Shiba Inu: influencer TikTok exploits $ 14,323 SHIB per day on two old laptops

Recently, TikTok influencer Hai Dinho opened up about why and how he exploits the Shiba Inu ($ SHIB) at home.

What is the Shiba Inu ($ SHIB)?

Here’s how the South Korean crypto exchange Korbit described this memes-based cryptocurrency when it announced on November 23 that it was going to list $ SHIB:

SHIB is inspired by Dogecoin. Last August, the anonymous developer Ryoshi developed the motto “Experiment in decentralized governance”. Although he claims to be a Dogecoin killer as much as he compared Dogecoin, there are a few important differences except that it is a coin with a pet dog as its mascot.

First, since ShibaInu is an Ethereum-based ERC-20 token, it can be easily integrated into the Ethereum ecosystem and can be used in a variety of ways. A Decentralized Exchange (DEX) called ShibaSwap is in operation, and on top of that, a ShibaInu incubator that sponsors artists, and an NFT collection that can be purchased with ShibaInu tokens have also been launched.

Second, unlike Dogecoin, which operates on its own mainnet, which is a derivative of Litecoin, ShibaInu benefits from the Ethereum network which is verified for security.

Third, ShibaInu was distributed evenly using Uniswap’s cash pool. As a result, Etherscan confirms that token holders are indeed decentralized.

Mining $ SHIB




In a recent interview with Benzinga, Dinho explained how he got into crypto mining. Apparently, during the pandemic, he created a 12 GPU mining farm, bought eleven Helium Hotspot miners, started mining Kadena ($ KDA) using an ASIC miner, and got into staking. He also created a TikTok channel, where he talks about crypto.

On October 25, that is, three days before the price of $ SHIB hit a record high of around $ 0.00008616, it bought $ 2.5 million SHIB for $ 100. Then he did some math and figured out that he could earn a similar amount of $ SHIB if he used one or two old laptops (which he had at home) to mine $ SHIB.

According to Benzinga’s report, here’s how much $ SHIB Dinho is currently able to squeeze with his two older Windows laptops:

Dinho’s GPU miner was recorded at 22.8mph, which would produce around 12,271 Shiba Inu tokens per day. His processor-based laptop is on another mining pool (RandomX) has a recorded hash rate performance of 3,594 hashrate which collects 2,052 Shiba per day or 61,568 Shina per month according to the website.

According to data from CryptoCompare, currently (at 7 p.m. UTC on December 6) the $ SHIB is trading around $ 0.00003539, down 0.56% in the past 24 hours.

DISCLAIMER

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptoassets carries the risk of financial loss.

IMAGE CREDIT

Photo by “JacekAbramowicz” via Pixabay


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