Hobby mining is likely the basket you are in with aspirations of learning more and possibly scaling up your hardware in the future. Cloud mining marketplaces, like NiceHash, are a promising solution to the embattled industry and a decentralized iteration of this may spring up soon as well. If you are dead set on cloud mining, do your research. The reputation of the cloud mining industry has been poisoned by these bad actors with scams outnumbering legit operations by a hundred to one. Cloud mining has become riddled with fraud from non-existent miners to elaborate Ponzi schemes robbing thousands of people. They manage the miners, organize the pool, and optimize the operation for best returns on investment. You simply rent hardware from someone else for an agreed amount of time. Mining Ethereum: What’s Your Purpose?Ĭloud mining can be considered the most approachable, however, we recommend extreme caution before proceeding.įor many people, the allure of cloud mining seems like hands-off free money. While they are not mutually exclusive, each level requires varying amounts of technical knowledge and hands-on involvement. In general, there are three levels of difficulty in mining: cloud mining, hobby mining, and profit mining. However, native hardware included in most Apple computers might not be enough to turn a profit, yet it is still a great way to get experience with mining.
Mining Ethereum from a Mac has become increasingly accessible with more user-friendly interfaces being developed.
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