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RE: STEEM - Still in flat mode

in #steem6 years ago

how I can quickly earn crypto money by mining mining is a process of securing transactions in a block that completes the blockchain. Encryption is performed by very complex mathematical calculations performed by miners' computers. The latter are thus essential to the mechanism of cryptocurrencies and help secure the currency they contribute to create.

To easily explain what is the mining of a cryptocurrency, the security expert Andreas M. Antonopoulos does the anology with sudoku. "To describe the mining, we could use the example of a huge sudoku contest where participants start a new grid as soon as someone finds a solution. It would be easy enough to check that a completed grid is full. But it will take a lot of work to finish it! The puzzles to solve in the bitcoin network are based on cryptographic hashes and have the same characteristics as these sudoku grids: they are very difficult to solve but it is very easy to verify that a solution is good, and their difficulty can be adjusted ".

As an individual wishing to undermine a cryptocurrency, it is better to join a community to join forces. Because unless you have a very large amount to invest, the mining will be too difficult to achieve alone. This community will provide you with software. Once installed, just let the sofware and let your computer run.

Once a block is completed, the benefit is shared among the community members in proportion to the power of calculations they have provided. Currently, 12.5 bitcoins per block are distributed, more than 110,000 euros at the current rate (1 December 2017). Understand that you only touch yourself a tiny part of the amount, to the extent of what you have contributed. This may ultimately represent less than one euro cent.

Make money by mining Bitcoin (or another cryptocurrency)

But beware, the mining may look attractive on paper, but is not for everyone and many precautions are to take. First of all,and the computer is a bit more expensive for mining but in my opinion it can earn more

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