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Bitcoin and cryptocurrency mining has gone a long way since Bitcoin's inception in 2009.
At first, Bitcoin mining was rather easy and anyone could do it, yet no one did.
The mining difficulty was low, thus anyone could mine with a laptop or PC and earn some nice Bitcoins.
Then with time, as Bitcoin price grew, so did the difficulty.
More and more miners entered the scene, thus pushing the mining difficulty even higher.
At the same time, every four years we see a reduction in mining reward(Bitcoin halving).
The result?
Bitcoin mining became a very competitive, energy and hardware-demanding business.
As more and more people started mining Bitcoin, amateur miners lost their place.
The software was still running from the console, so tech-savvy miners had an obvious advantage compared to amateurs.
Then the mining difficulty increased dramatically, and mining from a PC became impossible.
ASICs entered the scene, and mining became a technical endeavor.
Around and during 2017, Bitcoin price went as high as $20000, creating the most known crypto bubble to this date.
Many crypto investment accounts became worthless, and many new miners lost a ton of money on inflated mining equipment.
GUI miners
But we also saw improvements that brought easier mining to the masses, with software like Nicehash, Kryptex, and BetterHash.
What this new software did was bring amateurs back into the game.
Even though Bitcoin mining difficulty is too high for home PCs, this new software brings algorithms that compare popular crypto prices, benchmark your hardware, and provide a way to mine what's most profitable for you at the moment.
Later, when you reach the minimum payment threshold, you can choose whether to be paid in Bitcoin, the cryptocurrency you actually mined, or even a third one if available as payment.
This works to this date, and I like writing about it on bitcoinminingsoftware.com.
What is unMineable
GUI miners are great, and I really like using them and recommending them to my friends and readers.
They are easier to use than console miners, and very helpful if you want to mine the most profitable coin at the moment(thus creating the most profit automatically).
The only thing I don't like about them is that they have a limitation when it comes to payments.
- Kryptex pays in Bitcoin or Ethereum, plus directly to bank accounts and credit cards.
- Nicehash pays only in Bitcoin.
- BetterHash pays in several cryptocurrencies like Bitcoin, Monero, and Ethereum.
But how can you be paid in another popular cryptocurrency?
You can't. The only way would be to mine the most profitable(or crypto of your choice) and then move it to an exchange, where you can exchange it for the crypto you'd like.
But since 2021, you actually can. And the magic word is unMineable.
With unMineable, you mine Ethereum or Ethereum Classic but get paid in one of 60+ popular cryptos, and the list keeps growing.
So if you for example want to mine Cardano(which isn't mineable), you can do it with unMineable.
If you want to mine Shiba Inu, the only way to do it is with unMineable.
The list of coins available for mining through unMineable is rather long, but to name a few, you can mine Fantom, 1Inch, Algorand, Chiliz, Dash, Holo, Matic, Tron, and many others.
The only disadvantage of mining with unMineable is that it requires a bit of technical knowledge.
Unfortunately, they don't have a GUI, so you have to use one of the four console miners that they support.
But hey, not all is lost. This neat guide on unMineable is everything you need to start mining with unMineable today.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.