Internet, which was created by Americanmilitary scientists for the transfer of highly classified information, now provides users with almost unlimited opportunities. They communicate, meet, live and even earn. Most recently, there was a new system, with its own currency and rules - it's "Mining". It soon gained popularity, since it practically does not require constant presence and participation. So what exactly is mining? What does it need and how does it work? How best to establish a business: join a community or do it yourself, with only your own resources and forces?
The answer to the question about what is mining and howon it to earn, depends on how much you are aware of the work of your own computer equipment and the process of transferring information over the Web. The basis in this system is the generation of individual parts of bitcoin (crypto currency) by building a hash.
In other words, the essence of mining is that,that a lot of computers that are not connected among themselves through a special program solve various mathematical computational problems. As a result, the bitcoins are created, which are transferred to the miners themselves for the work done.
The most interesting is that, despite the worldrecognition and popularity, the mining of bitcoins has a rather dark past. Even now, almost no one knows who exactly and when exactly invented this financial and computing system. In addition, over the past few years there have been many versions of the possible origin. However, there are also undeniable and generally accepted facts.
It is believed that it was the first time to earnseveral units of this crypto currency back in 2008. Initially, the miner was a certain Satoshi Nakamoto, a Japanese. Although some argue that this is only a fictitious personality, but in fact the first earner were several people at once. At that time, a file appeared on the web, in which the structure, protocols and principles of the peer-to-peer system operation were carefully described. And in 2009 the first full-fledged client was introduced.
For a sufficiently short time, such aa lot of admirers and followers appeared. But it is worth noting that in some countries, such as, for example, Thailand, the crypto-currency mining has been banned.
As in every professional system, herethere are several forming principles, thanks to which it is so unique and interesting. So, what is mining, you can understand by reading its main provisions:
ASIC is a specialized system created bystudent Yifo Guo. Its value and high efficiency lies in the fact that it solves one particular problem - the swapping of hashes. In addition, it is quite compact and unpretentious. But such a system is very difficult to get, because it is quite expensive, and the order will have to wait up to several months.
If you choose a more budget option, the following tools will be needed for mining:
The task is to ensure that all this conforms to the latest technologies and trends. A lot of? And what do you want? What is mining without investment? Zero without a wand.
To extract bitcoins, not onlythe newest computer equipment, but also special programs. For example, Bitcoin or CGMiner. But! In order for them to work correctly, you need to set the appropriate settings. This will greatly improve the productivity and efficiency of the process.
It is very important to configure the mining, which requires some adjustment of the equipment operation:
This is almost all the necessary parameters. They directly depend solely on the power of the selected equipment.
Bitcoins are not the only virtualmoney that can be obtained with the help of special equipment. This is due to the fact that over time, to produce crypto currency, due to many features, it becomes more complicated. Therefore, more and more financial units are being invented. Litecoin mining, like "mining" bitcoins, has the same working principle. But there are several significant differences:
Despite the clear benefit, in comparison with bitcoins, the lightning mining began to take positions. Now it's almost as difficult to get money.
The name of this Internet earnings fully corresponds to its essence. Solo-mining of bitcoins is the solution of various cryptographic equations exclusively alone.
The process of extracting a virtual currency is carried outby pooling, where several tens, or even hundreds of people, united by one network, build a proper hash. Also, those who have their own farm for mining, can work independently.
Each option has its pros and cons.It is worth noting that one can save a lot on organizations, because the pools for each transaction take a certain percentage. However, for solo-mining you need a fairly powerful computer equipment. And he can afford only a fairly wealthy person.
Before you engage in such a popular activity, you should carefully weigh the pros and cons. The advantages of this method include:
The disadvantages of this program include:
RBPPS. It differs in that the reward is credited only after checking the correctness of the calculations. Accordingly, the commission here is quite low.
PPLNS. This is payment for the last few operations that took place in the last round. Used for constant mining. The system works only for found and received blocks.
