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Monero

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 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market is well known for being a live technological innovation and experimentation hub. Creativity is one of the few limits imposed on enthusiasts eager to experiment and show the world their solutions, which applies to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> mining.</p>
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 <p class="paragraph">In particular, the Monero (XMR) community is usually seen experimenting with mining hardware. Recently, an anonymous miner posted a Nintendo Switch setup on the subreddit <em>r/MoneroMining</em>.&nbsp;</p>
 <p class="paragraph">It is possible to see a Monero mining interface running in the same 2017 Nintendo console that one day has probably hosted Super Mario. The Nintendo Switch appears to be producing 230 hashes per second in the picture.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="768" src="https://cdn.thebittimes.com/images/2023/11/29/fd1427d3ea888b10443b3d9c371c6777.webp" alt class="wp-image-140115" srcset="https://cdn.thebittimes.com/images/2023/11/29/fd1427d3ea888b10443b3d9c371c6777.webp 1024w, https://cdn.thebittimes.com/images/2023/11/29/fd1427d3ea888b10443b3d9c371c6777.webp 300w, https://cdn.thebittimes.com/images/2023/11/29/fd1427d3ea888b10443b3d9c371c6777.webp 768w, https://cdn.thebittimes.com/images/2023/11/29/fd1427d3ea888b10443b3d9c371c6777.webp 1536w, https://cdn.thebittimes.com/images/2023/11/29/fd1427d3ea888b10443b3d9c371c6777.webp 2000w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Nintendo Switch console mining Monero (XMR). Source: <em>r/MoneroMining</em>
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 <p class="paragraph">Interestingly, RandomX, the Monero mining algorithm, allows for alternative experiments like this due to being ASIC-resistant. Miners can use simple CPUs or gaming devices to run the algorithm and try their luck at block discovery while supporting network security.</p>
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 <p class="paragraph">However, a 230 hashes per second (H/s) <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> mining setup will hardly result in any profits for its owner. Finbold turned to the <em>MinerStat</em> calculator to check how profitable mining XMR with a Nintendo Switch would be.</p>
 <p class="paragraph">Considering the 230 H/s, a 6-watt power consumption, paying the 1% fee to the mining pool, and an electricity cost of $0.1/kWh, the Nintendo Switch experiment would result in losses for the miner. It would require approximately 770 months to mine 1 XMR with this setup, spending $0.43 per month.</p>
 <p class="paragraph">Essentially, this specific miner would be paying around $331 per Monero. This is a 100% premium, considering XMR is trading at $166 by press time.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="603" src="https://cdn.thebittimes.com/images/2023/11/29/668f811f0ea487591194258b41e7f874.webp" alt class="wp-image-140116" srcset="https://cdn.thebittimes.com/images/2023/11/29/668f811f0ea487591194258b41e7f874.webp 1024w, https://cdn.thebittimes.com/images/2023/11/29/668f811f0ea487591194258b41e7f874.webp 300w, https://cdn.thebittimes.com/images/2023/11/29/668f811f0ea487591194258b41e7f874.webp 768w, https://cdn.thebittimes.com/images/2023/11/29/668f811f0ea487591194258b41e7f874.webp 1536w, https://cdn.thebittimes.com/images/2023/11/29/668f811f0ea487591194258b41e7f874.webp 1614w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Monero mining calculator. Source: <em>MinerStat</em>
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 <p class="paragraph">Meanwhile, the pseudonymous account, <em>Untraceable</em> on X (formerly Twitter), reported about Nintendo’s competitor console, Steam Deck, running Monero at 700 H/s, which is also not profitable considering a power consumption between 15-22 watts.</p>
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    <p lang="en" dir="ltr">700 hashes on a steam deckhttps://t.co/CgGD62NT4l pic.twitter.com/utCKj0Z0tp</p>— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) November 28, 2023
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 <p class="paragraph">Notably, Monero miners usually see the activity as an alternative way to exchange XMR for fiat currencies, not as a business. In the sense that they will pay for their electricity bill and acquire the privacy coin in return with a premium over its price.</p>
 <p class="paragraph">This trend has increased lately because <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchanges in highly regulated countries have stopped offering Monero to their customers. Therefore, people in these regions who want XMR can mine the coin using a Nintendo Switch or Steam Deck console.</p>
 <p class="paragraph">In 2021, Finbold reported about a YouTuber using his Nintendo Game Boy to mine Bitcoin (BTC). The game console was generating 0.8 hashes per second.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/can-you-mine-crypto-with-a-nintendo-switch-tbt71962.html">https://thebittimes.com/can-you-mine-crypto-with-a-nintendo-switch-tbt71962.html</a></p>

Can you mine crypto with a Nintendo Switch?

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