How to mine cryptocurrency and what you need for it. Bitcoin mining: the essence of the process, where to start, types and profitability of earnings How to produce bitcoins

Mining or bitcoin mining, translated means production or bitcoin mining(literal translation from English) mining- mining) - activities to maintain a distributed platform and create new blocks with the opportunity to receive rewards in the form of new units and commission fees in Bitcoins or other cryptocurrencies.

Computation is required to ensure that the same units are not used over and over again, and rewards incentivize people to spend their computing power and keep networks running.

How promising is the mining business, what are its features, where to start and what experts think about the future of cryptocurrency. The Bitcoin website provides information for a wide range of users who decide to find out what Bitcoin mining is and what types of mining exist.

This information will help you get a complete understanding of mining and ways to earn bitcoins.

TYPES OF MINING

Bitcoin mining can be roughly divided into two categories - paid and free. Bitcoin mining using computing technology - computers, is based on the computing power of the processor or video card of the latter, which in turn affects investments or costs, i.e. for the purchase of technical equipment (processor, video card) that increase the capabilities of the PC, thereby contributing to an increase in bitcoin production.

Paid mining can be done individually or jointly (by pooling the capital of several miners to purchase equipment). Free mining may eliminate additional costs and may cost the existing computing power of the PC, but is compensated by the number of simultaneously connected PCs to one single network.

Based on the nature of the methods - paid and free, mining categories can be divided into three types - solo mining, cloud mining and working in pools.

SOLO MINING

Solo mining - bitcoin mining using the computing power of the computer's video cards, which need to be increased - buy more powerful video cards to increase the capabilities of the PC. In this method of Bitcoin mining, mining using powerful video cards (GPUs) or computers with an ASIC processor architecture (integrated circuit) has become widespread.

To mine cryptocurrency in this way, you need a decent starting budget - 50 - 200 thousand rubles, if you are a beginner. On the one hand, the ASIC method seems more efficient - such installations take up little space, consume a small amount of energy, and are easy to operate.

However, these are highly specialized machines that quickly become obsolete. For this reason, farms with powerful video cards are more actively used - mainly from the Radeon RX series (470, 480...) or GTX (1000 and above).

When video cards are connected, a kind of video card farm is formed, and the method of mining bitcoins is called a mining farm. Income on such mining farms depends on the power of the equipment (the number of video cards) and ranges from 350 to 750 or more rubles per day. The payback of the project depends on the investment, for example: with an investment of 150 thousand rubles, the payback will be approximately from 7 months to 1 year.

WORK IN POOLS

Working in pools Bitcoin mining is based on uniting many users into a virtual pool, connecting their equipment to it, jointly mining and dividing cryptocurrency according to their share of participation. A pool is a site where many small miners come together and work together to mine cryptocurrencies.

The more power the pool has, the greater the chances of finding the right block and getting more coins. Each user can independently increase the power of their PC, this will affect the share of the mined cryptocurrency. This method can be used to mine not only Bitcoin, but also other alternative cryptocurrencies.

One of the popular pools can be considered. Kryptex gives you the opportunity to make money on the power of your computer and unites thousands of users. To earn cryptocurrency - bitcoin, you need to download and install software for cryptocurrency mining, which is located on the official website. Kryptex generates cryptocurrency and pays for it in bitcoins and real money.

CLOUD MINING

Cloud mining– a phenomenon that arose on the basis of the huge spread of cryptocurrencies and the use of this method of earning money by large companies. Cloud mining of bitcoins is currently one of the most optimal ways to invest.

The principle of cloud mining of bitcoins is associated with the rental of high-power equipment, where for a different amount of money you receive a certain power, which evenly mines new blocks of bitcoins. There are several honest services that pay regularly. These services have Russian-speaking technical support, which greatly simplifies the resolution of issues that arise; such services include .

Recommendations for beginner miners will be useful to everyone. The moment you start mining bitcoins or other cryptocurrency, you need to strive to reduce energy costs and achieve maximum productivity in mining virtual coins. This problem can be easily solved by combining a group of video cards on one PC and installing a cooling system.

When mining Bitcoins, you need to consider the following points:

1.If you plan to mine Bitcoin yourself or organize a small farm, it won’t work out. The money spent will never pay off. It is better to switch to mining simpler virtual coins, including Ethereum, Darkoin, Litecoin and Namecoin.

2. Independent mining makes sense if the exchange rate increases significantly, for example, to $5,000.

3. In the case of mining less popular cryptocurrencies, it is necessary to keep the exchange rate under control and mine only those currencies that are gaining popularity and rising in price. As soon as you manage to get something, you need to exchange it for a “harder” currency, for example, dollars or Bitcoin.

4. When drawing up a business plan for future earnings, take into account the possibility of purchasing mining equipment at a discount. In the future, the equipment can be sold and at least partially cover the costs.

5. Exercise extreme caution if anyone suggests cloud mining. The essence of such projects is that organizations purchase equipment and rent it to other people. In this case, the miner pays only for the use of equipment that remains at the disposal of the tenant. The final profit of such a business can be high, but in 90% of cases such cloud services are fraudulent structures. You can pay for rent at any time, but you cannot withdraw money or coins.

Alexey Russkikh

If you are stuck in 2010, when mining at home was still relevant, then this article is especially for you. Now we will talk about whether it is possible to mine digital currency at home, how to do it, and whether mining cryptocurrency on a home PC is even profitable.

How to start mining on your home computer in 2019

If you are a beginner and don’t know how to approach cryptocurrency mining, what to do and, in general, why it is needed, then mining at home is a great way to learn all this.

Briefly about where to start mining:

Select a cryptocurrency.
Open wallet.
Select a service.
Download program.
Start mining currency.

Since it is impossible to mine cryptocurrency alone without large capacities, home miners often join together in pools. These are several machines that combine their efforts to find the required block. After this block is found, the reward is distributed according to the capacity.

How much can you earn

Now to the question of possible earnings with a regular computer. Modern cryptocurrencies require power that can be provided by only one computer part - a video card. You can forget about cryptocurrency mining and your hard drive. And therefore, how much you get per day directly depends on the power of your video card.

Geforce RTX is best suited for mining now (August 2019). For example, a 2080 Ti video card. An unoverclocked card brings in about $1 a day. If you overclock and connect normal equipment, the figure will be approximately $1.7/day with proper luck. And this is if the computer runs 24/7. Agree, not the most impressive figure.

If you want to see how much a particular video card will bring, use ours. Select your card and see the indicator for each algorithm.

Having determined the hashrate, you can fully calculate the payback period of your card on the Whattomine service - http://whattomine.com/calculators. Additionally, you must indicate the price for electricity and the power of the device. The service periodically updates information (including increasing the difficulty level, reducing the fee for decrypting blocks), so you don’t have to worry about the relevance of the data.

Example of payback when mining Ravencoin (June 2019):

Why you shouldn't mine on laptops

Now a little about mining on laptops. In 2010-2011, it was possible to mine cryptocurrency on almost everything. Probably, somewhere there would be craftsmen who could make a farm out of toasters. But now everything has changed a lot. There are a lot of miners, the algorithms have become more complicated, and now in order to mine 1 bitcoin a day you will need a computer of crazy power.

It is not profitable to mine on a laptop. From the word absolutely. Especially in Russia. With the jump in the dollar, technology has become very expensive indeed.

The price of a minimally suitable laptop for mining starts from 60-80 thousand rubles. Moreover, such models will most likely have to be connected to additional video cards in order to receive at least some income.

PC or farm - which is more profitable?

Mining at home is an extremely unprofitable idea. And this is due to two factors at once:

home PCs and laptops have extremely low power for full-fledged mining;
Electricity at home is quite expensive.

As mentioned above, to mine cryptocurrency you only need a video card. That is, if you buy a full-fledged gaming, powerful computer, the cost efficiency will be 30-40%. And this is a very unprofitable investment.

And if you add to these costs the increasing costs of software, electricity and a cooling system, it turns out that mining cryptocurrency on a home PC is 3-4 times more expensive than a regular farm.

A few numbers. In order to assemble a PC that supports 2 GeForce RTX 2080 video cards, you will need about 150 thousand rubles. A full-fledged farm with 4 RTX 2080 cards costs approximately 200 thousand rubles. That is, 2 times stronger mining power costs only 25% more. And the worse the PC, the greater the difference.

This is why mining bitcoins, ether, litecoins and other expensive currencies on a home PC is now simply unprofitable. Let's look at alternatives to mining cryptocurrency on your home PC.

Home PC alternative

There is also another option - . It works on the following principle:

A large company purchases equipment.
Configures it specifically for mining.
Sells power to ordinary users.

Essentially, this is renting the power of a mining farm without additional costs. You just buy a certain% of the equipment's productivity together with other people, paying for its work. This is beneficial for those who do not have the money to buy a full-fledged mining farm.

You can use the services:

Genesis is one of the leading providers of remote mining power.
HashFlare is a cloud mining service that allows you to remotely mine digital currency. You can choose from several coins: Bitcoin, Ethereum, Zcash.
IQmining is an online mining market that appeared in 2016. The equipment is configured to mine the most profitable altcoins with subsequent exchange for bitcoin.

Cloud mining generates income of approximately 1% of daily costs. That is, the payback period is approximately the same as for full-fledged farms - 100-120 days. The only difference is that cloud mining requires from 2 to 200 dollars, and a farm will cost 3-4 thousand.

Conclusion

Technically speaking, you can now do mining at home. The only problem is that due to the large number of miners, more and more powerful equipment is needed, and ordinary computers are no longer able to cope with such loads properly.

Hello, in this article we will talk about the virtual currency - Bitcoin.

Today you will learn:

How to earn bitcoins with and without investments.
What to do with bitcoins.
How much do they earn?

Working ways to earn bitcoins

First, watch a 3-minute video that literally tells you about the Bitcoin cryptocurrency:

Earning bitcoins using a computer is becoming more difficult. Just a few years ago, when Bitcoin was just beginning its “promotion,” it was possible for anyone to earn the average salary of an office worker. Now, with the advent of the big coin, we have to come up with new ways to actually earn coins.

Mining

Mining is the extraction of currency using a video card, one of the first ways to earn cryptocurrency. It has its drawbacks, although it is considered the most reliable and profitable.

About two years ago, you could earn money thanks to a video card, which did not require any expenses. The whole point was that the currency “hunter” built gold mines in a game form, extracted gold and exchanged it for real money.

Now, in order to earn money, you need to create or buy a special computer configuration with an expensive video card. Not only will the configuration cost a lot of money, but you will also have to pay twice as much for electricity. That is why mining, as an unprofitable method, goes down a step from the top every month.

Advantages of mining on your own computer

Disadvantages of mining on your own computer

1. It is possible to sell equipment at a discount at any time.

2. Complete minimization of speculation.

3. You choose which currency to “hunt” for.

4. Automatic earnings of bitcoins.

1. Equipment handled in this manner has a high risk of breakdown. Added to all this is the low likelihood of warranty service.

2. Noise and double the electricity use.

3. It is not possible to create large farms in your own apartment.

4. Due to Internet outages, work is completely interrupted (even if it has lasted for several days), and the farm has to be started again.

The offer of mining among “hunters” is considered only if it is possible to pay half the cost of electricity or not pay for it at all.

Cloud mining

The essence of cloud mining is that you don’t have to spend money on a computer, video card, and so on. You are offered to rent computing power on remote servers. However, cloud mining has been almost completely “attacked” by scammers who successfully hide after receiving the rental payment. So be careful with this.

The purchase of capacity occurs in hashes. The computer unit increment system is identical to bytes. It is advisable to purchase Giga or Terahashi. This is a more reliable option.

The average cost of one Gigahash depends on the exchange rate. For example, in 2016, 1 bitcoin cost about $650. 1 Gigahash cost 0.0006 bitcoins ($0.47). This will be enough for a stable income of 1 bitcoin per week.

Investments

Bitcoin appeared in 2008 and its cost was negligible. In 2017, the cost increased a million times. An investment carries some risk. With a long-term investment in cryptocurrency, it is possible for the price to rise, stop, or fall.

After several years, many people regret that they did not contribute, for example, in 2013. It was at the end of this year that the price began to rise, which later rose “to the skies.”

Bitcoin farm

Mining farm – a chain of computers that perform calculations around the clock, 365 days a year. The way a farm works is that you provide a specific program with the processing power of your computer. The video cards built into the farm operate at the limit of their capabilities.

Farms occupy a pyramid position. They are beneficial only to those who started doing this at the time of the birth and “promotion” of cryptocurrency. Many people, having learned that a mining farm brings in $1,000 a month, spend fortunes on it, but what happens then?

Perhaps in the first month the farm will give you the desired money. But the fact is that over time, the computing power requested by the program and servers increases. And the power of your farm remains the same as in the first month. As a result, earnings will decrease.

In the best case, the owner of such a device begins to try to fix something, but nothing works, and therefore he has to sell the farm.

Next, the second pitfall: your farm worked hard, for example, for about six months or a year. You bought it for 100,000 - 150,000 thousand rubles, and in a year its cost due to constant work will be about 60,000 thousand rubles.

But does anyone make money on these farms? Yes, on the computing power of those who buy up hangars and completely fill them with farms. They invest several million and buy about hundreds of thousands of video cards. This brings income, but newcomers who have stepped on the second pitfall make money only by selling these same mining farms.

To avoid getting hooked by those who sell farms, ask yourself: why is he selling it if it generates income? True miners who know all the intricacies and nuances of making money will not dare to decide to sell what generates income.

How the farm works and what you get paid for

Bitcoin is a decentralized unit. It does not have a single server or developer who would do this. That is why when you download special mining software, you turn your computer into a particle of the server. And there are quite a lot of people like you. If you put all these particles together, you get a powerful server.

To give people an incentive to stay part of the server, the system pays rewards in the form of virtual currency. That is, miners receive money for donating the power of their computer to the system.

Remember that it is impossible to quickly earn bitcoins, and it is also impossible to earn them simply by placing a farm on the windowsill and minding your own business. This is a kind of investment in which you need to wait for payback, you need to constantly work on it, delve into new subtleties and monitor the rate of virtual currency daily.

Earning bitcoins without investment

It is quite possible to make money on Bitcoins from scratch, but it will take a lot of time. At the moment, there are a huge number of servers that offer free currency, more precisely, Satoshi (one hundred millionth of a Bitcoin). All you have to do is enter captchas, go to websites or watch videos. In general, a full-fledged job.

Where to earn bitcoins

Free Bitcoin servers are called Bitcoin faucets. The amount of earnings is low, but you also do not perform complex tasks. Initially, faucets were created to “promote” currency, but now they are the easiest and most popular way to make money. Plus, there is a referral program on all servers. By attracting partners, you receive additional income.

Several ways to earn currency without investment:

Bitcoin collection.

The easiest way to get bitcoins. The registered user is asked to either enter a captcha or view an advertisement, and after the action is completed, they are paid from 50 to 200 satoshi.

Typically, such faucets have a timer for entering a captcha or viewing an advertisement. On some sites, the entry can be repeated every five minutes, while on others it can be repeated every hour. Experienced “hunters” suggest setting up 10 – 20 servers for coin mining, because it is very difficult to get even an average income from one such faucet.

If you have or a well-promoted social network, then this method is just for you. You can leave affiliate links to Bitcoin faucets where a certain number of people will see them. Thus, we are back to the referral system again. For referrals, that is, partners, the service determines your percentage.

Automatic earnings on faucets.

Making money on a machine is the best option for finding virtual currency. This is a fairly simple method that is suitable for those who want to make a profit without any action at all. In order to earn money, you just need to install the special STARTAVTOBET application on your computer, and it will bring you money automatically.

What to do with earned bitcoins

If you have earned your first bitcoin, then the question arises: what to do with it? Before you start working, any server you want to register on will offer to open a wallet with which it cooperates.

This is absolutely the same system as, for example, if you paid your child’s tuition through a university partner bank: minimal commission or no commission at all, and the money will be received one hundred percent. Many Bitcoin faucets withdraw earnings automatically if you enter your wallet number.

After the first cryptocurrency has been successfully earned, it must be withdrawn. Many advanced “workers” advise not to wait for the rate to double or increase, but to withdraw the amounts immediately, because there is a huge risk of “burning out”.

Bitcoin withdrawal

It is legal to withdraw bitcoins to an electronic account. Unfortunately, this currency cannot be cashed out, but there have been cases when it was used to pay in online stores.

The following ways to receive cryptocurrency are available:

You can withdraw through exchanges.

Exchange systems have flooded the Internet. They allow users to engage in a system of purchases and sales, as well as cryptocurrency conversion (conversion is the ability of currencies to exchange among themselves). The commission on exchanges is minimal, but you need to wait until there is a buyer for your product.

A popular exchange is a great chance to quickly exchange a coin. The most reliable exchanges are those that, after registration, ask you to make a deposit and undergo verification, and only after that they provide a full list of transactions.

Exchangers.

The most reliable and proven method by many people. Almost instant payments to your desired wallets. But of course, the exchanger requires a fee for its operations.

Forums.

This is perhaps the most unsafe method of exchanging currency. It is built through a forum on the complete trust of strangers in each other. And here the chance of becoming a participant in a dishonest deal increases.

On specialized forums it is possible to find a specific person with whom you will make a transaction, but this will take some time. The advantages of this option are zero commission and instant exchange.

How much do you earn on bitcoins?

The more people mine or register for Bitcoin faucets, the less you will earn. Imagine a circle that is divided into ten equal parts. A circle is information that you need to process, and for this processed circle you pay 20 bitcoins.

There are ten people like you, and when you process this circle, one tenth of all the money will end up in your wallet. Now imagine that a thousand more people find out about this circle, which means that now the reward will be a thousand times less.

The Bitcoin exchange rate is not backed by anything and is extremely unstable. It changes almost every hour. This happens because its fall and rise depend only on two factors: buying and selling.

Example. If one person decides to sell ten bitcoins, the rate will fall quite low, and if he decides to buy them, the rate will increase. It also depends directly on the news. If a well-known information newspaper writes that they want to block the cryptocurrency, then the rate will be almost equal to the minimum.

When considering mining as an option for making money on cryptocurrency, the daily income will be about 600 rubles per day. And this is with the most powerful gaming computer. If you take a computer of average power, then the maximum income will be 50-60 rubles.

Alternative ways to make money on Bitcoins

People don’t really want to wait for their cloud mining to take off or for a certain amount of Satoshi to be collected on a Bitcoin faucet.

In order to earn 1 bitcoin per week, you can use the following methods:

Take advantage of cryptocurrency doublers.

Doublers operate on the “invest - get twice as much” system. In this case, you need to be careful and not jump into the pool headlong. Beginners who invest large sums to receive what they think is the same cryptocurrency are left with nothing.

In case of “victory” over the doubler, it is recommended to use only those servers that offer small percentages (2-3% per day). There is no need to “scroll” the money several times either. It’s better to do it once, withdraw and invest further amounts. This will be more reliable, and you definitely won’t get burned out.

The operating principle of doublers is based on the arrival of newcomers to the system who invest money. In this case, payments to existing participants continue. But such servers later turn into scams and are forgotten.

Earning money from honest services is not built on the principle of a pyramid, like future scams, but on the principle of deposits in official financial institutions, where they pay a small percentage on the account balance. In order to earn 1 bitcoin per week, you need to invest 15.

Casino.

There are small lotteries or casinos on Bitcoin faucets. With an accumulated amount of several hundred Satoshi, you have the opportunity to win at the casino and earn currency for free.

Exchange.

Traders no longer want to earn one bitcoin a week. They want the same results in a few days or even hours. Trading takes place according to the standard market system: we buy cheaper and sell more expensive.

The exchange rate does not depend on any influences. The main task of a trader is not to panic when the rate begins to decline rapidly. Just wait until the price rises again and sell. For your patience you will receive very decent money.

The process of creating Bitcoin (the only one of its kind) is called mining. This unique method is based on the fact that computational problems are solved using computers. This is not controlled by a single issuing center. By watching the video below, you can understand how bitcoins are made and what kind they exist.

How to make Bitcoins yourself

Bitcoin mining began back in 2009, at a time when the cryptocurrency was just introduced into circulation by Satoshi Nakamoto. Bitcoin, being a virtual currency, does not belong to any state. The advantage of this cryptocurrency is that it is characterized by the absolute anonymity of each wallet, as well as its reliability (steal your money almost impossible, since the data chain is constantly changing).

Each transaction is recorded in a transaction log, which is accessible to all users. Then they go to the miners, whose job is the following: selecting, among millions of combinations, only one hash that fits absolutely every new transaction, as well as the secret key.

Thanks to the key, the miner will be able to receive a reward of 25 bitcoins at a time (considering that the number of bitcoins in the world is 21 million). At the same time, there is a struggle to be the first to guess the hash of a large number of miners. After the hash is guessed, the block with all transactions is closed, and miners move on to the next one. In other words, when obtaining the hash of the next block of the blockchain cryptocurrency network, the hash function is used. The blockchain (chain of blocks) is a public ledger on which the entire Bitcoin network is based.

Bitcoin mining

The process of mining cryptocurrency becomes possible using a mining farm. A mining farm is an ordinary computer with video cards connected to it. Now there is quite a lot of news in the world about unique Bitcoin farms (the largest of them is located in Hong Kong. It is capable of producing up to 26 Bitcoins per day.

Bitcoin mining on your home computer

Few people know that bitcoins can be mined without leaving home. Then the next question arises: “How to make Bitcoins yourself?” We will tell you how to make bitcoins on your own computer.

First of all, you need to have a Bitcoin wallet where you can store virtual money.
It would be a good idea to save a file with your personal data on a flash card; it is advisable to have it on hand in paper form.
No one is immune from technical failures, and this will save you from losing your accumulated bitcoins.

If you want to really make money, a mining pool (cryptocurrency mining through joint efforts) will be a profitable business. In a pool you will not work alone, but with a group of other miners. When choosing a pool, it is worth remembering that in pools with a small number of miners, it will be more difficult to make bitcoins (in this case, they will be mined more slowly), but in pools with a large number of miners, the payout size is several times smaller. After creating an account in the pool, you should “add an employee”. Thus, you will need to obtain a separate ID for each computer that will be used.

Having earned bitcoins, you will be able to easy to exchange them to any other virtual currency. You also have the opportunity to transfer cryptocurrency to various title units of Yandex.Money, WebMoney and use it for various purposes.

Video: Cloud mining

How and where to get cryptocurrency? What is the difficulty of mining Ethereum cryptocurrency? What are the ways to earn cryptocurrency at home?

Do you follow the exchange rate of the most popular cryptocurrencies? If so, then you probably know that bitcoins increased in price by 4.5 times in 2017, and ethers increased in value by 295% in a few months. What does this mean? That investing in cryptocurrency is promising and profitable. Some of the most effective ways to make money with digital money include mining cryptocurrencies.

Denis Kuderin is with you, an expert on financial topics at HeatherBober magazine. I'll tell you what it is cryptocurrency mining at home, what types of mining exist, and which digital coins are easiest to mine.

You will also find out which cloud mining services are the most reliable and secure, and get expert advice on increasing the efficiency of your crypto mining enterprise.

1. Cryptocurrency mining at home - we earn money while sitting on the couch

Experts unanimously claim that cryptocurrency is the money of the future. True, experts disagree on when this golden time will come. Some believe that in 10-20 years, others voice more distant dates.

So far, cryptocurrency is not recognized at the official level, at least in Russia. Transactions with bitcoins, litecoins, and ethers are not prohibited, but are not legalized either.

Meanwhile, digital money on the Internet widely accepted as payment for goods and services. With this money (if, of course, you have it), you can even buy a plane.

Why is cryptocurrency so popular? The main feature is decentralization. Bitcoins and other digital money are not controlled by anyone.
All calculations are carried out according to the principle Peer 2Peer– from user to user. In practice, this means that you do not have to pay commissions to banks and payment systems.

Other advantages of cryptocurrency:

no one can freeze accounts;
there are no restrictions on amounts;
accepted anywhere in the world;
cannot be faked;
is steadily growing in price.

No one issues cryptocurrency, it is generated on its own - more precisely, it is obtained by computers by calculating the cryptographic code, which is the basis of digital money. This currency does not physically exist, but there are special registers that reflect the amount of crypto money and all transactions performed with it.

8 years have passed since the emergence of the world’s first cryptocurrency, Bitcoin. The price of BTK has increased thousands of times during this time. Dozens of other types of digital money have appeared, which, although inferior to Bitcoin in popularity, are no less promising in terms of investment.

The Internet offers many ways to earn crypto coins - stock trading, selling goods for bitcoins, etc. Cryptocurrency mining stands apart - the extraction of digital coins using computer calculations.

A few years ago, the power of a regular computer was enough to mine Bitcoins, but now the situation has changed. Because the quantityBTC on the network is limited(it is known in advance how many of them will be mined in general), calculating the code is becoming more and more difficult. It requires powerful equipment that not everyone can afford.

Bitcoin mining now requires more powerful hardware

With other cryptocurrencies, things are not simple either. Not all digital coins have commercial potential. That is, there is no guarantee that they will increase in value as steadily as bitcoins.

There are other problems - for example, mining ether is difficult due to the deliberate complication of the algorithm of this currency by its creators. Miners have to use increasingly more powerful equipment - namely, expensive video cards.

Unlike bitcoins, special ASIC chips have not yet been invented for ether to save energy costs and power. And apparently there will be no such equipment in the foreseeable future.

And yet, it is still possible to mine digital money at home. But I’ll warn you right away: the equipment is expensive, the energy consumption is colossal, and the farm’s efficiency is low. It is difficult for the average user to compete with the super-powerful Chinese mining clusters that are created on the basis of power plants.

However, professional miners still receive their income. Another thing is that some of them are starting to gradually get rid of equipment and are switching to other ways of earning digital money - in particular, .

Another alternative option is cloud mining. This is the extraction of crypto-money using rented, rather than own, equipment. Participants connect to industrial enterprises for the extraction of cryptocurrency, download special programs to their computer and receive royalties from the common pot.

For beginning cloud miners, there is another danger: among the huge number of services on the Internet, there are many fraudulent sites or intermediary services that have nothing to do with cryptocurrency mining.
At their core, these are financial pyramids with a limited lifespan. It will be possible to deposit money here without any problems, but withdrawing it is unlikely.

2. TOP 4 ways to mine cryptocurrency

With the advent of cryptocurrency, thousands of computer users around the world have a completely new remote work experience.

And although some economic and financial analysts still consider digital money based on blockchain a global experiment with unpredictable consequences, this does not prevent miners and traders from receiving daily profits from their operations.

Let's take a closer look at the most popular ways to make money on cryptocurrency.

Method 1. Cloud mining

Join already operating Bitcoin farms and receive a percentage for your participation in the common cause. A regular desktop computer or laptop (the most modern one possible) will be sufficient. You have the right to rent any quantity hashrate(power units) – the more power, the higher the earnings.

You will be required to register on a cloud mining service, install the software on your computer and configure it. Mining is carried out in automatic or semi-automatic mode. Most cloud mining services work with bitcoins, but recently sites for mining other digital coins have appeared - Dash, litecoins, ethers.

I recommend withdraw earned cryptocurrency to your wallet more often. Firstly, to check the reliability of the service, and secondly, to evaluate the result of your work. Spending bitcoins right away is not advisable. Now it is not so much a means of payment as an investment tool.

Method 2. Earning money on a video card

Let me warn you right away that professional farmers cannot get by with just one card. They have at least a dozen of these cards.

In addition to the card, you will need other equipment:

powerful power supply;
cooling system;
RAM;
adapters for connecting video cards.

It is better to connect video cards outside the computer. If you are not a hardware specialist, entrust the assembly of the farm to a professional - there is a high risk of burning equipment worth tens or hundreds of thousands of rubles.

Method 3.

This is the simplest option, which does not require any special knowledge or training.

4. Where to mine cryptocurrency - a list of cloud mining services with a good reputation

Especially for the readers of our magazine, we have prepared a review of three reliable sites for cloud mining.

Study the conditions and register.

A platform that supports the Russian language with a minimum withdrawal amount 0,0004 BTC and equivalent amounts in other cryptocurrencies. To start working, you need to purchase at least one hashrate - a unit of power, but the equipment starts working immediately after payment.

You will receive your first payments to your account within 24 hours. No hidden fees, instant withdrawal, ability to distribute power between several pools.

2) CryptoMining Farm

The service rents out production facilities for mining any cryptocurrency. An authoritative resource for professional miners.

Minimum withdrawal amount 0,01 BTC. Output forecast 0,01 BTC. The service profitability forecast is 80% per year. Designed for long-term investments (up to 15 years). There is no Russian version.

3) Hashing24

It is one of the leaders in the international mining industry. The main cryptocurrency is Bitcoin. Minimum withdrawal amount – 0.001 BTC. Many replenishment methods, including payment by Visa and MasterCard bank cards. Payments are issued regularly. There is a 24/7 support service, but there is no Russian-language version.

5. How NOT to mine cryptocurrency - 3 main mistakes of a novice miner

Cryptocurrency mining is a promising, but risky undertaking, like any business related to making money online.

Knowing about the common mistakes of beginners, you can easily avoid them.

Mistake 1. Buying video cards with insufficient power

Saving on video cards turns against the miner. It even happens that such “extraction” does not bring any tangible income - on the contrary, you only receive incredible electricity bills.

Mistake 2. Wrong choice of cryptocurrency

Not all cryptocurrencies are created equal. It happens that digital coins, after appearing promising for several months, lose popularity. And if the currency is not bought, it begins to decline in value.

To stay on trend, track current information on thematic forums and professional websites.

Mistake 3. The desire to earn everything at once

Lack of patience gets in the way of anything you do. Mining is no exception. You can’t earn a lot at once, even with colossal capacities.

The promise of quick and exorbitant profits is a sure sign of a fraudulent site.

A brief educational program and the real history of mining in this video:

6. Is it possible to mine cryptocurrency for free and without your own equipment?

It won’t be possible without any equipment – you will need a more or less powerful computer in any case. At the very least, it should be able to handle the software provided by the cloud service.

It’s another matter if you did not contact a real cryptocurrency mining farm, but an investment company of dubious nature or a financial pyramid. Here you really don’t need any equipment. But the profitability of such an enterprise for participants is an indicator that cannot be calculated.

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