#HOW TO START MINING LITECOIN ON LAPTOP HOW TO#

Much wow!, you think, as you rub your greedy little paws together and switch on your mining machine.ДЄfter all, now that you know the future price with 100% certainty, you know mining will net you X amount of profit every month not just in todayвЂ™s value, but in dogeвЂ™s real value in 2024. 'It's a sure thing,' he says before he hangs up and walks away, disappearing into the crowd. And one day, he calls you from an airport phone booth to tell you that doge is going to be worth $2 in 2024. You've got an insider, a Mister Doge X, who keeps feeding you prices from the future. LetвЂ™s say you're sitting at your desk when you receive a phone call. To be doubly-sure, calculate your mining profitability using the dogecoin mining calculator.Д«ut let's say your info isn't limited to the present. Which means: Keep an eye on your energy consumption, because your electricity bill will make you very sad otherwise.Д«ut as long as you're profit-positive, you're fine. Profitability = The potential future value of doge (based on your research) - electricity costs for dogecoin mining After all, doge isn't the only coin based on proof-of-work.ДЄnd in mining any coin, it all comes down to this: Profitability. (The latter recently joined the Dogecoin Foundation.)Д«ut when it comes to cryptocurrency mining, doge is like any other mineable coin out there. Today, it's a popular and polarizing cryptocurrency, getting frequent mentions from the likes of the self-proclaimed 'Dogefather' and Tesla CEO Elon Musk to Ethereum founder Vitalik Buterin. It did get a lot of press at the time though. As the first meme coin, few people took it seriously.

The actual dog on the coin is a shiba inu. What is dogecoin, and why mine it?Дogecoin is a meme coin that was released roughly 8 years ago as a joke.

#HOW TO START MINING LITECOIN ON LAPTOP HOW TO#

What you're wondering is whether this coin is worth mining, and how to get it done. I'll assume you already know what mining is, or you have some general idea. He can't bear to part with his precious pennies, but he's happy to invest his already-owned resources if he can mine some coin. Jimmy didn't have much growing up, so he's quite risk averse when it comes to his finances. 'And you can use my current setup to get it?' He asks, pulling up his chair to the table. Would you believe me if I told you I've been trying to convince ole' Jimbo to invest for over a year? He didn't budge. See, Jimmy doesn't have a penny in savings. Problem is, instead of celebrating, he's paying me back.

We also take home roughly the same amount every month. The shop is dead, as is the city, but that doesn't concern us.Д«oth Jimmy and I run our own copywriting business. Jimmy's just turned 43, so we're having coffee at my favorite spot downtown. What you need to get started with dogecoin mining.

How to start mining litecoin on laptop