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What is Bitcoin Mining?

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seo mypassion12

You most likely hear the phrase "bitcoin mining". Bitcoin mining is done using powerful computers that solve complex arithmetic mathematical problems; These problems are so complex that they cannot be solved manually and are complicated enough to load even incredibly powerful computers.

 

The result of bitcoin mining is twofold. First, when computers solve these complex mathematical problems on the bitcoin network, they produce new bitcoins. And second, by solving mathematical arithmetic problems, bitcoin miners make the bitcoin payment network credible and secure by verifying transaction information.

When someone sends bitcoins everywhere, it is called a transaction. In-store or online transactions are documented by banks, outlets, and physical receipts. Bitcoin miners accomplish the same thing by adding transactions in "blocks" and adding them to a public ledger called a "blockchain." The nodes then keep a record of these blocks so they can be proved in the future..

When bitcoin miners add a new block of transactions to the blockchain, part of their job is to make sure those transactions are correct. In particular, bitcoin miners make sure that bitcoin is not duplicated, a unique rarity of digital currencies called "dual consumption." Counterfeiting is always a problem with printed coins.

Digital information can be reproduced relatively easily, so with Bitcoin and other digital currencies, there is a risk that a donor will make a copy of your bitcoin and send it elsewhere while you have the original.

Bitcoin transaction confirmation.

In order for bitcoin miners to earn bitcoin by checking transactions, two things must happen. First, they need to verify a megabyte (MB) of transactions, which in theory can be as small as one transaction, but often several thousand, depending on how much data each transaction stores.

Second, miners must solve a complex arithmetic math problem, known as a "proof of work," to add a block of transactions to the blockchain. Basically what they do is try to get a 64­digit hexadecimal number named a "hash" that is small than or equal to the target hash.Not only must bitcoin miners create the correct hash, they must also be the first to do so.

Since bitcoin mining is essentially guesswork, finding the correct answer before another miner has almost everything to do with how quickly your computer can produce hashes. Just a decade ago, bitcoin mining could be done competitively on normal desktops. However, over time, miners understood, that the graphics cards that were usually used for video games were more useful and began to dominate the game.

In 2013, bitcoin miners started using computers specifically designed to mine cryptocurrencies in the most efficient way possible, called Application Specific Integrated Circuits (ASICs). These can range from hundreds of dollars to tens of thousands, but their Bitcoin mining efficiency is superior.

Todaybitcoin mining  is so competitive that it can only be run profitably with the most up-to-date ASICs, such as the Antminer S19 Pro. When using older desktops, GPUs, or ASIC models, the cost of consuming energy is even greater than the income generated. Even with the latest device at your disposal, a computer is rarely enough to compete with what miners call "mining."

The Antminer S19 pro series is equipped with a new generation custom chip from Bitmain, which achieves an energy efficiency of only 23 J / TH. This was achieved by improving the circuit architecture, significantly improving energy efficiency. This model is Antminer S19 Pro (110Th) from Bitmain's mining SHA-256 algorithm with a maximum hash rate of 110Th / s for a power consumption of 3250W.

Advantages of the S19 Pro:
S19 Pro This model is even more efficient compared to previous versions. Another advantage of the new ASIC is the greater stability. The machine is equipped with an APW12 power supply and updated firmware

How can I order?
To buy Antminer S19 Pro 110 th / s, you need to fill out an application form on the website. We only offer certified equipment. The final price of the Antminer S19 pro 110. s is available on the website. We work with both natural and legal persons. You can pay in cash, by credit card or by bank transfer.

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