Assets, Ethereum

Can You Mine Ethereum With unMineable?

As Ethereum continues to grow in popularity, so does the question of whether or not you can mine Ethereum with an unmineable coin. The short answer is yes, you can.

However, whether or not it is worth it is another question entirely.

To understand why you can mine Ethereum with an unmineable coin, we first need to understand a bit about how Ethereum mining works. Ethereum miners are rewarded with ETH for verifying and committing transactions to the Ethereum blockchain. In order to do this, they need to solve complex mathematical problems called hashes.

The difficulty of these hashes is constantly changing, in order to ensure that the average time to find a solution remains around 10 minutes. This means that as more miners join the network and the hashrate increases, the difficulty will increase as well.

So, how does this relate to unmineable coins? Well, as it turns out, some unmineable coins actually have a higher hashrate than Ethereum itself! This means that if you were to point your mining rig at an unmineable coin, you would actually have a better chance of finding solutions and being rewarded than you would with Ethereum. Of course, this also means that the payouts would be less, as there are fewer ETH being mined in total.

So, is it worth it to mine Ethereum with an unmineable coin? That depends on a few factors. If you have a very powerful mining rig and cheap electricity, then it might be worth it for you.

However, for most people, it probably isn’t worth the effort. You’d be better off just buying ETH directly!.

Previous ArticleNext Article