My Bitcoin Mining Definition 2021.
Bitcoin mining is the process of creating new bitcoin by solving a computational puzzle. Bitcoin mining is necessary to maintain the ledger of transactions upon which bitcoin is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. In essence, you make money providing bitcoin mining answers to complex computational puzzles. Some puzzles are easy and others are extremely difficult.
The more computing power you own then the greater chances of solving a complex puzzle faster. A slow computer will solve complex puzzles slower, although you will still make money on slow or fast computer systems.
Buy NVIDIA RTX 3070, 3080, 3090 for GPU bitcoin mining.
Introduction to Bitcoin Mining 2021
Bitcoin Mining in 2021 can be profitable. Bitcoin mining requires advanced programming skill set and advanced knowledge of computer engineering & the ability to build custom computers from scratch.
- Gigabyte GeForce RTX 3090 Vision 24G OC Graphics Card ($3999.00 AUD + GST)
- INTEL CORE I7 10700F PROCESSOR ($699.00 AUD + GST)
- GA-B460-AORUS-PRO-AC MOTHERBOARDS ($345.00 AUD + GST)
- Gigabyte Riser Cable PCIe 3.0 x16 – 200mm ($125.00 AUD + GST)