Should be mining is for large devices?

[Andrew12 0]

I am trying mining but my computer doesn'r support me that much. Do you prefer upgrading it?.

[Kiddo 36]

Mining is less and less profitable nowdays, is very hard to find a profitable coin to mine because the price of all alts is very low. Further more many projects are switching to POS mining because is more environmental friendly and easier to mine like Ethereum for instance.

[Mike Wazowski 129]

2 hours ago, Andrew12 said:

I am trying mining but my computer doesn'r support me that much. Do you prefer upgrading it?.

It depends a lot on what you want to mine.

If you want to mine Bitcoin or Litecoin, you'll need ASIC. SHA256 ASIC for Bitcoin and Scrypt ASIC for Litecoin.

For Ethereum you'll need GPU.

For Monero you'll need a new enough CPU or GPU.

And above all you need dirt cheap electricity. Because without that you'll mine on a loss (cheaper to buy).

If you have some info about the price of electricity you pay and your CPU / GPU (including some 10 minutes of test-mining a couple of algorithms) you can to websites like whattomine and can see what algorithm / coin you could mine and with what profit.

[Lubruselu 2803]

Yes, you really must have a large device to start mining bitcoin or any other cryptocurrency cause large CPU power it will collect more blockchain blocks and you'll earn a lot.