The internet has brought a lot of changes and development making the world a global village. Every sector in life today seems to rely entirely on the internet. The business world has embraced the internet with great dominance due to the opportunities that have been realized and are still being witnessed by the day. The world’s financial sector has gone through a lot of changes in the past few years all tied to technological and scientific innovations
The greatest innovation of the 21st century on the internet has been the blockchain technology. The technology is seen as the internet of the future. Many people have had different opinions about the same. At the moment, most major banks are trying to research further it. Cryptocurrency was invented less than a decade ago by an unknown person or group of people knows by the acronym Satoshi Nakamoto.
There had been some attempts in the late 90s to come up with decentralization in money systems without success. Blockchain managed to bring about a breakthrough in this sector. Consensus, however, became a great issue because every online transaction demands a consensus. To cover this setback, bitcoin was invented as the first form of decentralized money. Using P2P network plus PoW and PoS protocols, bitcoin became a world currency. With blockchain technology, the need for a third party in transactions has been eliminated.
Bitcoin opened a door for many other coins referred to as altcoins to be made. Blockchain presents top-notch security making it the safest way to transact online. There are over 1000 cryptocurrencies in the world today.
How is bitcoin made?
Bitcoin doesn’t really exist passé. It exists in digital form and there is no way of proving its existence except through evidence of online transactions. Physical currencies can be touched and seen. They can be used in tangible form as fiat currency. There has been some breakthrough in cryptocurrency too with some companies coming up with a way to use the currency offline. Amazingly, bitcoin ATMs are cropping up across the world. Many shops are starting to accept bitcoin as a payment method.
Bitcoin is made through a process called mining. Just like the normal gold exists in an underground invisible form until they are dug, bitcoin also exists in a hidden form until they are mined.
Bitcoin mining can be simply described as the process by which transactions are verified and added to a public ledger. As mentioned earlier, bitcoin doesn’t really exist but through verified transactions. The public ledger is known as blockchain, it is the means through which the release of bitcoin is achieved.
When bitcoin was still new on the market and the only digital currency, mining was very easy. Anyone could do it using a computer. Today, the level of hardship has increased significantly and it can take an individual over a year to mine a single coin. Power consumption is another big issue. Because of these, mining needs special hardware. A CPU can no longer run the mining process. As such, special mining hardware called GPU miners are used specifically for the process.
What is GPU miner?
There are three categories of bitcoin mining hardware that are commonly known in the mining community today. There is a great difference between them in terms of price and functionality. These are GPU, FPGAs, and ASICs. This article focuses on GPU mining.
In theory or hypothetically, you can use your computer CPU at home to mine. Well, it was possible at the beginning, however, mining today is harder and more complicated and using a CPU is just impractical. It can take you ages by today’s standards to achieve anything. You can, however, add graphics hardware to your computer to enhance your bitcoin hashrate. A hashrate is simply the number of calculations that your hardware can perform per second as it attempts to solve mathematical problems which create bitcoin. The graphics hardware is known as graphical processing units (GPU).
A GPU is specifically designed to lift heavy mathematical equations to enable calculations of all polygons with high complexity, same as used in video games. GPUs have one advantage over other hardware in that they leave your options door open. Apart from bitcoin, you can use it to mine other altcoins.
Top 5 GPU motherboards
There are many GPUs on the market today and each presents features that are unique and attractive on their own level. However, finding a good GPU is not very easy. Here are the top 5 GPU motherboards on the market.
1. ASUS B20 Mining Expert LGA1151 DDR4 HDMI B250 ATX Motherboard for Cryptocurrency Mining (BTC)
If you are looking to have the best experience in bitcoin mining, then ASUS B250 Mining Expert is the ideal solution for you. The most important thing to consider in mining is the level of hashrate produced in every second; this miner delivers the highest hashrates and the best mining ROI. The ASUS B250 is built with the most superior cryptocurrency mining.The miner is designed with Tripple-ATX12V power delivery and mining mode BIOS optimization. Has PCIe Slot State Detection that will offer you instant GPU feedback for 19 PCIe Slots. As if that is not enough, the 5x protection III with a safe slot core will give you optimum protection for your investment.
You can get maximum connectivity and speed with 19x PCIe slots and up to 32GB DDR4 2400 RAM, USB 3.1 GEN1 and Intel Gigabit LAN.
2. Li Bai Mining Motherboard 6 Graphics Cards for Intel CPU included Eth Zec 6 gpu/PCIe fast shipping
If you have got your interest in fast shipping, never used and brand new card, if you do not like cable mess, then this is the ideal choice for you. If you have a problem with the cost of PCIe risers, here you have the choice to eliminate them and CPUs all in one unit. You can actually make your budget using this Li Bai motherboard for a great mining machine. It contains the cheapest ram eliminating the need and cost for desktop DDRM3/DDRM4. It gets better with the pre-installed J CPU so that you don’t have to buy again. You will not find any issue with spacing between cards, there is a provision of 1.4” extra space for GTX 1070. It is one of the most outstanding motherboards made with very high quality.
3. BIOSTAR H81A LGA 1150 Intel H81 6GPU mining motherboard cryptocurrency
The motherboard contains audio and audio upgrading features to enhance your audio performance. The BIOSTAR motherboard supports Blue-ray audio DRM and provides a really high audio output of 24 bit/192KHz than the 16 bit/48KHz from the normal MB. DVI is better than VGA if you are using LCD screens because it is digital.LCD displays pictures in a digitalized pixel per pixel.
BIOSTAR also has Direct3D 11.1 direct 3D 10 APIs and Direct3D 11 APIs to use one underlying rendering devices. As if that is not enough, it allows developers to achieve fully conformant software rasteriser. It uses SmartSpeedLAN, software that monitors and manages your PC’s networks behavior to give you a better experience. BIOSTAR has the friendliest GUI that allows you to select and prioritize a variety of network traffic. As if that is not enough, you can set specific applications and choose to block accordingly. When it comes to power solution, the motherboard has a charger booster, a technology that is able to boost charging time for speed and efficiency.
4. Adealink 6 GPU H81 Mining Motherboard PCI-E Extender Riser Card
Adealink presents some of the most amazing features on the market today. It is made of metal and plastic material with a board size of 128x43mm. The item is made with 6 pin power cable with an H81 chipset. Integrated graphics will give you the best mining experience. It uses SATA III application with LGA 1150 CPU. At the same time, contains 8 USB ports and two-channel memory, supports DDRM3. It supports high-speed PCI-E 1x, 4x, 8x, 16x card. However, it does not, support disk array, though it can for Onboard LAN.
5. Biostar Motherboard TB250-BTC PRO Core i7/i5/i3 LGA1151 Intel B250 DDR4
This is one of the most efficient GPU motherboards on the market today. It supports 6 AMD and 6 Nvidia GPU’s Intel B250 Core i7/i5/i3/Pentium/Celeron (LGA1151) plus DDR4 2400/2133/1866*DDR4 2400 for the 7th Gen Intel core processors. To use GPUs, it requires BIOS setting changes. One disadvantage, however, could be that windows do not support more than 8 of AMD or Nvidia GPUs, though depends on the user preference.
What do you need to start Mining?
Getting into bitcoin mining is really simple and anyone can join the mining community. There are a few things that you will need, however, to start mining.
- Personal drive
The first step to mine bitcoin and the most important necessity is to have a conviction. Make sure you have developed a proper interest in the activity. As much as it is easy, it requires that one has some basic knowledge of how it all works. If you just get in without having any clue, then you may end up losing more than winning.
- The best mining hardware
In order to start the actual mining process, you will be required to acquire a mining hardware. During the early days of bitcoin, it was very easy to mine with just a computer or any high video processor card, which is no longer practiced today. You will need to buy a special hardware, most which are available on Amazon online shop. Custom ASIC hardware chips are the best today, offering performance up to 100x compared to older systems in the industry. You should consider power consumption when choosing hardware to avoid loss.
- Mining software
It is impossible to mine without proper software. After acquiring hardware, you will need to download software. There are very many software on the market depending on the type of computer you are using. Commonly used software are CGminer and BFGminer. For beginners, Easyminer which comes with GUI could be a better choice because of ease of use.
- Join a pool
There are several ways of mining bitcoin. You may desire to go solo but that will take you a really long time to mine a single coin. The best choice is to join a mining pool.
- Digital Wallet
A digital wallet is just like a physical wallet, only it is used for online transactions. This is where your bonuses will be sent. Connects you to the platform and are used to store your coins.
- Keep your ear to the ground stay up to date with bitcoin performance
- What other methods can one acquire bitcoin through?
- Mining bitcoin is the main way to get bitcoin but is complicated and requires expertise. You can opt to buy bitcoin which is easier. You can also trade bitcoin or get from a friend.
- What is the best way to mine between solo and pool?
- Solo mining is good because you don’t share the rewards; however, pool mining is the best because you put together brains for first solving. It can be hard doing it alone.
- What should I consider in a mining pool or platform?
- There are many mining pools on the market today. It may be difficult to identify a genuine one since there are many scams in the industry. You can find out from reviews of other users and market capitalization.
- What is the best crypto to mine?
- Bitcoin has been around for quite a while as the first digital currency. However, competition has grown so high that it does not have that much market cap. The best crypto will be determined using its performance on the exchange you are using. Keep yourself up-to-date to know which one you can switch to.
Bitcoin mining is a trending topic in the world today. As much as it can make someone rich, it is advisable to tread softly. It is easy to get a good miner using the internet. The WWW provides a solution to almost everything. Before you start mining, it is important to consider what you are putting in against what you expect. There is hardware that consumes too much electricity, such will cost you. Do some researches before you start mining to understand how the whole process works. You can mine as a part-time activity, however, focus and putting in your time fully will give you better chances of earning well.