How to become a qualified "absentee", do you know all these basic knowledge?

Before you want to know how to participate in Bitcoin mining, you have to understand a few keywords first!

1. What is a mining machine?

A mining machine is a computer used to earn Bitcoins. This type of computer generally has professional mining wafers. It usually works by burning a graphics card and consumes a lot of power. Users use a personal computer to download software and then run a specific algorithm. After communicating with a remote server, they can obtain corresponding Bitcoins. This is one of the ways to obtain Bitcoins. In layman's terms: As long as the mining machine is plugged in, plugged into the network, and turned on, it can continuously produce virtual currency 24 hours a day.

2. What coins can a Bitcoin mining machine mine? Can I mine Litecoin?

Bitcoin mining machines cannot mine Litecoin because the mining algorithm is different! The Bitcoin mining machine runs the SHA256 algorithm and can mine the following currencies:

The Litecoin mining machine runs the Scrypt algorithm and can mine the following currencies:

3. Every day How much does it cost to dig? How long does it take to get the money back?

The mining income of a mining machine is limited by many factors, such as: currency price, calculation difficulty, mining pool dividend ratio, network stability, etc. These are not guaranteed by a mining machine.

4. How to mine coins specifically?

After purchasing the mining machine, it will be hosted in a professional mine, with specialized engineering and technical personnel to maintain and operate the mining machine to help you mine coins.

5. Are there any internet speed requirements for mining? Do I need to use a dedicated network?

Mining does not require the use of a dedicated network, ordinary ADSL dial-up broadband is sufficient. With 4M broadband in an average home, it is perfectly fine to bring a few mining machines. A 10M broadband can support dozens or even hundreds of mining machines.

6. How to know the income?

After the mining machine officially starts mining, it will be given a monitoring address. Through this monitoring address, you can see the daily mining situation and daily income.

7. After I mine Bitcoin, how do I exchange it for RMB?

The mine has professional customer service. After mining Bitcoin, tell the customer that when you think the price is right, ask the customer service to help you sell the Bitcoin, exchange it for RMB, and transfer the money directly to Your bank account!

8. How to mine Bitcoin?

ASIC mining machine manufacturer Langya list

First place: Bitmain (Bitmain)

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Bitmain (Bitmain), a mining equipment manufacturer from China, is currently the largest mining equipment manufacturer in the world. According to co-founder Wu Jihan, Bitmain already owns more than 70% of the market share of Bitcoin mining machines, selling hundreds of thousands of AntMiner machines every year, and mining machines are the company's main source of income.

Bitmain’s Antminer, Antpool, and cloud computing power HashNest all rank first in the global market. Antminer now has almost no rivals. Antminer S9 has become the most popular ASIC Bitcoin-specific mining machine in the world. Antminer S9 is the first mining machine to use 16nm process chips. It was released in June 2016. It is equipped with the BM1387 chip independently developed by Bitmain, with a single chip computing power of 74GH/s. According to the difference in chip frequency, its S9 series includes products from 9.5T to 14T, mainly related to core frequency and power consumption. It is still the mining machine with the highest return rate since its release, and it is also the mining machine with the largest computing power.

Second place: Canaan-creative

Canaan-creative was founded in 2013. It is a supercomputing chip and digital blockchain computing equipment manufacturing and regional company. A provider of overall blockchain computing solutions, it is also the first company in the world to develop SHA256 dedicated computing equipment.

The representative mining machine is AvalonMiner741, which uses Avalon’s self-developed A321288 chips, 16nm process, and has a computing power of 7.3TH/s. In addition, in order to reduce product costs, Avalon is one of the few manufacturers that does not include control circuits in its top products, and the basic threshold is relatively high. It requires an additional controller or Raspberry Pi, and an AUC3 converter and AUC3 data cable to work.

Third place: BitFury

BitFury’s current main product is a 16nm ASIC dedicated mining chip. Bitfury does not sell mining machines directly to consumers, but mainly sells complete data center equipment to enterprise users.

BitFury was founded in Russia in 2011 and is headquartered in Belgium. It has management departments in San Francisco and Amsterdam, and data centers in Iceland and Georgia. In the early days, it was an ASIC Bitcoin mining machine chip research and development team, and now it has transformed into blockchain basic data services and transaction processing services.