The cryptocurrency is virtual money that is outside the control of the policy of any state. To obtain cryptocurrency, powerful computers with very strong graphics cards are necessary. Such computers called farms. They have a lot of video cards and, oddly enough, a weak processor on the motherboard. Here the processor does not matter. All work falls on the block of video cards.

What is the cryptocurrency system based on?

The basic concept in the whole system is blockchain (literally, “chain of blocks”). On its basis, the entire system of cryptocurrencies is organized. It is a decentralized database consisting of a large number of computers around the planet, united in the so-called "pools", the purpose of which is to solve crypto tasks.

The word mining quite often sounds in the news. Mining itself is the actions performed by participants in the blockchain system to maintain its functioning. For this work, the miner receives a reward. In the beginning, mining requires certain investments. The payback period, on average, is 8 months. The network of users of the system for miners guarantees stable earnings for those who provide the power of their machines to the system. In short, mathematical calculations take place on the farm (your equipment) and you are rewarded for this work.

Mining colocation

Mining requires serious computing power. You should think in advance where to place a mining farm and think about renting a room for mining. There were cases when the farm was burning, and the miner was outside the house. As a result of the fire, the apartment burned down. For such situations exists mining colocation, which is round-the-clock monitoring and systematic verification of the performance of machines. Now many companies provide mining colocation service and you can choose the one that’s right for you and your farm.

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