The crypto currency is electronic money that is not from a particular country and not produced by a government controlled bank. These digital currencies are also called atcoines. They are based on cryptography. This currency is produced by a mathematical process so as not to lose its value as a result of a great circulation. There are different types of crypto currency such as Ledecoin, Bitcoin, Peercoin and Namecoin. Transactions using digital currency are carried out using the mining mechanism. Those who want to do this process, generate money in their computers using the software for this purpose. Once the currency created, it is recorded in the network, announcing its existence. The value of alticoinins has risen astonishing levels over the past two years and, as a result, its mining is now a very profitable company. Many companies have started to make fleas exclusively used to execute the cryptographic algorithms of this process. Antminer is a popular ASIC material used to draw Bitcoin.
Mining Bitcoins: Andminer comes with different specifications such as U1 and U2 +. U1 and U2 + have about the same size. Although U1 has a default hash level of 1.6 GH / s, U2 + has the hash level of 2.0 GM / s. The process of entering Bitcoins transactions in the public book is known as Bitcoin mining. The new ones are introduced into the system through this process. The Bitcoin minor can earn transaction and grant fees for newly created coins. ASIC (application-specific integrated circuit) is a microchip specially designed for this process. Compared to previous technologies, they are faster. The service offered by the Bitcoin minor is based on specified performances. They provide a specific level of production capacity for a fixed price.
Altcoins mining: Although this process is very easy, they are much less value compared to Bitcoin. Because of their lower value, alkinds are not as popular as the other. Those who want to gain from their locals can handle the appropriate program on their PCs. Alticoinins use the mining algorithm known as “Scrypt”. They can not be solved using the ASIC chips. Minors can then spend the currency or exchange bitcies to currency exchange crypto. For the AltCoinins product, the minor must write a short script for the command prompt. Those who are perfectly writing the script are ensured. You have to decide to join a swimming pool or produce alone. The choice of the pool is the ideal choice for the minors of Altcoinin.