What are the advantages and disadvantages of CPU mining for digital currencies?

1 answers

• Boone HobackSep 25, 2020 · 5 years ago
  When it comes to CPU mining for digital currencies, there are advantages and disadvantages to consider. One advantage is that it allows individuals to mine using their personal computers, which can be more convenient and cost-effective compared to purchasing specialized mining hardware. Additionally, CPU mining can be a good option for supporting smaller networks or new cryptocurrencies that are not yet dominated by ASIC miners. However, CPU mining is generally less efficient and slower compared to GPU or ASIC mining. CPUs are not optimized for the complex calculations required for mining, so they may struggle to compete with more powerful hardware. In networks with high mining difficulty, CPU miners may find it difficult to earn significant rewards. Overall, CPU mining can be a suitable choice for certain situations, but it's important to consider the specific requirements and limitations of the digital currency being mined.
  939

  470