How to obtain crypto currency? Mining crypto-currencies - features of earnings

It is easy to see that in the last decade, computerization of everything has been ubiquitous throughout the world. Any sphere of human activity can be closely related to information technology. Here, users are able to keep confidential information, personal data, work documentation and even currency, can use for their own purposes easily accessible resources. Electronic computing (from stationary computers to global servers) helps in the management and automation of various technological processes. In the financial sphere, this trend has penetrated long ago. That is why most people are now interested in how to obtain crypto currency.

Disclosure of the term "crypto-currency" in simple words

All known real national currencies like the ruble, dollar, euro, yuan have a long history. These are ordinary state money, which are backed by economic support of the governments of certain countries. Crypto currency is an independent digital currency, which is located exclusively in the virtual space. It has no outside support, does not subordinate to traditional banking systems and does not depend on the political orientation of any state.

This has its advantages - popular crypto-currencies do not fall into dependence on power and international relations. They are protected by special encryption, which virtually eliminate the possibility of fraud, while with real money, ordinary consumers have many problems. Their system is decentralized, and therefore invulnerable, in addition, all user transactions are not subject to any one particular server. In its simplest form, this is a set of code keys that is accessible to everyone and simultaneously anonymous.

Where did she come from?

The first penetration into the Internet of the term "crypto-currency" began when the payment system Bitcoin was formed, where each transaction and financial transaction has its own unique code. To date, it is the most popular crypto currency with huge capital. It was created 12 years ago by the Japanese developer Satoshi Nakamoto or a group of people with such a pseudonym. The smallest unit of currency, therefore, is the "Satoshi".

Later, this system had different branches. First, the software used the open source code of the currency, and after 2013 there were already other platforms that support not only the crypto currency itself, but also related structures. On such services are also sites of commercial exchanges, shops, messengers and so on.

How it works

Having analyzed the theoretical part of how the crypto currency functions, it is necessary to learn how to extract and use it. Many are wondering about what scheme this is all about and why it is popular in the world. All processes in the system are irreversible and unique. This is based on the hash function crypto currency. Simply put, a hash is an encrypted string of a certain length and number of characters into which the original information was converted. At least one element will change - the whole chain will change, and the source code can not be returned.

To understand how to extract the crypto currency, you need to know about the main technology in this process - the blockade. Translated from English, this means a chain of blocks, which stores data about all the transactions that have been carried out since the foundation of a particular currency. Therefore, it is almost impossible to hack such a system. This element is expanded with new blocks, which create development miners with the help of computing resources. Its copies are available to each user and the crypto currency master, the price of which only increases.

How do the miners promote the currency

Each block contains information about the various transactions and the hash of the previous block, thus creating a chain. The appearance of a new block means that the miner solved the problem and received a reward for it. This is called the crypto currency loan. The process itself is a search for a cryptographic signature of a new block that will enter the chain. Remuneration decreases over time, as the currency is a limited resource, and the number of miners becomes more and more every day, which obviously complicates the receipt of treasured coins.

Blocks have branches, they are also searched by people, and there are special services that allow them to combine their work to find a new element of the chain. Here, the reward will be divided between those who have been engaged in the mining of the crypto currency by finding a hash of a separate part.

What technologies users work with

Many miners are engaged in the extraction of electronic money using cloud-mining technology. The advantages are that you do not have to ask "how to start getting the crypto currency at home" and try to understand the subtleties of the work required for this technique. There is no need to monitor spending on electricity, monitor the process and the state of the equipment, and adjust the software. Everything will be done for a symbolic fee by certain services: HashFlare, GenesisMining, BitMiner, etc.

Safely or risky

There are more risks in cloud mining than in independent mining. First, you use a third-party proxy server, so there is a danger of a hacker attack. Secondly, on unreliable services you can run into scammers. The obvious disadvantage is that a certain percentage of the final income will go to the intermediary. The price of the crypto currency jumps if not daily, then weekly, different sites offer different prices. Therefore, it is important to find a trusted site to monitor the course.

This currency is not subject to inflation and is protected within the servers on which it is running. Services crypto currency using protective methods PoS and PoW, which, when working together, distribute coins between the miners and confirm the blocks. This greatly reduces the risk of attacks. Unfavorable is that now, when medium and large players can run, an average user simply can not join the process without proper equipment, and for a long time he will go into negative. Once lost the key and password to the wallet, it can not be restored. In addition, no one guarantees that there is no negative reaction of state bodies to the additional income of their citizens "out of nothing".

Where to use

Crypto currency has a problem of uncertain legal status. In some countries they are prohibited, in others they are simply not recommended for use. They can be used on stock exchanges where only the most popular and popular currencies are represented, sell and buy, exchange. After the user is mastered in how to obtain the crypto currency, he begins to be interested in the ways of its implementation. In addition to selling and exchanging, some sites offer the purchase of goods and services for bitcoins. This is not the best option, given how quickly the course changes. But with the help of such services you can make purchases of cars, equipment and software, make donations, pay for air travel.

What determines the exchange rate of this currency

Nothing, except supply and demand, does not regulate the price of electronic money. At the very beginning of its functioning, in 2009, bitkoyny only accumulated, with little or no price. Approximately until 2013, they continued to be in a floating state, and their rate grew very slowly. Almost no one believed in electronic payments. This summer, the highest price for the currency was registered - about 3 thousand dollars.

It took many years for it to grow to this scale. Although the Crypto currency has again collapsed into a thousand dollars, but one can not but agree that such a price is also more than attractive. The limited financial resource makes it popular, therefore there is no reason to believe that it will slide to its past state. In order to choose which crypt currency to mine, it is necessary to monitor prices for the relevant sites for a while.

Near future and prospects

Some financial analysts equate the ambitions of electronic money to gold. Not surprisingly, many holders are investing in stability. The forecast for crypto currency is that they will continue to grow over time, so it makes sense to invest in them. Of course, you do not need to bet in the long term, since none of the currencies that are currently available can provide reliable support, besides, it is not known how the exchanges and markets will behave after many years.

Crypto currency is a free, independent, uncontrolled payment system, and thanks to these qualities it is a success. Relative safety and stable growth cause trust in some, and in others - the thought that this is an economic bubble that will burst with time. And, of course, the prices and the forecast of the crypto currency are influenced by the media and public reaction.

Equipment for earnings

Before the beginning of the mining process it is necessary to solve the most important task - to pick up the necessary equipment. Video cards or their combination (farms) are precisely those devices that will perform all calculations and generate revenue. It is not enough to know how to make money on the crypto currency, because it is still important to study the equipment market. Before you buy video cards, based on their power, calculate how much will be the cost of electricity. Excellent for NVIDIA devices.

Do not skimp on the quality processor, even though it does not participate in the work. We also need to take care of good ventilation, because the equipment for mining is under heavy loads. Due to the increased performance of the video card can make a lot of noise, so it's best if possible to install such a farm in the basement or in a room with thick walls.

What are the failures associated with?

It is not enough to know how to make money on the crypto currency, you still need to take into account all the complexities of the process. Many potential miners buy entire farms for work, but quickly give up, without any idea how to work with them competently. First, a specific hash is given, which must be calculated. Since there are a lot of searchers, but busy in the process and those who have a technique of high power and performance, the system changes the complexity of finding the hash.

With increasing number of zeros in its beginning, the laboriousness of the computational process also increases. Also, failures are associated with improper equipment. Users, tuned to how to obtain crypto currency in a reliable way without investments and quickly, are doomed to failure in advance. After all, any equipment in skilled hands will pay for itself in a year.

How to buy or sell

Trade in crypto currency is currently a very profitable business. It has a high cost and is safe. In order to send your coins to the buyer, you must fill out an application in which you will specify the transaction by which the currency was found by the user, the number of bits and the address to which they should be sent. The application receives an individual signature-key. This operation then appears in the block by means of mining, and we can assume that the account is replenished. For the coins received, the buyer transfers the money in real currency in any way.

On special sites you can watch courses from various services. For a profitable trade with the crypto currency, you only need to select the site with the highest rate. On some of them, it can be immediately exchanged for real money or transferred to an electronic wallet. The harder the currency is extracted, the more expensive it will be on the exchange.