In 2018, the beginning miners are at a crossroads. On the one hand, they want to buy equipment, build a farm and customize everything by themselves. On the other hand, the increasing network complexity frightens them and incites to go in for cloud mining. Which option is better and what to start mining in 2018?
Mining is one of the simplest and most popular ways of participating in blockchain projects. It does not require special knowledge, but rather is a kind of long-term investments with the expectation of quick payback and additional profit. But what is to start with, while making first steps in the area?
In recent years, crypto-enthusiasts from around the world have found their place in the fast-growing world of blockchain and become part of its rapid rhythm. Like any ecosystem, it has also formed its own institutions: developers who literally pave the way for evolution of the system, miners, ICO-specialists, traders. While the bride heads at the conferences decide whose blockchain is steeper, every 10 minutes somewhere an ordinary man rejoices. Let’s stop on this man.
Most miners purchase video cards with stock air cooling systems and load them in 24/7 mode. However, this mode is harmful for devices and doesn’t allow them to be overclocked properly, which dramatically reduce efficiency of mining. The solution is water cooling.
For those users who are superficially familiar with mining terminology, the concept of merged mining is associated with pools and commingled production. However, that is not quite the case. Today we will define the terminology and find out why merged mining is beneficial for both young blockchains and small miners.
Unlike ASIC, FPGA-based mining installations can be reconfigured for other tasks. In mining it works like this: if the network algorithm changes or there is a need to switch to a more profitable blockchain, FPGA adapts to them.