Bitcoin

Best Bitcoin Miners, Rated and Reviewed

Alex Lielacher | Bitcoin Market Journal


The best bitcoinminers are hard to find because demand for them is so high. Manufacturers sell out quickly, and marketplaces such as eBay and Amazon often list popularbitcoinminers at double or triple the manufacturers’ price.

Best Bitcoin Miners, Rated and Reviewed
Best Bitcoin Miners, Rated and Reviewed

Here is a look at two of the best bitcoinminers and a review of profitability and risks in running a bitcoinmining operation.

The Evolution of Bitcoin Mining

In the creation of bitcoin, founder Satoshi Nakamoto gave the responsibility for securing bitcoin’s ledger to miners or nodes. For this job, the miners get paid in bitcoin.

In the early days of bitcoin, when just a few people were interested in bitcoinmining, a simple computer could mine bitcoin profitably.

However, those days are long gone. There are many peopleminingbitcoin today all over the world. As more people begin mining, mining difficulty increases. Now, the only way to profitably mine bitcoin is with ASICs (Application Specific Integrated Circuits).

These specialized computers run fast, hot, and loud with high-powered cooling fans. The fans create a high-pitched jet engine white noise that is disturbing if not maniacal. Yet, that noise is music to the ears of peopleminingbitcoin because it is the sound of making money in the mining business.

Continue reading …


Source: Best Bitcoin Miners, Rated and Reviewed

The postBest Bitcoin Miners, Rated and Reviewed appeared first on VentureCanvas.

Source link

Similar Posts