What is a cryptocurrency miner?

One of the most mysterious elements of the cryptocurrency market - at least for novice fans of digital assets - are cryptocurrency diggers, used to [...] https://www.pinterest.com/pin/1085437947660215829/

One of the most mysterious elements of the cryptocurrency market - at least for novice fans of digital assets - are cryptocurrency miners, used to mine digital coins. These machines, play a very important role in the blockchain network, both Bitcoin and other cryptocurrencies. However, we will start with the most important question: what is a cryptocurrency miner anyway? A cryptocurrency miner - what is it? A cryptocurrency miner is actually a type of machine that has a certain amount of computing power - in this aspect, it can be compared to a standard home PC. However, in the context we are interested in, instead of using this computing power to generate the world in computer games, cryptocurrency miners are used to solve mathematical puzzles (hashes), which are required to confirm the existence of transactions in the network. More on how they work, you will read in a moment. It is worth mentioning here that it is by using the computing power of their machine that digital miners issue new digital currencies. For example, as of the writing of this article, the Bitcoin network is generating 12.5 BTC with each new block, or every 10 minutes. Behind the entire process is what is known as distributed computing, which is computing that simultaneously uses the power of several devices (which can be geographically dispersed). The performance of the copiers is measured in hashes per second (H/s). In turn, they are built on a set of graphics cards or are dedicated devices with specialized chips, used to perform calculations on a specific algorithm. The latter are called ASICs. An example of an excavator built on the basis of an ASIC chip is the Antminer S17 excavator, which was created to perform calculations on the SHA-256 algorithm. Cryptocurrency miner vs computer It has probably intrigued many of you that a cryptocurrency digger is actually a tweaked computer. In theory, you could say that. However, for [...] [...] [...] [...] [...] [...]   [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...]   [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...] [...]