There is not just one form of mining. Find your computing power battlefield.
Do not know which one to choose? 3 steps to find out which solution is best for you.
What is your main purpose?
What is your electricity price range?
What is your investment in site and O&M?
Selection not completed yet. Please complete all 3 steps.
Before making a decision, do the math first. Mining is essentially converting electricity into digital assets.
Do not be intimidated by technical terms. The essence of mining is actually very simple, just like working for the blockchain network.
Mining = global decentralized accounting service. Your mining rigs are performing trillions of calculations every second, helping the Bitcoin network confirm transactions and maintain security. In return, the system will issue you Bitcoin as a salary (block reward).
No need at all. Ordinary home broadband is enough. Mining has very low traffic requirements and mainly depends on stability.
1. Machine operation - Generate computing power
2. Connect to mining pool - Contribute computing power
3. Daily settlement - Mining pool automatically pays wages
4. Wallet/Exchange - Receive BTC and cash out
Responsible for connecting to the network and assigning tasks.
Hundreds of ASIC chips are doing crazy calculations here.
Provides high current power.
Takes away a surprising amount of heat.
K/M/G/T/P/E/Z/Y/R/Q = 10^3 increments per level. Example: 1 TH/s = 1,000 GH/s = 10^12 H/s, 1 PH/s = 1,000 TH/s.
Energy efficiency indicator: How many joules are consumed per 1 TH/s. Power consumption (W) ≈ computing power (TH/s) × J/TH. The lower it is, the more power it saves.
BTC/LTC/BCH have periodic halving; DOGE has a fixed block reward; KAS, DASH, etc. adopt a continuous decreasing curve; PoS chains (such as ETH) have no mining halving.
PoW relies on computing power competition and energy consumption; PoS relies on staking and verification nodes and does not require mining machines.
The difficulty of the entire network increases as the computing power increases, affecting the output per unit of computing power.
Operational stability directly affects profitability. Hosting can maintain high availability and maintenance efficiency.
Worried about what to do if the machine does not mine after you buy it? Do not worry, ASIC miners are hard currency.