Based on the world’s first digital currency, methods, solutions and directions were worked out. Bitcoin as a realized idea appeared in 2008. Alternative cryptocurrencies no longer experienced any particular difficulties in promotion and followed the paths beaten by Bitcoin.
At first, Bitcoin mining looked like a game, the user could have a personal computer with a CPU and receive $ 1 for each electronic coin. From 2011 to 2013, the cost increased to $ 1,000, in 2019 it is expected to grow to $ 5,000, 2021 will be marked by $ 7,000. The most powerful processors, top-end PCs are used, it is impossible to do without enhanced video cards, motherboard slots have three, four, five PCI-Express, graphics adapters operate in specialized SLI and Crossfire modes.
What is needed to get Bitcoin
Having one computer and a regular video card has long been insufficient. Moreover, we are not talking about using game consoles, laptops, mobile gadgets.
Individual production of bitcoins can be compared to a primitive furnace next to a metallurgical plant.
First of all, you need to get a large, dry, cold room with good air conditioning. Reinforced computers and equipment are produced specifically for special factories, where machines line up in rows, performing complex calculations day and night. The Chinese are in the forefront of manufacturers, competing again first with their Chinese counterparts, then with South Korea and only then with the rest of the world. The speed of 2 megabits / sec. is a thing of the past. One bitcoin factory consumes as much electricity in one day as would be enough for a small city.
ASIC has been sold for $ 5,000 since 2017, but the payback tends to zero. To earn about three dollars per day, you need to pay no more than 33.6 kWh for electricity. If you take into account the costs of maintenance, rent, electricity for 5.5-7 rubles, it is better not to think about purchasing devices.
Workarounds for Bitcoin mining.
1. Computer industrial farm. All community members have the same rights and different incomes. According to the emission protocol, the best reward is due to more powerful devices. After four years of operation, the profit is halved due to the halving rules (260 thousand blocks). If the initial cost was 50 BTC / per block, since 2016 – 25 BTC, in 2020 it will be – 6.25 BTC. Over time, Bitcoin will exhaust itself completely.
2. Pool – an association of miners into a group. In terms of popularity, such formations have come out on top. Individual users provide their capacities for joint operation with a guaranteed reward. The invested amount can be fully withdrawn after a certain period, but interest is accrued all the time. After a year of participation, income increases.
3. Alternative cryptocurrencies are cheaper in price, but much cheaper to produce. It makes sense to pay attention to them.
Currently, special computers equipped with ASIC modules capable of calculating hashes at a gigantic speed have begun to be produced for mining purposes.
