Clever Tech Memes · Follow Feb 19
· 6 min read
How to Mine CRO: If you have a laptop with good GPU, you can mine crypto currencies using different mining software.Among the software products, unMineable provides the possibility to join their mining pool, and receive crypto currencies as part of the reward for providing your compute resources.They have been able to extend the list of possible coins and tokens for mining, and there are a considerable list of coins/tokens for mining including CRO on Ethereum block chain.You can see the list of all Crypto currencies possible to mine with unMineable through this link .You can install unMineable from their official Website , and their software is only possible to be used on Windows.You can watch this video tutorial to figure out how to install unMineable and start mining Ethereum.However, I mention the list of the steps you need to perform to use unMineable:
Download the unMineable software Download the Phoenixminer.
Please note that for downloading the unMineable and Phoenixminer, you need to deactivate temporarily the security protection of your Google chrome as well as your firewall or at least you need to instruct both Google Chrome and your anti virus software that both unMineable and Phoenixminer are not viruses.
Most of antivirus software identify the mining software as viruses and put them in Quarantine.After downloading the unMineable and Phoenixminer, you can start the unMineable software and update the Mining file location i.e., PhoenixMiner.exe.In other words, you need to enter the path of Phoenixminer.exe file like the following figure: 4.You can select the Crypto.com Coin CRO from the list of available coins and tokens in unMineable software.Please note that CRO can be mined on the Ethereum blockchain, so you need to paste the receive address of your Ethereum from your wallet.
What is the Profitability of Mining CRO: If you, for example, own a laptop with RTX 3070, you can achieve an approximately hashrate of 40–50 Mega hashrate.You can imagine the hash rate as a unit of computational power used to verify transactions and add blocks in a proof-of-work block chain.
It is similar to milliseconds regarding latency or mega bit/sec regarding download throughput.Right now, the payout limit for mining CRO on unMineable is 75 CRO which takes approximately 15–17 days to mine with an RTX 3070.If you have a laptop with a GPU of RTX 3070, it should use roughly 100 Watt per hour in which may not be that expensive but also depends on where you live.Considering that you mine CRO for the whole year, you will be gaining around 1800 CRO after one year.
Right now, CRO has a price fluctuating around 40 cents, and Imagine that CRO experience a price jump of 10x (Based on the project roadmap, current developments and their team, this increase seems very probable), then it would be profitable source of passive income and a suitable long-term investment.
The positive side of mining CRO is that you can create an account on Crypto.com, and transfer your fund to DeFi wallet directly, and start staking your mined Crypto.There is no limit for staking your CRO, and you can start earning up to 10% interest staking your CRO.
However, you need to keep in mind that you can only stake your native CRO tokens so you require to convert your CRO ERC20 tokens to native CRO token in order to stake your CRO.DeFi wallet provides such conversion through CRO Migration Tool , however, they will charge network fees.In such a case, it would be more cost effective to:
Use the CRO ERC 20 address from DeFi wallet for the mining purpose Although there is no minimum limit for staking, it is better to accumulate your mined CRO ERC20 in order to avoid paying multiple fees for converting to CRO native token through CRO Migration Tool.Take-away Message In the world of Crypto, nothing is predictable as there are a lot of external impacts on Crypto market like Whales, rich institutional investors with principally tremendous source of moneys, inflation in economy, crypto acceptance by governments and many more similar to the US and Russia conflict, therefore, it is almost impossible to accurately predict the future price of a Crypto asset.
All in all, having a look at the strong ecosystem developed by Crypto.com, there is a very good chance of 100x price by mining or buying Cronos (CRO) keeping in mind a long-term investment perspective.
Mining CRO can be counted as a source of passive income specially with cheap electricity cost and the assumption of 10 or 100X price jump, in addition, you can receive interests/rewards after staking your mined CRO..
