Mining Ethereum Using Macbook M1, It Turns Out You Can! (2024)

FAQs

Mining Ethereum Using Macbook M1, It Turns Out You Can!? ›

The trials yielded the same results. Gu said that the MacBook Air can only mine Ethereum at a speed of 2MH per second. CryptoAge reports that the M1 offers the same performance for mining Monero. This is predicted to be able to reap a profit of about 0.14 US dollars per day with the same coin.

You also won't mine Ethereum using an Apple M1-powered chip, as Ethereum mining is dead post-Ethereum 2.0 Merge. In short, crypto mining is certainly possible with the M1 Silicon, but it is barely profitable, so you'll be committing your Mac device almost entirely to an operation that won't reap many rewards.

Essentially, there just are enough GPU cores for successful, and efficient mining. The GPU in the M1 will far out perform an Intel GPU but it doesn't come anywhere close to what is bing used in a mining rig today.

Considering the current difficulty level, mining 1 Ethereum takes about 60 days.

Running the numbers through a crypto calculator shows that the profit, after allowing for electricity costs, is just $12.82 per month – or around 42 cents per day. If you were buying the MacBook Pro purely for mining, that means it would pay for itself in… 17 years!

Yes, you can technically mine Bitcoin on a Mac Pro, but it's not a practical or profitable endeavor.

Ethereum underwent a significant change in 2022, shifting from a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), commonly referred to as “The Merge.” This change means that Ethereum can no longer be mined using traditional mining methods, including those on Mac computers.

Frame rates on average between 40-45 fps. Super smooth gameplay, as you would expect for a lower resolution like this. No issues running Minecraft at this resolution. Frame rates on average between 40-45 fps.

Your 3060TI should generate ~60MH/s. At current difficulty that should generate about 0.001 eth per day.

What is the fastest way to mine Ethereum? ›

Pool Mining. Ethereum mining in a pool is the easiest and fastest way to get started. You work together with other people. All of the people that are mining within a single pool agree that if one of them finds the secret number, they'll share rewards with everyone.

The shortest amount of time it can take to mine at least 1 bitcoin is about 10 minutes. However, the actual time it can take you depends on several factors such as the hashing power of your mining hardware, the overall network hash rate, and the Bitcoin mining difficulty.

Historically, Bitcoin (BTC) has been one of the most lucrative cryptocurrencies to mine due to its high market value. However, other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), and Monero (XMR) have also been profitable for miners, depending on market conditions and mining hardware efficiency.

The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.

If you plan on mining Ethereum to make a hobby out of it, you can do some basic mining on a Mac with two common processes. In most cases, mining is accomplished from a Mac, though users have a preference for operating on Windows or Linux based applications such as ethOS.

Here is the list of preconditions that must be met before you can proceed: Computer with one of the following operating system: Windows, macOS or Linux. NiceHash OS flash drive.

Graphics Card: GPU with 3GB RAM, can mine Ethereum. We always recommend that you use Desktop. However, there are gaming laptops capable of mining Ethereum because of their high-end cards. Crypto Wallets: You will also need a cryptocurrency wallet to receive the ETH.