Mining - what is it? Mining on the CPU. Earnings in the mining

The Development of human civilization is unthinkable without money. Without this universal measure of value of goods and services. As money at every stage of human development were used in various items such as weapons, stones, food and goods and, finally, coins and banknotes. But the process is not stopped, and in the XXI century the basic steel electronic money. Now in the wallet, mostly credit cards and the Internet payment systems like PayPal or WebMoney, created exclusively for electronic money circulation. But they can give way to new “money” - Crypto.

What is cryptocurrency?

Cryptocurrency was initially intended for the payment of goods and services, and this is no different from traditional money. The main difference, in addition to Anonymity calculations is Method receiving (emission) of new money units and Structure of the network storage and payment.

The cryptocurrency there is no single Bank or issuing centre, and all monetary units are stored on cryptocotyle network users. They are fundamentally different from other payment systems. Cryptococal are combined into a single network to “Bank” and payments are made directly between users without any intermediaries with the utmost confidentiality. But a new way to store tools, crypto-currencies offer a new way of issue of units of currency Hash.

Mining cryptocurrency

So, we decided to begin mining. What is it and how to make it? Mining is nothing like the process of creating a new amount of cryptocoins on a special algorithm. All cryptocurrencies based on the Bitcoin algorithm is known to all, and new cryptomonad issued to the person who finds the new Block a unique dataset for validation of payment transactions. The speed of finding the number and amount of cryptocoins of voznagrazhdeniya different in each currency in the Bitcoin system the current reward is 25 bitcoins for one new unit. The software for mining is downloaded from the official websites of cryptocurrency.

Recommended

How to get out of "Skype" on the "Android" and not only

How to get out of "Skype" "Android"? This question bothers many users. The thing is that the messenger is not so difficult. But there are features that are only for mobile versions. To log out of Skype in this case more difficult than it seems. But i...

Kingo ROOT: how to use the program to gain administrative rights on Android

The Gadgets on the platform Android regained the lion's share of the market. Developers are continually perfecting the OS, trying to fit the needs of the users, but from year to year admit palpable mistake: forbid the owner to "stuffing" of his gadge...

How to get from Stormwind to Tanaris: practical tips

World of Warcraft is an iconic MMORPG, uniting millions of players around the world. There are many locations and puzzles, secret trails and larger, but rather dangerous paths. Sooner or later, every player chose the side of the Alliance, we have to ...

How to start mining

Theoretically, the process of iterating through possible blocks can occur at any computer hardware, but in reality, the speed of mining depends on the capacity of equipment. All cryptocurrencies have a special parameter called Complexity, which is constantly increasing and makes it difficult to find a new block. To measure the speed of generation cryptocurrencies have introduced a special technical unit of measurement called a Hash. Power mining hardware is typically measured in Muhahahah (MHash) and Hahahahah (GHash). As the complexity of mining the most expensive cryptocurrency has long been unattainable on a single computer, to search for new units use the Farm and mining pools.

Farm mining

The Algorithms of mining are quite specific and require computer equipment support a variety of parallel computing. Mining on the CPU of the computer is not very effective because of the shortcomings of their architecture, but it turned out that the algorithms are successfully working on the graphic cards of ATI company (currently a division of AMD). The first generation of farms for mining was a stand with a large number of concurrent ATI graphics cards. In the early development of cryptocurrency these farms worked quite effectively, and increase their power produced simply by adding graphics cards. But the increased complexity of mining have made them economically viable.

Modern mining-farms are designed on the basis of Programmable logic arrays (FPGA), or custom ASIC processors. They are more reliable, consume significantly less energy than farms that use GPU for mining. Table comparing the performance of different generations of farms shows that productivity of new farms in the 20-30 times more, and mining for videosarah such currencies as "Bitcoin", does not make sense. The only problem is that hashing on the basis of logical matrices and the ASIC – the high cost, inaccessible to the common user.

The Pools hashing

After a sharp increase in the complexity of the most popular crypto-currencies, many were quick to draw a conclusion about inaccessibility for most users such a tempting process as mining. It is now the lot of big investors with powerful data centers, they thought. But the situation has changed for the better after the emergence of joint pooling of generating cryptocurrency. Technically, a pool is a computer network in which the mining process is distributed among all members of the network, and, accordingly, reduced the time of finding new blocks.

All blocks written to a single distributed database cryptosystem, once confirmed mining. What's the database? This is the information on payment transactions in any cryptocurrency system, it is stored and updated on all user cryptocotylar, which guarantees the stability of the system, and the loss of onecomputer from a shared payment network does not affect its performance. The reward is distributed among all pool participants.

Mining for beginners only possible in a shared pool, this is the only way for the average user to participate in the mining process and to profit from the creation amount of cryptocoins. Pools offer a variety of models of profit distribution taking into account the number and capacity of client equipment. Therefore, it is recommended to realistically assess possible mining speed on your computer. A slow computer with an outdated video card will most likely reduce the overall performance of the pool, and profit will get a small.

“Cloud” the pools hashing

Increasingly popular way of generating cryptocurrency. To get started, the user is not required to have their own equipment. Enough to pay the data center a certain computing power in the mega - or gigamesh/h and then you are finished. Data center independently allocates the ordered power level and installs the necessary equipment. Paid power will consistently make a profit in the form of a part of the entire cryptocurrency nemalenkoy data endless. You can mine any cryptocurrency, but most of the major “cloud” miners work with Bitcoin or Litecoin.

How much can you earn?

Now that we have reviewed the technical basis, let's move on to how to properly calculate the earnings on mining. The possibility of profitable self-hashing in real time makes no commercial sense. Even with sufficient funds to purchase a productive farm or a modern ASIC miner, it is better to include them in the General pool. Or invest in cloud pool and get rid of problems with maintenance and modernization. If you choose reliable pool, it is quite possible to earn in a month 300-500 dollars on Bitcoin mining or Litecoin.

The Right pool selection is the most important thing in such a complex activity as mining. Reviews about the pools rather contradictory and, basically, are General in nature without any specifics. It's quite an indoor activity, and profit margins are usually not publicized. But with perseverance everything can be found.

Now the market is still relatively new cryptocurrency with a low ongoing complexity and hardware requirements, handing out hundreds of coins to the owners of obsolete equipment. But it must be remembered that the real value in the stock market, all these currencies have not, and such activity in the hope of a possible profit in the future is very similar to the speculative mining. That it has nothing to do with normal operation, I think, is clear to all market participants.

Also note the size of the commissions will be not good if they swallow most of the profits.

Follow the situation on the market of cryptocurrencies

Constantly look for more profitable options of mining and cashing out of crypto-currencies, consider the possible legislative consequences of cryptoengine, check the reputation of kryptomere and exchange offices. Follow the news: the stock market is developing dynamically, and it is very important not to miss a promising currency. Mining requires constant attention and time. Set the remote access to the miner using a tablet or smartphone, for example, Teamviewer for monitoring from anywhere in the world.

All Profitable mining!