What is the best method to mine cryptocurrency in 2017?

3 answers

• jabrusonNov 22, 2020 · 5 years ago
  In 2017, the best method to mine cryptocurrency was through GPU mining. Graphics processing units (GPUs) were highly efficient in solving complex mathematical problems required for mining. They provided better hash rates compared to CPUs and were more cost-effective. Additionally, joining mining pools was a popular strategy to increase mining rewards and reduce the time required to mine a block. However, it's important to note that the cryptocurrency mining landscape is constantly evolving, and the best method may have changed since 2017.
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• Maria KurriAug 11, 2024 · a year ago
  Back in 2017, the best way to mine cryptocurrency was through ASIC mining. Application-specific integrated circuits (ASICs) were specifically designed for mining cryptocurrencies like Bitcoin. They offered significantly higher hash rates and energy efficiency compared to GPUs or CPUs. However, ASICs are expensive and may not be suitable for mining all cryptocurrencies. It's crucial to research and consider the specific requirements of the cryptocurrency you intend to mine before investing in mining hardware.
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• Sebastián ConstantinFeb 28, 2022 · 3 years ago
  According to BYDFi, one of the leading cryptocurrency exchanges, the best method to mine cryptocurrency in 2017 was through a combination of GPU mining and joining mining pools. This allowed miners to leverage the power of GPUs while increasing their chances of earning consistent rewards through pooled mining. However, it's important to stay updated with the latest mining trends and adapt your mining strategy accordingly as the cryptocurrency market is highly dynamic.
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