'Mining' and 'Digging': critical overview.

in #introduceyourself7 years ago

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What is mining? It is a complex computational process under a special algorithm for the formation of new crypto-currency blocks.
Its main disadvantage is the fact that one can hardly earn something on his/her even using the most advanced computers. That is why connecting pools are employed performing joint mining. Upon block production completion, the reward is distributed proportionally according to the enclosed capacity. Thus, the process becomes much easier if renting power through special farms.
Mining presumes large and difficult calculations, heavily burdening your computer. At the same time, Internet traffic is minimized during the process, but a large amount of electricity is required. Aforementioned fact raises a big question even in the trivial recoupment of electricity.
The whole process of mining is performed by the computer in the automatic mode without your participation. Looking attractive, the process takes on the role of passive income as needing only an Internet-connected computer with special drivers and software. However, for high return you need serious investment.
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Are there any other ways of cryptocurrency earning? Yes, there are, but they are very new to the market, thus yet unreliable. Our project, Virtonomics, is already operating on the market for more than 10 years. As known, it is a multiplayer online business simulation game, developing an alternative virtual global economy. Recently announced starting the ICO, we have prolonged the Pre-Sale stage, what makes it more profitable to join the project at the very moment. VICoin is easily converted into game points and back.

In the game, cryptocurrency extraction occurs during the realistic business simulation game process where users set up and develop their virtual companies, trade and compete with each other, expand business ecosystem in a virtual economic space. This way, you do not need to act jointly with people you do not know, as you work for the business you create on your own. More than that, the game itself is an interesting strategic and communicative process, where you are immersed entirely. It depends not on the electricity power of your computer, but on your own success! That is why you can manage your business efficiency and control the process yourself! Accordingly, no special investment is needed, as you can initially buy a product, which pays off in 6 months, and if efficiently managed, brings you up more than 200%!

If going into details, tools and resources for generation and extraction of cryptocurrency ‘fuel’ are special game entities purchased for VIC tokens (e.g., virtual mines, mining farms, power plants, etc.). Cryptocurrency fuel extraction volumes depend on the player’s virtual business success and competitiveness, his/her number and quality of owned virtual mining assets and only that. Every 100 Virts (game points) earned in economic simulator can be converted into 1 VICoin (VIC) and withdrawn from the game to the external market.
All in all, Virtonomics provide us with a new, easier way of cryptocurrency generation, available and clear for mass audience.

Join Virtonomics and make sure that cryptocurrency generation can perform as an interesting and educational process, as well as a tool for earning money.
Visit https: https://virtonomics.com/income/799512 to make it up to the Pre-Sale!

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Thank you very much for your valuable information @pendul.
Please feel free to follow me @himanshumene and do check my latest post.

https://steemit.com/photography/@himanshumene/cryptocurrency-trades-banned-in-south-korea

Awesome review on mining, especially for a beginner like me. I recently have tried to mine on minergate with my MacBook. Checkout the post on my blog.

Have you tried the USB miners like from Gekkoscience? I am curious how they perform and how hard they are to install.

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-Photo from BitcoinWare

No I didn't, but I've mined with my Lenovo y70 and decided to stop that shit )) Now I'm waiting for Digging, it is cheaper )))
When EDC has low difficult (1day) I have got 1 reward for 1 block (3400 edc) )) this week or next they going to be listed at exchanges and i will get my firs mining money ))

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