How to mine Shiba Inu Token | Free Shiba Inu Coin

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In this page, I am going to teach you on how to mine Shiba Inu Coin on your PC. In August 2020, Shiba Inu Token was created by someone no one knows his name till today (anonymous). 

Shiba Inu Token is a meme coin and it aims is to kill the trend of the first memes coin called “DogeCoin” (Dogecoin is the first meme crypto coin and it has it own self Blockchain).

Shiba Inu is a “Dogecoin killer” token and is built on the Ethereum Blockchain Erc20. 

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What is Shiba Inu?

Shiba Inu is a decentralised ecosystem whose key element is the ERC-20-standard SHIB token. The project started in August 2020, and its creator is a person or group of people under the pseudonym Ryoshi. The creators position the project as the “Dogecoin killer”.

The community of the project’s followers has more than a million members but no leader, and its members call themselves the ShibArmy.

In August 2020, Shiba Inu Token was created by someone no one knows his name till today (anonymous). 

Shiba Inu Token is a meme coin and it aims is to kill the trend of the first memes coin called “DogeCoin” (Dogecoin is the first meme crypto coin and it has it own self Blockchain).

Shiba Inu is a “Dogecoin killer” token and is built on the Ethereum Blockchain Erc20. 

Although, Shiba Inu Token is not an independent coin as Dogecoin. Shiba Inu depending on ethereum Blockchain to function as a token. 

Shiba Inu Token has create many millionaires/billionaire in it very short period of time of it existence. 

 

Shiba Inu Token Wealth

In August 2020, Shiba Inu Token was launched with an initial price of $0.000000001335 and in August and in 27th of August 2020 it price fell downward to 0.000000000083. At this period, anyone that bought about 1trillion (1000,000,000,000) Shiba Inu Token worth $83, as at this time of writing, the person token would have worth about $42million (42,000,000 USD) as the current price of $0.000042 per Shiba Inu TOKEN in less than a year (turn $83 to $42million with the power of Cryptocurrency). Wow….. That’s huge right? Yes, it is. 

Now, can people still make money having Shiba Inu Coin?

Yeah, that’s why we are here to teach you on how to mine Shiba Inu Coin on your PC. Although, Shiba Inu is not a mineable token, but there’s a way to do it. Just keep reading…

Also Check: How to mine Eagle Network coin on phone for free

Shiba Inu token’s characteristics (as of 03/12/2021)

Name	Shiba Inu
Ticker	SHIB
Token standard	ERC-20
Market rank	SEE HOW: I am Making ₦5000 ($10) Daily with Just My One Time Payment of ₦1000 ($2) RECOMMENDED: CLICK HERE to Start Now!!!  DON'T MISS THIS 12
Current price	$0.000042
Market cap	$21,127,792,874
Daily trading volume	$4,079,122,308   EARN UP TO 255.50% APR ON YOUR STAKING ON Ubitex Exchange UBITEX INVITATION CODE: O56PCZ For 80% CASHBACK on your first Deposit on Ubitex  Register Ubitex Account HERE
Circulating supply	549,055,952,729,359 SHIB
Max supply	1,000,000,000,000,000 SHIB
All-time high	$0.00008845 (28/10/21)
All-time low	$0.000000000083 (27/08/20)
Website	https://www.shibatoken.com

It features the same dog which became a meme, and aims to replicate Dogecoin’s success of turning a joke into a money-making machine. — Susannah Streeter, Senior Investment and Markets Analyst at Hargreaves Lansdown

Key points you need to know about Shiba Inu Token

Before proceeding with the description of how to mine Shiba Inu token, we’ll mention a few important points.

• The maximum possible number of tokens was issued immediately upon the project’s launch. As such, creating new SHIB tokens and hence mining them in the usual sense of the term is impossible. However, there are ways to work around this limitation.
• The number of SHIB tokens in circulation is almost two times lower than their maximum number. The main reason for this is that, when the project was launched, the creators sent 50% of tokens to Ethereum creator Vitalik Buterin. Vitalik, in turn, donated part of these tokens to charity and sent 90% of the remaining tokens to an inaccessible address, thus burning them.
• There are currently two main ways to obtain SHIB tokens besides purchasing them: staking and mining other coins with an automatic exchange for Shiba Inu tokens. In this article, we’ll focus on the second method.

Mining Shiba Inu coin

Since it’s impossible to mine the Shiba Inu coin itself, the most convenient and easiest way to get it through mining is to use the unMineable mining pool.

How to mine Shiba Inu coin on PC

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

1. A PC or laptop with 64-bit Windows
2. An internet connection
3. A Shiba Inu wallet

Mining Shiba Inu on Windows

The unMineable pool has its own miner programme, which includes miners for both GPUs and CPUs. To start using it, follow these steps:

1.Goto unMineable.com and click the ‘Download’ button on the main page.

You will see a page that looks like this one below 

2. To download the ZIP archive with the app, click the green ‘Download’ button. If the mining files are removed or blocked by your antivirus programme, you’ll probably have to download the Main version instead. In some browsers, file downloads may be blocked because miners are considered malware by default.

3. Unzip the downloaded archive, open the resulting folder and launch the app. Before you do, you may need to add the app to the list of excluded files in your antivirus software.

4. After starting the app, click the ‘Continue‘ button, select which hardware you want to use for mining — CPU or GPU — and then click the ‘Next’ button. Please note that if you want to mine via GPU, you’ll need at least 6 GB of VRAM for Ethash mining and 3 GB for Etchash or Kawpow mining. 

5. Select Shiba Inu from the dropdown list of cryptocurrencies, enter your Shiba Inu wallet address and click ‘Start’.

 6. After you start mining, you can open the settings in the bottom-righthand corner and select the mining intensity.

To check your statistics on unMineable, you need to enter your SHIB wallet address in the search box.

How to mine Shiba Inu token with a mobile device

How to mine Shiba Inu coin on Android or iPhone

Since mobile mining apps are banned from both Google Play and Apple App Store, the app developers have no plans to create a mobile version of their app. For this reason, it’s not possible to mine Shiba Inu tokens on mobile devices because of it high energy consumption

Check Out the first Cryptocurrency that can be mined on phone without consuming any power — CLICK HERE to see it and it’s alternatives.

Is Shiba Inu mining profitable?

It really depends on many variables. When calculating mining profitability, the following should be considered:

• First and foremost, the price of electricity in your region
• The price of your mining hardware
• The current state of the crypto market and its fluctuations
• How long you are going to hold the mined coins before selling

Check Also: How to mine Star Network coin on phone

You can check Cryptocurrency mining calculators site such as minerstat.com and whattomine.com. I think these two will help you understand whether it makes sense to mine Shiba Inu in your particular case.

Thanks for checking on my page on how to mine Shiba Inu Coin.