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Author Topic: Mining BTC.  (Read 430 times)
moonordoom
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November 28, 2017, 04:02:57 AM
 #21

Look up ASICs for the best hardware out there. I'm pretty sure they are coming out with better stuff as we speak for mining.
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promoza
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November 28, 2017, 10:39:56 AM
 #22

Please don't mine, useless (
wazir101
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December 24, 2017, 02:08:48 PM
 #23

There are three main hardware categories for bitcoin miners: GPUs, FPGAs, and ASICs. We'll explore them in depth below.
CPU/GPU Bitcoin Mining
The least powerful category of bitcoin mining hardware is your computer itself. Theoretically, you could use your computer's CPU to mine for bitcoins, but in practice, this is so slow by today's standards that there isn't any point.
You can enhance your bitcoin hash rate by adding graphics hardware to your desktop computer. Graphics cards feature graphical processing units (GPUs). These are designed for heavy mathematical lifting so they can calculate all the complex polygons needed in high-end video games. This makes them particularly good at the SHA hashing mathematics necessary to solve transaction blocks.
sunnyvalley
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December 27, 2017, 04:51:33 AM
 #24

I would not recommend you to do that. It is too late for mining Bitcoins from your PC at this moment. You will get nothing even you run your PC 24 hours per day. It just too difficult..
RominaViewly
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December 27, 2017, 08:29:53 AM
 #25

As far as I know, mining BTC is best done on an ASIC like the BitMain oones. You can check here by inputting the hashrate the approximate rewards : https://whattomine.com/asic in correlation with the current hashrate of the latest ASIC https://www.bitmain.com
Of course do your own diligence in regards to time spent waiting for an ASIC to arrive, the hashing power, and estimates.  
DennisStoff
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January 01, 2018, 05:23:07 AM
 #26

(Bitcoin Mining) is one way to get Bitcoin. As mentioned earlier, we can see Bitcoin as a large global cash system that stores the history of transactions (or 'money movements') from one person to another. When Bitcoin transactions are processed on the Bitcoin network - meaning Bitcoin is being moved from one person to another - one needs to make sure that all transactions are properly recorded and the cash system has been synchronized around the world.

In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world that connect to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.

To perform this processing in a secure way, the computers need to do complex calculations that make up enormous computing efforts, so it takes great energy and sophisticated special tools as well. Someone - the owner of these computers - needs to pay for these tools and electricity, so they have to get compensation from all the effort and money they spend to support this network. They get compensated through the newly mined Bitcoin. The mined new bitcoin acts as a reward and incentive for those who contribute to systems that support the transaction process.

Another way to understand this is to imagine what happens if big banks build the world's largest global transaction processing system: they'll spend billions of dollars and charge a small transaction fee to users to cover the cost of building the system.

With Bitcoin mining, the cost for this global system is divided into thousands of computers, and they cover their costs with the newly mined Bitcoin. Long story short, this is the democratization of financial infrastructure, thanks.

iagyei259
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January 02, 2018, 06:03:40 PM
 #27

Your normal Pc wont be profitable with the CPU or GPU. It is advisable you invest in hardware specifically meant for mining like antminer-s7. Remember apart from the hardware, you need budget for electricity and maintenance with a pool fees.

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