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How Bitcoin Minging works? and How to Choose a Bitcoin Miner?

Bitcoin has certainly changed how the world financial systems work. A little over a decade ago, the elusive Satoshi Nakamoto published a document that described Bitcoin as a peer to peer electronic cash system. Forward today to 2020, Bitcoin has been making waves after waves, with nearly every financial expert who denied Bitcoin as nothing more than just a fancy, beginning to admit its impact and reality.

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How Bitcoins are Mined?

For any asset to have value, it should have two basic characteristics, hard to obtain and limited supply. Bitcoin’s coding has been done in such a way that these two parameters are met. Hardcoded in it, the supply is limited to only 21 million coins in totality. To make it had to obtain, Satoshi created a complex level of calculations that have to be solved in order to obtain any new tokens. Akin to digging for gold, this process is called mining.

 

In the initial years of Bitcoin, the mining was not difficult, with any moderate computer able to perform the operations. But as the years progressed and more people joined in mining, the calculations have become very complex and require a large amount of computing power. For individuals and small scale firms looking to mine their Bitcoin, they are limited to only two options. Either they can join cloud mining pools, where they pay other firms for a share in their computing power, or they can buy dedicated computing devices called ASICs.

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ASICs

Application Specific Integrated Circuits (ASICs) are computing devices that are designed for (as the name suggests) specific tasks. ASIC miners are all the rage these days. ASICs for Bitcoin and other cryptocurrencies are designed and tuned in a manner that they can operate and perform the complex calculations the cryptocurrency requires.

 

If you have cheap electricity, ASIC miners are the way to go if you want to mine your own cryptocurrencies. These miners are performance heavy and consume significant electrical power. The miners are not difficult to get, but getting the right one can be an issue. They are not cheap, with smaller ones costing nearly USD 400 and the top of the line running into thousands of Dollars. Selecting a good quality, with the right computing power that meets your demands and customer support are a few of the things to look out for ASIC miners.

 

How do I Get a Good ASIC Miner?

As said already, ASIC miners are not that hard to buy. There are sellers all over the world who ship globally. However, the increased interest of the public has led to many scammers entering the market.

 

Fortunately for miners, Qiominer is available clear all the confusion. Over 4 years in developing their supply chain and delivery systems, Qiominer offers its customers a vast range of ASIC miners, such as Bitmain Antminer, Whatsminer and Innosilicon. Customers can even get miners for other cryptocurrencies such as Ether and ZEC.

 

Qiominer prides on its quality services. The firm delivers its ASIC miners all over the world and offers a six month warranty on all of its product, including a 30 day return.

 

For more information on how to get your own ASIC miner, visit the Qiominer website today.

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