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SVTPerformance's Chain of Restaurants
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Who is into building PC's/Gaming rigs?
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<blockquote data-quote="bullitt2735" data-source="post: 15649797" data-attributes="member: 82002"><p>it doesn't have to be a dedicated computer but it is usually more energy efficient to make a dedicated mining rig.</p><p></p><p>Mining is the process of validating transactions on the blockchain ( A digital ledger on which bitcoin is built) the mining is done by solving a series of complex math problems, usually done with a GPU or an ASIC (application-specific integrated circuit). Bitcoin is no longer mined with GPU's but rather with ASIC's. But there are lots of other profitable coins to mine that do still work with GPU's. When you mine on your hardware you are rewarded for solving a problem with a coin/part of a coin, which may or may not have any value depending on how the market is doing.</p><p></p><p></p><p></p><p>I could go on forever explaining but that's a quick rundown. If you really are interested, feel free to pm me, or just do lots of googling, that's how I got into it a few years ago as I'm a huge nerd and love the technology behind blockchain.</p></blockquote><p></p>
[QUOTE="bullitt2735, post: 15649797, member: 82002"] it doesn't have to be a dedicated computer but it is usually more energy efficient to make a dedicated mining rig. Mining is the process of validating transactions on the blockchain ( A digital ledger on which bitcoin is built) the mining is done by solving a series of complex math problems, usually done with a GPU or an ASIC (application-specific integrated circuit). Bitcoin is no longer mined with GPU's but rather with ASIC's. But there are lots of other profitable coins to mine that do still work with GPU's. When you mine on your hardware you are rewarded for solving a problem with a coin/part of a coin, which may or may not have any value depending on how the market is doing. I could go on forever explaining but that's a quick rundown. If you really are interested, feel free to pm me, or just do lots of googling, that's how I got into it a few years ago as I'm a huge nerd and love the technology behind blockchain. [/QUOTE]
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