Crypto mining guide

Crypto mining guide

Crypto mining meaning is the only way to extract cryptocurrency, the essence of which is to calculate the cryptographic signature of the block by a special algorithm. For the decoding of each block, a fee is charged. However, in order to engage in mining, it will take a lot of effort and investment. The crypto mining guide will help you to understand how to obtain cryptocurrency at home.

Equipment for crypto mining servers

Crypto mining for beginners starts with equipment. First of all, it is necessary to prepare a “base” – a high-power computer that will act as a “farm”. Recommended RAM – at least 4 GB. In the form of an optimal operating system, the miners prefer a 64-digit version of Windows (10 Pro 64-bit). There are also OSs designed exclusively for the extraction of certain crypto-moneys. For example, for Ethereum ethOS is provided.

The basis for successful mining will be GPU GPUs embedded in computer graphics cards (by no means budgetary). These are commonly used when processing 3D graphics for video games. Also, field programmable gate arrays (FPGAs) or ASICs (Application-specific Integrated Circuits) can be used. The latter is not easy to find, so it’s better to build a farm from video cards.

The success of mining cryptocurrency will be directly proportional to the computing power of the equipment for crypto mining algorithms. It depends on them the speed of calculating the next blockchain and the probability of receiving a reward. This means that the system board should be selected with the maximum number of slots for installing multiple graphics cards.

Suitable models for the production of cryptocurrency:

  • ASUS Radeon RX 580 (4/8 GB), Radeon RX 570 (4 GB), GeForce GTX 1070 (8 GB);
  • Gigabyte Radeon RX 560 (4 GB), Radeon RX 570 (4 GB), GeForce GTX 1080 (8 GB);
  • NVIDIA GeForce GTX 1060, 1070, 1080 Ti (8 to 11 GB);
  • MSI GeForce GTX 1080 (8 GB).

The main characteristic that you should pay attention to when choosing a card is the hashing speed.

Separately, there are USB-miners for bitcoin extraction: BPMC Red Fury USB, Avalon Nano 3, GekkoScience, AntMiner U2.

It is important to choose an effective cooling system in advance, as the PC will work around the clock. In addition, it is necessary to provide a stable connection to the Internet network. A prerequisite is a good ping. The power supply must comply with the power consumption.

A few technical details for crypto mining operating system

All work is done in a virtual network on crypto mining websites. It is in the computational operations, their volume is very large, and as a result of these mathematical operations the user receives a certain digital code, which is the key to creating the next block (new money). All data on this money, as well as on other similar ones, are placed in the locker, a kind of virtual storage where all transactions are recorded without exception and crypto mining taxes.

As a rule, each cryptosystem has a restriction on both the total number of coins that will be issued and the number of virtual currency units generated over a certain time interval. The number of people looking for additional earnings in this area is constantly growing, and this greatly complicates the generation of new units and reduces the profits of users who are engaged in it.

If it’s very, very simple, the algorithm of the extraction process is as follows crypto mining stocks: you download special software on your computer that, using some part of the power of your device, is engaged in calculations necessary to solve a certain task of the system. When the value found by your machine turns out to be such that it meets all the system requirements, it means that you solved the problem. The found block is added to the block system, and the one who solved the problem (it can be one person or many) is rewarded with the number of coins provided by one or another crypto network.
So it happened at the dawn of the era of crypto currency, so it is happening now. But only devices to work with each year are required more and more productive. Some coins, like Bitcoin and several other popular cryptocurrencies, are obtained only by large players, since ordinary users are not able to provide a technical basis for their mining, well, and so on. Therefore, there is a need for a constant analysis of this market in terms of its prospects for future times.