Techno

This Is How Bitcoin Is Mined

how to mine bitcoin

Perhaps you are one of those people who are tempted by Bitcoin. Of course, the exchange rate has reached the figure of 800 million IDR for 1 piece of Bitcoin! Even now, the exchange rate remains stable at IDR 700 million.

Considering the very high exchange rate, you may also want to hold bitcoin. Who doesn’t want a lot of money?

So how exactly do you get bitcoin (mine)? Difficult not to mine Bitcoin? Keep reading this article to find the answer Yes!

Oh yes, to know what bitcoin is, read the following article.

What does bitcoin mining mean?

In fact, you can get “free” bitcoins. How to mine What does bitcoin mining really mean? Does that mean you have to go into a cave with a pickaxe, like panning for gold?

Luckily, you don’t have to go to a cave in the middle of the mountains to get bitcoins. All you need is a PC or computer and some software.

To understand how to mine bitcoins, it is a good idea to first study the bitcoin trading process. Digital money is exchanged on a peer-to-peer basis between users. There is no other intermediary between the seller and the buyer. Not through banks or other institutions.

Of course, to be official and secure, there must be a third party to verify this. We call the person responsible for verification the transaction registrar. Interestingly, anyone, including you, can do the recording of transactions. The prerequisite is that the tools are available, ie a PC or computers and software.

From this alone it can be seen that transaction loggers can also be referred to as miners. By recording or verifying transactions, you can create or mine new Bitcoins in return!

Although it sounds simple, registration or verification actually goes through a very complex security process. Bitcoins are protected with a high level of security, usually very complex mathematical problems.

Therefore, a very high spec and strong PC is required to solve these math problems quickly. Computers with high specifications guarantee faster decoding.

Simply put, miners help ensure that the bitcoin trading process continues and is secure.

At the beginning we mentioned the word “free”. In fact, if you do the math, it’s not too free either. The reason for this is that the consumption of electricity and resources for mining can be very large. Getting a single bitcoin can take months or even years. Imagine your PC working for mine for a year. Not to mention, high-end PCs generally use a lot of power. So yes, mining is not as pretty and easy as we make it seem. It takes a lot of capital and patience to get these bitcoin chips.

Now that we know the bitcoin mining process, let’s learn how in the following points.

Method 1: CPU Bitcoin Mining

When you start mining, you can choose which computer or PC resources you want to use the most. One of them is the CPU or processor.

In the early days of bitcoin mining, there were many processors chosen for mining. Therefore, many buy the most advanced processors for this mining process.

However, fewer and fewer choose the processor as their primary resource. This is because the time it takes to get to mine is extremely long. It can even take months before you notice small results.

So why are CPUs still used for mining today? Yes, because mining with this method is very easy to do. Even with a laptop, although not recommended.

So yes, this method is used by laid back and relaxed people who are not actually looking for Bitcoin. Well, just turn on the computer and then let the mining run slowly.

Method 2: Bitcoin mining with a GPU

Nowadays, you often hear that the most advanced GPUs are out of stock, even if they are expensive. The RTX3080-class GPU could be sold out, although the price may reach tens or tens of millions of rupees.

Examine a calibration, it turns out that GPUs or graphics cards are being attacked by bitcoin miners. The reason is that GPU mining is one of the fastest ways to earn Bitcoins.

Yes, to mine bitcoin it is faster for us to use a good GPU than a CPU. So don’t be surprised if you see a computer with 2 to 8 GPUs at the same time. The goal is no longer to play, but to mine bitcoins quickly.

The capital is really important, it can reach 50 million rupees. However, the results can amount to billions of rupees. How much, right?

Method 3: Bitcoin mining with a mining rig (ASIC)

Application Specific Integrated Circuits (ASICs) are specialized devices that are used for a single task. In this case, it is about mining digital money.

Bitcoin mining with this mining rig is very fast compared to CPU and GPU usage. Therefore, it is the most hunted, so the presence of its products on the market can be considered quite rare and very expensive.

Although this ASIC mining rig is capable of fast mining, it has also generated a lot of controversy. So powerful that mining rigs are considered unfair.

Method 4: Cloud Mining Bitcoin

Le cloud mining, as summarized by Bitdegree, is a process dans lequel vous pouvez louer les appareils d’other people (generally large companies) for the exploiters.

The duration of the location of the appareil depends on the general element of the agreement. Cette société de cloud mining possède general element of nameuses plates-formes miniières que sont utilisées specifiquement pour exploiter Bitcoin. The name d’appareils eux-mêmes peut reachdre des centaines.

Pour ceux d’entre vous qui ne veulent pas dépenser beaucoup d’argent pour exploiter Bitcoin, cette method peut être le meilleur choix. Le capital n’est pas trop grand, from US$500 to US$5,000.

Eh bien, c’est ainsi que vous pouvez utiliser pour exploiter Bitcoin. Vous-même, source méthode préférez-vous ?

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