The word "mining" means a method of mining Bitcoin or other cryptocurrency. This method is based on decoding the block of the chain and solving computer problems to receive a reward in the form of a cryptocurrency. And although cryptocurrencies have appeared relatively recently, this digital currency is already very popular.
The Bitcoin cryptocurrency appeared back in 2009, after which a large number of adherents of digital currencies mastered mining - a type of earnings. Bitcoin creator Satoshi Nakamoto.
The features of such a currency include the following:
- The amount of currency is always limited - everyone knows the volume of the issue;
- Bitcoin is a complex code. Its cost varies depending on the level of demand;
- Cryptocurrency emission is not regulated. Therefore, it is available to anyone.
How to mine?
Of course, many are wondering how to mine cryptocurrency. And the mining process here can be carried out in several ways. For example, you can use your own equipment to mine digital money (only it will cost you dearly). Alternatively, you can mine in pools. Many people are now joining pools using different computing techniques to earn cryptocurrency. They divide the received profit, taking into account the accounting of the participation share.
Is it realistic to make money on cryptocurrency?
The answer will, of course, be yes. But consider three main factors, namely price, time and the number of digital coins available.
Still, it is difficult to talk about the profitability of making that kind of money. After all, it is extremely difficult to calculate the amount of potential profit. Although those who have been investing in cryptocurrency for a long time, believe that its value will grow in the future, therefore, competition will increase, other difficulties in creating blocks will begin to appear.
Earning options
You can purchase special hardware with an installed computation program. In the future, you will be using it and will receive virtual money. You can become a part of the pool, but if this is not to your taste, then you can act independently.
In the beginning, mining was easier - it was done on a video card. For the calculation, a conventional calculator was used. But now it is much more difficult to count codes, because the demand for cryptocurrency has grown. Now the power of an ordinary computer for mining is not enough.
Farms have recently begun to appear - they combine hundreds of video cards. A large education will be more profitable, and money will be raised faster. On average, a home farm in Russia can bring in up to $ 190 a month - no more.
Cautions
It is worth remembering that digital currency lacks physical value. From this and the course is unstable. The price can both skyrocket and collapse rapidly downward. If you have little money to invest, then you shouldn't invest it in new money. Indeed, in 2015, about 2,000 different cryptocurrencies were operating on stock exchanges. But each of them could at any moment simply disappear for lack of demand for it.
As you can see, it is difficult to argue what the future holds for mining. You can only make predictions and analyze current trends. In this case, expert opinions differ: for some, cryptocurrency mining is very promising, while others believe that the rate will soon fall to zero.
