So you’ve heard of Bitcoin — the most popular cryptocurrency, and you’re ready to get your hands on some digital wealth. You can buy and trade for bitcoins, or you can «mine» for them. Mining for bitcoins is actually the process of verifying other bitcoin transactions, which users are rewarded for. This is the central mechanic behind the bitcoin economy, and mining is used to keep transactions secure and reliable.
Now many folks wish they were around back in the early days of Bitcoin when it was possible to mine thousands of coins on your crappy old home computer. Today it is impossible to mine Bitcoin on a normal computer, no matter how good it is. Today you need an ASIC – a machine specially designed and built just for mining Bitcoin. And it is REALLY costly! Even after forking out thousands of dollars on one of those, it is notoriously difficult to even break even. Without one it is pointless even trying on your own.
So the fast answer is — NO, it’s not possible to mine Bitcoin on your home PC.
But that doesn’t mean that you can’t get involved with cryptocurrency mining using your home computer. It is still possible, and always will be, simply because it is something that people want.
The idea of a network’s users maintaining the network themselves and being rewarded for it is the ultimate ideal of decentralized finance which is represented by different cryptocurrencies. There is also another way, which isn’t quite mining in its original sense, that you can let your contribute towards running a cryptocurrency network and get financially rewarded, which we will briefly explain in this article.
There are three ways to mine cryptocoins – CPU mining, GPU mining, and ASIC mining.
CPU mining uses the regular processor which all computers have. GPU mining uses the graphical processing units of powerful gaming computers. ASICs, as already explained, are specialized machines built specifically for the task of mining bitcoins and are getting too expensive ($1,500-$5,000).
If you have a gaming computer or other reasonably high-end machine which comes with a GPU then you should definitely look into GPU mining as it will make you much more than other options. There are a wide range of different coins that are good for GPU mining, and the best one (most profitable one) will change over time.
So the proper answer to the article’s question is — YES, it is possible to generate cryptocoins with your normal home computer, but not by doing ‘mining’ in its original sense. It’s by doing cryptocurrency network support by sharing your computer’s processing power together with many other users to do those complex calculations to maintain the network.
Computta is designed to do just that! Register and download the Smart Miner Software to run on your computer and you will immediately see how much you can generate from it.