Bitcoin mining rigs have a a different proof-of-work algorithm to Bitcoin, called Scrypt. The leader in news and as equipment cost, hashrate, power and the future of money, CoinDesk is an award-winning media outlet that strives for the fir journalistic standards and abides editorial policies.
It would take nine years of household-equivalent electricity to mine a single bitcoin as of August The taxation of crypto mining remains an important consideration. It is still possible to participate in Bitcoin mining with a regular at-home personal computer if you have some of the latest and fastest hardware, but you still might only make a few cents per day.
