The Golem Network has launched an app that enables customers to mine Ethereum on their laptops, nevertheless, it could possibly be a very long time before riches can be reaped.
The decentralized computing sources sharing platform launched the Thorg app that allows users to mine Ethereum on Windows-based PCs and laptops.
The app runs within the background and harnesses unused computing power to process the calculations required for proof-of-working mining. Users are rewarded in Golem’s native GLM token, however, and not Ethereum.
The system runs on layer-two aggregator Polygon which alleviates any heavy transaction charges associated with the ERC-20 GLM token. It creates “shares” that are batched computing duties that might be collected and used to mine Ethereum.
Golem CEO, Piotr Janiuk, mentioned that Thorg was designed to extend the adoption of the Golem Network by permitting users to earn passive income on their own computers.
The minimal necessities for operating the app are the Windows 10 operating system, and a 6 Gigabyte or greater graphics card, which only high-end gaming laptops will have.
These considering that this could be an easy way to make a mint by mining at home may have to assume again. A 6GB graphics card will produce a hash rate of around 26 MH/s in keeping with evaluating websites. Taking this and average desktop PC power consumption of around 600 watts into consideration for a hypothetical instance, profits from mining Ethereum on a PC could yield around $0.06 per day, or take greater than a fortnight to make $1, in keeping with mining calculators.
There are many variables, however, such as the particular computer hardware, power consumption, and cost of electricity, so this is only one theoretical instance and results might vary.
The calculations additionally don’t account for the price of high-end graphics cards, which are extraordinarily costly at the moment as a result of demand and global chip shortage. The announcement did state that a high-end GPU was not necessary for all users.
“In case you don’t have a high-end GPU, you’ll be able to still use the Golem Network to compute tasks and earn GLM.”
At the time of writing, Golem’s native token was trading down 1.5% on the day at $0.475 according to CoinGecko. GLM is currently down 64% from its $1.32 all-time high in April 2018.