🤑 Pools and methods of mining cryptocurrencies
In the last article we explained what mining is.

⛏ Mining methods

🥱 CPU - in the early stages of development of the Bitcoin network, mining was carried out on central processors. The difficulty of mining was minimal, and there were few network participants.

Anyone with a home PC could mine digital gold without any problems.

It is now impossible to mine BTC on a CPU due to the increased complexity of the network. However, you can mine different altcoins, such as Zephyr.

😡 GPU - mining on video cards. It is still relevant, but due to the increasing complexity of the network, maps are also fading into the background.

Video cards have much greater computing capabilities than processors, and also have their own video memory, which directly affected mining efficiency.

The cards were combined into a rig - a platform with a motherboard into which several video cards could be installed at once.

In the end, rigs were sold on the secondary market to gamers, which served to create a negative atmosphere around mining and crypto in general, since miners bought all the cards and their prices rose, and on the secondary market they sold half-dead cards for overprice.

😈 ASIC - special purpose integrated circuit. It is an iron box with a board inside, on which a lot of chips are soldered, which perform mathematical calculations. These machines get quite hot, so they have a noisy cooling system.

ASICS are created only for mining, you cannot play games on them. Expensive, but the most effective equipment in mining.

⚙️ Pools - guilds in the world of crypto

The likelihood of a single miner finding the hash of a block, given the current complexity of the network, is extremely low.

Therefore, miners unite in pools - groups of miners who combine computing power to increase the chances of solving a block. Among the CIS, the most popular pool is emcd.

The block reward is distributed in proportion to the invested power. 99% of miners mine in a pool, since there is a stable income there.

🔥150 lights - there will be something very interesting

@easymarketcrypto
🤑 Pools and methods of mining cryptocurrencies In the last article we explained what mining is.

⛏ Mining methods

🥱 CPU - in the early stages of development of the Bitcoin network, mining was carried out on central processors. The difficulty of mining was minimal, and there were few network participants.

Anyone with a home PC could mine digital gold without any problems.

It is now impossible to mine BTC on a CPU due to the increased complexity of the network. However, you can mine different altcoins, such as Zephyr.

😡 GPU - mining on video cards. It is still relevant, but due to the increasing complexity of the network, maps are also fading into the background.

Video cards have much greater computing capabilities than processors, and also have their own video memory, which directly affected mining efficiency.

The cards were combined into a rig - a platform with a motherboard into which several video cards could be installed at once.

In the end, rigs were sold on the secondary market to gamers, which served to create a negative atmosphere around mining and crypto in general, since miners bought all the cards and their prices rose, and on the secondary market they sold half-dead cards for overprice.

😈 ASIC - special purpose integrated circuit. It is an iron box with a board inside, on which a lot of chips are soldered, which perform mathematical calculations. These machines get quite hot, so they have a noisy cooling system.

ASICS are created only for mining, you cannot play games on them. Expensive, but the most effective equipment in mining.

⚙️ Pools - guilds in the world of crypto

The likelihood of a single miner finding the hash of a block, given the current complexity of the network, is extremely low.

Therefore, miners unite in pools - groups of miners who combine computing power to increase the chances of solving a block. Among the CIS, the most popular pool is emcd.

The block reward is distributed in proportion to the invested power. 99% of miners mine in a pool, since there is a stable income there.

🔥150 lights - there will be something very interesting

@easymarketcrypto