Mining cryptocurrencies without buying mining equipment

With increased competition, mining now requires specialized, powerful equipment, often costing thousands of dollars – but there are unique ways that users can make money from mining cryptocurrency without having to purchase mining equipment.

Mining cryptocurrencies with Norton 360

The mining of cryptocurrencies begins with the simple validation of transactions and the generation of new tokens in a proof-of-work (PoW) mechanism with low computing power. However, it gets significantly more expensive over time. However, amateur miners have come up with some new mining methods.

One of them is using Norton 360 Antivirus. The popular antivirus product released Norton Crypto, a feature that allows users to mine cryptocurrencies with their computers idle.

To connect to Norton Crypto, you must be in an English-speaking country, have a GPU (NVIDIA 1050 or higher) with at least 3GB of RAM, a Windows computer, and participate in the trial program. Completing the last step opens the “Profit through PC Downtime” option in the “My Norton” user interface. The entire process, including rebooting, takes about 10 minutes.

After mining starts, Norton cryptocurrency will use GPU to mine Ethereum. This is indicated by the sound of the fan, as the antivirus program uses 100% of the processing power of the graphics card.

In particular, this function is limited to devices that meet certain requirements, e.g. B. with at least 2 GB RAM and a 1 GHz processor.

“The fees for mining cryptocurrencies are currently 15% of the cryptocurrency allocated to miners,” explained Norton, adding that users will have to pay additional costs such as gas and swap fees.

Norton Crypto currently only supports mining Ethereum (ETH). The platform creates a digital Ethereum wallet for users, encrypts it and stores it in the cloud.

“We will be looking into the possibility of adding more currencies in the future,” said Norton.

Mining cryptocurrency with a Tesla electric car

Some Tesla owners are now using their electric cars to mine cryptocurrencies. As reported by CNBC, Chris Allesi, who was Wisconsin’s first electric car dealer and does all kinds of engineering with electric cars, started mining cryptocurrency with his Tesla in 2018.

“I like electricity. I like furniture, construction. You give me an electric motor, I’ll give you a finished product. “ Said Allesi, who tried Bitcoin (BTC) mining by plugging a mining rig directly into his car battery while using an inverter to regulate the voltage of his Tesla battery.

Siraj Raval is also another Tesla owner who is using his 2018 Tesla Model 3 for mining cryptocurrencies. Raval says that when crypto prices peaked in 2021, he was making $ 800 a month.

Whit Gibbs, CEO and founder of Compass, a bitcoin mining service provider, stated that using Tesla to mine cryptocurrency is entirely possible.

“The mechanisms are all there. You have a power source, you have space, you have additional cooling. The battery definitely has enough power to trigger and operate the ASIC, ”explains Gibbs.

However, as bitcoin difficulty – a measure of how difficult it is to mine a block of bitcoin – is rising to an all-time high, mining by Tesla may not be worth it.

“It will use its revenue from both transportation services and crypto mining services to pay for its own expenses such as repairs, electricity bills, and upgrades,” Raval said.

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