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Bitcoin Forum > Alternate cryptocurrencies > Mining (Altcoins) > Re: First time/Small miner reference for getting started.
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MinErBoot (OP)
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November 16, 2021, 01:15:43 PM
 #1
Guys which crypto is now worth to mine rather than BC? What if you do mining on Solana blockchain?
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November 16, 2021, 01:25:17 PM
 #2
Quote from: MinErBoot on November 16, 2021, 01:15:43 PM
Guys which crypto is now worth to mine rather than BC? What if you do mining on Solana blockchain?

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November 18, 2021, 02:47:23 PM
 #3
Quote from: MinErBoot on November 16, 2021, 01:15:43 PM
Guys which crypto is now worth to mine rather than BC? What if you do mining on Solana blockchain?
Solana cannot be mined with hardware, because this coin has a POS algorithm.
The PIC algorithm has double risks of losing money. You must first buy a coin and then launch a masternode or delegate your coins to another masternode.
Double risk arises from staking and a possible decrease in the price of the purchased coin.
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November 18, 2021, 11:59:53 PM
 #4
Quote from: MinErBoot on November 16, 2021, 01:15:43 PM
What if you do mining on Solana blockchain?
Unlike the tradition coins like Bitcoin, Ethereum, Litecoin that could use the Proof of Work algorithm which required use of ASICs and Graphics cards to mine them. Coins like Solana use the proof of stake algorithm. In this sort of arrangement you are required to stake your Solana coins, to help secure the network and in the process you will earn rewards for staking.

Read here for more details: https://docs.solana.com/staking
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