How to do Bitcoin Mining?

You can buy bitcoin and make investments like this, you have the chance to produce your own bitcoin by investing in the bitcoin producing machines. Bitcoin production is called mining. Extracting bitcoin, that is, mining a bitcoin is not the only goal of mining. Mining is the process of performing computation using computing power, safeguarding the system network and synchronizing every user on the system. Since the system can not be controlled from a single center, Bitcoin is used everywhere to operate the process, to watch the system, and to do business for a price, and the miners are called to do this work.

If you want to make Bitcoin mining all by yourself, you need to have a good computer system besides the knowledge. Bitcoin mining is done with the hardware of your computer. Bitcoin mining with a CPU (CPU) is now left to graphics cards (GPUs) that can run 50-100 times faster than themselves. So this means that the more powerful your video card is, the better your performance in Bitcoin mining. You can also buy or rent only systems specifically designed for mining.

What is CPU Mining?


In the early days of Bitcoin, it is possible to mining with any computer (still possible, but not financially profitable because the cost is much higher than the revenue). Even Bitcoin-QT, which we can call the official Bitcoin client, was presented to the user clearly by the mininge.

What we mean by CPU mining is the CPU of the computer being used, that is, taking advantage of the power of the central processing unit of the computer to perform the mathematical operations mentioned above, and finally obtain Bitcoin.

But shortly afterwards, more and more people became acquainted with Bitcoin and became involved in the mining movement, which increased the level of difficulty by increasing the overall transaction speed of the network. But the end of the CPU mining cycle was not just about it. There is another factor that causes this.

What is GPU Mining?

cran cards solve the mathematical problems that are required for mining Bitcoin (and some other coins), and are more efficient than processors (CPUs). This is why graphics processing units (GPUs) must be more efficient in floating point calculations, and the processes required to extract bitcoins must use these calculations extensively.

To explain this, that is why the GPUs are more effective in the mining process than the CPUs; "If GPUs are strong and fast mine workers, CPUs are more qualified, white-collar workers. CPUs are perhaps more educated and knowledgeable, but GPUs for mining are much more effective. "

ASIC Mining

If the ASIC miner nurse question is freaking out, we can get out of the mining worker example above and say something for an ASIC miner device; From the day of its birth, only the mining of mining, or even just the mining of a special material (coin) has been cultivated, consider a specialized worker in this direction.

Application-specific integrated circuits (ASICs) can be thought of as processors (and, in addition, minimal equipment consisting of power supplies, casings, etc.) specially manufactured only for tasks that are expected to be fulfilled, they are both faster and more efficient than all processor types (especially in terms of heat and energy consumption).

ASIC devices specially designed for bitcoin mining have begun to meet users from the beginning of 2013 (from April to May), and Bitcoin mining has changed irreversibly. If the GPU mining is faster and more advantageous than CPU mining, we can say the same thing for the difference between ASIC and GPU. As a result, the GPU and CPU minerals have become useless and the cycle of ASIC devices has become overcurrent. (You can still use CPUs and / or GPU mining devices to simulate altcoin, but some are more profitable, others are less profitable ...).