What is the crypto currency mining and what is its future?

The computer has long ceased to be a technology designed for entertainment, and a huge number of people use it to make money. To deal with the purchase and sale of crypto currency, you need to know what mining and the numerous nuances of mining are.

What is the crypto currency?

Under this term we understand the production of crypto-currency due to the use of special devices. The creation of new coins is the solution of a certain mathematical problem in the search for symbolic combinations that must satisfy a number of requirements. After the user finds a solution, he receives a reward - some amount of crypto currency. Earnings on mining require significant computer resources. There are two ways to organize prey:

1. Independent work . The user must buy all the equipment, find coins and get income.
2. Work in pools . There are certain groups in which users join, connecting their equipment. As a result, the extracted crypto currency is divided according to the share of participation.

What is a farm for mining?

The term is used to name one or many computers that are used to perform calculations in non-stop mode. The size of the farm for mining may be different, for example, located within the same apartment or occupy entire hangars. In the most advanced farms, not computers are used, but ASICs are integrated circuits that work to perform only one task, that is, the maximum effective production of crypto currency.

Is mining good?

It is difficult to find a miner who would not ask this question before embarking on the production of crypto-currency. You can divide the process into two groups:

1. Cloud mining implies the leasing of capacities on special services intended for obtaining virtual coins. It can be temporary and permanent. If you ask the experts if it is worthwhile to engage in mining, then, in their opinion, everything depends on the amount of investment and the chosen service. Every year it becomes more difficult to earn money.
2. Independent production of crypto currency requires significant investment from the user, since equipment is expensive.

Experts say that the average return on investment is about 300 days. Finding out what mining is, it is worth recalling the existence of factors that affect mining:

1. The cost of electrical energy . Ideally, if the user can receive it for free and then the return on investment will be 1.5-2 times faster.
2. The price of crypto currency . The higher this figure, the more profitable extraction. Since a large number of miners are applying for expensive digital coins, the computational tasks become much more complicated and the yield decreases.

How much can you earn on mining?

The profit directly depends on the equipment:

1. If one video card of the Radeon type is used and crypto currency is extracted such as Z-cash, then one can get up to $ 1.5 per day. Of this amount, the payment for electricity is deducted and comes out about $ 1. In this case, the video card should receive regular maintenance and the latest drivers should be installed on it.
2. We will find out how much they earn on the video card's mining, so if the best equipment from the Radeon lineup is used and the airwaves are extracted, then about $ 2 per day can be obtained. Note that the card must be stitched to the latest BIOS version and prevent overheating.
3. If the user has two powerful computers that have four graphics cards of the latest model, and uses double mining technology, extracting voluches of DEC and ETH, then you can get $ 20 for knocking.
4. Many novice users are interested in what is better to minnow, and most people who already earn money in this area are talking about bitcoins . When using a powerful specialized computer on average, you can receive up to $ 920 per day.
5. Another option is mining on the hard drive, so the profit will depend directly on its speed, such as the drive and the volume. When using expensive equipment, you can get several dollars a day.

How to start the mine?

Beginning users can begin to mine on an ordinary computer running Windows as part of a pool. There is some instruction how to crypt the currency:

1. Select fork . The main criterion is the profitability of mining (how much you can earn coins for a unit of computational complexity) and evaluate this criterion can be on such resources: coinwarz.com or dustcoin.com. Still need to consider the liquidity and encryption algorithm. Better for beginners to choose forks, which are traded on the Russian-language exchange btc-e.com.
2. Select a pool . The meaning and importance of this parameter will be discussed below.
3. Selection of the miner. If you engage in production on the algorithms SHA-256, then you can use any of the popular miners: cudaminer, cgminer or pooler cpu miner (minerd).
4. Running. To understand the process, let's look at an example - using the cgminer for Linux. At the command prompt, type: ./cgminer --scrypt -o stratum + tcp: // host_pool: port -u Weblogin.Worker (this is the name of the vorker) -p Worker_password (its password).
5. Withdrawal of earnings. Finding out how to beatit bitcoins and other crypto-currencies, it is important to point out that it is necessary to download a purse from the fork site and create an address in it for getting coins. Enter it in the "Account" section - Payout pool.

Mining program

In order to lead the process of mining virtual coins, it is necessary to choose a special program that must meet the capabilities of the system. The main options include:

1. 50Miner . This program for mining has a high-quality shell, which guarantees functionality and usability. It is considered the best for beginners. The big plus is that it does not need to be installed separately, but simply write the file to the memory card.
2. BFGMiner . Reliable and convenient program, and with its help it is possible to conduct mining using FPGA and apply the power of video cards. With this software, you can change the speed and frequency settings of the cooler.
3. Ufasoft Miner . The program has the form of console software and benefits include the ability to adjust information, set the computer's temperature and the availability of different ways to receive money.

The best pools for mining

To understand how to obtain a crypto currency, it is important to understand all the terms. If you are interested in what a pool is in the mining, it is the server that deals with the distribution of the settlement problem between all the participants. Of great importance for profit is the pool commission, that is, the percentage of the block amount that gets to the pool when mining. In addition, it is worth paying attention to the commission from the transaction during the withdrawal of coins. On the chosen pool it is necessary to be registered, create a login and the password for the vorkers, which quantity should coincide with number of computers.

Mining equipment

To earn good money on the extraction of crypto currency, it is necessary to make large investments and to a greater extent it concerns the purchase of equipment. Finding out what is needed for mining, it is worth noting that there are two options:

1. Acquire a specialized complex ASIC. This equipment is intended for the production of crypto currency, but it is expensive, and waiting for delivery will be up to several months.
2. Buy all items separately. The following components will be needed: several video cards, a motherboard, a powerful processor, a power supply, a capacious hard disk and additional memory.

Motherboard for Mining

Manufacturers regularly update the equipment, introducing improved options. Components for mining should meet the criteria and among all you can distinguish such motherboards:

1. AsRock H81 PRO BTC R2.0. The board is designed specifically for mining. The features include the presence of six sockets. Still there is an opportunity to work with processors for slots LGA1150.
2. AsRock FM2A58 + BTC. This option is recommended for systems running on AMD chips. You can build on five video adapters. This motherboard can work with inexpensive chips. Features include an additional power connector for video adapters.

Video Cards for Mining

There are a number of parameters that you should pay attention to when choosing a video card:

1. The amount of video memory. Good performance is provided by devices that start with 2 GB.
2. Memory speed. The best video cards for mining have DDR 5 memory. They have an ideal balance for power consumption and processing power.
3. The width of the tire. To ensure a good speed of mining, you must choose an extension with a 256-bit bus.
4. Cooling. This parameter is important, since the card's power depends on it.

Power supply for mining

Many beginner miners make a big mistake and do not pay enough attention to the choice of such equipment. The BP for mining should have enough PCI-E power connectors, for example, if there are six video cards, then there should be the same number of independent cables. Beginners, figuring out what mining is, and what equipment you need, are interested that it's better to buy one powerful power supply or install a few with less power. The first option is correct, since the technique must be switched on and off at the same time.

The Future of Mining

To understand this topic, it is necessary to pay attention to several facts. Explaining what this mining is, it is worth emphasizing that with each year of reward for getting a new bitcoin-block is reduced, that is, earning huge amounts becomes more difficult. At the same time, the number of unallocated blocks is reduced and more resources and time are needed to calculate them. Prospects for mining consist in the continuous development of technologies that increase productivity.