Bitcoin is very difficult to mine. It is possible with enough mining power, but it is no longer a viable point of entry for beginners. There are many other cryptocurrencies that are gaining popularity and their values are rising daily.
Cloud mining offers a mechanism to mine crypto without having to install the hardware. Cloud mining means using (generally) shared processing power run from remote data centers. That’s an ideal option for those who’re interested in mining but don’t have mining hardware
Don’t forget to update your mining software, operating system, and video card drivers to make the highest profits.
Choosing between GPU and ASIC hardware, keep in mind that If you’re OK to stick to one coin for the long run and you have an expensive equipment as well as an access to low-cost electricity – ASICs are for you. However, If you want flexibility and opportunity to mine different coins, GPUs are the […]
A mining rig is a computer system used for mining crypto. The rig might be a dedicated miner where it was built and operated specifically for mining or it could otherwise be a computer that fills other needs, such as performing as a gaming system and is used to mine only on a part-time basis.
Two types of coins there are – Minable and Pre-Mined. Mineable coins are using the proof-of-work (PoW) consensus algorithm to generate new blocks, with the Proof-of-Stake (PoS), the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Basically, PoW coins are ones that can be […]