What is a crypto currency and how to earn it with the help of mining?

To date, almost every activeInternet user has heard about crypto currency, bitcoins, miners, etc. However, few have a clear idea of ​​what a crypto currency is and how to earn it. The article that you are reading now is written specifically to introduce you to the course of the case, as well as to give as much detail as possible about all the nuances associated with this issue.

What is a crypto currency

Crypto currency is a digital (virtual) currency,which is based on cryptographic protection. In simple terms, it is a coin (coin) consisting of 100 million parts (satoshs), each of which carries encrypted information (crypts). This system provides crypto currency maximum protection not only from hacking and theft, but also from various kinds of fakes.

It is the high level of protection that has attracted the attention of most investors who bet on bitcoin until the moment when he began to grow in value. The price policy, in turn, depends on the level of confidence of the holders of the currency.

Variety cryptocurrency

There is nothing surprising in that afterthe phenomenal success of Bitcoin, which is the first crypto currency in the world, began to appear new koin. They are eager to repeat the achievement of their elder brother. Before you learn how to earn bitcoin from scratch, let's look at the top ten leaders, and also pay attention to the cost of these coins.

Miners

As we already know, the first digital currency wasbitcoin. It appeared in 2009, and the history of its creation is still shrouded in mystery. After the debut of the military technical cooperation, so-called miners began to appear, which use the performance of the processor and video cards, producing crypto currency. To date, there are many ways how to start earning Crypto-Currency, which we will certainly tell.

Mining

After bitcoin was in the openaccess, the only way to mine it was mining. This is a unique process that allows you to get Satoshi (one hundred millionth bitcoin), and collect them into blocks that later create the coin itself. Let's learn in more detail how to earn the Crypto-currency on the mining and what is needed for this.

Due to the fact that the process of mining becomesmore difficult, people began to collect "farms". Each consists of a high-frequency processor, a motherboard, a powerful power supply and ultramodern video adapters, the total number of which (on one equipment) varies from 4 to 8. It should be noted that along with the demand for crypto currency, the cost of video cards, for example, GTX 1080 costs about $ 1000. One such card is capable of bringing about $ 5 a day, which means that it will pay for itself within 7-8 months, provided that the cost of consumed electricity is deducted.

Which graphics cards are better for mining

Most people, even from among those who know,that such криптовалюта and as it to earn, make gross errors at a choice of videoadapters for assemblage of "trusses". At the moment, you can find a lot of ads that are selling absolutely new, quality farms, which will necessarily bring you unprecedented income. However, do not rush to part with your money and buy a "cat in a poke."

First of all - pay attention to the modelsold video cards. If they relate to an outdated lineup, then there is no point in such an acquisition, since their profitability at any time may decrease so much that you will not even be able to recoup the equipment. You should always remember that mining is a process that is constantly complicated. If in 2009 it was realistic to get the most simple video adapter or processor up to 10,000 bitcoins per day, then today, having a good farm, you will earn about 0.01 PTS ($ 24).

Let's look at the main characteristics that modern video cards used for mining should have:

• Video Memory Size. Here everything is extremely simple - the more volume, the better. In order to run, for example, ethereum, video adapters with a capacity of 2 GB are ideal.
• Memory Speed. By looking at the video card for future useuse in the production of crypto-currency, pay attention to the standard of installed memory. The best option is DDR5, which consumes significantly less power than its predecessors, and also has a large processing power.
• Overclocking ability. This is not the most important detail. When overclocking a video card, you can achieve an increase in its power, sometimes up to 40%. But it is worth noting the fact that when using improper settings in the client client, the profitability from the overclocked graphics card may even decrease, and the power consumption may increase.
• Cooling. This is perhaps the most important point, evenDespite the fact that it is at the very end of our list. Stable operation of all graphics card systems, as well as its durability directly depend on the cooling system. The least susceptible to overheating - modern video adapters from Radeon.

Top-5 video cards for mining in 2017

You already know what crypto currency is and how to make it with the help of a "mining farm". We have prepared for you the top 5 video cards that are best suited for the production of digital currency:

Bitcoin-cranes

Having calculated the approximate value of the "farm"many people are beginning to look for a way how to earn bitcoin crypto currency from scratch, without any investment. One of the options, how to get "freebie" in the form of satos, are services called Bitcoin-cranes. These are special Internet resources that offer their visitors to perform some action, for example, to introduce captcha, and then get their reward. For a couple of clicks, you can earn from 100 to 1,000,000 satos, accrued at random.

The amount of remuneration depends onthe popularity of the resource: the more unique users - the higher the cost of advertising, which is the main type of earnings for the organizers of bitcoin-cranes.

Cloud Mining

This method is perfect for those who do not wantto waste time on the purchase and installation of equipment for mining, which also consumes quite a lot of electricity. All you need is to choose a suitable and reliable resource that provides the opportunity for cloud mining, and then rent a certain amount of capacity.

Some services that lease out capacity,provide a one-time bonus for registration, and also have a referral system. Many users, as a rule, from the countries of the post-Soviet space, use the provided bonuses as a start-up. And then, money received from mining, reinvest in the lease of new capacities, increasing revenue. This is another way how to earn a crypto currency from scratch.

The best services for cloud mining

Before you entrust your money to somebodyservice, you need to make sure of its reliability, as well as solvency. Otherwise, there is a risk not only to stay without earning, but also to lose your own savings. Next, we will list the seven "cloud farms" that are popular among the miners:

1. Hashflare - offers the highest revenue from ether production (ETH), which is 200% of the value of the purchased package (contract).
2. Hashing24 - an analogue of the above-mentioned service, however, only bitcoins are produced here. The regular representative in the list of the best "cloud farms".
3. Minerjet - one of the most popular resources, which offers to extract several digital currencies: ethereum, monero, litecoin, etc. You can earn up to 200% per year without investments!
4. Ilivion - recently appeared service, which gives the opportunity to extract bitcoins. The estimated profit is 3% per day from the cost of the package.
5. Bit-hit - most experienced users who know thatsuch a crypto currency and how to make it, choose this "cloud". Here you can not only extract BTC, LTC, ETH and other types of digital currency, but also withdraw your earnings every day, which is sometimes very convenient.
6. Speedmine - the most stable service, which has an attractive and convenient interface. The profit comes to a mark of 4% per day.
7. Cryptomonitor - a reliable site that has existed for two years. The profit from the acquired contract is 200%.

How to earn on the exchange Crypto currency

In order to master this type of earnings,it is necessary to understand the specifics of the work of exchanges. Their main task is to provide their own sites for making transactions using digital currencies (sell, exchange, buy). As a rule, people who know where to earn the crypto currency, and successfully do it, convert the accumulated coins into the rubles or dollars that are customary for us. It was the appearance of such exchanges that saved millions of people from a number of problems related to the cashing and exchange of some bank notes for others.

To the main advantages of modern sitesyou can include a quality and intuitive interface, the ability to access from anywhere in the world, as well as a huge number of proposals for exchange and withdrawal of money. Even a person who has never faced such resources, and who does not know how to make money on the exchange, can quickly navigate and understand the basic principles. First of all, it is necessary to determine for yourself the optimal site, which will not only be rich in internal functionality, but also have a reputation for reliable service.

To date, there is a hugenumber of exchanges on which it is possible to make not only transactions using, for example, the ether (ETH), but also make good money on the difference between the Crypto-currency. Among those there are also Russian-language resources, but the most profitable offers are found on Chinese exchanges. The main shortcomings of services located on the territory of China or Korea include:

• Uncomfortable for CIS residents interface, which is usually in Chinese or English.
• The level of reliability is below average.

Highlights during trading on the exchange

Let's say that you have already found a suitable exchange,completely understood the specifics of her work, studied all the functional. Now it's time to make a profit, but how to earn a crypto currency, bitcoin or your first dollar ?! The easiest way is to include the history of prisoners' operations and graphics. Analyzing the graph, you will be able to observe how the course of military-technical cooperation to other currencies has changed during a certain time interval. Typically, experienced traders use Japanese candles, which display the dynamics of growth or decline. Remember that success will largely depend on how well you learn to read candles.

Characteristic features of Japanese candles are as follows:

• The location of the candle's body always indicatesthe current state of the course. In the event that you entered the exchange at the time of opening trades, and the rate of the crypto currency is quite low, and before the auction ends it has risen noticeably, the body of the candle will be red or black.
• The shadow of the candle always indicates the maximum maximum or minimum of the course at the time of bidding.

There are times when the graph displaysshadow of a candle, but the body is missing. Among traders this is called "dodge". It is also necessary to know the principle of the work of Sell and Order buy, which form a glass. If you translate into a language understandable for a beginner, then this is a complete list of queries collected from all users who have put up for sale or want to buy a digital currency. The glass provides an opportunity for the seller to choose the best offer, and then execute the transaction.

Afterword

Now you know how to earn crypto currency(bitcoins, ETN, LTC) and you can apply this knowledge to practice. However, you should not trust people, sites and viral advertising, which will promise you a sky-high reward in exchange, for example, money transfer. Recently, a lot of fraudulent schemes have appeared, with the help of which intruders try to clean the pocket of trusting users.