero mining doesn’t require you to purchase an ASIC. Monero Mining Does Not Require an ASICĪn ASIC ( Application Specific Integrated Circuit) is a special type of hardware used for Bitcoin mining. What is the safest Bitcoin wallet? Read this guide find the safest Bitcoin wallet to protect your funds.
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