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location Home > News > Details

What does Bitcoin have to do with mining? How to mine your own bitcoin?

2022-04-08 10:28

When referring to Bitcoin, we often hear words such as "mining" and "miner". We know that mining is to make money, so how do miners mine Bitcoin? What about your own bitcoins?

What Is Bitcoin Mining?

Bitcoin is a kind of virtual digital currency, and its generation requires a lot of operations through specific programs, and this process is called "mining", and the people who mine are called "miners". We wont discuss more academic content. Even if we dont understand the principle of Bitcoin mining, we can still make money through Bitcoin mining.

Unlike traditional mining, in the process of Bitcoin mining, miners do not need to participate in the work. Miners only need to purchase equipment for Bitcoin mining, make corresponding settings, or host the Bitcoin mining equipment in the mine to mine BTC and have their own BTC.

If you want to participate in Bitcoin mining, it is actually very simple, you only need to buy a mining machine. If miners do not know how to set up mining software and mining pools, etc., they can also contact mining platforms such as LLGO. We provide miners with a one-stop solution, from mining machine purchase to mining machine hosting and mining machine operation and maintenance , do not need miners to worry about.

Miners only need to place an order with one click according to their own needs, and they can earn bitcoins while lying at home.

Why Mine Bitcoin?

From the perspective of the whole bitcoin network, bitcoin digging is in the demand of maintaining the network. Each mining machine is a node in the network, and each node provides support for bitcoin trading and production. The existence of a large number of nodes maintains the security of the bitcoin network. This is the significance of bitcoin mining for the existence of bitcoin network.

However, from the perspective of our miners, the biggest advantage of mining is that we can make money. At present, a large number of bitcoins are circulating in major cryptocurrency exchanges. Miners can sell the bitcoins they dig in exchange for dollars.

Of course, due to the high volatility of Bitcoin prices, many miners will not sell the Bitcoins they have mined immediately, but will sell them when the price is at a high level.

If you want to mine Bitcoin, but have no relevant knowledge and experience, please contact LLGO, we will be happy to answer your questions and provide corresponding service support.


BTC
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Issue amount 21000000
24 hours volume 2.60M
24 hours turnover $ 42.90B
Market Direction Long
Panic Index 55 (Greed)
Swap Rate 9.59%
Market Value Proportion 38.28%
market value $ 2,469.79 x 100 million
24 hour increase 0.42%
Computing power 311.90 EH/s
daily output 0.00000334 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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LTC
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Issue amount 84000000
24 hours volume 25.12M
24 hours turnover $ 1.75B
Market Direction Short
Swap Rate 35.10%
Market Value Proportion 0.46%
market value $ 39.66 x 100 million
24 hour increase -0.14%
Computing power 747.64 TH/s
daily output 0.00001069 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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BCH
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Issue amount 21000000
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Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 14.22 x 100 million
24 hour increase -1.52%
Computing power 1.97 EH/s
daily output 0.00058155 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
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Market Direction Short
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Market Value Proportion 0.17%
market value $ 11.54 x 100 million
24 hour increase 0.16%
Computing power 18.81EiB
daily output 0.01344531 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
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Market Value Proportion 0.00%
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24 hour increase 1.20%
Computing power 14912.60839843 PiB
daily output 0.00034521 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
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Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 23.43 x 100 million
24 hour increase 2.97%
Computing power 126.24 TH/s
daily output 0.00012589 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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