Tag: How do you make mineable ERC20 tokens?

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.

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.

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.