Most likely those who extract bitcoin are also familiar with bitcoin mining. Bitcoin is one of the chains separated from Bitcoin in 2017, which is why there are many similarities between bitcoin mining and bitcoin mining. In this article we will explore bitcoin extraction method together.
Identical mining machines, similar mining algorithms, and many of the same major features in the network have made bitcoin miners, sometimes also interested in mining, for profitability discussions. The bitcoin extraction algorithm is SHA-256 and is currently extracted with ASIC devices. It is worth noting that the hash rate of bitcoin network is lower due to its less popularity than bitcoin.
In general, bitcoin extraction is performed as follows:
1- Providing a proper extraction machine for acyclic
2. Create Bitcoin Cash Wallet
3. Connect the machine to the extraction pool and start mining
Proper extraction machine
As mentioned, bitcoin and bitcoin extractors are the same. The Chinese company Bitmain is currently the largest manufacturer of bitcoin extractors in the world. The company's mines, marketed as Antminer, are among the most popular bitcoins for bitcoin mining.
Of course, in recent years, other companies, such as Watts Miner, have also begun to produce extractive devices, which has been hampered by the availability of cheaper bitmap devices.
When purchasing an extractor, it is important to consider the timing of its extraction, hash rate, and power consumption. For example, the Entire Miner is available in the S9i, S9 and S9j models, which of course have the latest powertrain.
Bitcoin extractors are available for purchase on the official websites of its manufacturers, the Amazon site and the eBay site, but due to sanctions issues it is not possible to purchase them directly. Therefore, intermediaries should be assisted in purchasing ASIC.
Important Factors in Selecting an ASIC Device
Hash Rate - The higher the hash rate of a device, the more powerful it is in extraction. In fact, the higher the hash rate, the higher the income.
Power Consumption - You must consider the amount of power consumed when selecting an extractor. Due to the high cost of home electricity, inadequate home wiring infrastructure and the inability to install extractors in bulk, you must use industrial power in extraction.
Device Price - Device price that requires some initial capital is another important factor. If you intend to carry out any extraction activities, you should consider the time of return on initial capital given the cost of electricity, maintenance, manpower, and so on.
Extract other digital currencies
You can extract additional digital currencies by purchasing ASIC machines that work with the SHA-256 algorithm. The most important mining option is bitcoin replacement, and the choice of which digital currency to mine should return to the extractive analysis of its present and future price. But keep in mind that two different digital currencies cannot be extracted simultaneously. There are, of course, exceptions to the hybrid extraction capability that can simultaneously extract two digital currencies.
Profitability review
With information such as the cost per kilowatt-hour of electricity, the hash rate of the device, the pool fee, and the power consumption of the device, one can find out whether a device is profitable or not. The digital currency extraction calculator provides the miner with the right tools to check the profitability of bitcoin mining by entering these factors.
copyright 100% @Read.Cash !!!!!!!!!!!!!