Can I mine Safemoon old?

3 answers

• sipNsailNov 26, 2022 · 3 years ago
  No, it is not possible to mine Safemoon using older mining equipment. Safemoon is a token on the Binance Smart Chain (BSC) and it does not utilize a proof-of-work (PoW) consensus algorithm like Bitcoin or Ethereum. Instead, it uses a proof-of-stake (PoS) mechanism. This means that new Safemoon tokens are not created through mining, but rather through staking existing tokens. So, if you're looking to mine Safemoon, you'll need to explore other options like buying it on a cryptocurrency exchange.
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• jdajdkladjaldjaldjalOct 03, 2021 · 4 years ago
  Unfortunately, you cannot mine Safemoon using old mining equipment. Safemoon is not a mineable cryptocurrency. It is a token built on the Binance Smart Chain (BSC) and its supply is controlled by the smart contract. The only way to acquire Safemoon is by purchasing it on a cryptocurrency exchange that supports BSC tokens.
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• BoonherBAug 10, 2022 · 3 years ago
  No, you cannot mine Safemoon using old mining equipment. Safemoon is a token on the Binance Smart Chain (BSC) and it does not rely on mining for token creation. Instead, Safemoon implements a tokenomics model that includes a 10% fee on each transaction, with 5% redistributed to existing holders and 5% added to the liquidity pool. This model incentivizes holding and discourages short-term trading. If you're interested in Safemoon, you can buy it on a BSC-compatible exchange like PancakeSwap.
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