Your coin is using Binance Smart Chain. I don’t understand why buy equipment that will mine a coin that uses blockchain on a POS algorithm? Mining must be available on all devices, otherwise it is more like staking or scam.
Hey there.
There is no precise and/or legal definition of what ''mining'' actually means. Even worse for the term ''crypto mining''. Or is it?
Its just some software linked to a piece of hardware.
You dont have to travel too far.... If you go to the industry that does for example the mining of gold, or any other minerals, this has abosolutely nothing to do with the term of mining crypto.
My point is...
Bitcoin Mining and Ethereum mining for example, they not only are different algos, even the coins are also very different from each other. One is limited to 21mio and the other one seems to have no limit at all. Whats the point of mining a crypto that has no ''limit''?
I think it can be a miner that does something like POS ''mining''. = LOW CONSUMPTION
On the other hand, doesnt it seem to be a total waste of electricity to mine bitcoin? dont care about the value of bitcoin and the hype related to it.
Because in the end it depends on what the ''manipulated'' market gives you for that coin you have just mined.