Can I Mining Bitcoin?
Both yes and no. Unfortunately, the days when Bitcoin mining could be done easily through desktop computers and GPUs are far away. In addition, the total processing power of the network increased with the introduction of application-specific integrated circuits, namely ASICs, and chips specially designed for Bitcoin mining.
ASIC devices
Individual miners can still earn some money with their ASIC-based devices. However, ASIC devices where Bitcoin mining is performed get very hot while working and consume a large amount of energy. In other words, you need to consider electricity and cooling costs as well as your earnings. In addition, mining has started to be done with hundreds of machines and in countries where energy is very cheap (Iceland etc.).
Cheap Electric Race
But if you think the Bitcoin price will increase in the future and you have access to cheap electricity, you can ignore the heating problem and start issuing Bitcoins for yourself. By doing this, you will learn a lot about the system and become one of the miners that will be needed in the future to ensure the security of the network. In addition, many miners both bring Bitcoins to the network, increase their earnings as a reward and enjoy the fun.
You can become a member of Binance from this link in order to trade with more than 300 cryptocurrencies and to profit from lending and staking.
However, if you do not want to manage your own devices, you can work with various "cloud mining" companies. These companies are large operations located in data centers around the world. Users buy a share of available mining power and earn as much profit as they get.
No comments:
Post a Comment