![]() When the Chinese government began investing in cryptocurrencies, it did so by announcing the creation of mining farms with tremendous processing power. The most popular are: Bitcoin Mining FarmsĪ farm is a cooperative system of several miners that come together to increase their power. In addition to the solo mining that we can perform in our homes, there are some mining strategies or methods that are implemented with the intention of increasing the probability of success by deciphering the nonce. However, for those who have never done such work, there is the possibility of hiring a specialist who assembles all the RIG components. This makes the assembly of a miner an expensive investment.Īssembling a miner is not much different from building a conventional computer. The power of the miner will be determined by the power of the graphic processing units, which is why they are installed between two and six per miner to have greater computational power. While you can buy a miner, the best way to get a new one is to assemble it part by part.Ī miner is nothing other than a computer capable of processing a lot of information in a short time.įor this, the installation of several graphic processing units (GPUs) is carried out on a motherboard attached to a processor. The miner who is able to analyze the greatest amount of data in less time is the one who is most likely to decipher the correct value. The competition is that a blockchainnetwork is made up of several miners or nodes that process the same blockchain at the same time but only who guesses the nonce will take the reward. ![]() To do this it must throw random values until it guesses the correct one. The problem is that the algorithm does not know for sure what the value of the blockchain is. The miner’s job is to analyze a blockchain to determine the nonce of the last system block in order to insert a new block referring to the new transaction. To mine bitcoins, an algorithm known as hash is used that is responsible for breaking down a blockchain and determining it in a unit of fixed length, this value is known as nonce. Mining is more a competition than anything else. The definition of mining is like an analogy to gold mining, but there couldn’t be a more wrong comparison. Mining is known as the process by which cryptocurrencies are extracted from a blockchain. However, there are countries where electricity is economical, such as China, Venezuela or Ecuador, where bitcoin mining could be quite an extra income. The main problem lies in the excessive consumption of energy, which in many parts of the world is an expensive service and makes the energy expenditure of RIG equipment excessive. ![]() ![]() #CGMINER MANAGEMENT STRATEGY SOFTWARE#The best Bitcoin mining software for Windows / MAC / Linuxīitcoin mining is one of the activities that arouses a lot of interest nowadays although it is not very profitable in most countries.How does the software to mine bitcoins work?. ![]()
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