Crypto currency is a digital virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double spend. Many crypto currencies are decentralized networks based on block chain technology a distributed ledger enforced by a disparate network of computers. As a high value currency in the world, crypto currency is been traded and mined by many which has made a lot of people and some many business bodies and companies very rich.





Let’s look at crypto mining when we talk about crypto mining what do we actually mean?



Crypto mining is the process by which new units of digital currency are created. This is where bitcoin mining comes in, the process by which new units of currency are made or “minted”, and introduced into the market. Bitcoin mining is also the process by which new bit coins are entered into circulation; it is also the process of adding records to bit coin public ledger of past transactions, (and a “Mining Rig” is a colloquial metaphor for a single computer system that performs the necessary computations for the mining process.

How does bitcoin mining works?



Unlike a centralized physical bank, Bitcoin acts as a decentralized banking ledger, a transaction record kept in multiple locations at once and updated by contributors to the network. That record is called the blockchain. The blockchain is updated by adding new blocks of data to that chain, which contains information regarding Bitcoin transactions.



How do you mine crypto? Crypto is mined using a mining rig. Here is an example of a mining rig in the video below.



A typical rig will include all the components of a PC—motherboard, CPU, GPU, RAM, storage, and power supply. As mining has evolved, people have created more intricate setups and specialized equipment designed to maximize processing capability. The first miners used their personal computers with only the processing power of one CPU at their disposal.

 

Different Mining Rig

1. 8 GPU Mining Rig    (₦ 3,550,000)



A 8  Radeon RX 580 8gb rig (with Hynix memory) Compete Rig built with one 1050 watt and 850 watt each PSU. 120 GB Kingston SSD hard drive and a 4GB DDR4 memory.

Rig is completed with all configurations intact, 100% plug and play.

Rig makes an average 240 mh/s on the Ethash Network equivalent to an average profitability of $40 per day and $1300 per month.

2.  6 GPU Mining Rig   (₦ 2,900,000)



A 6 radeon rx 580 8gb rig (with hynix memory) compete rig built with one 1500wat psu. 120 gb kingston ssd hard drive and a 4gb ddr4 memory. rig is completed with all configurations intact, 100% plug and play. rig makes an average 180 mh/s on the ethash network.


OWN A PROFITABLE RIG MINER TODAY

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