Join 75,784 users and earn money for participation

How to MINE Cardano (ADA)

9 31 boost
Avatar for Keyboardwarrior
Written by   5
1 month ago

Yes, you can actually mine Proof of Stake coins. But it requires you to pass through some loop holes.

I just recently discovered the most convenient way to mine Proof of Stake coins like Cardano: UnMineable

As the name implies, the site allows you to mine coins that are normally not possible to mine. This is done by setting up your miner to mine on ehash, kawpow or any other available algorithm and get paid directly in your chosen non-minable cryptocurrency.

Right now you're probably thinking that this doesnt make any sense as you might as well mine the most profitable coin and swap it to whatever you what to swap it to instead. That is indeed possible, but in my case the most profitable thing to mine for my set up would be ethereum, and with the current astronomical gas fees its simply not possible to cash out early without paying your mining profits in gas fees. Add on top of that the swap fees you would have to pay from ETH and I would be left with almost nothing. Even beyond that, many exchanges dont allow you to swap or transfer small amounts of crypto.

Indeed the people behind Unmineable are taking a cut of the profits at the top, but if you use the referal link posted you will recieve a discount on their fees. And after mining now for a few days I can attest to the fact that they pay the correct amount and the transparency seems to be just as good as from other mining pools.

Below you can see all of the available coins to mine at the time being:

And yes, some of you might notice that the list even includes some PoW coins. So you could theoretically mine on the ethereum algorithm but get paid in Ravencoin and similar. 

All in all, I can recommend this site since it allows you to try out weird new coins you would never have throught of getting otherwise, or simply just mine your favourite Proof of Stake coin.

Happy mining everybody!

unMineable

7
$ 0.04
$ 0.02 from @beastion
$ 0.01 from @nomadghada
$ 0.01 from @RazorFist
Avatar for Keyboardwarrior
Written by   5
1 month ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Problem with mining is you don't get a good enough hash rate on regular home equipment now a days.

$ 0.00
1 month ago

Agreed, the difficulty increasing and the card manufacturers deciding to put that awful LHR-restrictions on new cards is making things difficult. We will find a way soon enough I hope!

$ 0.01
1 month ago

Yes, but even with asic miner you don't get much. Unless you are running a big farm.

$ 0.00
1 month ago

Lets hold on until the bear market and we can stack up on cheap GPU's or even ASICs!

$ 0.00
1 month ago

Nice, I am more into stacking but it is important for more people to step up mining to insure decentralization

$ 0.00
1 month ago

Yeah, I think staking might be a more viable way forward, but have just dipped my toes into it so far.

$ 0.00
1 month ago

That's good, more nodes the better

$ 0.00
1 month ago

Interesting content! I would need to calculate if the alternative cost is worth it though.

$ 0.00
1 month ago

Thanks! From what I gather the alternative costs are worth it, but that depends on your setup. I dont have many cards so high gas fees can be quite devastating to me unless I want to wait half a year to "cash out".

$ 0.00
1 month ago