Golem Network launches laptop app to mine Ethereum
The Golem Network has recently launched an app that enables its users to mine Ethereum through their laptops, although it is still a long way to make a fortune out of it.
Golem, a decentralized computing resource, has launched the app named Thorg that allows its users to mine Ethereum using their Windows-based PC and laptop.
The app works in a way that it runs in the background while simultaneously harnessing the unused computing power of systems for processing all calculations required for proof-of-working mining operations. Users, however, get their rewards in Golem native GLM token and not Ethereum.
The system functions on layer-two aggregator Polygon that abolishes any heavy transactional fees associated with the ERC-20 GLM token. Further, it creates “shares” that are batched computing tasks actually collected and used for mining Ethereum.
Piotr Janiuk, Golem’s CEO, had said that Thorg was originally designed for increasing the adoption of Golem Network by letting users earn passive income using their personal computers.
Minimum system requirements for running the app are Windows 10 OS with a 6 GB or greater graphics card, which usually high-end gaming laptops come with.
As perceived alternately, it might not be an easy way for earning money at home by mining. A 6 GB graphics card would produce a hash rate of about 26 MH/s. Along with this, the average desktop PC’s power consumption is around 600 watts, into consideration taken as a hypothetical example. Further, profits from mining Ethereum using a PC could yield around $0.06 per day, or might take over a fortnight to make $1 as per mining calculators.
However, there are other variables like specific computer hardware, cost of electricity, power consumption, and more. While this is one theoretical example, other conditions may also vary depending on the system specifications.
Golem’s announcement had stated that a high-end GPU was “not necessary” for users.