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hashss-home-blog · 3 years ago

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How do BTC miners make money?

Now when it comes to mining, almost everyone will think of Bitcoin, so what exactly is mining? It can make countless people crazy and scramble to participate in it, and mining can indeed get bitcoin. According to the current bitcoin cash price, if you can dig a bitcoin, you can get a lot of money. I want to find out The connection between mining and Bitcoin needs to be clear. Bitcoin is a peer-to-peer virtual digital currency, and the transaction information of Bitcoin needs to be broadcast to the entire Bitcoin network. Once there is a payment transaction, there will naturally be bookkeeping. In this link, because Bitcoin is a point-to-point transmission, it means that the Bitcoin trading system is decentralized, and there is no institution to book the payment network. Anyone, mining is actually fighting for the right to bookkeeping. Miners are bookkeepers. A block formed by packaging multiple transaction information is a ledger. Multiple blocks are linked to each other, forming a blockchain. Due to the nature of the link, this ledger will never disappear, so now there are two questions: why do you want to be a bookkeeper and who can be a bookkeeper? Bitcoin, at the beginning, the reward for each block was 50 Bitcoins, and now it is worth more than 10 million US dollars, but Satoshi Nakamoto, the father of Bitcoin, set the reward for bookkeeping every four years from the beginning. It will be halved. Through the initial reward of 50 bitcoins, the final reward amount can be calculated, that is, the circulation will be constant at about 21 million. It is no wonder that such a generous reward will make people crazy, but not everyone can do it. To become a bookkeeper, Satoshi Nakamoto put forward the concept of proof of work at the beginning of the design. In fact, it is to do a difficult math problem, solve the problem, you can grab the right to bookkeeping, and you can get rewards. This is Since the connection between mining and Bitcoin is a difficult problem, it is very difficult to solve. It can only be continuously tried through the computer, and the final result can be obtained by changing the random number. Therefore, the stronger the computing power of the computer, the easier it is Calculate the result, so bitcoin can be mined, but it is very difficult to mine. Now the bitcoin reward has gone through three halvings, and the 50 bitcoin reward for each successful accounting before is only 6.25 bitcoins now. , coupled with the increase in the cost of hardware, the cost of mining has also risen, but on the other hand, the price of Bitcoin has increased by tens of millions of times from less than 0.1 $ per piece to now 40,000 $ per piece. So this is also the reason why countless people want to become miners, but as more and more people begin to understand, and a large number of professional institutions enter the market, ordinary people who want to build their own mining machines may not be able to mine for a year. Come out, many countries around the world have banned bitcoin mining, and countries where mining is legal have also strictly restricted the use of mining electricity, so ordinary people who want to be miners need to join a reliable and powerful organization

What are the best options for BTC miners?

If self-purchased mining machines and hosting are only suitable for large-capital players and institutions to participate,

Then cloud computing power mining, this kind of operation is simple, and the entry threshold is low, it is most suitable for novice to join, what is cloud computing power mining, budget rate mining is a large-scale mining farm dividing its own free mining machine computing power by dividing It is rented to miners. Users do not need to touch the mining machine. They can directly download the software of the platform and realize one-click mining by purchasing the computing power of the mining machine. Exchanges, transaction realization, and cloud computing power mining can quickly withdraw funds for the platform. For miners, the right to use the mining machine’s computing power can be purchased at a cost lower than the market price to achieve daily To mine Bitcoin, you don't have to worry about power outages, internet disconnection, national restrictions, and various related problems that will be encountered in physical mining. The premise is that you must find a strong and reliable platform.

Therefore, if you are looking for a strong cloud mining institution to join, then you can completely trust Cremello, Cremello Currency Management is a global blockchain cloud mining investment company. The company's operations focus on cryptocurrency trading, foreign exchange, stocks, and investment services on a global scale. The platform is a very well-known cloud mining and investment company. As one of the most important crypto programs managing the mining ecosystem, it provides the best services. The company's digital currency or cryptocurrency mining has entered a new era. Since its establishment, its popularity has soared, and its members have grown rapidly. Focusing on the interests and safety of members, it provides members with simple and fast mining operations, and uses their free The computing power of the mining machine is sub-leased to the members. Members directly purchase the computing power of the mining machine through the platform to realize one-click mining. The coins mined every day are received on time, and you can refer to the exchange and trade at any time. Realize.

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