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2. Cryptocurrency Investment Page No
How Cryptocurrency Works 03
Cryptocurrency Types 04
PHOTO GALLERY 05
Cryptocurrency Investment 06
Understanding Cryptocurrency 07
PHOTO GALLERY 08
Cryptocurrency Types 09
Instagram Marketing Training 10
3. How Cryptocurrency Works
3
The introduction of the blockchain technology
came with something revolutionary, and that
is the cryptocurrency. The cryptocurrency was
created to function as an alternative to fiat
currencies while making online transactions,
among other uses.
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4. Cryptocurrency Types
4
A cryptocurrency is any digital currency
designed and created as a means of exchange,
and the digital currency’s security structure
uses cryptography, to check the verification of
digital assets, and also to guide the production
of additional units of the digital currency.
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6. Cryptocurrency Investment
6
When you hear the word mining, you probably envisage
digging the earth which is far from it. Cryptocurrency
mining is a process that involves the verification of
transactions that take place in cryptocurrency networks
and added to the blockchain’s public ledger. So basically
cryptocurrencies are mined from the blockchain
network using special equipment called miners.
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7. Understanding Cryptocurrency
7
Depending on the cryptocurrency, but most Bitcoin and
altcoin mining consume lots of electricity, and that
translates to more bills, so it is imperative that before you
go into mining, you look at the hardware’s power
requirement, and that way you have an idea about the extra
cost that will be added to your electricity bills.
Our cryptocurrency mining hardware (or mining rig)
constantly solves complex mathematical calculations per
second, hence, hash rate simply refers to the number of
calculations done per second, and this is measured using
megahash per second (MH/sec), gigahash per second
(GH/sec), terahash per second (TH/sec).
You need to know how long before you get ROI on the
investment in mining hardware. There are online platforms
that assist with the profitability calculations of any mining
hardware. It will require you inputting the hash rate, power
consumption, and current bitcoin/cryptocurrency price. This
is not as powerful as the other mining rigs, and there is
nothing special about it, other than the fact that it is your
regular computer with an upgradable graphics card. While
you can mine cryptocurrency with your computer’s central
processing unit, the process, however, takes a lot of time.
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9. Cryptocurrency Types
9
This is a custom built integrated circuit specifically
designed for the operation of cryptocurrency mining.
After building the integrated circuit rig, the Field
Programmable Gate Array (FPGA) assists the mining
hardware manufacturer to use many of the chips, and
have them configured for cryptocurrency mining.
This custom setup enhances the performance, which in
turn makes the FPGA a lot better than the CPUs and
GPUs.
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