Is there a realistic way a person having an old computer and cheap (but not free) electricity can actually mine monero equal to some amount which can be used to donate to good service providers or purchase services?

I keep hearing about low reward to effort ration, but can I get a respectable amount in let’s say a year without having to deanonymize myself by going to a Centralised exchange?

  • BCsven@lemmy.ca
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    4 months ago

    Of you want to donate to providers or purchase services you are better off just paying cash, or anonymous through those prepaid visa cards. Mining (if even possibel) on that PC is just going to run up your electricity bill.

      • BCsven@lemmy.ca
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        4 months ago

        How is cash traced back to you? And you can pay cash for a prepaid card so the transaction is pretty anonymous.

        I haven’t followed the coin you may be using but recently bitcoin were hitting the reward is not with the cost of gear and electricity, causing miners to move to something else. I think that is by design of how cryptoworks, you eventually reach a stasis of mined coins