You are currently viewing How to mine Shiba Inu — earn free SHIB with your laptop – Laptop Mag

How to mine Shiba Inu — earn free SHIB with your laptop – Laptop Mag

LaptopMag is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more
By Kimberly Gedeon published 10 November 21
How to mine Shiba Inu on your laptop
Note: This is not investment advice. This is for educational purposes only. Please note that cryptocurrency is a highly volatile asset class.
“How to mine Shiba Inu” is a search query that’s gaining ground on Google as people seek to acquire SHIB without purchasing it on a cryptocurrency exchange. Why spend your hard-earned cash when you can allow your idle hardware to generate SHIB for you?
The term “crypto mining” may sound a little intimidating, but the only thing that’ll be breaking a sweat here is your GPU. While you can mine on a laptop, there are some limitations. We’ll dive into those drawbacks later, but for now, let’s discuss how mining works.
Crypto mining involves the process of earning digital-asset rewards — tokens of appreciation, if you will — as a result of solving cryptographic equations with one’s hardware.
Shiba Inu is an ERC-20 token, which means it runs on the Ethereum blockchain. What’s a blockchain? It’s a virtual database of transactions distributed and duplicated across a peer-to-peer network of computers — it’s a digital ledger, basically. Each “block” on a blockchain is filled with Ethereum transaction data (e.g. Jack sent $500 worth of ETH to Tina). Next, it’s up to the Ethereum miners to verify each block for security and accuracy.
Here’s where you’d come in as a miner. Each Ethereum block comes with a complex, mathematical problem that is extremely difficult to solve. The Ethereum miner that solves this complicated puzzle first wins the transaction fees and scores ETH rewards. As such, the Ethereum network is biased; it doles out greater rewards to miners with high-powered hardware.
This is why laptops are not recommended for mining. Yes, they can mine Shiba Inu, but you may find that the hardware is too underpowered to generate worthwhile SHIB rewards.
Besides being underpowered, laptops are also not recommended due to their slender form. Slim, svelte laptops with dedicated GPUs are a gamer’s dream, but they’re a nightmare for crypto mining because of the poor heat dissipation. Serious miners who make profitable earnings use ASIC miners or decked-out PCs with several GPUs.
Check out our best laptops for crypto mining page to get a good idea of which systems are best for minting SHIB based on their internals, dimensions and thermal results from our in-house testing. You won’t earn SHIB at the same rate as owners of ASIC miners, but you’ll still be able to collect some rewards.
Before diving into SHIB mining, you should know what you’re getting yourself into. The first thing you should consider is that crypto is volatile. You can mine 100,000 SHIB in one week (worth $5 as of this writing), but the next day, that same amount of SHIB could be worth $1. Here are some other concerns you should keep in mind:
To get started on mining SHIB, you’ll need a Shiba Inu wallet — this will collect all your SHIB rewards once you’ve reached your payout threshold. I recommend Atomic Wallet (on Android and iOS). 
How to mine Shiba Inu
When you sign up for an account, make sure you keep the provided seed phrase (a string of 12 words) in a safe place. If you get a new device, you’ll need it for security purposes. If you lose it, you can never — and I mean never —  retrieve your seed phrase (not even through customer support, which is barely existent). And you won’t have access to your crypto wallet anymore.
How to mine Shiba Inu
1. Go to unMineable’s official website and click “Download.” 
2. Install the unMineable beta miner software (click on the green button).
How to mine Shiba Inu
3. Extract the file (I’d recommend putting it in an easily accessible location like a folder on your desktop).
4. Double click on the “unMineable Miner 1.1.0-beta” file, which will run the unMineable desktop app.
How to get started with mining SHIB on unMineable 
You’ll need to download another software called PhoenixMiner, which works in conjunction with unMineable.
How to mine Dogecoin
1. Download the PhoenixMiner here (“PhoenixMiner_5.6d_Windows.zip”). 
2. Extract it into the same folder where the unMineable app is located.
3. Find the PhoenixMiner.exe file and take note of where it’s located.
How to mine Shiba Inu
4. Re-launch the unMineable app and click “Continue.”
5. Click on “Graphics Card (GPU)” and click “Next.”
How to mine Shiba Inu
6. Click on “Update miner file location,” which will prompt you to locate the PhoenixMiner.exe file. Once you’ve found and selected it, click “Open.”
7. Click on “Next.”
8. Select the Shiba Inu as the cryptocurrency you’d like to mine.
How to mine Dogecoin
9. Enter your SHIB wallet address (this can be found by typing in “SHIB” into Atomic Wallet and tapping “Receive”).
Click “Start,” and the app will start mining SHIB right away.
Once you’ve earned a minimum of 250,0000 SHIB, unMineable will send your SHIB directly to your Atomic Wallet. And that’s it! 
Kimberly Gedeon, holding a Master’s degree in International Journalism, launched her career as a journalist for MadameNoire’s business beat in 2013. She loved translating stuffy stories about the economy, personal finance and investing into digestible, easy-to-understand, entertaining stories for young women of color. During her time on the business beat, she discovered her passion for tech as she dove into articles about tech entrepreneurship, the Consumer Electronics Show (CES) and the latest tablets. After eight years of freelancing, dabbling in a myriad of beats, she’s finally found a home at Laptop Mag that accepts her as the crypto-addicted, virtual reality-loving, investing-focused, tech-fascinated nerd she is. Woot!
Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
Thank you for signing up to Laptop Mag. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.
Laptop Mag is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
© Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved. England and Wales company registration number 2008885.
How to mine Shiba Inu — earn free SHIB with your laptop - Laptop Mag

source

Leave a Reply