Which cryptocurrencies are not suitable for CPU mining?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! There are several cryptocurrencies that are not suitable for CPU mining. One example is Bitcoin (BTC), which is now predominantly mined using specialized hardware called ASICs. Other cryptocurrencies like Ethereum (ETH) have also transitioned to ASIC mining, making CPU mining less profitable. Additionally, cryptocurrencies like Monero (XMR) have implemented algorithms that are specifically designed to resist ASIC mining, making CPU mining more difficult. So, if you're looking to mine cryptocurrencies, it's important to research and choose ones that are still CPU-friendly.
  584292
• Dec 26, 2021 · 3 years ago
  Well, CPU mining used to be a popular method for mining cryptocurrencies in the early days. However, as the mining industry evolved, more efficient mining methods such as GPU mining and ASIC mining emerged. These methods provide much higher hash rates and are more cost-effective compared to CPU mining. As a result, many cryptocurrencies have shifted away from CPU mining and now require specialized hardware to mine effectively. So, if you're planning to mine cryptocurrencies, it's important to consider the mining method that suits the specific cryptocurrency you're interested in.
  585195
• Dec 26, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, CPU mining is not recommended for most cryptocurrencies due to its low efficiency and profitability. The majority of cryptocurrencies have transitioned to GPU mining or ASIC mining, which offer higher hash rates and better returns on investment. However, there are still some cryptocurrencies that can be mined using CPUs, such as Monero (XMR) and Electroneum (ETN). These cryptocurrencies have designed their mining algorithms to be resistant to ASIC mining, making CPU mining a viable option. So, if you're interested in CPU mining, it's worth exploring these CPU-friendly cryptocurrencies.
  647162