Many people want to try mining cryptocurrencies but unfortunately the initial set up is way to hard for many coins as we need to procure ASIC's and GPU's which are costly.
So Instead of buying those we can mine with CPU also.The coins which we are going to mine are GPU and ASIC resistant
Today i am going to list 2 coins that are still profitable to mine with cpu provided you have a low electricity price.
- Monero
Monero has been around from 2014 and it uses cryptonight algorithm for POW which can only be mined through CPU.The price of Monero has exploded recently making it profitable to mine.The setup is easy as you can create a web wallet and directly run the miner.
miner:
https://github.com/xmrig/xmrig
pool:
2.Aeon
Aeon is a fork of monero and uses cryptonight-lite with 1 MB scratchpad ,it can easily run on mobiles also.Aeon's price also exploded in the last few months coming from .25$ to 4$.The initial set up is complicated as you need to create your own wallet by downloading Aeon as there is no web wallet availalble for it.The instructions can be found on the github page.You can use the same miner as monero here with an additional argument indicating to use cryptonight-lite.
miner:
https://github.com/xmrig/xmrig
pools:
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Thanks for the advice.
simplewallet executable file.It creates a wallet and gives you a seed and address for your wallet.The seed can be used to recover the wallet.Once you have some balance in your wallet run the daemon which is aeond executable and then open the wallet and enter refresh command .
After refreshing you can see your balance which you can send to your exchange wallet like bittrex to trade with .Hi @doodlebear, Regarding trading of aeon there are many exchanges that support aeon the major one being https://bittrex.com Once you download aeon from https://github.com/aeonix/aeon/releases/tag/v0.9.14.0 and compile aeon you should run the
Well there's a bounty for developing a web wallet.Let's see how it goes