Types of Bitcoin Mining
A bitcoin can be mined mainly in 3 ways.
- GPU Mining: In this process, coins are mined with the help of a graphics card.
- CPU mining: In this process, coins are mined with the help of a central processing unit.
- ASIC mining: ASICs (application-specific integrated circuits) is one of the most widely used bitcoin mining methods that work on a specific algorithm.
What is bitcoin mining? How does it work?
Cryptocurrencies are one of the most advanced pieces of technology, attracting investors throughout the globe. Among these cryptocurrencies, Bitcoin is one of the most popular ones. It’s a simple digital currency that works on a decentralized network and doesn’t involve any financial institution or government. Bitcoin turned out to be quite profitable for many people. However, investing in bitcoin has many downsides, too, like its prices are very volatile, and still, it’s not accepted as a currency in most parts of the world.
Contact Us