The Golem Network has launched an app that allows users to mine Ethereum on their laptops, but it could be a long time before riches can be reaped.<\/p>\n
The decentralized computing resources sharing platform released the Thorg app that allows users to mine Ethereum on Windows-based PCs and laptops.<\/p>\n
The app runs in the background and harnesses unused computing power to process the calculations required for proof-of-working mining. Users are rewarded in Golem\u2019s native GLM token however, and not Ethereum.<\/p>\n
The system runs on layer-two aggregator Polygon which alleviates any heavy transaction fees associated with the ERC-20 GLM token. It creates \u201cshares\u201d which are batched computing tasks that are collected and used to mine Ethereum.<\/p>\n
Golem CEO, Piotr Janiuk, said that Thorg was designed to increase adoption of the Golem Network by allowing users to earn passive income on their own computers.<\/p>\n
The minimum requirements for running the app are the Windows 10 operating system, and a 6 Gigabyte or greater graphics card, which only high-end gaming laptops will have.<\/p>\n
Those thinking that this could be an easy way to make a mint by mining at home may have to think again. A 6GB graphics card will produce a hash rate of around 26 MH\/s according to review websites. Taking this and average desktop PC power consumption of around 600 watts into consideration for a hypothetical example, profits from mining Ethereum on a PC could yield around $0.06 per day, or take more than a fortnight to make $1, according to mining calculators.<\/p>\n
There are many variables, however, such as the specific computer hardware, power consumption, and cost of electricity, so this is just one theoretical example and results may vary. <\/p>\n