How to Mine Shiba Inu Coin (SHIB) Easily

With the impossibility of mining the Shiba Inu itself, the easiest way to obtain it through mining is to use an unMineable mining pool.

 

How to Mine Shiba Inu Coin (SHIB)

2020 is the year that saw a boom in memes. Dogecoin and many other coins trying to imitate it has doubled in price many times. The most successful similar to Dogecoin at the moment is the Shiba Inu, which is currently the 12th largest cryptocurrency by market capitalization. For this reason, it is not surprising that many seek to learn how to mine the Shiba Inu.

What is a Shiba Inu?

The Shiba Inu is a decentralized system whose core element is the ERC-20-standard token SHIB. The project was launched in August 2020, by a person or group of people working under the pseudonym Ryoshi. The developers of the Shiba Inu called the project the "Dogecoin Killer".

The project has a following of more than half a million members, but there is no specific leader, and the members call themselves ShibArmy.

The main points you need to know

Before we proceed to describe how to mine the Shiba Inu token, we will mention some important points.

The largest number of Shiba tokens was issued immediately after the project was launched. Accordingly, creating and mining new Sheba tokens in the literal sense of the word became impossible. However, there are several ways to get around these limitations.

The number of Sheba tokens in circulation is almost twice less than the maximum supply of digital currency. The main reason for this is that when the project was launched, the coin developers sent 50% of the tokens to Ethereum founder Vitalik Buterin. In turn, Vitalik donated a portion of these tokens to charities, then sent 90% of the remaining tokens to an unreachable address; In other words, it was burned.

There are currently two main ways to obtain SHIB tokens, besides purchasing them: storing and mining other currencies, and then exchanging them for Shiba Inu tokens. In this article, we will focus on the second method.

Mining Shiba Inu coin

Given the impossibility of mining the Shiba Inu itself, the easiest way to obtain it through mining is to use an unMineable mining pool.

How to mine Shiba Inu on PC

You will need several things to start mining Shiba Inu on your PC:

  • Windows 64-bit PC or Laptop
  • Internet connection
  • Shiba Inu wallet

Mining Shiba Inu on Windows devices

The unMineable pool uses its own mining software, which includes mining hardware for both GPUs and CPUs. To start using it, follow these steps:

  • Go to unMineable.com and click the "Download" button on the home page.
  •  To download the ZIP archive file with the application, click the green "Download" button. If your antivirus has deleted or blocked your mining files, you might have to download the main version of the app instead. Download files may be blocked in some browsers because miners consider them malware by default.
  •  Unzip the downloaded archive file, open the folder that appears, and launch the application. Before doing this, you may need to add the application to the list of excluded files in your antivirus.
  • After launching the application, click on the Continue button, select the device you want to use for mining - CPU or GPU - then click on the Next button. Please note that if you want GPU mining, you will need at least 6GB of VRAM for Ethash mining and 3GB for Etchash or Kawpow mining.
  • Select Shiba Inu from the cryptocurrency dropdown menu, enter your Shiba Inu wallet address, and click “Start”.
  • After you start mining, you can open Settings from the bottom-right corner and select Mining Density.
  • To see your unMineable stats, you must enter your Sheba wallet address into the search box.​​


Credit: Fractal Media

Mining Shiba Inu on macOS

Unfortunately, the unMineable mining app is only available for the 64-bit Windows operating system. However, Mac users can mine any other cryptocurrency, and then exchange it for Sheba via a cryptocurrency exchange.

Read also: 5 Best Ways Of How To Buy Bitcoin Safely

How to mine Shiba Inu code on a mobile device

How to Mine Shiba Inu on Android or iPhone

Since mobile mining apps are banned in the Google Play Store and Apple App Store, the developers of these apps have no plans to create a mobile version. For this reason, you cannot mine Shiba Inu tokens on mobile or mobile devices.

Is Mining Shiba Inu Profitable in 2022?

It depends on a number of variables. The following should be considered when calculating mining profitability:

  • First of all, the price of electricity in your area
  • mining equipment cost
  • The current state of the cryptocurrency market and its volatility
  • Time to hold coins before selling them

You can calculate the profitability of a mining operation using online calculators such as minerstat.com and whattomine.com. This will help assess whether mining Shiba Inu will be rewarding in your case.


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