With cryptocurrencies rising in popularity, people are looking for various ways of mining them in order to make some nice profits and the question that I hear more and more often today is this: “Can I mine cryptocurrencies on a Chromebook?” Today, I decided to shed some light on this and share with you the answer.
First of all, why would anybody want to mine Bitcoin and other cryptocurrencies? Well, because it’s an easy way to make some free money (in theory at least). However, in practice, mining is starting to be done by large companies with access to serious hardware and personnel. Mining Bitcoin at home is usually considered not profitable anymore because of the high electrical costs required for mining. But mining other coins is still profitable if you do it at home.
Quick recommendation: You might be interested in reading our article about the best hardware cryptocurrency wallet on Amazon.
Or at school, as some people think. In the end, many students in the US (and probably other parts of the world) are receiving a free Chromebook for their studies. 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 be used for mining 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).
Probably the best cryptocurrency to mine using a Chromebook is one that can be mined with an internet browser. The best example at the moment of writing this article is JSECoin. This coin is in pre-launch mode, but it has a ton of potential in my opinion. And the best part is that you don’t need fancy equipment in order to mine it, you just need a browser and an internet connection.
However, since this coin hasn’t been listed on any exchanges yet and it’s still mostly work in progress, it might lead nowhere in the end. It could be valued highly as I anticipate it would, but it could be nothing but a bust in the end, so there’s still a bit of a risk. But, despite all these, I still believe it’s the best option if you’re planning to 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. You could develop your own app for mining on a Chromebook or you could try and search for ways to do it… but it wouldn’t be worth it.
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. 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 “No, not really”.
Things could change if altcoins like JSECoin become popular and more options are launched for cryptocurrencies that can be mined with your browser… but until then, there are not any hopes for high profits in sight…