News: Ethereum in South Africa

How much money you can make mining Ethereum in South Africa?

The value of cryptocurrencies has climbed rapidly in recent months, making them appealing to those interested in mining.

Cryptocurrency mining – using consumer-grade graphics cards or ASIC (Application-Specific Integrated Circuit) hardware to mine blocks on a blockchain – sees users earning the cryptocurrency of a blockchain.

As ASIC devices are prohibitively expensive and usually only applicable to a specific blockchain, mining rigs comprising standard PC components and an array of powerful graphics cards have become extremely popular.

Graphics-card rigs can be used to mine a number of altcoins, including Ethereum – the second-biggest cryptocurrency in the world.

The once-off cost of purchasing a mining rig, the monthly expenses of running it, and how much money you can make are outlined below.

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