Unlike mineable cryptocurrencies such as Bitcoin, Ether or Litecoin, pre-mined coins or tokens are often issued by a centralised authority . There are cryptocurrencies that have been both pre-mined and are being mined.
Read moreCan you mine Ethereum tokens?
Technically, anyone can mine on the Ethereum network using their computer . However, not everyone can mine ether (ETH) profitably. In most cases, miners must purchase dedicated computer hardware to mine profitably.
Read moreCan ERC-20 tokens be mined?
Can you mine ERC-20 tokens? You can mine ether (ETH), but tokens are not mineable – we say they’re minted when new ones are created. When a contract is launched, developers distribute the supply according to their plans and roadmap.
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