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Digicoin

Bitcoin mining equipments.

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When Bitcoin first started, there were not a lot of miners. Satoshi and his friend Hal Finney were a couple of the only people mining Bitcoin back at the time with their own personal computers (CPU mining)

 

Using your CPU was enough for mining bitcoin in 2009, since mining difficulty was low. As Bitcoin started to catch on, people looked for more powerful mining solutions.

 

Gradually, people moved to GPU mining. A GPU (graphics processing unit) is a special component added to computers to carry out more complex calculations. GPUs were originally intended to allow gamers to run computer games with intense graphics requirement. The mining power of one GPU equals that of around 30 CPUs.

 

 

Another evolution came later on with Field-programmable gate array (FPGA) mining. FPGA is a piece of hardware that can be connected to a computer in order to run a set of calculations. They are just like GPUs but 3–100 times faster. 

 

Finally, around 2013, a new breed of miner was introduced  Application Specific Integrated Circuit (ASIC), and these were pieces of hardware manufactured solely for the purpose of mining Bitcoin. 

Edited by Digicoin
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How I wish I knew about bitcoin at the time, It was mining the first block of Bitcoin using a laptop whose specifications are very bad nowadays and can not even run the current games !!
In any case, yes, the difficulty of mining has increased tremendously, prompting programmers and companies to invent devices with a high capacity of mining, which is still evolving constantly to remain able to mining bitcoin due to the high difficulty of mining constantly.

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Yes this are the main equipments for mining, but they are expensive and the mining as a general idea is requiring a lot energy power, so providing those is very important 

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Mining in the begging of bitcoin was very easy and you can mine a 100k Satoshi in a day with your laptop now with the price is growing up it's to difficult to mine any thing with your computer so i leave this way of earning

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5 hours ago, Goodcoin said:

Mining is now very difficult to the extent that miners are now collaborating to form mingng pool. This also makes it more difficult. Even before starting mining now, someone need to calculate if it can be profitable for him because it might not be profitable.

Yes that's it mining pool is the solution now with the difficulty of mining lonely you can't make any profit after pay for electricity you got nothing as you said

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On 12/2/2019 at 7:37 AM, Digicoin said:

When Bitcoin first started, there were not a lot of miners. Satoshi and his friend Hal Finney were a couple of the only people mining Bitcoin back at the time with their own personal computers (CPU mining)

 

Using your CPU was enough for mining bitcoin in 2009, since mining difficulty was low. As Bitcoin started to catch on, people looked for more powerful mining solutions.

 

Gradually, people moved to GPU mining. A GPU (graphics processing unit) is a special component added to computers to carry out more complex calculations. GPUs were originally intended to allow gamers to run computer games with intense graphics requirement. The mining power of one GPU equals that of around 30 CPUs.

 

 

Another evolution came later on with Field-programmable gate array (FPGA) mining. FPGA is a piece of hardware that can be connected to a computer in order to run a set of calculations. They are just like GPUs but 3–100 times faster. 

 

Finally, around 2013, a new breed of miner was introduced  Application Specific Integrated Circuit (ASIC), and these were pieces of hardware manufactured solely for the purpose of mining Bitcoin. 

This were the history of Bitcoin and innovations of computers are applied for mining more coins. It is really a lot of innovations happened back when it Bitcoin was not as popular as of now.

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i bought my first ASIC miner in late 2016. i bought some baikal mini miner to mining altcoins with x11, not a bitcoin. because i know that mining some bitcoin is difiicult back then. i get a lot of profit when mining those altcoin. after that i bought 2 Bitmain antminer L3+ to mining litecoin and DOGE. those price was rise back then. i get my ROI in 2 months.

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Mining is really required with a high tier equiments, but lets said you are already mining, the first thing first your gonna face is the electricity cost, in mining if you have free electricity its good because you can really earn from it, however if do not, then your mining will just end up for paying your electricity.

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Now a days hardware mining is not much profitable to me. there need high performance hardware and need high power but I think mining is a good process for making money without taking any risk.

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It requires supercomputer means high requirements. High speed processors and graphic cards are needed. At first it is costlier due to requirements of supercomputer . But you can try that and trading as well.

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Hello my friend
The more difficult the mining becomes, the more half-bitcoin process occurs.
The current equipment has great mining capabilities, but its price is very high, and only mining companies can buy it
Thinking about mining with a graphics card is a thing of the past

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On 12/3/2019 at 3:23 PM, scorpiali said:

Mining in the begging of bitcoin was very easy and you can mine a 100k Satoshi in a day with your laptop now with the price is growing up it's to difficult to mine any thing with your computer so i leave this way of earning

I want to agree with your comments because most people mining is very easy way earn and it is trusted this mining site because it is very good mining site and i think it is better mining site

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5 hours ago, Alis said:

I want to agree with your comments because most people mining is very easy way earn and it is trusted this mining site because it is very good mining site and i think it is better mining site

Yes you can earn money bu mining and there is a lot of website who offered this service that you can use to earn money just be careful about scam website and application

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There is a farm of bitcoins - system blocks with the help of which the "production" of bitcoins takes place. This farm produces complex encoding (this is Bitcoin). Such an installation can cost several thousand dollars.

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So, there are some coins that do not need a GPU, FPGA and ASIC for mining. But for Bitcoin mining, you need an ASIC to be profitable.

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On 12/2/2019 at 11:39 AM, Goodcoin said:

This write up is really educative. I can know now that if I want to mine, ASICs are the best for mining. 

Surely this topic is very informative it will help me a great deal later on in trading

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CPU mining, GPU mining, FPGA mining, ASIC mining. Yes The tool recommended so far is quite expensive equipment with enough energy. I would buy some tools when the crypto price was cheaper, it also affected the mining price at that time.

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Sometimes you may want to mine a more profitable altcoin like MWC which is superior for scalability, privacy, anonymity and fungibility.

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On 12/2/2019 at 5:37 AM, Digicoin said:

When Bitcoin first started, there were not a lot of miners. Satoshi and his friend Hal Finney were a couple of the only people mining Bitcoin back at the time with their own personal computers (CPU mining)

 

Using your CPU was enough for mining bitcoin in 2009, since mining difficulty was low. As Bitcoin started to catch on, people looked for more powerful mining solutions.

 

Gradually, people moved to GPU mining. A GPU (graphics processing unit) is a special component added to computers to carry out more complex calculations. GPUs were originally intended to allow gamers to run computer games with intense graphics requirement. The mining power of one GPU equals that of around 30 CPUs.

 

 

Another evolution came later on with Field-programmable gate array (FPGA) mining. FPGA is a piece of hardware that can be connected to a computer in order to run a set of calculations. They are just like GPUs but 3–100 times faster. 

 

Finally, around 2013, a new breed of miner was introduced  Application Specific Integrated Circuit (ASIC), and these were pieces of hardware manufactured solely for the purpose of mining Bitcoin. 

Thanks for your info. I didnt know about it. But now that you have told me, I would look into it. 

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We cannot mining by computer alone. We need programs and devices that are expensive. In addition, we need electrical energy. The mining process has become very expensive.


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Mining within the begging of bitcoin changed into very easy and you may mine a 100k Satoshi in an afternoon together with your pc now with the price is developing up it's to difficult to mine any thing together with your laptop so i depart this manner of incomes

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I only know and use it with GPU mining, but it doesn't bring much profit, and I'm also suspending mining for new planning, it seems ASIC is the most efficient way to mine.

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GPU mining I think it's not suitable for bitcoin mining anymore, it's not a perfect choice. I appreciate ASIC and also choose ASIC to exploit.

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I think it's not suitable for bitcoin mining anymore, it's not a perfect choice. I appreciate ASIC and also choose ASIC to exploit. . I appreciate ASIC and also choose ASIC to exploit.

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