Bitcoin is the most prevalent cryptocurrency in the crypto space. With over 51% share in the market, everyone wants to mine a Bitcoin block, no matter the cost. Since its launch, Bitcoin has only grown exponentially and given investors the chance to explore the crypto market. Most individuals find Bitcoin almost synonymous with the crypto space, granted the media attention it has been getting over the years.
However, mining Bitcoin doesn’t happen with a click of a button. You require appropriate software and equipment to build a mining rig that can efficiently extract Bitcoin from the blockchain. Since cryptocurrency has created a rave worldwide, everyone wants to make a little cash with the industry and try their luck. From Bitcoin millionaires to drug lords, we have seen influential people losing their fortunes over the years.
However, the only thing that guarantees no loss is mining this bad boy. With mining, the only resources you are putting in jeopardy are your laptop and electricity to run the device. Therefore, the only thing you stand to lose is your system, a fair risk trade considering you are mining the world’s most profitable cryptocurrency.
If you want to mine Bitcoin on a Mac, stop your train of thought right there and consider investing in a PC or a gaming laptop with a solid Graphics Processor Unit (GPU). Mac entails excellent software and features that might prompt you to buy it right away. And reasonably so, it is worth the investment if you’re going to design or code. However, it is not compatible enough to execute Bitcoin mining.
Nonetheless, you can mine altcoins on your MacBook, which do not require as much power as mining Bitcoin due to its competitive market. If you still wish to understand the difference between Mac and PC for Bitcoin mining, read the article further to enlighten yourself with the various concepts that go into the mining process. You can visit this site for more information about cryptocurrency and the related updates from the industry.
Difference Between Mac And PC Mining
Even if you were to create a mining rig on a standard MacBook pro 24*7 and mine the currency relentlessly for a whole week, you would only make Bitcoin worth pennies that are frankly not enough to pay for the electricity bill you would incur charging the laptop. We don’t think even a century would be enough to make a single Bitcoin on your MacBook. In addition, the machine depreciation you would incur to mine ten-thousandth of a BTC and damage to your precious laptop’s Graphics card is not worth the effort. There could be mining softwares that you can find on the internet for your Mac. However, they are not as efficient enough.
Nonetheless, on the PC, the whole scenario is different. If you have a valid GPU unit, you can successfully create a mining rig on your PC and continue to make profits. A GPU unit will mine a Bitcoin block more effectively than a CPU unit. It is because GPUs are faster for the kind of repetitive math that is involved in mining. As a result, your GPU can solve more blocks than the CPU unit roughly in the same amount of time. Consider your GPU unit as the kid who was the valedictorian in your class and also a math wizard.
The time he would take to solve questions would be way less than you could ever do in your lifetime. And that makes you the CPU unit that entails a more extensive instruction set but with a few cores. Your GPU is the valedictorian who indulges in a thousand extra-curricular activities only to make its core stronger for mining coins. As a result, if you have a PC with a strong GPU unit, mine away Bitcoin because it is your chance. However, if it is a PC that only contains a CPU unit, mining activity can become challenging or even impossible.
What can you mine on Mac?
You can mine almost any altcoin on your Mac but Bitcoin. Since the popularity of cryptocurrency is soaring to new heights every day, the market for Bitcoin mining is becoming increasingly competitive. However, there are lesser popular altcoins that you can mine on your Mac that are much less competitive, expensive, and pose a great lot of value. There are also altcoins dedicated to CPUs. It implies that you can mine them if you have a CPU unit. As a result, mining altcoins is the most reasonable bet if you want to scrap some extra bucks during a month doing nothing.
Currently, 1,854 altcoins are operating in the crypto space. You can research and pick any one of the altcoins that are easy to mine. The crypto market might have begun with Bitcoin, but it certainly does not end with it. There is the next big thing awaiting its boost in the crypto space, and it could be the altcoin you placed your bets upon.
You can also consider spending your money on buying a PC with a robust GPU unit to mine Bitcoin more efficiently or simply invest in the crypto market by signing up for a wallet with an exchange platform.
If you are looking for ways to make easy money without having to break a sweat, mining can be your go-to option. However, you may not be able to mine efficiently with a mid-tier MacBook. Although the software of your laptop may be impeccable, it is not compatible with mining Bitcoin on a blockchain. Hate to break this to you, but mining Bitcoin on your MacBook is not worth the effort. However, if you have not purchased a MacBook and plan to get a new system, buy a laptop or build a PC with a seamless GPU unit. That way, you can cover the cost of the PC in a year and even make more cash on the side to purchase new items.