What is mining? What is a miner? And what is the one that can determine the level of profitability of conducting mining?

What is mining? What is a mining machine? A bitcoin miner can be directly understood as a computer that is used for businesses to earn bitcoins. It is already very different from a regular computer, using a specialized, custom bitmain t17+mining chip that consumes more power. A mining machine runs a specific algorithm that communicates with a distant server to get with the corresponding bitcoin, and is one of the ways and means to get bitcoins. Bitcoin mining machine mining, in fact, we are using the machine to participate in such a learning math teaching competition, who first calculate the results out of the problem answer, who will in order to get through the bitcoin reward.

What determines the profitability of the mining industry? In the case of Bitcoin, the main influencing factors are the price of the mining machine, the electricity, the size of the computing power, the number of blocks, the rewards, and so on. This varies from cryptocurrency to cryptocurrency, such as Bitcoin and Ether, depending on the size of the computer, and IPFS depending on the size of the hard drive and the speed of the Internet.

As we all know, in order to invest in mining machines to make money, the ultimate revenue cannot be separated from the performance of the mining machine. But now there are many brands of mining machines on the market, of which there are definitely fish eyes mixed with genuine ones. Faced with a wide range of mining machines, how to judge their overall performance? What is the stress of the concentrator?

Factors that affect mining revenue

Computing power: The stronger the computing power, the more hash collisions per second, antminer a10 prothe higher the probability of finding an answer, and the more bitcoins mined.

Electricity consumption: The lower the electricity consumption, the lower the electricity bill, the lower the mining cost, and the higher the profit.

Are high-calculus miners necessarily better? Theoretically, the faster you mine, the higher the probability of finding a valid hash value. The higher the probability of a "burst block", the better the chances are that the miner will develop a high bitcoin reward. This leads directly to the fact that many people use the level of computing power as well as the only important criterion for our choice of mining machine.

As we all know, the computing power of a mining machine depends on the performance of the chip. Chip iterations can make the computing power of a mining machine much higher. But the chip is, after all, a high-end device, and it is not so easy to replace. If the chip process of the mining machine is not effectively improved, the way to improve the computing power is often to increase the number of chips on a single board, but this will reduce the performance of the mining machine.

Professional miner engineers point out that the assumption of too many single force boards can cause the miner to be too large. Such machines are more difficult to repair and are essentially the same as multiple miners stacked together. And if there are a10 pro minertoo many board-loaded chips in a single block, the temperature will be too high, directly causing irreversible damage to the mining machine.

Therefore, the calculated power of the mining machine should be kept within a certain range to optimize the overall performance.