Mining Ethereum Using Macbook M1, It Turns Out You Can! (2024)

FAQs

Mining Ethereum Using Macbook M1, It Turns Out You Can!? ›

Launching Tom's Hardware, Ethereum mining can be done using a high-end graphics card. In the future, it is expected to be able to mine using the devices at hand, especially the value of cryptocurrencies is starting to increase. Now miners can use other devices, namely the M1 chip from Apple.

You also won't mine Ethereum using an Apple M1-powered chip, as Ethereum mining is dead post-Ethereum 2.0 Merge. In short, crypto mining is certainly possible with the M1 Silicon, but it is barely profitable, so you'll be committing your Mac device almost entirely to an operation that won't reap many rewards.

Yes, it is possible to mine Bitcoin on a Mac Pro, but it may not be the most efficient option. The Mac Pro's powerful processor and graphics card can handle the complex calculations required for mining, but it may not be as profitable as using specialized mining hardware.

Running the numbers through a crypto calculator shows that the profit, after allowing for electricity costs, is just $12.82 per month – or around 42 cents per day. If you were buying the MacBook Pro purely for mining, that means it would pay for itself in… 17 years!

Considering the current difficulty level, mining 1 Ethereum takes about 60 days.

Here is the list of preconditions that must be met before you can proceed: Computer with one of the following operating system: Windows, macOS or Linux. NiceHash OS flash drive.

Although mining is a competitive business, starting is still relatively easy. In the early years of Bitcoin, hobbyists could simply boot up some software on their computer and get started right away. Those days are long gone, but setting up a dedicated Bitcoin miner is not as hard as it may seem at first.

The shortest amount of time it can take to mine at least 1 bitcoin is about 10 minutes. However, the actual time it can take you depends on several factors such as the hashing power of your mining hardware, the overall network hash rate, and the Bitcoin mining difficulty.

Historically, Bitcoin (BTC) has been one of the most lucrative cryptocurrencies to mine due to its high market value. However, other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), and Monero (XMR) have also been profitable for miners, depending on market conditions and mining hardware efficiency.

The MacBook Air with the M2 chip has been a game-changer for mobile traders. The newly introduced 15-inch model offers a perfect balance between portability and screen size, ideal for multitasking and detailed analysis. The M2 chip is powerful. It delivers some of the most powerful performance on the market.

What is the most profitable mining computer? ›

Another top-of-the-line machine from popular manufacturer Bitmain, the Antminer K7 was released in January 2023 and is one of the most powerful and profitable mining machines on the market currently, with a hash rate of 63.5 terahashes a second.

Crypto mining will still be profitable in 2024, but only if you have the right mining setup. With the dynamic nature of the cryptocurrency space and crypto mining, a GPU miner is unlikely to be among the ingredients of a profitable mining setup.

How Many Ethereum Can Be Mined? Unlike Bitcoin, there is no limit to the amount of Ethereum that can be generated. Each day around 13,500 Ether are mined.

Your 3060TI should generate ~60MH/s. At current difficulty that should generate about 0.001 eth per day.

Pool Mining. Ethereum mining in a pool is the easiest and fastest way to get started. You work together with other people. All of the people that are mining within a single pool agree that if one of them finds the secret number, they'll share rewards with everyone.

M1 Mac mini's hash rate of around 2400 H/s is a little too slow. Although it does not support hyperthreading, M1 has achieved super fast singe core performance.

You will need to connect your MacBook to your mining pool and the Litecoin network in addition to downloading the required software.