Twenty years ago, “making” money on a home PC was only associated with illegal activities. But then came the era of cryptocurrency and millions of people began to completely legal (or semi-legal) “print” digital assets on their computers.
With the development of the cryptoindustry, the power of conventional system blocks ceased to correspond to the level of computational complexity and there was a demand for special equipment for mining.
The success of a digital asset mining business depends on the efficiency of computing devices. It is important to purchase inexpensive but high-performance hardware. In addition, cryptocurrency mining hardware should be fairly simple to set up and maintain.
Mining is the decryption of a cryptocurrency block, which consists of mathematical calculations based on the results of previous solutions. A chain of ready-made blocks and transactions is called a blockchain. The block includes a set of cryptographic data, internal transfer operations, a list of miners’ wallets and a unique digital code. For the generation of a new block, miners receive a reward.
In solo mining, the award goes to the owner of the cryptocurrency mining equipment on which the side was found. When working in a pool, the profit is distributed according to the contribution of each participant. An independent search for blocks of cryptocoins is possible if there is serious computational potential.
There is a third type of cryptocurrency earning this cloud mining… For cloud mining, the user leases a certain percentage of the data center’s capacity. This method is the most comfortable, but it is associated with a greater risk of loss of investment.
In modern conditions, profitable mining of digital assets is possible on ASICs or graphics accelerators. Mining on central processors has long ceased to be profitable, and special FPGA boards, due to their high cost and unstable operation, cannot compete with video cards and asic miners.
To get the most expensive BTC coin, you need ASIC mining equipment. This is an integrated circuit device that mines a specific cryptocurrency. To mine Bitcoin, models are suitable Antminer S7/S9/D3… The main criteria for the profitability of an ASIC mining device are hashing speed and power consumption. The performance of ASICs is measured in gigaheshes and teraheshes, and the power consumption of some models reaches 2.2 kW / hour, at a price comparable to the cost of a farm for mining on video cards.
The calculation of the payback of Bitcoin mining is performed on specialized online calculators, for example, WhatToMine.
ASIKs are mined mainly by experienced prospectors with certain skills. Some companies selling mining accessories offer hardware customization services as a bonus on purchase. However, preparing for the launch of a device for ASIC mining is not particularly difficult.
Integral miners’ advantages:
Disadvantages of mining devices:
Before buying a device for mining on integrated circuits, you need to carefully weigh the pros and cons, given the narrow profile of the equipment and price fluctuations in the cryptocurrency market.
Unlike coins based on SHA256 and Scrypt algorithms, Ethereum is mined mainly on video cards, although asic machines for Ethereum and Ethereum Classic have already appeared on sale. When assembling a rig, mining components are selected according to certain criteria. You need to purchase:
The cost of a farm for mining on four video cards is at least $ 1500.
The advantages of GPU rigs are:
Of the shortcomings, first of all, it should be noted:
According to statistics, professional mining accounts for over 1% of the world’s energy consumption. The cost of electricity directly affects the profitability of mining virtual money.
A large batch of ASIKs is bought directly from the manufacturer or an official distributor. Retail customers should contact reputable online retailers and retailers. When mining with video cards, the rig is assembled by the owner. But there are specialized shops selling ready-made “drilling rigs”, which is very convenient for beginners. The cost of assembling a mining farm depends on the choice of components.
List of large companies in the Russian Federation:
The cryptocurrency business has enriched many entrepreneurs, but it is quite possible that it has brought someone to bankruptcy. The blockchain industry is not only a way of earning money, but also a new model of financial, economic and social relations. Ahead is a long period of establishment and development, but the process is irreversible.
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