what is cryptocurrency mining

CRYPTOCURRENCY MINING

CRYPTOCURRENCY MINING

CRYPTOCURRENCY MINING: This is the process of mining free crypto Satoshi, Bitcoin, Ethereum, etc. What are the 4 steps of mining?

The mining industry operates through a sequence of stages: exploration, discovery, development, production, and reclamation.

There are so many crypto mining platforms PC versions and Smartphones, some pc mining software required:

To start mining bitcoin, the following are required:

· Competitive mining computers (rigs)

· Low-cost power supply.

· Mining software.

· Mining pool membership.

Is mining Bitcoin illegal?

The legality of Bitcoin mining depends entirely on your geographic location. The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places.

Types of Mining for Smartphones 

Stormgain

Crypto Tab

Ember Fund

BTCs Satoshi

STORMGAIN:- Stormagin Cloud Mining is performed on equipment owned by StormGain and does not use the resources of a user’s device, i.e., the device’s CPU, battery, graphics cards, or other hardware resources. Users can manage and view transactions only via the StormGain app for cloud mining.

I can’t withdraw my coins. Why?

There are two potential reasons for this:

1. The minimum amount for withdrawal is 10 USDT (equivalent in BTC), check that you have mined at least this amount.

2. The mining process is still active. Withdrawals are not possible while the mining process is still ongoing. Wait until mining has finished and then withdraw.

How can mined coins be used?

All mined funds are available to use for trading only. Any profit you earn may then be exchanged or withdrawn.

CRYPTO TAB

Crypto Tab—the world’s first browser with mining features. Earn BTC without looking up from watching videos, chatting, or gaming online. Join the community of more than 25 million users all over the world already enjoying Crypto Tab Browser.

What is CryptoTab Farm?

CryptoTab Farm is a unique app to create a mining farm in

just two clicks and manage it with a phone.

The farm consists of an Android-powered dashboard and miners

connected to it.

You can start making a profit with just a single Windows or

macOS computer. Monetize unused computer resources by mining BTC.

  • No pro tech skills are required to manage a farm.
  • No need to buy any extra hardware or software.

Schedule farm work hours, adjust miners’ efficiency and get

constant long-time income!

What

the mining algorithm is used in CryptoTab Farm?

CryptoTab Farm uses a highly efficient CryptoTab Browser mining algorithm that activates only the free

resources of your computer.

More than 20 million CryptoTab users all over the world are

already earning bitcoins with us!

How to create a CryptoTab account?

You can do it right from the CryptoTab Farm app:

1. Go into the menu at the bottom of the app.

2. Tap SIGN UP at the bottom of the screen.

3. The app will ask you to sign up for CryptoTab Farm.

Tap SIGN UP.

4. You will be transferred to the website in the

browser. There you can sign up with a Google account or socials (Twitter,

Facebook, VK).

5. Confirm your sign-up depending on the chosen sign-up

method. Follow the hints to make it easier.

How to log in to CryptoTab Farm?

When you use the mobile app – your login credentials are stored

on your phone. This makes farm login happen automatically at every CryptoTab

Farm launch.

Link your farm to your CryptoTab

account in order not to

lose access to it. If you changed your phone and didn’t link your CryptoTab

account to the farm:

  • Open CryptoTab Farm app.
  • Go to the menu.
  • Go to Plans.
  • Scroll down to tap RESTORE
  •      PURCHASES.

How many farms can I have?

You can have an unlimited amount of mining farms, but there’s

only one is available in the demo mode.

How to switch farms?

If you have several farms connected to your CryptoTab account –

you’ll be asked to log into one of them when you launch the app.

You can also switch farms in the CryptoTab Farm menu by tapping

SWITCH FARM.

EMBER FUND

What is Ember Fund?

Ember Fund is the first mobile app that allows users to easily

buy into a managed cryptocurrency portfolio, without needing to hold user

assets. Our mission is to bring institutional portfolio management expertise

and technology to anyone with a mobile device. Choose from multiple indexes or

portfolios that are professionally rebalanced.

What is the minimum investment I can make in

a portfolio?

Currently, the lowest minimum deposit required is $10.

How much does it cost to invest with Ember?

Fees vary by portfolio.

For the Quant and Ember Defi index portfolios, Ember charges a

3% annual management fee, accrued as 0.25% monthly.

For the Ember Metaverse Index, Ember charges a 2.5% annual

management fee.

The Yield portfolio is entirely fee-free. You will always be

shown the fees upfront and since every transaction is done on the blockchain,

you can easily audit all of the fees charged. 

Do I first need to invest in a portfolio to

mine BTC?

No deposit is required! Feel free to begin mining Bitcoin in

Ember today! 

What are mining fees?

Mining fees are fees that credit cryptocurrency miners for

processing transactions on the blockchain and securing the network. Note that

mining fees do not go to Ember Fund.

How are you different from investing in a

crypto hedge fund?

Current hedge funds are reserved for accredited investors. This

means you need to have over $1,000,000 worth of assets or make over $200,000

per year. Most of these funds have high management fees and hold onto your

assets on your behalf. Preserving the original ethos of blockchain, our goal is

to make cryptocurrency ownership and investing approachable to everyone.

SATOSHI

 BTCs Satoshi Summary 

Future Blockchain Economy Infrastructure Bitcoin-based SATOSHI+

Consensus Algorithm

Optimal Solution for Decentralization of Smart Contract Public

Chain Authority

Current Social Problems

Currency Problems

Wealth refers to all the goods and services that can meet the

needs of human beings at all levels in society, while money does not. On the

one hand, money is the basis to engage in economic activities. Without money as

a measurement tool, there is no way to evaluate the contribution of individuals

to the entire society, and it is impossible to implement various transactions

efficiently. Therefore, the distribution of money in society will lead to the

“redistribution of social wealth. The ideal way of money distribution

should reflect everyone’s output without bias, but this is not the case.

First, central banks of various countries produce most of the

currencies. The central banks decide the total amount and how to issue the

currencies based on their research. However, no matter how comprehensive the

central bank’s research is and how talented the economists hired, it is the

incomplete observing operation of the society from a small number of people,

and their inputs and outputs cannot be exhaustive. Therefore, society is a

chaotic system, and the slightest loss could be a thousand miles away. It is

still doubtful whether the management is effective Signup and

Learn More…

PC Miners

MIDAS Mining

What is an ASIC miner? ASIC mining rigs are machines made of a motherboard, ASIC chip, and a cooling system. They’re designed specifically to mine a certain Cryptocurrency and they do it well. This hardware’s purpose is to solve as many cryptographic puzzles at a time. The primary investment into one of these could get paid for in a few months, but there is still a large problem with the noise, heat, and power demand of these machines besides, they do break down and as the machine runs 24/7, they do wear out.

What is a hashrate? A hash rate is basically a scale of how many guesses for the puzzle your mining setup can make in a given amount of time. The rate is in hashes per second (h/s) and can be decadically moved up (KH/s, MH/s,…).

Ethash is used for encrypting Ethereum and Ethereum Classic. Ethash was built to be ASIC-resistant through memory-hardness (by requiring large memory, standard ASICs couldn’t decrypt the puzzles). Unfortunately for graphics miners, in early 2018 the first ASIC miners for Ethash were introduced on the market and Ethereum eventually lost its decentralization similarly to Bitcoin.

SHA256 (or Secure Hash Algorithm) was originally designed by the NSA back in 2002. Later the algorithm found use within the Bitcoin cryptocurrency and is what runs all Bitcoin-based coins. SHA256 is a hash of 256 bits and is what miners decrypt using their mining setups which eventually validates blocks, for which miners are rewarded.

The Scrypt algorithm similarly to Ethash was designed to be ASIC-resistant, but unfortunately ASIC miners for Scrypt have entered the market and cryptocurrencies like Litecoin expect the same fate as Bitcoin or Ethereum.

Cryptocurrencies like bitcoin are already ASICs mined so nowadays mining these with a GPU is useless. If you consider that one of the best GPUs on the market go for around $400 and will give you only about 1 GH/s of power and an Antminer U2 which you’re able to get for around $20 on eBay will provide 2 GH/s, the difference is huge. Always calculate if your desired cryptocurrency is still worth mining on your type of setup.

GPUs are far better at handling parallel processing than CPUs. These computations are simple math problems at which GPUs are far better at solving. A CPU is nowadays only usable for mining coins that haven’t been destroyed by ASICs miners. Try calculating your turnout using online calculators like WhatToMine.

The DAG Epoch is what the Ethereum mining difficulty is called. In time, as the currency grows and the amount of miners increases, the mining difficulty grows. As the difficulty increases, also the memory requirements do. Mining with smaller GPUs has become impossible due to this feature which prevents ASICs mining.

Certain mining programs allow mining two cryptocurrencies like Ethereum and Pascal, Decred, etc. simultaneously. This allows you to maintain efficiency while mining both coins. When mining for example Eth+sia, mining has almost no impact on the Ethereum hashrate. You’re getting two coins at once for the same power you provide

Add a Comment

Your email address will not be published. Required fields are marked *