Shiba Inu is an ERC-20-based altcoin (built on the Ethereum blockchain) that was founded in August 2020 as a meme coin represented by the mascot of a Japanese hunting dog known as Shiba Inu. Dubbed the “DOGE killer”, Shiba Inu has a token supply of 1quadritillion, with half of this locked in a liquidity pool on the decentralized exchange Uniswap. While you can purchase Shiba Inu from most exchanges, you can also mine it. The question is, can you mine Shiba Inu from your laptop? Yes, you can use your laptop’s GPU to mine generate some SHIB for you.
Steps on how to mine on a laptop
Mining Shiba Inu is one of the best ways to earn some SHIB, other than buying it. In other words, instead of spending your hard-earned cash to buy some SHIB from any of the exchanges such as Coinbase, Binance, etc., you can simply make use of your home PC to generate some SHIB. Yes, anyone can start mining Shiba Inu with your laptop in minutes, regardless of your technical skill level in crypto mining
The following steps are a quick guide on how you can successfully mine some SHIB with your laptop:
Step 1: Get your crypto wallet ready: You must have a compatible wallet to store your mined SHIB. You can download the Shiba Inu wallet or check other suitable online wallets that can serve your needs.
Step 2: Download XMRIG: You can download the latest version from the official xmrig GitHub repository. You will need to extract the downloaded package, and open the pool_mine_example.cmd with your code editor. Check here for more details on how to carry out this process.
Step 3: Run the pool_mine_example.cmd file as an administrator. From this point, you should be able to successfully mine SHIB using XMRIg.
Step 4: Install Unmineable: While it’s possible to mine SHIB as an individual, you should join a mining pool to help you take advantage of larger processing power, and speed and be able to monitor your mining stats. An example of SHIB mining pools is the Unmineable.com pool, which lets you mine with your CPU using RandomX.
Is Using Your Laptop the Best Way to Mine SHIB?
While you can easily mine Shiba Inu with your laptop’s GPU, it is not the most recommended method as most laptops are generally weaker. Crypto mining requires that your computer run nonstop for hours on end, something that may weaken its internal hardware components. Moreover, your laptop hardware will undergo some serious wear and tear that may lead to you incurring additional costs, which may eat into your profitability.
Shibu Inu is one of the most popular meme coins in the market today, and fans anticipate that its price will continue to rise in the future following more adoption. However, it’s always advisable to avoid using your laptop to mine as there are other better alternatives such as setting up your desktop PC with ample cooling. You can also set up a proper mining rig, instead, if you can afford it.