FOLLOW US

In recent years, crypto mining has become more available for people. For instance, a crypto miner has found a way to mine Shiba Inu (SHIB) from his computer at home. Before mining with computers, people used to rely on mining rigs instead. Shiba Inu – a meme-based cryptocurrency has surged 74,314,968,49% year-to-date. The digital token’s price soared last month following rumors about Robinhood’s move to list it on its exchange. On the other hand, Hai Dinho, a community college part-time student said that he always believed SHIB is highly speculative. However, the young entrepreneur decided to mine it himself. Dinho bought 2.5 million SHIB for the price of $100. "But then I did the math for mining it. I'm able to achieve almost the same amount, around 1.5 million Shiba Inu within a four-month period on a really old laptop," Dinho said. However, before Shiba Inu, Dinho used to mine Ether. Mining cryptocurrency quickly became a hobby for him and he wanted to make the most out of it. Dinho used to laptops; a gaming PC with a GPU chip and another five-year-old HP CPU-based laptop. He then leveraged the two computers to mine SHIB.

How it started

In an interview with Business Insider, Dinho said that he used unmineable.com. The platform allowed him to download Windows-based software that mines several cryptocurrencies. However, the platform only supports Windows as of this writing. The free-to-use software takes a 1% mining fee from miners. It runs while computers are in sleep mode but not when turned off. After downloading the software, it automatically detects the computer’s hardware. Consequently, a hash rate appears on the platform – giving users the results of how quickly they can mine and how much they’d earn. Dinho's GPU-based computer is part of the Etchash mining pool on Ethereum's network. For Dinho, his GPU miner has a harsh rate of about 22.8. With that, he could mine about 12,271 SHIB per day and 368,136 per month according to the same website. Meanwhile, his CPU-based computer has a hash rate of 3,594. This makes him 2,062 SHIB a day and approximately 61,568 SHIB per month according to the website. Now although one SHIB token is almost worthless, Dinho said that he wants to Hodl it for long term. This mean that he’ll keep the tokens until they rise in price. "Earlier this year, Elon Musk was talking about dogecoin. And to be honest with you, I didn't really think doge was going to turn it into anything," Dinho said. "But it's crazy how it made a lot of millionaires within 2021. And so with Elon Musk suddenly mentioning Shiba, I feel like it can replicate the same thing dogecoin did."