Can I mine VET with my computer?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, you can mine VET with your computer. However, it's important to note that VET uses a Proof of Authority (PoA) consensus algorithm, which means that mining is not the primary method of securing the network. Instead, VET holders can earn additional VET through staking. Mining VET with your computer may not be as profitable as other cryptocurrencies that use Proof of Work (PoW) algorithms.
  394197
• Nov 23, 2021 · 3 years ago
  No, mining VET with your computer is not recommended. VET uses a different consensus algorithm called Proof of Authority (PoA), which does not rely on mining for network security. Instead, VET holders can participate in staking to earn additional VET rewards. Mining VET with your computer may not yield significant results and could consume a lot of energy without much return.
  378126
• Nov 23, 2021 · 3 years ago
  While it is technically possible to mine VET with your computer, it is not the most efficient way to earn VET. VET uses a Proof of Authority (PoA) consensus algorithm, which means that mining is not the primary method of securing the network. Instead, VET holders can stake their tokens to earn additional VET rewards. Staking is a more energy-efficient and cost-effective way to participate in the VET network.
  411103