I am asking this because l have seen so many websites online claiming to be mining the USDT that offer like 8% returns per day. What are your suggestions please?
Is it possible to mine USDT, stable coins
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Ok bro, I will try to explain: Basically USDT and other stablecoins implement a PoS consensus mechanism where USDT can only be staked. While what you find on online mining sites mostly mine Monera which then the results of user mining will be exchanged for stablecoins.
I think that Monera is being mined so much nowadays such that easily seen on the online being mined here and there for sure
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Monero can be mined with various devices such as smartphones, laptops or desktops etc. we only need to install monero software can replace some settings with the crypto we want.
I have a lot of crypto miners around me and not even once have I heard that it is possible to mine stable coins.
Stable coins cannot be mined, that is what all I know, to maintain its stability in the market. that is what I know
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The highest I have seen so far is earning stable coins through faucet sites but I have never seen anyone mining.
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All stablecoins currently run on blockchains that implement the PoS consensus mechanism, so you can stake them in a wallet or crypto exchange, so stablecoins are not mined.
Do you know any legitimate site where I can sign up and start mining.? You know there is a lot of scammers online and i hardly trust any site again.
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I am not interested in crypto mining sites/apps, they are generally scams, and the yields are also very low. It is better to focus on staking crypto either on exchanges or in personal wallets.
I too have realised that the mining of the stable coins is not available in most cases. That is why most of the cryocurrency mining platforms that claims to be mining stable coins
