Cryptocurrency Q&A
Can I mine Solana in 2024?
Can I mine Solana in 2024?
DaeguDiva
Thu Dec 05 2024
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5 answers
712
I'm wondering if it's possible to mine Solana in the year 2024. I'm interested in understanding the feasibility and potential profitability of this activity.
5 answers
Lorenzo
Sat Dec 07 2024
The cryptocurrency employs a consensus mechanism that differs from Proof of Work (PoW).
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SolitudeNebula
Sat Dec 07 2024
Instead, Solana uses Proof of Stake (PoS) and Proof of History (PoH).
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CryptoMystic
Sat Dec 07 2024
These mechanisms do not require the computational power associated with mining.
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Sara
Sat Dec 07 2024
Staking Solana is a viable alternative to mining, offering competitive rewards.
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Bianca
Sat Dec 07 2024
Solana cannot be mined.
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