what to mine bitcoin

started out in 2013, the technology quickly evolved, and new, more powerful miners were coming out every six months. Well, not so fast. What if I want to mine with my own hardware? In short, anyone who wants to participate in updating the ledger of Bitcoin transactions, known as the blockchain, can.

Once you have all of these variables at hand you can insert them into a Bitcoin mining calculator (as can be seen below) and get an estimate of how many Bitcoins you will earn each month. While its relatively easy to produce a hash from a collection of data like a block of transactions, its practically impossible to know what data was used just by looking at the hash sequence. This way, even small miners can join the mining game and have a chance of earning Bitcoin (though they get only a part of the reward). The reason is that Googles servers arent fit for solving the Bitcoin mining problem in the same way that asics are. The site m is particularly helpful here, showing a constantly updated list of miners and how profitable they are. Electricity cost : How many dollars are you paying per kilowatt? Once you are signed up with a pool, youll get a username and password for that specific pool, which you will use later. It currently owns mining farms located in Europe, America and Asia but exact locations are not known to the general public due to security reasons. I agree to the site's privacy policy and terms of use We hate zu hause arbeiten deutsch spam as much as you. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Theres been a lot of criticism regarding the energy consumption that Bitcoin mining employs worldwide.

WhatToMine - Crypto coins mining profit calculator compared to Ethereum



what to mine bitcoin