Three ways cryptocurrencies can be mined are through standard computers, with their CPU, more advanced GPU mining and finally ASIC mining, which involves machines devoted to the purpose of mining cryptocurrency. Back in the very early days of bitcoin, it was profitable to mine on a standard computer but now the ‘arms race’ between groups of miners has squeezed out the little guy.
CPU Mining CryptoNote Coins
However, you can still mine some cryptocurrencies using a standard computer with your CPU, learn something and make a little profit along the way too. For example, the CryptoNight algorithm offers GPU mining no advantages whatsoever over CPU mining. Some well-known examples are Monero, Bytecoin, and FantomCoin.
To start mining the CryptoNote coins, you need to download the MinerGate GUI miner. This software is foolproof and connects to mining pools automatically. Also, the miner conveniently finds the best exchange rates for CryptoNote coins and mines accordingly to maximize your profits, a feature known as ‘smart miner.’ As you open the program after installing, smart mining will be activated, shown below.