We currently use computers for many and varied tasks, from working, browsing, playing or as a multimedia center, to turning your PC into a money-making machine . Yes, just as it sounds.
For some years now the cryptographic currencies , with Bitcoin at the top as the maximum representative, have allowed to convert your PC into a machine capable of generating small amounts of money in the form of these cryptocurrencies , in exchange for solving certain algorithms and managing own transactions that are made in this currency . This activity has become known as mining Bitcoins (or any other cryptocurrency).
The high value of this virtual currency , which currently exceeds more than 2,000 euros, has raised it to the category of investment for the benefits it can bring in the future, and can be an important incentive to put the mining helmet to your team and start earning some money with him.
Hardware to mine Bitcoin, what is the secret?
To mine Bitcoin or any other cryptocurrency your team must be permanently solving complex algorithms that will limit the processing capacity of your hardware. The more efficient you are in solving those calculations, the greater the reward.
The different virtual currencies use different algorithms in which the computing power of the processor or the graphic cards is used more intensively. In the case of Bitcoin in particular, the power of the GPU marks an important difference with respect to the processor, although in others, it is just the opposite.
Therefore, having one or several high-end graphic cards will increase the power of mining Bitcoins on your computer, making you get more Bitcoins in less time. On the other hand, installing one or several graphics cards makes it more complicated to recover the investment and opens a door to the fiasco of your PC to mine Bitcoin .
This power is defined as the ability of the hardware to convert an assigned string into a valid Hash using the algorithm assigned by the cryptocurrency. Depending on the power of the hardware, you can find this parameter expressed in thousands of Hash per second (kiloHash or kH / s), millions (MegaHash or MH / s), billions (GigaHash or GH / s) or millions of millions (TeraHash or TH / s)
It is important to have a balanced hardware that offers a good power at a very contained price, in order to optimize the investment in the hardware for the mining of Bitcoins .
The value of electricity in the mining of Bitcoins
To finish complicating things, comes into play the price of electricity that your team consumes during the 24 hours of the day that will be working, and that should be deducted from the benefits that are obtained from the mining of Bitcoins . If your hardware does not even manage to mine for a value higher than the electricity you consume for it, the balance will be negative and you will be losing money.
The performance calculator for Bitcoin mining will not only take into account the purchase price of the hardware you use to mine, but also take into account the price of electricity and the performance offered by that hardware with the different algorithms that are used. for the mining of the cryptocurrencies since the result can vary of notorious form.
In addition, it also shows a series of graphs that show a history of the profitability of that hardware, since a simple change in the drivers can cause an increase in their performance, something very to take into account when choosing the suitable hardware for your PC to mine Bitcoins .