Cryptocurrencies are more popular than ever thanks to the late 2020 and early 2021 boom. This means that more people than ever are interested in mining them, which takes us to today’s article question: “Can I mine cryptocurrencies on a Chromebook?“
While mining cryptocurrency and altcoins is definitely not the best approach in our opinion, it is something that can prove to be extremely lucrative for many.
In this article, I decided to discuss whether or not you should try to mine Bitcoin or any other crypto on a Chromebook in 2021.
Why would you like to mine Bitcoin or any other type of cryptocurrency in 2021 on your Chromebook?
Because, in theory at least, doing so will help you earn some money. Finding that right coin that can be mined easily is the secret to this entire thing being profitable – at least in theory.
In practice, mining cryptocurrencies is starting to be done almost exclusively by large companies with access to serious hardware and even dedicated personnel.
There are mine farms all over the world with tens of computers (if not more) handling this, meaning that you are up against some really serious competition.
Mining Bitcoin at home is usually considered not profitable anymore because of the high electrical costs required for the mining itself and the same can be said by most other cryptocurrencies.
In other words, even with some serious hardware, in most cases you will rarely even break even at home. Or at school, as some people do or want to do.
In the end, many students in the US (and probably other parts of the world) are receiving a free Chromebook from school. This means free hardware they can use for mining at school – or wherever.
In theory, at least, because in practice things are a bit different. Although cheap and usually extremely reliable, Chromebooks can’t usually be used for mining most cryptocurrencies, especially Bitcoin.
Or at least they shouldn’t be used simply because, even if you manage to go through all the trouble and make them capable of mining, you would still produce extremely low amounts in terms of earnings (if any).
But it’s not all about Bitcoin and ETH and the top cryptos out there! The secret is to find lesser known and less popular cryptos that can be mined without the need of impressive hardware – but unfortunately, we don’t have a lot of options.
Until recently, I was a big fan of a coin called JSECoin. This is a pretty unique coin that you could mine with your browser window (or even with your phone!).
Unfortunately, JSECoin shut down recently, leaving a massive gap in the low range mining area. I was able to get a few hundred dollars worth of coins (that I fortunately exchanged before it shut down)… so definitely it wasn’t a “get rich quick” option.
But it was better than nothing and my efforts were minimal.
But now, since you don’t have that option anymore, are there any other good cryptos you can mine on a Chromebook?
Even if you choose one amazing Chromebook like the ones we’ve recommended in a previous article, you would still have a tough time mining Bitcoin or any other cryptocurrencies on them.
You could develop your own app for mining on a Chromebook or you could try and search for ways to do it… but it might not be worth it, in the end.
With most cryptos, you would earn at most dollars per month, which isn’t really worth doing – especially since mining cryptocurrencies on a Chromebook will reduce the life of the device a lot.
Somewhat easy to mine currencies are DogeCoin (a joke cryptocurrency that has seen some massive boosts over the years, making some people rich) or Electroneum.
Probably your best option in this case would be to join a so-called mining pool. This basically allows a large group of people with less powerful hardware to band together and mine some of the larger currencies out there.
You can check out a website like MinerGate and sign up to mine various popular currencies. You will probably earn more than going solo, but I repeat: don’t expect it to be a huge amount!
If you really want to stay portable and do some mining, we have recommended the best laptops for the job – but have in mind that nothing beats the dedicated miners and you’re also competing, in most cases, against companies who have tens of miners working…
In conclusion, the correct question is not: “Can you mine cryptocurrencies on a Chromebook,” because nothing is impossible nowadays (although doing it is not extremely easy either), but “Is it worth mining cryptocurrencies on Chromebooks?“. And the answer is generally “No, not really”.