When cryptocurrencies were first created, and for several years after their creation, it was very easy to mine them. In fact, it was possible to mine them and to make a profit with PCs and graphics processing units, or GPUs. A decent computer in 2010 would be capable of mining a number of Bitcoins on its own. However, that is not the case today. Those who are thinking that they could simply put together a relatively cheap GPU mining rig and start mining Bitcoin are going to be sorely disappointed with the realities.
Mining Bitcoin With a GPU Mining Rig Is Obsolete
The old style mining rigs that utilize a GPU for mining are simply not going to cut it today. This is true even if you were to have the best GPUs that money can buy. They simply do not have the power that the ASIC offerings have, and that makes ASIC machines the only really way that you can mine for Bitcoin today. The other options are just too slow, and you could run the machine for years and still not turn a profit.
The days of mining Bitcoin with your home computer are over. However, that does not mean that you do not have any options available to you, as you will see below.
What Coins Could You Still Mine With a GPU?
It is important to keep in mind that Bitcoin is certainly not the only cryptocurrency out there, even though it might be the one that is best known. You can find plenty of altcoins, which simply means alternate coins, which is going to allow you to mine with your GPU.
Bytecoin is one option that you could mine through a GPU, as it is ASIC resistant. Some of the other coin choices that you might want to consider include Monero, Electroneum, Zencash, and Ethereum, which has proven to be quite popular. Of course, these are just some of the coins that you can consider and that are ASIC resistant. There are others out there that you might want to consider, as well.
Is It Profitable?
Even though you can mine these altcoins using a GPU, it is important to remember that this method is not going to make you a lot of money. Most of the time, people are only going to see a few cents a day, or perhaps a bit more with some coins. Even though it is not a great choice for making a lot of money, what it will do is to help you become more acquainted with the overall process of mining for cryptocurrency. You can use it to test it out and see whether you like it before you choose an ASIC machine for Bitcoin.
Regardless of how you choose to mine cryptocurrency, you always want to make sure that you do your research first and you have the best equipment for the job.