Apple WWDC 2022: Can You Mine Bitcoin on MacBook M2 Chip?

Place/Date: - June 9th, 2022 at 5:06 pm UTC · 8 min read
Source: KuCoin

Apple’s annual WorldWide Developers Conference (WWDC) is already here; it begins on Monday, June 6th, and runs through the 10th. In-person attendance will be limited; most participants will do so online. So, what surprises does Apple have in store for us?

Moreover, Apple’s WWDC 2022 event is entirely focused on software and developers. The new versions of Apple’s various operating systems that power its phones, tablets, watches, computers, media players, and possibly other devices should excite everyday users.

However, the main focus of crypto traders is whether the latest hardware and software changes will allow them to mine Bitcoin using the MacBook M2 Chip or IOS16. So, let us find out.

What to Expect at WWDC 2022: M2 Chip & IOS16

Apple’s WWDC 2022 event, as usual, had plenty to choose from, starting with the latest version of Apple’s iPhone operating system, iOS 16, and its latest chip, the M2, to the newest hardware.

That puts it all in (or on) your hands – in this case, the new MacBook Air and MacBook Pro 13. One of the most prominent new features is Safety Check, which is meant to help people in danger of domestic violence.

Key Highlights of the Apple WWDC 2022 Event

At the Worldwide Developers Conference (WWDC) 2022, Apple’s second major annual event, the Cupertino-based company announced a slew of new products, including a software update for its iPhones and the introduction of a buy now, pay later service.

The tech titan unveiled a new car dashboard that will be available in new models from Jaguar and Ford. In addition, Apple also released a slew of collaboration and data security features.

The following are the major product launches made at the event:

MacBook Air and MacBook Pro 13

Apple has redesigned the Air for the first time in ages, with the M2 chip in mind. The new MacBook Air weighs only 2.7 pounds and is 11.3 inches thick. It has a 13.6-inch liquid Retina display and a Magsafe charging system, and a headphone jack is also included.

The MacBook Air will be available in gray, gold, silver, and blue for $1,199, whereas the MacBook Pro starts at $1,299. Both laptops will be available in the coming month. Apple continues to sell the M1 MacBook Air, which starts at $999 and includes a $100 education discount.

iOS 16: Buy Now Pay Later

iOS16, the new version of the iPhone’s operating system, emphasizes customization. That includes a refreshed lock screen with new widgets, increased personalization, and a new approach to notifications.

Further updates to the Wallet include more wireless key partners, such as car manufacturers, as has tap-to-pay on iPhone for contactless payments and Apple Pay Later.

Apple Pay Later allows users to pay with Apple Pay wherever accepted and pay in four installments over six weeks without incurring additional fees.

The iOS will include new CarPlay updates, such as new gauge clusters. Automakers such as Jaguar Land Rover and Ford Motor Company will integrate the feature into their vehicles.

Bitcoin Mining: How do People Earn Money from it?

What is Bitcoin Mining?

Bitcoin mining is the process of creating fresh Bitcoins and putting them into circulation. Through Bitcoin mining, the network confirms recent transactions and is an important part of keeping the blockchain ledger up to date and making it better.

“Mining” is done with sophisticated hardware to solve a complex computational math problem. Therefore, the first computer to solve the problem receives the next block of bitcoins, and the process is restarted.

How to Earn Money with Bitcoin Mining?

The leading cryptocurrency Bitcoin is a “decentralized” cryptocurrency and it does not rely on any central authority, such as a central bank or government, to oversee its regulation because many users worldwide share these responsibilities.

Bitcoin miners receive a reward, an incentive, or a profit in the form of Bitcoin. Miners help with the primary goal of mining: legitimizing and monitoring Bitcoin transactions to ensure their validity. It’s called completing the “block” of verified transactions that are later added to the blockchain.

Can You Mine Bitcoin on MacBook M2 Chip?

With the release of the Apple M2 chipset, cryptocurrency enthusiasts are eager to learn if the M2 chip can be used to mine Bitcoin.

About M2 Chipset

M2 kicks off the second generation of Apple’s M-series chips and expands on the outstanding features of M1. Apple claims that the new chip adds even more performance and capabilities to Apple’s most popular Mac notebooks, the MacBook Air and the 13-inch MacBook Pro, thanks to industry-leading power efficiency, a unified memory architecture, and custom technologies.

This M2 chip helps to improve core processing performance by 18% over the M1 without compromising battery life in the company’s new MacBook Air and 13-inch MacBook Pro laptops.

Can You Mine Bitcoin Use Apple’s M2 Chipset?

The first thing to keep in mind is that you don’t want to be mining in the background using your Macbook or any other windows laptop. The cryptocurrency mining application degrades the machine’s performance for anything else, including casual web browsing, so you should only use the mining app when you’re not using your Mac.

The Apple Macbook M1 chipset produced just over 5Mh/s (mega hash per second), which looks better when considering the total power draw of only 17W. After accounting for electricity costs, a crypto calculator reveals that the profit is only $12.82 per month or approximately 42 cents per day. So if you bought a MacBook Pro solely for mining, it would pay for itself in about 10 years.

Apple’s newly designed central processing units M2 account for the 18% speed increase. Unfortunately, mining Bitcoin using a MacBook Pro M2 chipset won’t be possible.

You will need to purchase mining hardware designed specifically for Bitcoin mining. However, most Bitcoin mining hardware is readily available on Amazon. Bitcoin mining hardware, such as graphics processing units (GPUs), field-programmable gate arrays (FPGAs), and application-specific integrated circuits (ASICs), is critical.

With FPGAs and GPUs, crypto miners can increase mining power by up to 100x while using less power, saving on large electricity bills. Bitcoin mining with anything less powerful will consume more energy than you will likely earn.

Don’t worry, we’ll show you an alternative and less expensive solution to Bitcoin mining, also known as Crypto mining.

Top Alternatives to Mine Bitcoin

Mining Equipment

KuCoin now offers cloud mining, so you don’t have to spend thousands of dollars on Bitcoin mining hardware. Before we get into KuCoin Cloud Mining, let me walk you through the KuCoin Mining Pool.

KuCoin Pool – BTC, BCH & ETH Mining Service

The KuCoin Pool platform strives to provide top-tier cryptocurrency mining services for PoW mining by allowing them to integrate individual hash rate in exchange for a stable and sustainable mining reward. For the past six months, the KuCoin Pool platform has supported BTC, BCH, and ETH mining services in PoW mining.

Key Features of KuCoin Pool

  • Extremely Low Mining Fee of 2%
  • Optimized Mining Algorithm.
  • Customized UX
  • One-on-One Customer Service.
  • Top-Notch Risk Control Mechanism
  • Support Diversified Token Mining

KuCoin Cloud Mining

Cloud Mining is a new remote mining model introduced by KuCoin Pool that allows most users to participate in mining while also contributing to the security of the leading network and earning BTC income.

Now you don’t have to spend hundreds of dollars buying high spec GPUs to participate in mining. Users can mine without buying a mining machine with low costs, ease of operation, and stable access to quality assets.

KuCoin Cloud Mining – To lower the barrier for users to participate in Bitcoin mining, KuCoin Pool introduces Cloud Mining, which is not only labor-saving and simple to use but can also provide a steady income and help you earn BTC easily.

Key Advantages of KuCoin Cloud Mining

  • Low investment cost and mining threshold
  • Steady Earnings
  • Easy to operate
  • 100% Earnings
  • More efficient Mining

Do you want to learn more about KuCoin cloud mining and how to use it? Check out the complete KuCoin Cloud Mining guide.

Bottom Line

Despite the launch of Apple’s most powerful M2 chipset, Bitcoin mining aka crypto mining isn’t possible. Back in time, it used to be feasible to mine Bitcoin using your computer’s CPU or high-speed graphics cards, but that is no longer the case.

With such a massive rise in mining hardware, particularly application-specific integrated circuit (ASIC) chips designed specifically for Bitcoin mining, the days of digging for digital gold through your desktop PC are long gone.

KuCoin crypto exchange which provide the cloud mining is an excellent option to save you hundreds of dollars on mining machines while still allowing you to profit from Bitcoin mining aka cryptocurrency mining by sharing a fraction of the fee.

Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.

Sign up on KuCoin, and start trading today! Follow us on Twitter, Join us on Telegram, Download KuCoin App, and subscribe to our Listen to 60s Podcast.