However, whenever you hear browser mining mentioned it always focuses on this one, ‘original’ coin. But is it possible to mine other coins, including alt coins, using your browser, such as Bitcoin Cash, Litecoin, Dash or even Dogecoin?
The answer is a definite yes, although like with Bitcoin, when you use Coinhive you’re not actually mining any of these cryptocurrencies. In fact, you’re mining Monero which is then converted into the coin you are currently set to mine.
The reason for this is that Monero is much more suited to mining on a home computer. It is no longer practical or profitable to mine cryptocurrencies such as Bitcoin and Litecoin using standard equipment.
This is what the Coinhive widget looks like when it’s running:
For the technically-minded amongst you, Coinhive uses the Monero blockchain because it’s based on the Cryptonight algorithm which runs well on the average home computer.
One of the most easily accessible routes to mining coins other than Bitcoin is the CoinPot microwallet. This free service, which is primarily used for collecting free coins collected from faucets, enables you to mine Bitcoin Cash, Litecoin, Dash and Dogecoin in addition to Bitcoin.
And given that CoinPot now supports Bitcoin Cash as well it’s possible that a faucet supporting this will follow in the near future.
Here’s a complete list of the CoinPot mining links:
You can then adjust the settings depending how much CPU power you wish to dedicate to the mining process and watch the coins gather in your CoinPot account every five minutes or so.
Bear in mind that while you will earn more by using the maximum settings, depending on your hardware you may find your computer slowing down considerably and your computer’s fan going into overdrive. If this happens adjust the settings so you can still use your computer while mining.
The beauty of CoinPot is that it allows you to instantly convert a collected coin into one of the other supported currencies.
So, whether you’re collecting from faucets or mining with your browser, you have access to five currencies without having to go through a more complicated exchange. This also means that you can pick the right moment to convert your coins depending on the prevailing exchange rate.
If you’re clever about this (and to a certain extent lucky) it is possible to increase your CoinPot holding simply through converting one currency to another at the right moment. Timing the market in this way is risky but the thrill of getting it right is undeniable.
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