People involved in cryptocurrency mining are called miners. If a person uses a bitcoin farm, it is not difficult to guess that it is a miner who produces electronic money to earn money.
Powerful equipment will be needed to start such a farm. First of all we are talking about high-power servers. The more powerful and modern processors are installed, the more cryptocurrency can be hired. For the operation of such equipment requires a competent cooling system, as well as sufficient voltage in the mains. After purchasing and installing equipment, a special program is installed on it, which is responsible for mining.
Mining: how does it work?
How is mining done? In fact, most cryptocurrencies, including Bitcoin, need a miner. In simple terms, how bitcoin works, it exists due to the fact that computer owners collect and process information about current cryptocurrency transactions. Due to this, secure transactions and uninterrupted operation of the entire temporary decentralized system are possible. Moreover, the stability of the entire system directly depends on the number and capacity of computers involved in such operations.
The principle of operation of mining farms is that any participant who processes information about cryptocurrency, receives a reward in the form of a commission. The amount of remuneration is determined by the owner of the virtual currency. On this miner and earn.
It should be understood that there are different schemes for bitcoin mining, but the easiest and most accessible way is to install software.
Today you can own not only bitcoins, but also many other cryptocurrencies. The most popular of them are:
Each of these cryptocurrencies has its pros and cons. Some are easier to own, others require large amounts of memory and so on. And when choosing a mining cryptocurrency you need to consider all the advantages and disadvantages.