Yes, you can actually mine Proof of Stake coins. But it requires you to pass through some loop holes.
I just recently discovered the most convenient way to mine Proof of Stake coins like Cardano: UnMinable
Yes, as the name implies the site allows you to mine coins that are normally not possible to mine. This is done by setting up your miner to mine on ehash, kawpow or any other available algorithm and get paid directly in your chosen non-minable cryptocurrency.
Right now you're probably thinking that this doesnt make any sense as you might as well mine the most profitable coin and swap it to whatever you what to swap it to instead. That is indeed possible, but in my case the most profitable thing to mine for my set up would be ethereum, and with the current astronomical gas fees its simply not possible to cash out early without paying your mining profits in gas fees. Add on top of that the swap fees you would have to pay from ETH and I would be left with almost nothing. Even beyond that, many exchanges dont allow you to swap or transfer small amounts of crypto.
Indeed the people behind Unminable are taking a cut of the profits at the top, but if you use the referal link posted you will recieve a discount on their fees. And after mining now for a few days I can attest to the fact that they pay the correct amount and the transparency seems to be just as good as from other mining pools.
Below you can see all of the available coins to mine at the time being:
And yes, some of you might notice that the list even includes some PoW coins. So you could theoretically mine on the ethereum algorithm but get paid in Ravencoin and similar.
All in all. I can recommend this site since it allows you to try out weird new coins you would never have throught of getting otherwise, or simply just mine your favourite Proof of Stake coin.
Happy mining everybody!
unMinable
