What is cryptocurrency mining?

The Mining allows to get bitcoins or alternative cryptocurrency with use of the specialized equipment. Fiat money can be printed on the machine in printing house, electronic – only duplicate usual, digital – pass much more difficult way and have cardinal differences from classical, but their production is available actually to all users of personal computers.

Mining

The term Mine is in a general sense used for designation of production something similar to work of miners. Concerning production of cryptocurrencies is rather difficult process meaning maintenance of functioning of network through creation of cells of a blockchain, a successful completion of a chain by means of search of a key – the digital signature. The considerable computing capacities consuming large amounts of energy are involved in all operations. Repeated transactions are excluded. Mayner can count on an award in one unit of a certain cryptocurrency after the found hash, that is digital designation of the solution of a task — is recorded. At the same time it is necessary to support a condition of integrity and to provide smooth functioning of network and system.

Milestones of production of cryptomoney

The founder of Bitcoin with a nickname Satoshi Nakamoto has designated the top ceiling of a maximum of issue and need of recalculation of complexity of getting of bitcoins through a two-week interval. Such steps are designed to protect cryptocurrency from inflationary processes, but the requirement of use of more and more powerful units was the back of a medal. Even completion date of an era of BTC which will come in a century is defined. In several years after the invention of bitcoins it became much more difficult to leave in a profit. 2012 became critical point when the most powerful individually used processors (CPU) became unprofitable. The first farms – installations, the uniting number of the strengthened video cards which has become today the habitual phenomenon have begun to appear. There was a specialized equipment for a mining – asik (ASIC) for example of Antminer S9 or the model is more newer. Now on the personal computer or if the single video card operates — in a day it turns out to namaynit less than a dollar. Thus usually do altcoin, for example: DigitalNote, FantomCoin, Monero.

How to enter a mining

The owner of any computer if desired can involve all capacities of the processor, buy the corresponding video cards and start production of the chosen information coins. It is necessary to remember that the expense of the electric power reaches very big sizes. Now it is much more effective to enter association of mayner – one of pools thanks to what search of the digital hash closing the block accelerates considerably and facilitated.