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Crypto Mining

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How Bitcoin Works

How Bitcoin works

The main purpose of extracting any cryptocurrency, such as Bitcoin, Etherea or Litecoin, is to make a profit. To maximize profit, you need to find the ideal balance in a mining assembly between performance and power consumption. To find such a balance, you need to select specific components. What hardware do you need, and what do you need to know before you can break into the world of virtual currency?

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Secure Virtual Money - Cryptocurrency

Cryptocurrency, such as Bitcoin, is gaining more and more supporters and one of the main reasons is its security and transparency.

Uses complex encryption so it can not be falsified or forged.
Is not controlled and regulated by any government or other organization.
All executed transactions and accounts are generally transparent.
Transparency and complex verification of all transactions can not be misused.

Bitcoin Security and Transaction History

For Bitcoin, each virtual coin is associated with the public key of its owner. If you send Bitcoin to someone, it works as follows:

  • You create a Bitcoin transaction.
  • You attach the public key (address) of the recipient and enter the amount.
  • Your signature in the message confirms the validity of the Bitcoin transaction.
  • The history of all Bitcoin transactions is available to anyone in the network (blockchain). It is not difficult to verify who owns a particular group of coins.

Bitcoin Today And Other Cryptocurrencies

Does Bitcoin Mining Pay?

Bitcoin, as the first cryptocurrency, broke out and started a worldwide frenzy. However, today even with a stacked assembly you may not make a profit. Specialised hardware in the form of ASIC chips are now being used to extract bitcoins. Although they deliver enormous computing power, their disadvantage is that they are expensive and highly specialised - aside from the extraction of Bitcoins, this hardware can not be used for anything else.

Which cryptocurrencies should be focused on today?

Cryptocurrencies With Potential for Profit

With a graphics card, it is possible to exploit many types of currencies, many which are experiencing even more rapid growth than Bitcoin. One of these is Litecoin - the first currency to use an improved scrypt algorithm. Another digital currency on the rise is Ethereum, also known as Bitcoin 2.0.

Zencash is one of the youngest virtual currencies to offer even better security than Bitcoin. In addition, its value has risen very quickly. The last digital currency worth mentioning is Dash. It is a virtual currency offering instant transactions and has long been one of the most popular virtual currencies.

What Do I Need To Start Crypto Mining?

The whole process for beginning mining can be summarised as follows:

  1. Make the decision you want to start mining cryptocurrency.
  2. Ensure you have the best mining hardware - we'll advise you below.
  3. Download free software in order to start extraction.

During extraction, we further recommend:

  1. Engage with a group of miners, in a so-called mining pool. For a certain fee, the total profit of the group is divided among the members according to the merits of the crypto mining.
  2. Install a wallet to store the cryptocurrency. Safest is the purchase of a hardware wallet.
  3. Track exchange rates and news about the latest developments.

Graphics Cards for Cryptocurrency Mining

The most important component for cryptocurrency mining is today a powerful graphics card. Each type and brand of graphics card can be used to mine. A key parameter when selecting a suitable GPU is the so-called Hash Rate: the higher, the better.

Mining Processors

Processors for mining may not be powerful, but economical - today's computing power is extracted from the old graphics card.

Motherboards for Cryptocurrency Extraction

When selecting a motherboard for mining, it is especially important to increase the number of PCI-E 3.0 x16 ports and support for AMD CrossFireX or NVIDIA SLI in order to plug in multiple graphics cards.

Resources for Mining Assemblies

Kits for cryptocurrency extraction require a high-performance energy source with enough PCI-E connectors to plug in multiple graphics cards - they also need the most power consumption.

Hardware Wallets and Safes

The safest solution for storing digital currency is a hardware wallet. It connects to your computer via a USB port and protects your cryptocurrency from hacker attacks and keyloggers (malware that scans keystrokes). All transactions require confirmation by a hardware button from the owner.

Backup Sources and Overvoltage Protection

Back-up power supplies and overvoltage protection ensure continued mining during power outages and protect the assembly from spikes and surges in the power grid. Given that the cryptocurrency extraction kit is a relatively costly investment, it pays to invest in these elements.

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APC Easy-UPS 2200VA (Schuko)
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APC Smart-UPS 750VA LCD 230V with SmartConnect
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APC Back-UPS BX 2200VA (FR)
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APC Back-UPS BX 750VA (FR)
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APC Back-UPS BX 950VA (IEC)
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APC Easy-UPS BVX 1600VA (Schuko)
Uninterruptible Power Supply - tower UPS, backup time at 50% load 6.1 min, actual and apparent performance 900 W / 1600 VA, max. output voltage 230 V, line interactive, 4×Schuko, 97% efficiency at 100% load, 95,5% efficiency at 50% load, AVR and ventilator, dimensions 190 × 140 × 390 mm (H×W×D), weight 10.2 kg
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APC Back-UPS BX 950VA (FR)
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APC Back-UPS CS 500I
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APC Easy UPS BV 1000VA (SCHUKO)
Uninterruptible Power Supply - backup time at 100% load 2.5 min, backup time at 50% load 17 min, actual and apparent performance 600 W / 1000 VA, max. output voltage 230 V, line interactive, 4×Schuko, 97,4% efficiency at 100% load, 95,4% efficiency at 50% load, dimensions 93 × 161 × 305 mm (H×W×D), weight 5.7 kg
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4.4 31×
APC Back-UPS CS 650I
Uninterruptible Power Supply - tower UPS, backup time at 100% load 4.7 min, backup time at 50% load 14.75 min, actual and apparent performance 400 W / 650 VA, max. output voltage 230 V, off-line, 2×IEC Jumpers, 4×IEC 320 C13, protection telephone network RJ-11, 97% efficiency at 100% load, 97% efficiency at 50% load, dimensions 165 × 91 × 284 mm (H×W×D), weight 6.03 kg
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4.3
APC Back-UPS 500VA, 230V, AVR, IEC Sockets
Uninterruptible Power Supply - tower UPS, backup time at 100% load 1 min, backup time at 50% load 8 min, actual and apparent performance 300 W / 500 VA, max. output voltage 230 V, line interactive, 3×IEC 320 C13, USB for charging and AVR, dimensions 138 × 98 × 310 mm (H×W×D), weight 4.2 kg
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APC Smart-UPS 1500 VA LCD 230V with SmartConnect - Uninterruptible Power Supply
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5.0
APC Smart-UPS 1500 VA LCD 230V with SmartConnect
Uninterruptible Power Supply - tower UPS, backup time at 100% load 6.5 min, backup time at 50% load 23.1 min, actual and apparent performance 1000 W / 1500 VA, max. output voltage 230 V, line interactive, 2×IEC Jumpers, 8×IEC 320 C13, power cable protection and USB, LCD display and AVR, dimensions 219 × 171 × 439 mm (H×W×D), weight 24.09 kg
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Order Code: nAPC_zz003
5.0
APC Back-UPS 500VA 8 French outlets
Uninterruptible Power Supply - backup time at 100% load 7.73 min, backup time at 50% load 20.92 min, actual and apparent performance 300 W / 500 VA, max. output voltage 230 V, off-line, 4×FR, 98,8% efficiency at 100% load, USB for charging, weight 3.2 kg
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2,999,-
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3.6
APC Easy-UPS BVX 1600VA (IEC)
Uninterruptible Power Supply - tower UPS, backup time at 50% load 6.5 min, actual and apparent performance 900 W / 1600 VA, max. output voltage 230 V, line interactive, 6×IEC 320 C13, 97% efficiency at 100% load, 95,5% efficiency at 50% load, AVR and ventilator, dimensions 190 × 140 × 390 mm (H×W×D), weight 10.2 kg
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APC Smart-UPS 1500VA LCD RM 2U 230V rack-mount, network card - Uninterruptible Power Supply
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5.0
APC Smart-UPS 1500VA LCD RM 2U 230V rack-mount, network card
Uninterruptible Power Supply - rack UPS, backup time at 100% load 7.2 min, backup time at 50% load 26.5 min, actual and apparent performance 1000 W / 1500 VA, rack position height 2U, line interactive, 2×IEC Jumpers, 4×IEC 320 C13, USB, RS-232 and ethernet , LCD display and AVR, dimensions 89 × 432 × 457 mm (H×W×D), weight 28.58 kg
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5.0
APC Back-UPS 850VA 8 French outlets
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4.1 56×
Kensington VeriMark™ IT Fingerprint Key for Windows
Reader - USB biometric security key and fingerprint reader for Windows, FIDO2, WebAuthn, support for Windows Hello™ and Windows Hello™ for Business, for web browsers: Edge, Firefox, password manager: LastPass, Dashlane, Keeper, Roboform, compact design, USB-A.
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