A Brief History of Crypto
If you’re looking to get into mining crypto currency, it’s important to understand it. Crypto currency, also known as crypto for short, is a revolutionary way to interpret money and it’s value. All crypto currencies operate on what is known as a Blockchain, or, a series of unalterable and verifiable transactions. These transactions require computing power to process the information. This is what is known as mining.
The most famous crypto currency currently in circulation is, of course, Bitcoin. This crypto currency is inseparable from the public consciousness of what crypto currency is. It’s a little like Kleenex or Band-aid. Those are brands of a particular item, but the name is more recognizable than the actual product. Kleenex being a tissue, and Band-Aid being a bandage.
As the bitcoin craze took the world by storm, so did the people looking to make their fortunes mining it. As more and more people started mining, their computers had to become more and more powerful to compete. Mining was once something you could do in the background of your home PC while playing games or surfing the web. Now, you’re going to need something a lot stronger than that just to keep up with the vast ocean of other miners. Enter, the Antminer.
What is an Antminer?
Antminer itself is a company that produces high power mining rigs. In the past, people would use high powered graphics cards. The very same cards most PC games purchase to make sure they can run the newest games on the highest graphics settings. However, Antminer decided to get right to the point when it came to mining crypto currency.
Antminer is a specific mining rig designed to mining exceptionally fast with its hyper efficient set up. Antminers are considered among the most reliable and profitable miners available to the general crypto mining public. Since mining in the traditional way has become more and more difficult, Antminer is filling in the space left open for amateur miners to essentially go professional. So, in so many words, Antminer is a very efficient computer with insane amounts of processing power that is designed to do one thing – mine cryptocurrency as fast and efficiently as possible.
Why Should I Buy an Antminer?
You should buy an Antminer if you’re looking to actually turn a profit mining cryptocurrency. However, and we cannot stress this enough, you must make sure you are purchasing your equipment from a reliable source! You cannot afford to be fooled into buying a knock off product which operates at a significantly lower efficiency, if it runs at all. The average investment can range from a few hundred dollars to thousands of dollars. If something seems like it might just be too good to be true – it’s probably just too good to be true.
If you’re looking to get serious about mining cryptocurrency, starting with Antminer is your safest bet when it comes to reliability, durability, and sheer power. Antminer rigs are designed to be as energy efficient as possible so that you can actually turn a profit. That is not to say you’ll be saving money on your electric bill, but you want to make sure that money is well spent.
What should I be looking for in a miner?
When you first get your miner and get it all hooked up, you’re going to connect to what is referred to as a “pool”. This is essentially a group of folk just like you working together to mine whichever specific crypto you’ve decided to mine. The higher your processing power, the faster you’ll be cashing in on the cryptocurrency of your choosing. Your Antmining rig will be measuring its capabilities with it’s Hash Power. This is commonly abbreviated as TH. Obviously, the Higher the TH, the better your rig will be at mining.
What miner is best for a beginner?
As the market is always changing, deciding which Antminer is best for you is also always changing. However, this does not mean it’s hopeless to find a place to start out. Some miners have found some success using Antminer S9 models. These miners are relatively cheap by today’s standards and offer a great entry point for someone who is generally considered pretty new to the game.
The most important thing to consider is buying something you’re comfortable starting with. You have to take energy consumption into account when mining, and you’re not looking to raise your power bill by 200 percent your first month of mining.