Which coins need mining software
Some new virtual digital coins can be mined by computer, such as eth, Zec, Monroe, XRB, etc
because the whole network computing power required by this kind of token is not high, the probability of hash collision of the computing power of personal computer can find out the answer in a short time, so as to obtain the block reward. However, this kind of token generally has little value, or has no high risk, so it doesn't mean much
extended data:
mining risk:
1. Electricity charge:
to make the graphics card full load for a long time, the power consumption will be quite high, and the electricity charge will be higher and higher. Many professional mines at home and abroad are operated in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even in a certain residential area in Yunnan, there was a case of crazy mining, which led to a large area trip of the residential area, and the transformer was burned
2. Hardware expenditure:
mining is actually a competition of performance and equipment. Some mining machines are composed of more such graphics card arrays. With dozens or even hundreds of graphics cards, the cost of hardware and other costs is very high, and mining has a considerable expenditure
in addition to the display card burning machines, some ASIC (application specific integrated circuit) professional mining machines are also put into the battlefield. ASIC is specially designed for hash operation, and the computing power is quite strong. Moreover, because their power consumption is far lower than that of the display card, they are easier to form scale, and the power cost is also lower. It is difficult for single chip display to compete with these mining machines, This kind of machine costs more
3. Currency security:
the withdrawal of bitcoin requires hundreds of keys, and most people will record this long string of numbers on the computer, but the frequent problems such as hard disk damage will make the key permanently lost, which also leads to the loss of bitcoin
4. System risk:
system risk is very common in bitcoin, and the most common one is bifurcation. Bifurcation will lead to a drop in currency price and a sharp drop in mining income
however, many cases show that the forking will benefit the miners, and the forked competitive currency also needs the miners' computing power to complete the minting and trading process. In order to win more miners, the competitive currency will provide more block rewards and handling charges to attract miners. Risk makes miners
if you are a retail investor and don't know the technology, it is not recommended that you buy mining machines for mining, because the profit of mining by retail investors is very low. If you are trapped by mining machine manufacturers, you can never get back the cost. If you want to experience it, I suggest you buy Avalon 3 single-mode miner, the overall performance is good. Of course, if you have abundant funds and the ability to arrange the mole cluster, because of the scale effect, the income is still very objective, you can buy Avalon 3 to set up your own mole cluster miner
there are risks in mining, so you need to be careful in purchasing machine!
if you want to see if the mobile phone can dig, just see the effect. Don't even try.