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Cryptocurrency mining is not the most obvious way to make money on the Internet. A couple of years ago, this activity was at its peak, however, in modern realities, it begins to lose its relevance under the gun of authoritative statements. What is the last refusal of Elon Musk, the head of Tesla, from paying with bitcoins for electric cars? And all because cryptocurrency is mined, and this requires a considerable amount of resources that harm the environment.
However, we must not forget that mining is one of the less risky ways to make money on cryptocurrency. It won’t be big and fast, but it will be reliable and regular.
Let’s take a look at the specifics of mining in modern realities.
Before we move on to the list of those most profitable cryptocurrencies for mining in 2021, it is worth dispelling myths about the process of their mining itself.
For many beginners, mining is associated with the purchase of a large amount of expensive equipment and with spending a day at the monitor.
However, fortunately, this has not been the case for a long time.
Modern cryptocurrency mining allows you to earn money without direct participation in this. Now it is a business that is reaching real industrial proportions.
If you have no plans to build mining corporations, you can use existing resources on the network that will use only a fraction of the power of your device and will not interfere with your daily processes.
Today, the most convenient resources for mining cryptocurrencies are sites such as:
You can also make money on cryptocurrency thanks to the comprehensive service xCritical Crypto Exchange. On the official website of the company you will find a lot of useful information not only about the earnings themselves, but also about the development of this direction of the financial market.
It is worth noting that each of the resources differs in a special approach, as well as in the level of protection. You will find software for any operating system on the network, and making money will be just a matter of experience.
It is probably not worth talking too much about bitcoin, since it was not only one of the first cryptocurrencies to be mined, but also one of the most profitable.
We must not forget that the world does not end with bitcoin. Consider several other digital currencies that are no less popular among crypto exchange participants.
Ethereum (ETH) is the second largest cryptocurrency in terms of capitalization after BTC. The advantage of this cryptocurrency is unlimited emission. It is developing no less rapidly than other cryptocurrencies. Today, using Ethereum, you can even sign smart contracts to make payments in different applications. If you are not interested enough in this cryptocurrency, read what the Ethereum Foundation is. We are confident that this will change your mind.
Stellar (XLM) is one of the cryptocurrencies that makes life easier. Many experts claim that Stellar is an improved version of Ripple. In this case, there is no emission, which is also a plus for many miners.
Tron (TRX) – cryptocurrency has existed for about a year, but its capitalization already exceeds $ 7 billion. This cryptocurrency is appreciated by fans of games, entertainment shows and other gambling entertainment. Tron’s decentralized cryptocurrency platform is ideal for entertainment.
The cryptocurrency market deserves special attention today, so only the lazy does not talk about mining. For many, this has become not only an additional source of income, but also an investment in the reliability of their own future.
Cryptocurrency is increasingly appearing in our lives, getting involved in routine processes, so you can’t stop at the above list, but learn more about cryptocurrency mining.
If you nevertheless decide to mine ETH on your own equipment, then for this you will need:
A video card with good performance, at least one, but optimally 4-6 GPUs per farm computer.
Naturally, a computer (system unit) or a farm with an installed operating system (Windows x64). It is the 64 bit version.
It will be determined with the currency that we will mine. There are several cryptocurrencies on the Ethereum algorithm (dagger hashimoto), the largest of them are: Ethereum Classic (ETC), Musicoin (MUSIC) and others.
Since our mining is online, we need the Internet. Fast speed is not needed, but good ping is desirable, more on that below.
Select a pool (POOL) where we will mine ethereum. Next, select the miner program and configure it.
Choose an exchange or Ethereum wallet where our coins will be dropped and saved for Ethereum mined coins, as well as services where you can exchange our earned coins and withdraw them to the card.
ASIC stands for Application-Specific Integrated Circuit.
In the context of cryptocurrencies, it is a microchip specially designed to execute a hashing algorithm as quickly as possible.
Now we need to give you some idea of how powerful these ASICs can be. The Bitcoin ASIC can compute hashes 100,000 times faster than even the best processor.
ASICs are created separately for each hashing algorithm. Therefore, you will have to purchase a separate ASIC for each coin that you would like to mine.
CPU The central processing unit of your computer. Most of them are manufactured at Intel and AMD factories. The CPU is essentially the brain of the computer.
They perform all the tasks that we usually associate with the work of a computer, for example, saving a document by writing it to a hard disk.
Most of the rest of the computer is actually designed to keep the processor running.
When Bitcoin first appeared, you could receive 100 coins a day using a regular processor. Unfortunately, today, mining bitcoins on a processor is impossible due to the dominance of ASIC systems, which we discussed earlier.
As we said earlier, earning from cryptocurrency mining is fundamentally different from earning on a cryptocurrency exchange, according to the buy-sell principle. Therefore, the results are different here, just like the conditions.
Don’t expect tens of thousands of dollars every month. This is the case when you will rejoice not in the growing profit, but in the very fact of its existence.
It is worth noting that the prevalence of cryptocurrency earnings also plays into the hands of scammers, so carefully check the resources thanks to which you are going to mine digital currencies.
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