Cryptocurrency Q&A What is self-mining?

What is self-mining?

Caterina Caterina Wed Dec 11 2024 | 6 answers 1240
I've heard about this concept called self-mining but I'm not entirely sure what it means. Could someone explain to me what self-mining is all about? What is self-mining?

6 answers

Riccardo Riccardo Fri Dec 13 2024
Mining cryptocurrency on an individual basis is commonly referred to as solo mining.

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GalaxyWhisper GalaxyWhisper Fri Dec 13 2024
In solo mining, individuals utilize specialized hardware to engage in the process.

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SeoulSerenity SeoulSerenity Fri Dec 13 2024
One such hardware option is an application-specific integrated circuit (ASIC) miner.

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CryptoEnthusiast CryptoEnthusiast Fri Dec 13 2024
ASIC miners are designed specifically for mining cryptocurrency and offer high efficiency.

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DondaejiDelightfulCharmingSmileJoy DondaejiDelightfulCharmingSmileJoy Thu Dec 12 2024
Alternatively, individuals can use other devices capable of mining, such as powerful computers with dedicated graphics cards.

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