- ABOUT US
- STARTER KIT
The GekkoScience miners are a bit better than the Sapphire Block Erupters. Weighing about 0.8 ounces with a power efficiency of 0.33 W/Gh; its mining capacity is 9.5 Gh/s. Earning $0.15/month, the user will attain more than a dollar per annually. It is a silent device with a single USB port.
While using this hardware, it can perform up to 15GH/s where its performance can increase if it was to be overclocked. Electricity generated will take about 3 watts which is smaller than LED bulb, therefore, cost cents or even lower per month, thus it’s practically free to run plus there is a chance that a profit can be made i.e a dollar plus 10 cents/ month. So how does it work?:
Plug the device into the computer and run the software Before running, download the CG Minor available online. Once it’s downloaded, go to slushpool.com Create a username and very own worker ID Open the software, change the .DAT file specifically to the slush pool address with the user ID and the sub-user which is the worker name Once you are finished, set up the frequency i.e 140-150 degrees is the standard frequency or if it is too hot, reduce the temperature. Depends on the cool environment which you are working on, thus overclocking it Start the software and plug in the USB. Register for a mining pool, change the setting to your very own pool Start mining.
Bitcoins are generated using the process called mining. If your computer is given a complex mathematical problem to solve then the goal is a 64 digit number. If your miner can solve that algorithm problem, Congratulations; you are now a proud owner of the new block, and you will be rewarded with Bitcoins.
The network automatically adjusts the difficulty of mining so that bitcoins are created roughly every 10 minutes. The reason why they call it mining is that there is a set number of bitcoins that can ever be mined in the system. There are only 21 million bitcoins that can ever be created in the system in total. You are digging it out of the system like precious metals from some mathematical mine.
Bitcoin users are connected through the network and together, they set up a network that processes and checks all bitcoin transactions in a public ledger called the blockchain thus eliminating the need for a central bank since all the users together are the bank. Thus reducing the very need for a bank.
Therefore, the creation of GPU started, but as Bitcoin began to rise in popularity, more users started to enroll in the network thus creating difficulty in obtaining a bitcoin. Which led to the invention of ASIC chips that stands for Application-Specific Integrated Circuit where it is designed specifically to break or solve the algorithm of Bitcoin which is the SHA-256 algorithm. So basically these chips cannot be used for anything else such as games etc but are made to be used for solving the algorithm in the most power-efficient manner.
USB miners have lost relevance as they aren’t profitable anymore. You can opt for a could mining option like Hashing24, it’s easy to get started and they have miners which are profitable.
USB Miners aren’t worth it anymore, their profitability has dropped over time due to the difficulty in mining. This has made USB miners irrelevant and are no longer used by anyone who wants to profit from mining bitcoins and other altcoins.
Share On social Media 👇