Doubt it. The cost of running the pc will outweigh the rewards. There's however a few you could mine and hold that may increase in value.
Yes, I've thought so. But still, it may be fun to mine some of these coins and store them in a paper wallet for future use. Maybe someday, when the price of the coin increases I would've earned a decent profit.
ya to actually make some profit off CPU mining is hard nowadays :/
-you will have to do the maths. figure out power draw of processor and calculate 100% usage +/-10% over 30 days costs. figure out what your break even point is 1st
-you will have to prob rely on mentioned above hold for price rise, or some other form of smart LONG TERM use to get profits from CPU mining.
I remember when i started mining a while ago i used to mine BCN with minergate then trade it at Eobot for S5 (now S9) GHS. A LONG and tedious process that broke even over 6 months but ended up with hashpower i could use atleast ;p
-Luck. Maybe solo mine some coins, tho again, you will have to upfront the power costs to take the risks :/
good luck!
Thanks for the tip. While CPU mining is not that efficient, GPU is, but I'm looking more into CPU coins, as it the most accessible and common way to mine cryptocurrencies. I've tried mining several CPU coins but I've ended up wasting more power than profiting at all. Still, I'm going to try this on a college PC, as I've got nothing to lose by mining cryptocurrencies there.
It's not profitable for multiple reasons. There are not a lot of coins that are cpu-only mined. For ones that are, your CPU needs to be A LOT efficient but problem with that is that efficient CPUs are not a lot powerful (if we exclude new Itel skylake with great TDP, but cost makes them unprofitable). Even if you find CPU like that price on exchange will just kill your profit so I would avoid CPU-only mining in general at this point.
Thanks for the advice mate. I will take that into consideration. In the meantime, I will stick to mine Coin Magi, as it is one of my favorite cryptocurrencies to mine due to its unique algorithm, which prevents mining centralization. Most of all it is a hybrid coin, so I could earn more with the coins I mine by holding and staking them into my wallet.