4 . Introduction to Cryptocurrency Mining | Steemit Crypto Academy | Lesson 4 @besticofinder

in hive-108451 •  4 years ago  (edited)

La Mineria Homework Task 4


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What is Mining ?

Crypto mining is nothing more than the exchange of energy that feeds a hardware and in turn has a software layers to solve complex mathematical algorithms in a given time, through an exchange of mining power by a crypto, is measured in hash or h / s the more processor capacity has the machine faster solve the mathematical equation, these machines compete to see who gets the loot the first machine that manages to decipher the code or block is given as a reward a number of satochis



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What is Mining Difficulty ?

The mining power will depend on the processor of the equipment remember that this is able to make the processes faster or slower depending on the generation of the same or the type of manufacturer there are many ways to mine but the most efficient are 2 those designed to really mine the bitmain company or the Gpu (graphics cards) that are designed for "Gamer" which through a ring system are assembled to generate much mining power and thus create as many coins as you want.


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What are the challenges for crypto currency miners ?

we are talking about the current challenges for me is the electricity and the high cost of the equipment and also that they are currently scarce due to the high demand the few that remain are sold at a super high price, I think the first factor to take into account is the electric energy, I believe very openly that the world energy is the next topic to be discussed because in my opinion every day is more expensive.


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well I say goodbye first of all giving thanks to God secondly giving thanks to the curators and my biggest thanks to professor @besticofinder



CC:

@besticofinder
@steemcurator01
@steemcurator02


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Hello @perozo23,
Thank you very much for submitting homework task 4 ! You have discussed all the topics well. Nice work [5]
Thank you

Thank you very much @besticofinder