Vents MagaZine Music and Entertainment Magazine
Related Articles
In fact, bitcoin mining hosting is a very profitable and beneficial occupation. Analyzing the profitability and payback period last year, cryptocurrency mining is recognized as one of the best areas in investing. Most market participants who have invested in mining farms have reached a payback period of 6 months to 1 year. Such a high success led to the fact that many new players who actively bought video cards for this kind of activity appeared on the market. To understand which video cards are suitable for cryptocurrency mining, you must understand the mining methods.
Cryptocurrency mining methods
In essence, mining can be considered normal computing operations that can be performed using several types of devices:
- processors;
- video cards;
- ASIC.
Each of these ways of earning on mining has its characteristics and specifics. Therefore, before studying the profitability of each of the devices for mining, you need to learn them in detail.
ASIC
This device is considered relatively specific as it is not a component for standard computers. Moreover, its real cost is much higher than a standard graphics card. Such a device can be used to operate medium and large mining farms. On average, one such device costs about 200 Euros and more. Their configuration and operation principles are different from standard video cards or processors. Those in this area should wait to invest in ASIC mining.
Mining on processors
This method is considered one of the simplest. First of all, thanks to him, most beginners start mining. However, there are not so many crypto coins that can be mined using processors. The fact is that almost all mining algorithms can eventually be optimized for a video card and later for an ASIC. To date, with the help of processors, only the following cryptocoins can be mined:
- Monero. These coins can be efficiently mined only with the help of processors;
- Raptoreum. These coins appeared not so long ago, and so far, they only work on mining farms from processors. However, shortly, it is likely that mining will be possible using other devices.
Mining on processors pays off for a long time, and only Ryzen processors can be used for this way of earning. They provide users with access to a decent income, and this opportunity can be a decisive factor for many creators of mining farms. To determine the profitability of mining with processors, consider the following example. When mining Monero with a Ryzen processor, you can earn $0.49 per day, excluding electricity costs. Considering such an expense, the daily income will be $ 0.31. Accordingly, earnings will be $ 15.39 or $ 10.1 of net income for a month, excluding electricity costs.
Of course, $ 10 per month is not all the world’s riches. However, you can consider this from another angle to save user costs. Such a powerful processor will generate a large amount of energy and heat. Accordingly, it can maintain room temperature over the area where it is placed. Thus, at least one room will be well-heated thanks to an unusual 100-watt heater. And this will help to save on heating living space.
In addition, you can mine other coins, for example. On Raptoreum, the yield will be almost twice as high. Using a similar processor per day, the income will be $ 0.76, considering the cost of electricity. Accordingly, the monthly payment will increase to $22.8.
Mining with video cards
Theoretically, this mining process should be different from the above. However, in practice, they are almost identical. In fact, with the help of a video card, you can mine only one coin – ether or Ethereum. In addition, there are other coins, the mining of which will bring the final profit. But compared to Ethereum, their profitability is much lower. Therefore, it is best to consider this particular coin for home mining.
To calculate the yield, you can also consider specific examples. The profitability of mining with video cards is higher than mining with processors. Daily earnings will be $ 3.39 per day, excluding electricity costs. If you calculate net income, then its amount per day will be $ 3.17.
