So in short mining is nothing but the validation of a transaction. Everyone has an opportunity to help solve these problems and claim rewards. Mining is also used to release new currency into the Blockchain. If your computer manages to solve the problem, you get rewarded.
So where does all of this mining take place and where does the Cryptocurrencies like Bitcoin come from? Well, your computer is solving math problems to make sure no one makes transactions on the Blockchain network that aren’t true. Not to mention the wear and tear to your expensive machine and you’ll probably burn your Graphics card before you mine even 0.00001 BTC! Hell you probably wouldn’t mine a single bitcoin in this century!įirst of all, What in the world is Mining?
Cgminer for mac os sierra pro#
If you were to mine Bitcoin on a mid-tier MacBook Pro for 24 hours for an entire month you would only make less than micro-cents worth of bitcoins. And moreover GPU mining is not supported for most Macs with most mining softwares.
Without it, you can use a very fast graphic card, but unless you have free electricity, it won’t even repay itself. With Bitcoin mining difficulty increasing you need specialised hardware for mining(ASIC). Want to mine Bitcoins with a Mac and cash in that Satoshi? Forget about it. It’s dominance is over 51% of the market. Close this article and go buy yourself a mining rig /decent Gaming Laptop or buy crypto with your credit card.īitcoin(BTC) is the most dominant cryptocurrency. If you are looking to make a profit immediately by mining cryptocurrencies on the Mac, stop right here.
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