Bitcoin Mining - What do they use?

in #bitcoin6 years ago

A hands on video of what miners use to mine bitcoin! Also check out the surprise at the end of the video! This was filmed at the friendly Hong Kong Bitcoin Center & OTC trading desk, Genesis Block. https://www.genesisblockhk.com/
About specialized mining equiptment (ASIC) : https://en.bitcoin.it/wiki/ASIC

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Awesome! Enjoying your episodes every day,you are the pro!! Learned so much from you

great post.always giving alots of good information of cryptocurrency and bitcoin.. The fact that prices have falling so much means that miners need to find ways to become more efficient in order to ensure profitability. If not, it will be detrimental to the network as a whole.your video always powerfull for improved steemit work.this time i see your important video.its very valuable for my steemit work. Cryptocurrency is going to future of business. thanks to sharing for your good post.very well done dear... @boxmining friend..

For bTC mining people use mining rigs like ant miner also cloud mining is very papular but alot of scamme sits so be care full investing in BTC mining

Another very useful information about Cryptocurrency!! No doubt about it,, you are always come with great information. . Your all this update news helps us to move forward in this platform dear @boxmining
Thanks for giving us good contents. .✌

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@boxmining

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@upvote and resteemit

thanks for sharing this post i appreciate your crytocurrency news best of luck my dear friends..

Amazing video
I like it this bitcoin crypto
I appreciate your valuable Post
Thanks for sharing crypto currency...........

I am so happy........

@boxmining you have a great information about crypto I like it I learn a lot from you about crypto so are doing great job thanks for sharing keep it up i alwaystry to visit your blog to learn from your post thanks for sharing

Hi Mikel !

Thank you so much for the insights into mining and what it is used for.

PoW for the Win. I really think it is far better than PoS and all those other consensus protocols / concepts.

Hi wow thanks a lot for your upvotes. I really appreciate that. Thanks.

I really much appreciated for your interview. Its really great information about cryptocurrency.
Cryptocurrency is going to future of business. Crypto is holder not for panic sellers.

wow sir its really great and fentastics vedio of crypto,,,thanks for share
the value of bitcoin is raising day by day,,i appreciate

Thanks for the technical view of mining. Incredible how fast the technology develops for the space and the how nimble some of these assets have to be ensure that the security of the network remains intact. The fact that prices have falling so much means that miners need to find ways to become more efficient in order to ensure profitability. If not, it will be detrimental to the network as a whole. That is where the line in the sand will be regarding prices.

interesting news. with information systematically described in the video. mining equipment is very must the quality.

Spot on:

Mining is "accounting" for Bitcoin. It confirms and records onto the blockchain.

Thanks for explaining the details! Loved the video you did with on-site visit at Genesis Mining!

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Cheers,
Darcy, @fieldsofgold
I am a professional writer & photographer living in Hawaii

dear@boxmining sir,
very good job.These data will encourage us to work more often.Thnak you very much for this post.

Thank you very much.

I like this video. I appreciate your crypto.
Thanks for sharing this bitcoin.

I really like you video A hands on video of what miners use to mine bitcoin,,and I also surprise ,,Thanks for share with us

Resteem done

Great post eat post.always giving alots of good information of cryptocurrency and bitcoin.. The fact that prices have falling so much means that miners need to find ways to become more efficient in order to ensure profitability. If not, it will be detrimental to the network as a whole.your video always powerfull for improved steemit work.this time i see your important video.its very valuable for my steemit work. Cryptocurrency is going to future of business. thanks to sharing for your good post.very well done dear... @boxmining friend..

dear friend this is great post.video is very nice.

@boxmining thanks for this Video. Once again interesting to hear how loud that Things are.

In Germany the power cost is so high, that it is totally inefficient to buy those and run them at home o.O

If I could remove the noise then I could basically use miners to heat my house in the winter as I use electric heating anyway! Heat home and make money at the same time, sounds promising :)

your post is very good information for the bitcoin.your post is really very good.

the blog is the really great boss & Nice informative video

really boss you so sweet & you are working very hard to make great videos

I can see some people put money and never reinvest in more hashpower .. and they expect to have a return in investment .. really dude ? you know that BTC difficulty raises almost every week … so if you stay at your same hashpower .. you will start losing money … the best way is to reinvest everyday for 6 months ( hashpower ) … and then start withdrawing your money after 6 months .

Good info :)

you are working very hard to make great videos. thanks for sharing this

Nice informative video that points out the potential issues (noise, power consumption) with mining.

I did mining on NiceHash to see what mining was all about. It wasn't very profitable. In a week I made about $5 using my GPU. But I had to be conscious of keeping my computer running all day and evening, even when I wasn't using it. I felt like I was going to wear out the other parts of my computer which was worth more than the little I was making from mining.

Then NiceHash got hacked and that totally ended my mining experiment.

I had thought about mining BTC. But the thought of equipment cost and electricity consumption had discouraged me. So I just buy the BTC which others mine, average the price, and hope I will be in the plus overall. At the moment, despite BTC's fall, I still am. So I guess I'll just stick to this strategy.

This very nice video i appreciate your bitcoin thanks for sharing this crytocurrency news carry on my dear friends..

great post dear
your post are all time informative that i love
crypto based post,, @boxmining
thanks for share bitcoin,,,
its value are raising day by day,,,thanks for post

Thanks for sharing this update crypto currency news. I like it this bitcoin crypto. I appreciate your video...........

dear

@boxmining
its great of all technologythats play oof role in based bitcoin,,,today is really like gold ,,,thanks for informative cryptobased post,,thanks for interesting post

glad to hear something about mining
we dont even get enogh electricity for our houses
thanks for showing some technology behind mining

Thanks for share experience front us

I bought bought a little hats rate from genesis mining and the start will was a few days back. It will be interested and see what I can get out of it.
its my fist mining experience.

my dear boss this is a useful post.I hope you continue your job.

Video very special and wonderful well done, my friend
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