Cryptomoneda mining: Do you want to get rich mining Bitcoins?

Since the creation of the first cryptomoneda called «Bitcoin» mining has been and is, the vital support for the proper functioning of cryptomoneda. You’ll probably have heard of the Bitcoins mine and how some people have made a lot of money out of it, those known as’ Bitcoin millionaires’.

Mining is the process of validation and certification of information housed within transactions. Each set of transactions make up a block, which is being created by the miners and ordered in a chronological way by forming a chain of blocks (Blockchain).

Types of mine

There are many types of mining to carry out this process, the most famous of which is called Proof of Work (PoW) which in turn is the most used today, which is used in Bitcoin and most cryptomonedas.

The Proof of Work (Work test) consists of the exploitation of hardware computing power to solve very complex mathematical problems, so that it can legitimize that mining has the right to add a new block to the chain.

With every new block that is generated, the miner that has solved the problem,

Bira a reward in the cryptomoneda minada. This system of rewards serves to encourage the use of hardware in the mining of cryptomonedas, which in turn gets the sustainability and security of a Blockchain.

The reward, the amount of cryptomoneda received for each mined block, is programmed so that the supply is predictable and unaltered…
So, am I always gonna get the same amount of cryptomonedas over time?

No…

The amount of cryptomoneda you get by mining can vary mainly depending on the difficulty (aunq

and also how the supply of the reward in time has been programmed). The difficulty is the increased complexity of the mathematical problems to be solved, which are programmed to vary according to the total computation power of the cryptomoneda. When more computation power is added to it dedicated to the mining of the coin, it increases the difficulty (you will get less amount) and, if the opposite happens, that the amount of computation power of the cryptomoneda decreases, the difficulty will decrease (you will get more with the same computation power).

Most of the cryptomonedas are decentralized (although they also exist to

Centralized lgunas such as Ripple (XRP), We talked about it when we explained what the blockchain is.), i.e. they are not the property of any specific person. For these decentralized cryptomonedas it is not possible to avoid the entry or exit of the hardware dedicated to mining, so the difficulty maintains the programmed balance in the amount of blocks that are mined in time (each currency has a different block creation time), regardless of the power of total computation and therefore also the distribution of rewards among all miners, to itself as in time, without the need

trust.

Due to the constant increase in difficulty, small miners are grouped in «problems«to cooperate, grouping the power of individual computation to form a collective, getting to be able to compete with the other miners (for you have a minimum of individual computation power, you will not be able to solve a block) and get rewards faster. This does not mean that you get a greater number of coins, you will simply get the same but distributed at lower time intervals.

Different mining equipment for different purposes

Following the PoW method we discussed before, it can be mined with the following type of hardware:

ASIC: Equipment manufactured and dedicated exclusively to the mining of cryptomonedas according to its algorithm, this means that each ASIC is programmed for a particular algorithm and therefore you can only mine the cryptomoneda that uses that same algorithm.

text-design: justify «> This option is much more practical than mining with GPUs but you are limited to the algorithm for which the ASIC you have developed.

GPUs: Graphical card mining allows any cryptomoneda to be mined with any algorithm. Mounting and configuration is a more tedious process than with other options, but with the ability to be very multi-purpose, so you can adapt the software and change the currency to which it is more cost-effective at every moment.

h = «366» height = «246» / >

And then there are the rigs of mining with GPUs like the one you see in the top image, which is a kind of «mini-farm ‘of mining based on several GPUs… and which is usually what people ride at home / office / garage / storage (like when they were growing marijuana, it actually generates more or less the same heat as those lamps: D).

If you’re thinking of mounting one of these but you don’t know what hardware to choose to mount it, you can use the following configuration as a reference:

What hardware do I buy?

Socket 1151 configuration

CPU: The CPU is basic for the operation of the computer, but there is no need for a large computation or multi-task capacity to carry out the functions it will perform, so we can acquire a simple:

https: / / www.pccomentes.com / intel-celeron-g3930-29ghz-box

BASE PLACA: The base plate is one of the most important components at the level of compatibility

a thus ensure the correct operation of multiple graphic cards. Also, keep in mind that on the plate the rest of the components are mounted and all depend on it, so do not spare on a good plate that does not trouble you in the future:https: / / www.pccomentes.com / asrock-h110-pro-btc

FOOD SOURCE: It depends on the energy consumed by the total set of our system we must make use of more or less power, so it is recommended to divide the energy load into various power sources for

save the efficiency of the same… and thus ensure a little the high-availability of the system, as if one of them would damage our configuration it could continue to work although with less efficiency:https: / / www.pccomentes.com / evga-supernova-g2-750w-80-plus-gold-modular

Dual cable to connect two power sources:

https: / / www.amazon.com / Secund-Power-Supply-Mining-Cable / dp / B00JIV9BRK

style = «text-align: justify» >RISER: These adapters allow you to deliver 75W to a PCI x16 interface so you can convert a conventional PCI interface with x1 speeds to x16 speeds:https: / / www.amazon.es / Alto-grado-PCI-canalizaci% C3% B3n-transmiti% C3% B3n / dp / B073TQ1D69 / ref = sr _ 1 _ 7? ie = UTF8 & qid = 1519668176 & sr = 8-7 & keywords = riser + pcie + 16x

MEMORIA RAM: The capacity of our RAM memory will vary in function

of the number of graphics cards we want to connect for the proper operation and stability of the operating system, an initial configuration could be 8GB to, later, extend the virtual memory to at least 16GB… although the virtual memory is not as efficient as the physical memory, so if you can always allow it it it is better to expand the RAM and install for example 32Gb. Also taking into account the RAM memory mark,
some for example ensure the correct operation even doing overclock (changing the timmings RAM to make it faster). One of the life-long brands that gives very good results is

«https: / / www.corsair.com / es / Categories / Products / Memory / c / Cor _ Products _ Memory» target = «_ blank» rel = «noopener» > Corsair.

GRAPHICAL CARJETH: Here comes the mother of the lamb. The graphic card will be the heart of the computation capacity when mining cryptomonedas with this method, so it is advisable in price / performance the use of medium / high-end graphic cards. To date, the market for graphic cards has increased its price to 200% due to the high demand of them for cryptomoneda mining, for the disgust of the gamers they continue to use them to play video games. <

/ p >

AMD or NVIDIA?

I would like to ask the Commission a question. gamers For many years. AMD has always been a somewhat cheaper manufacturer than NVIDIA, but they had problems dissipating the heat. However, it depends on the cryptomoneda we are going to mine, your algorithm will work more efficiently with one manufacturer or another (architecture, memory speed, latences, etc.):

AMD gained a lot of ground by using brute force to counter the lack of efficiency with respect to its adversary in exploiting hardware performance through software, so AMD has been more beneficial in the tasks of

Gross computation. Because of this, the AMD average range graphics cards were «filled» from the global market and ended up disappearing… shortly after the average range of NVIDIA also disappeared, so at this time you can only acquire the basic range for people not interested in mining and the range high / cucumber for the most professional gamers and the miners.

For example, if you want to minate cryptomonedas like Etheum (Ethash) AMD GPUs develop better with this algorithm, and if you want to mine for example ZCash (Equihash), then NVIDIA is your best choice.

«text-align: justify» >NVIDIA: https: / / www.pccomentes.com / zotac-geforce-gtx-1060-6gb-gddr5-card-graphic (Zotac Assembly with Hynix)

A fact to be taken into account is that the memories of Samsung work less efficiently than memories Hynix (Test performed by mining Etheum), so for the same energy consumption you get higher performance, up to 4 or 5 mhs of difference by mining Ethash.

AMD:

pccomentes.com / msi-radeon-rx-580-armor-8g-8gb-gddr5 «target =» _ blank «rel =» noopener «> https: / / www.pccomentes.com / msi-radeon-rx-580-armor-8g-oc-8gb-gddr5

If you finally opt for AMD, you will check that if there is stock, your price will be higher than the NVIDIA option (The price of that GPU should be around €280 -€ 320), but they have been shot by high demand as we discussed before.

CPU: To date, there are very few cryptomonedas that can be mined with CPU as they have been overcome by other technologies. The few left remain because of which

e your algorithm is specifically designed to be mined with this component. Except for these cases, no cryptomoneda is cost-effective in mining with this component due to the constant growth of dedicated hardware for this purpose.

At the beginning of the Bitcoin the mine was performed by CPU but, as the total computation was increasing, the CPUs were ‘short’ and it was necessary to use GPUs… which also ended up being short of power, so now the ASIC is used that we have commented on before.

If you want to try to mine with your CPU or your personal GPU without the need to

incurred in hardware, rigs, ASIC and others costs merely for academic and learning purposes (it is fully recommended, you learn a lot about how the blockchain works even if you are not going to make it rich), you can do it thanks to the multitude of simple and intuitive software configuration guides spread over the network (keep in mind that the workload will reduce the life of your components). For example, cryptomoneda CROAT has a single desktop application where it has an intuitive and simple interface to manage our wallets of that same cryptomoneda and mine with our GPU or CPU with 5 simple steps:

t-align: justify «> CROAT MINING: https: / / croat.pool.cat / # getting _ started

If after reading this entry you decide to make the investment you consider appropriate and you get to make money like a madman, don’t forget to come back here and make us a little donation on BTC to the wallet What you got in the bar on the right!: D