The cryptocurrency miner looks like a computer, but different from the usual home or gaming kits. Usually this is a setup with multiple graphics cards or lots of hard drives. Cards usually provide very good performance, and are also cost-effective in terms of electricity consumption. The disks, on the other hand, have a much lower energy consumption and are used to mine the new annual CHIA cryptocurrency. You also need sufficiently powerful power supplies to drive them. The other components are relegated to the background because they have no significant impact on the platform's performance.
Cryptocurrencies can be simply described as virtual money. Most of the currencies work on a similar principle, they use a Blockchain-based system. What is Blockchain? Simply put, it is a blockchain, or a digital register of transactions performed by a given cryptocurrency. Miners' computers (cryptocurrency miners) perform complex calculations that are rewarded with units of currency. Security? Saving and verifying transactions uses cryptography technologies, i.e. huge mathematical activities that encrypt information. The main feature of cryptocurrencies is decentralization. This means that they are independent and not subject to any organization. All information is stored only by the participants of the Blockchain network. How to withdraw cryptocurrencies? So-called crypto wallets are used for this, which are characterized by two keys. Public and private; the first is used for transfers, among other things, but the second is our 'password' for 'logging in' and paying out our prizes.
A computer with a large number of graphics cards
BITCOIN which is the strongest currency in terms of value. It is very popular and is considered the father of all cryptocurrencies. RAVEN, which is quite young and much cheaper currency, also easier to mine. Mining is similar in mechanics to BITCOIN.
A machine that uses mining disks
A young currency that had a great start, distinguished by its hard disk mining technology. It is characterized by a huge amount of forks and a very low energy consumption.
A machine that uses the power of multithreading processors for mining
A cryptocurrency that uses the processing power of the processor to mine coins. The project is under constant development and modification. Possibility of mining together with ETH as dual mining.