What is Bitcoin mining?
Bitcoin mining is the person who produces crypto money and verifies transactions on the blockchain. To become a crypto miner, you need the technical equipment (ASIC, graphics card, processor, hard disk).
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The types of processors that can be used for bitcoin mining are; CPU, GPU, FPGA
- Degree of Difficulty
The degree of difficulty is the total excavation of the system, ie the total excavation power of all miners. This excavation power increases and decreases according to the density of miners.
The process of generating new data that is much smaller than any one-way and unique one is called the hash. The same result is obtained whenever the same data is input to the same hash algorithm.
Hashing is the process of taking an input of any length and converting it into an encrypted output with a series of mathematical algorithms. For example; Bitcoin uses an algorithm called SHA-256.
- CPU MINING
The mathematical equations used for transfers in this type of mining are solved by the CPU.
- GPU MINING
It is a type of bitcoin mining made with the video card. As graphics cards are more efficient than CPUs in terms of capacity, Bitcoin miners have begun mining with graphics cards as the challenge increases.