BEGINNER’s GUIDE TO MINING
Last Updated on February 08, 2020
Last Updated on February 08, 2020
You arrive on ASICMinersale and don’t know where to start? Good thing this guide is here for you for these reasons:
Without going into the technical details, we will explain to you what a miner does and why he brings you crypto-currencies.
Whether it is Bitcoin or any other cryptocurrency, these cryptocurrencies operate on a blockchain, which is a register of transactions (like a digital book where all transactions are recorded from one person to another). To “note” these transactions on the blockchain and secure them, they must be encrypted.
And that’s where the miner comes in. Thanks to specific machines and high computing power, it will secure transactions on the blockchain.
These computational powers are expressed in Hash per second (MH/S, GH/S, TH/S) or in Soils per second (Sol/S, MSol/S, GSol/S). You will have understood it the more powerful a machine is to undermine the transactions of a cryptocurrency the more powerful this measure will be.
But in order to be able to offer a remuneration to these miners, each currency that can be mined gives a reward in this currency (Bitcoins for the bitcoin blockchain for example) and this is how monetary creation is done on these currencies.
And so the more powerful our mining power is on this cryptocurrency, the more we will receive cryptocurrencies as a reward. So we can represent this with a decentralized banknote sheet where everyone can participate.
To then collect this miner currency, you just need to create or have a portfolio of crypto-currencies. And to inform on your miner the address of your miner. This way, your earnings will automatically be credited to your portfolio.
For the choice of your mining equipment, know that there is today a very wide choice of cryptocurrencies to mine and therefore of mining machines.
We now have two types of machines:
Graphics card mining machines: Graphics card mining machines is the first generation machine. They are generally less profitable in a specific currency but more secure in terms of investment. It must be admitted that they are less and less used to mine on large investments because they are less suitable for mining today than ASICs, which are less profitable and less stable. Nevertheless, we know that some clients still like their flexibility because they theoretically allow to undermine any currency and the lower risk on the investment. That is why you will find HERE a selection of the most profitable graphic card miners on the market, manufactured by us.
ASIC miners: Asics miners, are second-generation machines created exclusively for mining. These are much better adapted to mining, are much more profitable, and often have a lower consumption. Today the dominance of ASICs is such that it seems rather illogical to turn to minors by the graphic card. To give you an idea of these yields, you will find a ranking of the best miners by current profitability HERE and a selection of the best miners HERE.
In addition to the most competitive prices on the European market and our wide selection of Graphic Card Machines and ASIC Miner. We are committed to several aspects to support you in your purchases. In addition to the telephone and technical support available 7 days a week, your equipment has a longer warranty period than that offered by the manufacturers.
Now that you have a better idea of how mining works, here is how to choose your miner according to your profile.
ASICMinersale Support Team
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