Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Goldlife on March 30, 2021, 01:26:53 PM
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Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware.
Bitcoin mining is competitive. It’s not ideal for the average person to mine since China’s cheap electricity has allowed it to dominate the mining market. If you want bitcoins then you are better off buying bitcoins.
What is an ASIC Bitcoin Miner?
Since it’s now impossible to profitably mine Bitcoin with your computer, you’ll need specialized hardware called ASICs.
Here’s what an ASIC miner looks like up close:
Originally, Bitcoin’s creator intended for Bitcoin to be mined on CPUs (your laptop or desktop computer). However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).
Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”.
Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity.
Don’t Get Confused
There is Bitcoin mining hardware, which mines bitcoins.
There are also Bitcoin hardware wallets like the Ledger Nano X, which secure bitcoins.
Also:
Quick Tip
**Mining Bitcoin is NOT the best way to get bitcoins. Buying Bitcoin is.**
Mining is not the fastest way to get bitcoins.
Buying bitcoin with a debit card is the fastest way.
To buy bitcoin in your country, check our country guides:
More info: https://www.buybitcoinworldwide.com/mining/hardware/
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We have learned a lot from this post about Bitcoin. Because Bitcoin's position is much better now. The best coin in cryptocurrency is Bitcoin. And Bitcoin's hardware is good enough that Bitcoin is now in a good position.