We’ve all heard more or less about Bitcoin. Bitcoin is a type of cryptocurrency.
Bitcoin is one of the cryptocurrencies There are also Bitcoin, Ethereum, Bitcoin, etc. Many of us may have heard of bitcoin mining.
We consider crytotab online mining as a cryptocurrency to facilitate discussion. Bitcoin does not have a central team or is overseen by anyone. It has no biological value. But if you change it to liquid money, the price of each bitcoin is about 7 lakh 80 thousand rupees.
What is mining
There are many transactions in Bitcoin. For each transaction to be completed, the information about where the bitcoin came from and how it came is verified. One block is created in each transaction. All blocks match blockchain. Each block is encrypted by code SHA-256. To solve each block, you have to decrypt this file with different combination ideas. Since there is no central team, this is done using the computers of the minors. In return, the miners get some rewards.
Mining speed depends on what
The unit of mining speed is Hash per Second. This means that a computer can calculate the number of numbers per second to decrypt a 256-bit file. The higher the H / s, the faster a block can be solved. Its speed depends on the processor and GPU. Since the computer has to continually check the number of different numbers to see if it has been decrypted, it becomes a matter of time.
Online mining:
Let me give you an example first. Benchmarking a GTX 1080 Ti and an Intel Celeron 8th Generation PC with a 2000 watt power supply, it is seen that bitcoins costing around ৭ 48–55 a day are being mined. Now there are a bunch of dishonest businessmen who can’t afford that much. All they do is give you a lot of bitcoin through the cloud or online by luring your PC to them. Whatever it is, they use your PC’s processor through the cloud, mine it with your PC and store it in their wallet. They will always show that you have to shovel a minimum amount. You can then transfer bitcoin to the wallet. But whenever you request to withdraw Bitcoin, they will say you have to pay a fee first. The whole thing is sorted out. I have tried a few to show you. As you can see in the picture below, my CPU usage has gone up to 93%. They are checking the blockchain with my PC through the cloud.
The Bitcoin network requires a minimal structure to share transactions. An especially decentralized network of volunteers is sufficient. Messages are broadcast based on maximum effort. Nodes can be disconnected from the system at will, or reconnected. After reconnecting, one node verifies and downloads new blocks from other nodes to complete a local copy of the blockchain.
A lot of useful information about online mining bitcoin is now available at freebtctap.com
