What is virtual mining ? - Page 2 - For Beginners - CryptoTalk.Org Jump to content
koynayak

What is virtual mining ?

Recommended Posts

The virtual mining is different that the normal mining with your hardware it's a website who offer this service he sell the hash power to users and give them a profit from the mining but the majority of website like that are scam and beware about them

Share this post


Link to post
Share on other sites

Dear Friend

In our world there are two types of mining, mining that leads to getting real currency in your hands, and this is called physical mining, and another type is digital or virtual mining that is done on the Internet and this type is intangible

Physical mining needs large spec computers, high spec graphics cards, and fans to cool the computers because they will run for long periods and cause high temperatures.

As for virtual mining, it has its own websites that specialize in this topic, such as the Yobit platform, which gives you cryptocurrencies that enable you to trade on the Internet and are saved in your electronic wallet.

  • +2 1

Share this post


Link to post
Share on other sites

Dear friend I do not know the meaning of this word and dear friend if anyone know the meaning of this word then please tell me I wanted to know about it and I am very interested in getting new knowledge and that's the best thing of this forum that it always give us information about new things.

  • +1 1

Share this post


Link to post
Share on other sites

Friend from what I know and I am informed what virtual mining is or would come being is that it is something in which we can mine in some currency and when miners in that currency what would be done is that it is hurt as increasing that currency and amount If we had zero now that we are going to mine that coin, it will increase little by little until we have a good amount or whatever we want.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

I think that cloud mining is a new feature that has been invented because a person is unable to bear the costs of mining in terms of the price of equipment and matters related to maintenance, as he rents mining equipment in exchange for money that the specialized companies pay and as they are also in charge of maintenance issues and other things

  • +4 1

Share this post


Link to post
Share on other sites
On 10/8/2020 at 7:55 PM, Melodyc75 said:

Yobit does not sell you real miners, it is cloud mining. For this I explain that there are two types of mining are physical mining and cloud mining, where the physical one needs a good video card to be able to mine on your own, for this you must have good mining devices, while mining In the cloud, you only invest in the speed of mining, saving you the energy and noise that these devices can cause, but the disadvantage is that there are many cloud mining companies that are scams, so I suggest investigating where you invest your money and at your risk . I have not tried yobit mining yet and I hope someone who has done it can answer you, in any case this explanation will help you a little.

Thank you dear friend for sharing this useful information actually I also do not know that what is meant by virtual  mining but thanks to you for sharing this useful information and that's why I love this forum because it always gives us information about the new things and I know about cloud mining and normal mining.

  • +2 1

Share this post


Link to post
Share on other sites

I think that this is one of the offers that the platform offers, which is that you buy a mining deal for profit through it monthly, daily or weekly, a certain percentage of the capital that you paid

  • +3 1

Share this post


Link to post
Share on other sites

Hello dear members I hope you all are good and doing great work on the street from first of all I want to tell you that to all of you dear brother I did not hear about this before your post eating seniors in all members can help out you better about this

Share this post


Link to post
Share on other sites

Dear, the virtual mining process will prepare for a new profit, as it will contribute to the projects being very popular and strong, as well as virtual mining. Purchase of mining plans. Mining has many advantages, given that it does not need any energy or manufacture, that is, it does not need special devices and therefore there is no risk to The environment

  • +2 1

Share this post


Link to post
Share on other sites

Cloud mining is websites that allow you to mine some cryptocurrencies without effort or any other devices unlike physical mining which requires great and expensive potential.

  • +2 1

Share this post


Link to post
Share on other sites
On 3/21/2021 at 7:06 AM, Jami ss said:

My friend I want to tell you that when you go for the investment or when you go for the trading on this forum first of all you should to get the proper knowledge about that that is very beneficial for you Tu best of luck gentleman on the this forum

My friend, I am very grateful to you for sharing your views with us, which has inspired us a lot. I would like you to continue your work and encourage your new members.and i am agree with you about that. Thanks for the topic. 

Share this post


Link to post
Share on other sites

Suffering means a lot to everything.But most of us have two normals and the other is virtual There would be a virtual view of how you do it deeply It is not used.

Share this post


Link to post
Share on other sites

Dear default modification or what is called in cloud mining is a good area for earning cryptocurrencies and a steady profit, but it is somewhat similar in the field of investment, when you enter the field of virtual education, you put capital in the mining machine in certain areas or a specific location and then give you  Four fixed adjustments that people make. You buy mining power from someone who has transmitter and receiver mining equipment. This type does not affect you in general on your device and computer. It depends on profit only in return for capital. Thank you very much.

  • +2 1

Share this post


Link to post
Share on other sites

Dear friend, welcome to you
Thank you for that question. I think here in the forum we're sort of mining
We will each get 200 satoshi for each positive comment, provided that the comments do not exceed the number of 20 comments per day
Good luck

Share this post


Link to post
Share on other sites

I am still a beginner here and have no information about mining I am learning from the forum. I got some information about mining from some member comments.

  • +4 1

Share this post


Link to post
Share on other sites

What I know about mining is the method that is used to extract some digital currencies such as Bitcoin and Ethereum, and you need high-performance computer hardware to do the mining process, but it perishes the device.

  • +3 1

Share this post


Link to post
Share on other sites

Cloud mining is one of the most important modern means of mining digital currencies and generating income from it. Huge companies with huge capital and advanced equipment carry out this process, and instead of selling these devices to us, they sell us a quantity of mining giga, which is the one who miners.It really is something new and it makes me excited.

Share this post


Link to post
Share on other sites

As for me, I do not know much about virtual mining in the yobit platform, but I think that it is more like investing your money in the yobit platform and getting a lot of profits, or that it is intended something similar to regular mining, but by default

Share this post


Link to post
Share on other sites

Physical mining needs a specific card so you can start it, as for cloud mining it does not need that, it is easier to work, but there are many sites and programs of cloud mining fraudsters, meaning that the matter of mining confuses a lot with work because it is difficult and needs experience and extreme caution and good selection, I advise you to adopt other ways to earn

  • +2 1

Share this post


Link to post
Share on other sites

To answer that simple way , virtual mining , is way to  mine BTC without buying any hardware so that safe a lot of bills power and internet , the Idea is that you buy a small part of servers in a servers company which mining btc , and this part of server will give you a profit as like you are really doing mining on your computer .

  • +2 1

Share this post


Link to post
Share on other sites

I do not know much about mining, but according to my information, it needs computers that have high-precision software and consumes very much energy, so virtual mining is often by renting this equipment

Share this post


Link to post
Share on other sites
On 10/8/2020 at 7:47 PM, koynayak said:

I just see something on yobit about Virtual mining , whats the differences between normal mining ? They're selling miners but ı don't know how it works. After we purchase miners how long can we use miner. Do we need graphic card for that ? thank you... 

Dear mate virtual mining is new feature of yobit. And normal mining is that process from where we can mine the Cryptocurrencies. In virtual mining we can mine those currencies which are developed by yobit. I think i am right.

Share this post


Link to post
Share on other sites

Frankly speaking I don't have much experience about it mate,  all I really  know  well in yobit is the yobit invest box, but anyway some experience members will guide you more buddy. 

Share this post


Link to post
Share on other sites

Regular mining is the extraction of precious metals such as gold from the ground using equipment and devices, while the mining of cryptocurrencies is done through a computer and requires a strong internet.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Наш обменник теперь доступен на платформе E-mon.   Будем благодарны, если вы поделитесь своими впечатлениями о нашем сервисе, оставив отзыв на E-mon!
    • Мост по имени BRICS: в БРИКС запустят единую платформу для цифровых валют центробанков Россия, в партнёрстве со странами БРИКС, разрабатывает единую платформу для цифровых валют центробанков (CBDC), которая станет своеобразным мостом, объединяющим экономики государств BRICS.   🟣Международные расчеты: По словам замминистра финансов РФ Ивана Чебескова, платформу BRICS Bridge можно будет использовать и для перемещения средств в фиате. 🟣Независимость от санкций: Наличие единой платформы межгосударственных расчетов, защищенной от недружественных санкций, обеспечит независимость платежей в рамках стран БРИКС. Бизнес сможет вести расчеты в цифровых версиях китайского юаня, российского рубля и иранского риала. 🟣Необходимость корректировки законодательства: Для запуска BRICS Bridge потребуется корректировка национальных законодательств странами БРИКС. 🟣Создание единого токена: Также рассматриваются варианты создания единого токена для взаиморасчетов, однако окончательное решение по этому вопросу ещё не принято.   Этот проект имеет потенциал значительно укрепить экономические связи между странами БРИКС и повысить устойчивость их финансовых систем.
    • BitOcean24 — ваш надежный партнер в мире криптовалютных обменников, обеспечивающий безопасность, удобство и выгодные условия для всех пользователей. Для более детального знакомства с сервисом, предлагаем ознакомиться с обзорными статьями:   BitOcean24: Онлайн-обменник как ключ к финансовой свободе BitOcean24 и перспективы криптовалютных обменников   Контактная информация Если у вас возникли вопросы или предложения, вы всегда можете связаться с нами:   Официальный сайт: bitocean24.com Почта: support@BitOcean24.com Telegram: https://t.me/bitocean24_support_bot
    • 💲Мы рады объявить, что наш сайт теперь доступен на платформе мониторинга криптовалютных обменников kurs.expert! Теперь все наши пользователи могут легко отслеживать актуальные курсы обмена криптовалют и находить наилучшие предложения, используя передовые решения от kurs.expert. Платформа известна своей надежностью и удобством использования, предоставляя безопасные условия для обмена криптовалют и значительно упрощая этот процесс для наших пользователей. Присоединяйтесь к нам сегодня и начните пользоваться всеми преимуществами нового этапа в развитии нашего сервиса!
    • CryptoNews of the Week     – On Monday, 24th June, for the first time since 3rd May, the price of bitcoin fell below $60,000, reaching $58,468 at one point. Ethereum, meanwhile, dropped below $3,250. “The market is struggling to digest large sales,” Bloomberg quoted Caroline Mauron, head of Orbit Markets. Although it is difficult to pinpoint the exact source of the current selling pressure, several contributing factors can be identified. The issues in the crypto market reflect the overall instability in global financial markets and uncertainty regarding monetary and regulatory policies in several leading countries, particularly China and the USA. Moreover, in mid-June, the German government began selling a large quantity of bitcoin (approximately 50,000 BTC) that was confiscated in January. Bearish sentiments intensified following reports of imminent payments of about 140,000 BTC to creditors of the bankrupt crypto exchange Mt. Gox, which are set to begin in July. Popular trader Bob Loukas believes that in anticipation of this event, the flagship crypto asset’s prices reached their lowest level in the last eight weeks yesterday. Additionally, it became known that bitcoin miners' reserves reached a 14-year low as they were forced to sell a significant amount of coins to cover operational expenses due to the halving.   – In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, with major market participants slowing their activity in the derivatives market, further creating downward pressure. According to 10x Research, throughout the past week, US spot BTC-ETFs recorded investor outflows, with net outflows exceeding $105 million on 21st June. Earlier, Ki Young Ju, CEO of the investment company CryptoQuant, calculated that over the past two weeks, bitcoin whales and miners reduced their positions on over-the-counter platforms by $1.2 billion. 10x Research analysts believe that bitcoin will now need to find a new price range to stabilize the fall and then look for growth catalysts. In the medium term, according to 10x Research analysts, BTC is unlikely to return above $70,000.  It should be noted that according to JPMorgan analysts, the cost of bitcoin mining is $53,000. This support could become the lower boundary of the price range. However, back in March, JPMorgan did not rule out that after the April halving, bitcoin might temporarily drop to even $42,000.   – Popular analyst Matthew Hyland noted that the total balance of bitcoin on centralized exchanges has reached a multi-year low. In theory, this could be seen as a bullish signal, but the flagship of the crypto market is not yet showing upward momentum. It is expected that the publication of key US economic data in the coming week could serve as a vector for the further movement of cryptocurrencies. If macro statistics increase the likelihood of the Fed starting to ease monetary policy and the first interest rate cut as early as September, this could support risky assets, including bitcoin. Experts from Cryptology believe that the chances of bitcoin hitting an all-time high by the end of September are quite high and that the current situation is a phase of accumulation.   – Andrew Kang, co-founder of the venture company Mechanism Capital, stated that Ethereum’s price could correct by 30%, falling to $2,400 after spot ETFs for ETH are approved. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETFs will be able to attract only 15% of the funds compared to what BTC-ETFs received at launch. Kang noted that to increase Ethereum's attractiveness to investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, selling funds on new uses for Ethereum will be difficult since the asset is perceived by investors as an overvalued stock of one large tech company.   – Unlike Andrew Kang, SkyBridge Capital CEO Anthony Scaramucci believes that Ethereum's price could reach $10,000-12,000. As for bitcoin, the entrepreneur anticipates it could grow to $170,000-250,000. The main driver here will be the institutional adoption of cryptocurrency. Scaramucci called the approval of spot exchange-traded ETFs a significant regulatory barrier breakthrough for attracting new capital. According to him, this will soon result in digital gold comprising about 3% of large players’ portfolios.   – Cryptocurrency exchange Coinbase has been listed among American brands most often impersonated by scammers to deceive their victims. According to analysts at Mailsuite, from January 2020 to March 2024, the Coinbase brand was used in 416 scam schemes and phishing attacks.  Mailsuite studied 1.14 million incidents in total, in which scammers impersonated a well-known company or organisation more than 249,000 times. Among traditional firms, Facebook/Meta was the most popular American brand among scammers, mentioned in 10,457 recorded fraud cases. Next were the US Internal Revenue Service (9,762 incidents), Apple (9,110), Amazon (8,919), Steam (4,833), and Microsoft (4,518). Internationally, scammers prefer Japanese firms, with mobile operator au (18,964 cases) and railway company JR East (18,250) leading the list.   – The US Federal Bureau of Investigation has issued a warning about fake law firms promising to recover lost crypto assets from scammers or government agencies.  Scammers pose as authorised lawyers from government departments, including the FBI, and offer assistance in recovering previously lost or confiscated digital assets. The FBI recommended being wary of such service advertisements, especially when pseudo-lawyers demand advance payments and request sensitive financial information and personal data.   – Former Goldman Sachs CEO Raoul Pal predicted significant growth for bitcoin and the cryptocurrency market in Q4 2024. Speaking on the podcast "The Wolf Of All Streets," the financier noted that risky assets like bitcoin usually rally during US presidential elections. "The final quarter of an election year is a real ‘banana zone’ for all assets. It’s always like that," Pal optimistically stated, adding that the ‘banana zone’ for cryptocurrencies in the autumn is much more pronounced than, for example, for the Nasdaq index.   – MicroStrategy founder Michael Saylor is convinced of the potential for the first cryptocurrency to grow to $10 million, supported by China and other factors.  He believes that in the future, governments, especially China, will fully accept the first cryptocurrency and integrate it into state infrastructure.  Calling bitcoin a "perfect asset," the entrepreneur explained that digital gold acts as a "corporate machine" that will allow companies to "live forever." He is confident that firms investing in bitcoin can last longer than those "mired in corporate ailments of the past." "The average lifespan of a corporation is about 10 years. […] We’re talking about eliminating corporate mortality; we’re talking about easily increasing economic viability by ten, a hundred, or maybe a million times," added the MicroStrategy founder. Saylor also called all economic tools that appeared before bitcoin outdated. "Before Satoshi Nakamoto, economics was a pseudo-science. All economists before Satoshi tried to develop economic laws using shells, glass beads, bits of paper, and credit instruments," the businessman emphasized.  Recall that MicroStrategy is one of the world's largest holders of bitcoin. In June 2024 alone, it purchased 11,931 BTC.   – Founder and CEO of tech giant Dell Group Michael Dell expressed interest in bitcoin in correspondence with Michael Saylor. The situation has caused a stir in the cryptocurrency community for several reasons. Dell was among the top 10 richest people in the world in 1999 and 2000. He periodically appeared in the top 20 afterward. At the same time, the entrepreneur himself has positively commented on the digital industry. In 2021, he publicly stated that blockchain technology is highly undervalued. His company, Dell Technologies, accepted bitcoin as a payment method from 2014 to 2017. However, this option was later removed due to "low demand," as explained by the company. Now, the billionaire posted a statement on his page regarding the value of bitcoin and published another note on this topic.   – Ahead of the US presidential election, former cryptocurrency advisor Carole House has returned to work with Joe Biden’s team. "It is an honour for me to return to the Biden administration, where I hold the position of special advisor on the White House National Security Council," House wrote on her LinkedIn. In 2022, Carole House co-authored Biden’s executive order on cryptocurrencies and digital assets. Her return to the White House signals an improvement in the US president’s attitude towards cryptocurrencies.   – Matt Hougan, CIO of Bitwise, which manages cryptocurrency funds, cited three reasons why long-term investments in both bitcoin and ethereum have advantages over investments in bitcoin alone. These are: 1. portfolio diversification, 2. the ability to profit from vastly different ecosystems, and 3. economic benefits.  Given the difference in capitalization levels between bitcoin and ethereum, Matt suggests investing 75% of capital in BTC and 25% in ETH. According to the report, from May 2020 to May 2024, the return on such an investment portfolio was 3% higher annually than one in which bitcoin alone accounts for 100%.  However, Hougan acknowledges that in the short term, a portfolio consisting solely of bitcoin outperforms a diversified one. Additionally, investing solely in bitcoin carries less risk due to its higher market capitalization and features such as limited coin issuance and gradual reduction of inflation to zero. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Добрый день, уважаемые пользователи форума! Принимаем заявки по выгодным курсам.   Контакты: -Сайт: star-change.io-Telegram (через кнопку на сайте)-Почта: info@star-change.io
    • Уважаемые клиенты!   Мы рады сообщить вам о новой выгодной возможности! Теперь при оплате наших услуг криптовалютой вы получите бонус в размере 10% от суммы счета!   ✨ Ваши преимущества:    • +10% к сумме оплаты: Используйте бонус для оплаты новых услуг или продления уже активных.  • Удобство и скорость: Быстрая обработка платежей без лишних комиссий.  • Безопасность: Обеспечьте свои транзакции надежной криптографической защитой.   Не упустите свой шанс сэкономить и получить дополнительные привилегии! Ваши бонусы уже ждут вас.   С уважением, Команда Proxy5.
    • Пресейл токена AIR            Aircoin — хайповый мемкоин на блокчейне Solana. Проект готов наводить ажиотаж, а Blum и Pixelverse запустили маркетинговую компанию в своих апках. Старт пресейла: сегодня в 18:00. Hardcap: 111,111 SOL. Лимиты на аккаунт: 0.1 — 200 SOL. Следить за предпродажей можно здесь, начало очень скоро. Выглядит неплохо, посмотрим, что из этого получится. Следим за проектом: Website | Twitter | Telegram   Но я бы посоветовал с этим проектом быть повнимательней и все хорошо анализировать.....
    • Курс BTC упал до $62 250, обновив локальный минимум. Альткоины из ТОП-20 в среднем просели на 10%. На фоне падения рынка индекс страха и жадности за последнюю неделю обвалился на 20 пунктов и сейчас находится на отметке 51 (нейтрально). Зафиксировать позиции можно с помощью сервиса обмена криптовалют cryptonet.pro
    • 🔝Bernstein о перспективах биткоина🔝 Эксперты Bernstein пересмотрели прогноз стоимости bitcoin, ожидая увеличения до $200 тысяч к завершению следующего года и до $1 миллиона через десять лет. Основной причиной будет увеличение востребованности bitcoin-ETF. Специалисты сообщают, что вложения в биткоин-ETF к следующему году достигнут $190 млрд. Bernstein также прогнозирует, что капитализация криптовалют утроится и составит $7,5 триллионов. Они ожидают, что биткоин достигнет капитализации $3 трлн, Ethereum — $1,8 трлн, а суммарная стоимость Solana и Avax — $1,4 трлн. Этот рост будет вызван институциональным внедрением и развитием экосистем.
×
×
  • Create New...