What is Infinity Token? It is a new cryptocurrency that seeks to revolutionize the world of digital payments. It offers several advantages over traditional payment methods, including faster transaction times and lower fees. But perhaps the most impressive thing about it is its unique proof-of-stake algorithm.

This algorithm allows users to earn rewards for holding Infinity Mining Tokens (IMT), which helps to secure the network and keeps inflation under control. In this blog post, we will explore the features and discuss why it may be the future of digital payments!

## Infinity Token: the future of mining  

[The Infinity Mining Token](https://www.infinityminingtoken.io/) is an ERC-20 token based on the idea of distributing hash power and Bitcoin rewards among miners through a network of shared mining hardware. The option to trade IMT for IHASH or simply speculate on the price will be available to stakers.
Mining a block requires your computer to organize recently completed transactions into chronological order in a distributed public ledger. The computer then generates a 256-bit hash value from the block. The block has been mined and broadcast if the value starts with a sufficient number of zeros. The greater the processing power, the greater the likelihood of receiving rewards.

The miner's responsibility is to set up and operate their [mining hardware and software](/news/article/sustainable-mining). Mining cryptocurrencies like Bitcoin requires a setup that allows for minimal overhead while maximizing hash-rate production. With the launch of Infinity Mining Token on August 6, 2021 (previously titled Infinity Token), the team set out to achieve complete decentralization in the mining process.

IMT developers worked closely with the Fair Token Project (FTP) during its initial stages. Token holders were eligible to receive 5% of the ecosystem rewards from the IMT and IHASH tokens, thanks to FTP. The total number of Infinity Mining Token holders is slightly over 800, and its market cap is $2.5 million.

The group is moving away from hosting bitcoin miners at a shared facility. The Infinity Mining community has successfully crowdfunded the purchase of 40 Application-Specific Integrated Circuit (ASIC) mining rigs using revenue generated from trading.

The IMT crew has also located a vendor who sells S19 PRO 100 models at a 20% discount from the original price. The group is getting ready to switch to a new growth model based on a new treasury system and an increased number of miners as we look to expand into new areas.
A representative staking platform will be a part of the Infinity Mining protocol. By exchanging IMT for IHASH, IMT owners can participate in staking and earn Bitcoin passively. Users can opt to stake a larger share of the hash rate for a more extended period.
A user's staked Bitcoin in the vault will grow by a small amount daily. IMT will be stored safely in a cold storage vault while you convert it to IHASH. There will be a 72-hour grace period during which the user can either keep their stake in place or remove it. Any unspent IMT tokens will remain in the cold storage facility indefinitely.

Like other Defi protocols and exchanges, the IMT staking platform will charge its users a fee. If users decide to un-stake their tokens before the end of the specified staking period, they will lose a certain percentage of their tokens yield.

The IMT speculates the price of ASIC mining hardware, and Infinity Token community members will guide on matters such as selecting a secure cryptocurrency wallet.



Infinity Hashpower Token: the future of Crypto?

Norway Bitcoin mining has set a precedent for the global mining industry. Now, only green and renewable energy is being used for mining in the country. [Arcane Research](https://arcane.no/research/bitcoin-mining-around-the-world-norway) indicates that Norway's 'flourishing' crypto industry relies 100% on green power resources, leaving almost no carbon footprints.  

The data shows that the country's Bitcoin mining makes up nearly 1% of the global hash rate. Contrastively, its population is only 5 million, which makes up only 0.07% of the world's population. Moreover, it is less than a tenth of the hash rate Norway is currently producing. 

Overall, sustainable mining of bitcoin rises to 59.5%, making Crypto Fear and Greed Index drop from “extreme fear” to “fearful”. 

## Which renewable resources do Norwegian Bitcoin miners use?

The electricity Norway consumes comes from different resources; however, most of these resources are renewable. That's why the country is able to limit its carbon emissions that are [harmful to the climate](/news/article/blockchain-energy-fud). Mainly, Bitcoin miners in the country rely on hydropower as it is the country's most used source of electricity. 

Besides hydropower, wind power is the second-most reliable source of power for Bitcoin mining in Norway. Also, as the country is a member of the European electricity system, it uses a small amount of foreign-produced electricity using different technologies and resources.  

If you consider these electricity stats, Norway is using only renewable energy. This poses an excellent opportunity for Bitcoin miners around the world. The author and researcher Jaran Mellerud also believes that the country's mining industry can further expand as its northern part has an abundance of cheap hydropower. 

## Utilising Bitcoin miner’s excessive heat

Norway Bitcoin mining is not only limited to using renewable power resources, but the country is also working on repurposing energy. A German company, Bluebite, has started its operations on Norwegian land and is working on utilising the by-product heat emitted by Bitcoin miners. Currently, the company is exploring different options like vertical farming of strawberries, drying timber, growing seaweed operations, or even supplying the heat to citizens. 



Norway Bitcoin mining now uses 100% green energy

## Bitcoin escapes extreme fear on the index following a rise in sustainable mining

On July 19, the Crypto Fear and Greed Index dropped from "extreme fear" to "fearful," scoring 30 out of 100. It has since risen somewhat to an index score of 31. The indicator is primarily calculated using market volatility, volume and dominance, social media sentiment, surveys, and search trend data.

According to Santiment, BTC's average funding rate on exchanges has reached its highest levels in the last two months as the price of BTC rises above $23,600, with five Fintech professionals at Finder and 53 industry experts predicting that BTC will [bottom out](/news/article/bitcoin-dip-over) at $13,676 before rising to $100,000 by 2025 and $300,000 by 2030.

## Sustainable mining bitcoin power hits 59.5%

According to reports, increased costs have driven increased [sustainable mining](/articles/our-news/sustainable-future), as indicated by a substantial rise in efficiency over the last eight years. As oil and gas energy prices increase and the cost of renewable technology decreases, it makes not only financial but environmental sense to engage in sustainable mining.  
Mining equipment demand has risen as prices rise, driving device innovation for cheaper alternatives. Efficient devices are more cost-effective and lucrative, pushing less profitable alternatives out of the market.

As per the Bitcoin Mining Councils BMC's Q2 review of the Bitcoin network, issued on Tuesday, the global Bitcoin mining industry's usage of sustainable mining energy is up 6% from Q2 2021 and 2% from Q1 2022,  [reaching 59.5%](https://www.investing.com/news/cryptocurrency-news/sustainable-bitcoin-mining-power-mix-hits-595-btc-mining-council-2849155) in the latest quarter, making it one of the most sustainable sectors globally. The council saw a rise in miners' energy mix correlated with an efficiency improvement. It was also discovered that Bitcoin mining accounted for just 0.09 % of the projected 34.8 billion metric tonnes of carbon emissions produced globally and required only 0.15 % of the global energy supply.

United States legislators are particularly interested in the condition of the country's Bitcoin mining energy use after they issued a letter to the Environmental Protection Agency and the Energy Department, requesting that mining businesses report on their emissions and energy use.


Sustainable mining of Bitcoin rises to 59.5%

Paraguay crypto bill that regulates cryptocurrency mining and trading within the country, has finally been approved by the country’s Senate.

The deputy chamber [approved the bill](http://www.diputados.gov.py/index.php/noticias/aprueban-con-modificaciones-proyecto-que-regula-la-industria-y-comercializacion-de-criptoactivos) but added some changes regarding electricity consumption in Paraguay. President Mario Abdo Benítez is now obliged to decide whether he will support, sanction or apply a veto to the bill.

Counting 7 million electricity users, Paraguay mostly depends on hydroelectric generation as the country also serves as a significant energy exporter. 

However, the electricity expenditure rose by over 100% in the last 12 years, while its generation is falling. The state power operator, Administración Nacional de Electricidad (ANDE), wants to urge a new consumption plan within the next few years. 

On the other hand, Paraguay’s central bank worries that the fact that cryptos are still not regulated as payment in the country could lead to halts in electricity consumption associated with crypto mining.

According to the bill, Paraguay’s Ministry of Industry and Commerce will be the governmental body that will regulate cryptocurrency-related services.

## Paraguay crypto bill tax excludes paying VAT

The bill, therefore, urges [crypto mining companies](/news/article/mining-company) to come up with a power consumption plan and present it to the national power body, which will be authorized to cut the electricity if the companies do not act according to these plans. Also, the bill defines that the payment for the power services is made in advance.

Furthermore, crypto miners won’t have to pay their VAT but are obliged to pay income taxes.
However, some lawmakers have shown their disapproval about the law's approval in its current form, with some calling for a presidential veto.

However, the bill was not approved easily. Senator Esperanza Martínez mentioned that the Guasu Front Bank did not comply with the project, adding that cryptocurrency is not an industry per se as it doesn’t process either raw material adding value, or employing people.

"Both versions are detrimental to the country," she said. 

Senator Enrique Bacchetta commented that he had voted for rejection at the time because this initiative did not produce jobs.




Senate approves Paraguay crypto mining bill

Crypto mining farms have attracted criticism as cryptocurrency mining has grown in popularity worldwide, with countries like China, Iceland, and Georgia leading the way. The major concern is energy consumption.

## What are Crypto Mining and [Crypto Mining Farms](/news/article/mining-farm)?

The practice of digitally adding transaction records to the blockchain, a publicly distributed database that holds the history of every transaction, is known as mining. Crypto mining farms bring together the equipment needed to conduct the process on a large scale.

Mining is a data-keeping activity that requires a lot of processing power. To ensure the payment network is trustworthy and secure, each crypto miner contributes to a decentralised peer-to-peer network. This energy-intensive process is a significant source of greenhouse gas emissions, especially from crypto mining farms.

Most people consider crypto mining to be nothing more than a method of manufacturing new currency. In fact, crypto mining entails validating crypto transactions and adding them to a distributed ledger on a blockchain network. Most crucially, crypto mining prevents digital currency from being spent twice on a decentralised network.

When a member spends cryptocurrency, the digital ledger must be updated by debiting one account and crediting the other, just like with physical currencies.

## How Does Crypto Mining Work?

Miners usually compete to prove their computational work in exchange for a block reward in cryptocurrency mining. A block with related cryptographic hash functions containing transaction data becomes available to the blockchain's P2P network after a sequence of transactions for a specific coin.

Competing pools of nodes employ high-performance computation to solve a challenging mathematical problem and validate the block's integrity. After successfully demonstrating the block's validity, the mining party cements the blockchain addition and earns the mining reward for allocating the pool.

The more problems solved, the greater the rewards, which is why crypto mining farms exist.

## How Can We Reshape Crypto Mining Farms with Renewable Energy?

[Renewable energy generation](https://sifted.eu/articles/renewable-energy-crypto-mining/) frequently produces surpluses that are wasted rather than utilised.

When solar panels or wind turbines generate more power than customers desire and the grids are overwhelmed, renewable energy is lost in large quantities. Today, wasting extra renewable energy is usually cheaper than storing it in standard Li-ion batteries. This is a typical attitude around the world, and it is neither cost-effective nor economically sustainable.

We must concentrate on energy production and consumption to slow the rise of carbon emissions and temperatures. The overall generation from renewable resources grows by 2.9% per year. As a result, renewable energy will account for 29% of global electricity output by 2040, up from 22% in 2012. While this forecast shows significant progress in higher renewable energy adoption, intermittency and excessive generation are expected to develop in lockstep. As a result, grids, investors, and consumers will face operational and financial issues.

As the modern energy map gets repainted with wind turbines and solar panels, we must look beyond existing financial structures to incentivise the shift. Cryptocurrency mining may be the solution.

Embracing innovative ideas, such as mining cryptocurrencies with excess renewable energy, offers enormous potential to close financial and technical gaps. It can transform waste into value while also lowering financial risks. In addition, the profits from this type of cryptocurrency mining could encourage a broader spectrum of additional investments in renewable assets.

Cryptocurrency mining can be considered an attempt to shift energy consumption into profit. Today, Bitcoin mining is primarily powered by electricity generated from non-renewable resources, which is less expensive than electricity generated from renewable sources.

The novel approach suggested here involves mining cryptocurrencies with sustainable energy and converting them into valuable coins to reduce emissions and costs.

Once renewable energy has been generated (by wind, solar, or other renewable ways), there are several possibilities for routing it, including:

1) Grid sale at the wholesale market price
2) If the grid is overloaded, the surplus is kept for later release when grid demand is strong and electricity prices are at their highest
3) Excess electricity could be used for cryptocurrency mining when demand for storage is low because batteries are completely charged or cost-ineffective vs. demand.

While the first two options are already in place and successfully monetise renewable energy assets, the suggested third option adds a new revenue stream to the mix.

The advantages of mining cryptocurrencies using excess green energy will turn waste into wealth and help cryptocurrencies become greener. In addition, using this strategy, there will be no carbon emissions for each block added to the chain.

## Conclusion

Renewable energy generation adoption continues to increase rapidly, but curtailment, transmission, consumption, and efficiency management remain chronic issues.

While this proposal does not detail the plan's interconnected components, it sheds light on the value that new technologies like blockchain can provide.

Perhaps the remedy to one technology's flaws might be found in another's strengths.


Crypto Mining Farms and Renewable Energy

Mining is one of a few ways to get cryptocurrencies. However, the demand and complexity of the process are why not many people engage in it. This article is going to explain what a [Hashfish Miner](http://hashmining.org/) is.

Crypto mining requires miners to have specific technical skills, hardware, and software. Mining rigs also need constant monitoring to ensure they are working efficiently.

The demand and complexity of crypto mining led to the rise of online systems that allow individuals to mine crypto without the need for technical expertise or a mining rig. Online systems like Hashfish Miner enable users to mine crypto with a single click of a button.

## What is Hashfish Miner?

Hashfish Miner is crypto mining software designed to ease the crypto mining process. The software enables anyone to mine cryptocurrencies. Users don't need any mining hardware or expertise to use the platform. It is a creation of Hashfish, a [blockchain technology](/news/category/blockchain-news) company founded in 2018.

### Some of the major features include;

•	Automatic mining: users simply need to download hashfish and start mining crypto
•	Instant withdrawals: users can withdraw their crypto mining earnings at any time
•	Dynamic algorithms: users can switch algorithms to profitable ones for higher yields
•	Access anytime: Hashfish Miner is accessible to users at any time of the day or night

The major selling points are its no-commission services and claims that members can earn $1.46 per day from their 1080Ti Graphic card. On its site is another claim about running over 300,000 PCs worldwide. 

## Is Hashfish Miner Legit?

Hashfish Miner appears, at first glance, to be legitimate. Any newbie can easily fall for what the platform is offering. However, a closer look into the platform reveals a different picture. Many who have reviewed or used it claim it is not legit.

A few things that can easily make anyone question the legitimacy of Hashfish Miner include;

## Guaranteed returns

Hashfish Miner promises members earnings of $1.46 per day. However, it does not explain how the daily returns are possible. Anyone who has been in the crypto space for even a little while knows there are no guaranteed returns, even when it comes to crypto mining.

## Hard to verify claims

Hashfish Miner is backed by information that can't be proved. Most of its claims, including that it runs more than 300,000 PCs worldwide, can't be verified.

## Negative reviews

While a few sites have positive words about Hashfish Miner, most have nothing but negative reviews. Many who have already used the platform claim its services are not legit. There is also very little information available about the crypto mining software, even on the web.

## Final Word

Hashfish Miner might appear like the real deal to many people looking to benefit from crypto mining without needing expensive mining hardware or expertise, but be careful.

The mining software has all the signs of a scam. Its guaranteed daily returns, negative reviews, and lack of transparency are just a few things that can make anyone think twice before using it.

Hashfish Miner Explained

Cryptocurrency mining is a process by which new cryptocurrency coins are created. Miners are rewarded with cryptocurrency coins for verifying and committing transactions to the blockchain. Here, we explore everything you need to know about a cryptocurrency mining farm.

## What is cryptocurrency mining?

[Cryptocurrency mining](/news/article/mining-company) is the process by which new digital currency units are created. In most cases, mining involves solving complex mathematical problems to unlock transaction data blocks.
The first miner to solve the problem receives a reward in the form of newly minted coins or tokens.
Mining is computationally-intensive, so it typically requires significant amounts of computing power.
As a result, many miners operate as part of a large mining farm, where they pool their resources and share the rewards.

While cryptocurrency mining can be profitable, it often requires specialised hardware and consumes a lot of electricity.
As such, it is not typically recommended for beginners. However, for those willing to invest time and resources, mining can be a rewarding way to obtain digital currencies.

## The benefits of a cryptocurrency mining farm

Cryptocurrency mining can be done solo or in a pool. As it typically requires significant computing power and energy, there are benefits to a mining farm.
Mining farms can provide an important source of income for communities that the global economy has otherwise left behind.

## Why a mining farm?

Solo mining is the process of mining cryptocurrency by oneself. It requires a great deal of time and effort, as well as expensive mining equipment.
Pool mining, or being part of a mining farm, on the other hand, allows miners to pool their resources and share the rewards. This is often done on a large scale, with multiple miners working together in a so-called mining farm.

While pool mining is generally more efficient than solo mining, it can still be quite costly and require significant expertise. As such, cryptocurrency mining is typically only worth it for those with the time, money, and know-how to do it successfully.

## How to become part of a cryptocurrency mining farm

The first step in starting to mine cryptocurrency is to set up a mining farm. This can be done by buying a mining rig, which is a specially designed computer that is optimised for mining, or by signing up for a cloud mining service.
Once you have your mining farm set up, you will need to connect it to a mining pool, which is a group of miners who work together to mine blocks and share rewards.

Finally, you will need to install mining software and run it on your mining farm. This software will connect your mining farm to the mining pool and start mining blocks.
Mining cryptocurrencies can be a profitable undertaking, but it is important to do your research before getting started. Make sure you understand how the cryptocurrency you want to mine works and how much competition there is in the mining space.

Also, consult with financial advisors to make sure that mining is a good fit for your investment portfolio.


Mining Farm: A Good Crypto Option? 

If you have ever wondered how to mine Bitcoin Cash and how long it takes to mine one [BCH, ]https://bitcoincash.org/) this article is for you.
Before blockchain, money transactions were primarily regulated by two bodies: the government-regulated central banks that print the new cash and regular banks that were involved in money transactions on your behalf. Acting as regulatory bodies, they had complete power over your transactions and money.

The Bitcoin blockchain and its native cryptocurrency [BTC](/coins/btc) were created with the concept that a person should have complete control of the money and transactions they make, and that no other authority or regulatory body should have control of the funds.
Mining is the method by which transactions are verified.

Miners have complete documents of ledgers which they update in sets called blocks. These blocks are then added to the network for other miners to update their ledgers.

The blocks are made by cracking cryptographic problems using computing power, a digital equivalent of the physical effort to mine valuable resources, hence the term miners.

Bitcoin miners receive Bitcoin tokens as rewards.
In August 2017, a fork on the Bitcoin blockchain led to the creation of Bitcoin Cash (BCH). It improved scalability and allowed more transactions to be processed by increasing block size.

## How to Mine Bitcoin Cash and How Long it Takes

In broad terms, crypto miners take 10 minutes to mine one block of Bitcoin Cash. To maintain the 10-minute speed to solve the complex mathematical query, the difficulty level of the problems alters automatically.
When more miners and more computing power endeavour to mine, the difficulty level increases, whereas, when there are fewer miners and less computing power, the difficulty level decreases.

## Requirements to Mine Bitcoin Cash

Mining is similar to any other business engagement, where profitability relies on several factors unique to that venture. In Bitcoin Cash mining, these factors represent the requirements you should have before starting the bitcoin cash mining, including the type of hardware and software to pick. Here is what you should know:

### Hardware for Bitcoin Cash

Picking the right hardware is critical whenever you want to mine cryptocurrency. Today, an ASIC miner is what you require to get the hash rate needed to mine BCH. You need to remember that hardware is the major initial investment cost. The price of the ASIC miners has increased, seeing the power it supplies to the mining activity. A new AISC hardware costs anywhere from $2,000 to over $7,000, with older models available at lower costs.
So, when evaluating an ASIC miner, pay attention to the price, which is relative to three other factors:

•	Hashing/Computing power (in hashes/second)

•	Power consumption

•	Efficiency

Hashing power is the count of hashes a hardware machine can generate while solving a block. It's calculated per second, and the higher the figure, the more effective the machine and the more pricey.

Power consumption is related to the electricity (energy) required to run the miner optimally. It is measured in kilowatt-hours and can affect profit if too high. That's when you review the third factor, efficiency.

An ASIC miner is needed, and one with a high hash rate. However, it should not lead to too much power wastage.
Efficiency: This factor reveals how much power must be used to get a single BCH coin. An effective and powerful machine consumes less electricity than others when mining Bitcoin Cash.

If you have chosen your hardware machine, it's worth checking the other related requirements:

•	Electricity: cheap and stable is best. Having a backup is perfect.

•	Internet connectivity: 24/7 internet connection- an inconsistent connection will smash your chances of success.

## Software Requirements

Software is another critical requirement you must consider to look at as you opt to mine Bitcoin Cash. Mining software connects with your hardware machine to process the mining. It will deliver an interface for linking with the network to monitor the process and check profits.

You can get mining software applications for mobile and desktop use.

## Which Software Do People Prefer to Use to Mine Bitcoin Cash?

There are multiple software applications you can pick from to mine Bitcoin Cash. However, the two most widely used in the industry today are CGminer and BFGminer.
Both are command-line programs, which implies you can operate on the interface to get more into the mining process. Don't worry if you find the command-line interface (CLI) a little complex; EasyMiner is a great option that offers computerised functionality and sustains both self-mining (solo) and pool mining.
Note: Most ASIC miners are available with pre-installed software. If it's not, perform research to find one compatible with your hardware.

## Technical knowledge required to mine Bitcoin Cash

Before starting your Bitcoin Cash Mining journey, one of the basic requirements is understanding the technical terms connected with the mining process.

•	Consensus algorithm: 

It is a blockchain technology mechanism that permits agreement between a distributed network of users or machines. For example, a Proof of Work consensus algorithm lets miners agree on verifying blocks before they are updated to the blockchain.

•	Blockchain: 

It is a distributed ledger of all the trades on the network, managed in data blocks that are validated every 10 minutes. Miners get rewarded when they secure the network by updating a verified block to the blockchain.

•	Block time: 

This is a time estimate coded in the protocol: how much time miners take to validate blocks and update them to a distributed ledger. Bitcoin Cash has a block time limit of 10 minutes.

•	Hash rate: 

The measure of hashing power required to crack a complex puzzle and validate a block of trades. It's also called computing power and is calculated in hashes per second. The more per second hashes a machine produces, the more effective it is and the higher its probabilities of finding a block.

•	Mining difficulty: 

This is to calculate and find how difficult it is for a miner to find a new Bitcoin Cash block. It's also called a difficulty adjustment algorithm (DAA) and corresponds to the hashing power a miner requires to mine a single block within the calculated block time. For Bitcoin, the difficulty alters every 2016 block, while BCH introduced an Emergency Difficult Adjustment (EDA) algorithm in November 2017. The latter also leverages a retarget of the last 144 blocks to alter the difficulty.

•	Mining fees: 

A miner fee is a small amount of money users link to the blockchain trade to incentivise miners to process their trades. This amount is in addition to the 6.25 BCH in the block reward.

•	Block rewards: 

This is a reward given to a miner(s) who cracks the complex mathematical cryptographic puzzle on the network. For miners, Bitcoin Cash offers a block reward of 6.25 BCH.

## Pros and Cons of mining Bitcoin Cash

Mining Bitcoin Cash includes both pros and cons aspects. Let's see the pros and cons:

### Pros

1.	Block rewards can be very fruitful and profitable, and as a miner, you can earn good money.
 
2.	The transaction fees also complement rewards for successfully mining. 

3.	A good mining pool selection can raise your chances of block rewards.

4.	Your mining endeavours secure the Bitcoin Cash network.

5.	Old ASIC hardware can still be traded second-hand, as the market exists for other networks.

### Cons

1.	A high hash rate implies you may experience losses if you can't compete.

2.	ASICs need a heavy energy supply, resulting in a high electricity bill.

3.	Pools can reduce your reward as it is distributed among members.

## Is Bitcoin Cash Mining Profitable?

### To determine how beneficial it is to mine BCH, you must consider the factors mentioned below.

•	Hashing power

•	Power consumption

•	Cost of electricity

•	Pool fee

•	Bitcoin Cash price

You can decide if mining Bitcoin Cash will be profitable when you consider the hardware machine's computing power (output in Terahashes per second (TH/s) or Gigahashes per second (GH/s)). Another notable factor is the amount of power the hardware will consume and the expense of electricity per kilowatt-hour (kWh).


How to Mine Bitcoin Cash (BHC) 

Interested in mining cryptocurrencies and becoming a contributing member of the blockchain? In that case, you might want to learn more about the best crypto miner.

Over the past few years, the culture of investing in crypto has become quite popular. To make money from crypto, you have two options; trading and mining. Trading crypto coins is convenient and more accessible. Whereas crypto mining is expensive but a lucrative option.

Though investing in crypto mining is a big-budget task, investors find it highly rewarding. How to become a miner? You have to set up a crypto mining rig through which you can mint coins and become a contributing miner of the blockchain. A rig needs both mining hardware and software.

Wondering what the best crypto miner is? We've listed the best mining software and hardware to help you set up your own mining rig.

## Best Crypto Mining Hardware

Crypto mining hardware uses various specialised technologies for mining cryptocurrencies. The recent ones mostly rely on GPUs (Graphics Processing Units), ASIC (Application-specific Integrated Circuit), or FPGA (Field Programmable Gate Array).

Here's some of the best crypto mining hardware you might want to invest in!

1. Antminer S19 Pro
Antminer S19 Pro is a highly advanced device for mining [Bitcoins](/coins/btc) and SHA-256 coins. The device offers you a solid efficiency of 29.7 j/TH, with which you can earn $12 daily. Besides, it has the potential to generate revenue of up to $10,000 yearly. Because of that, it gives you a 195% return on your annual investments.
This ASIC-based miner can work in an environment with 5 to 45 C. S19 Pro maintains the hash rate of 110 TH per second. The device will need 3250W and costs around $0.1 per kilowatt. But, the efficiency and return rate makes this device ideal for crypto mining.

2. DragonX WhatsMiner M30S++
DragonX WhatsMiner M30S++ is another powerful hardware for mining crypto. This device also uses the ASIC system and can generate 86Th per second. It features three chipboards and has a chip size of 8nm.
WhatsMiner M30S++ can mine Bitcoins along with 9 other SHA-256 coins. It has an ethernet interface, and it does not require software or host computers. M30S++ works between 200 to 240 volts and consumes around 3600W.

The device lets you earn around $12 daily, and you can accumulate up to $4,350 every year. Also, it offers you an efficiency of 0.038j/GH. However, M30S++ is not the ideal choice in terms of energy consumption, and it operates best for advanced mining purposes.

3. AvalonMiner 1166 Pro
AvalonMiner 1166 Pro is one of the best crypto miners for its hash rate. The device is also an ASIC, capable of dealing with 81TH per second. You can use 1166 Pro for the mining of Bitcoin, Bitcoin SV, Bitcoin Cash, and other SHA-256 currencies.
This AvalonMiner can earn you around $3 daily and maintain an efficiency of 0.042 j/Gh. It costs only $0.01 for each kilowatt consumption and generates over $1000 revenue annually. With this miner, you can make substantial profits by mining Bitcoin and other cryptocurrencies.

## Best Crypto Mining Software

Once you have invested in the right hardware for your crypto mining rig, the next step is to choose some of the ideal mining software or apps to begin mining. Here are some of the best crypto mining software you might consider!

1. CGMiner - Overall best mining software
CGMiner is the best crypto miner because of the customisation power and the compatibility with many mining systems. It is an open-source platform with cross-platform compatibility. With this software, you can work with Windows, Linux, and macOS for mining.

CGMiner not only supports several devices, but it can also work with different crypto mining pools. Its interface is command-line, which is based on the C language. With simple one-line commands, you can track system performance and adjust settings.

Apart from that, CGMiner can also work with varying hash rates without affecting its functioning. Also, the software is always prepared for network disruptions, as it has a cache and archive to save the data. It is an ideal free crypto mining software you can use with your different devices.

2. MultiMiner - Best crypto miner for beginners
MultiMiner software offers a highly intuitive interface that is best for beginners. It comes with an easy-to-navigate GUI. A novice would be able to navigate through the app easily.
Moreover, MultiMiner can work with varying systems, including Windows 10, Linux, and macOS. But, for macOS and Linux, you might need extra apps for installation. Besides, it can support all hardware, including GPU, FPGA, or ASIC.

When you set up the software, it can automatically detect what hardware you are using. According to that, it gives you options for coins you can mine and the method you would use for mining.

3. [Awesome Miner](https://www.awesomeminer.com/) - Best for large scale mining
If you want to step into crypto mining at a larger scale, Awesome Miner would be an ideal choice for you. This miner can work with over 200,000 ASICs along with 25,000 GPUs and CPUs. With this much capacity, Awesome Miner offers you great scalability.

Other than scalability, you can also have a system to manage your crypto-mining rig centrally. In addition, you can ensure efficiency and maintain revenue. The software also allows you to keep track of your income, power consumption, temperature, and other features.

It is a cross-platform software that can support the mining of several currencies. Moreover, it has the auto-recovery feature that ensures the least downtime. Besides, Awesome Miner lets you access all these features for free. That's why in a large-scale crypto mining setup, this software can be pretty handy.

Conclusion

Crypto mining has become a popular trend. The reason is that it allows you to mine crypto coins and makes you a contributing member of the blockchain who enjoys distinguished benefits. However, crypto mining is a big-budget task; that's why you need to be diligent about how you set up your crypto mining rig.

For this reason, it's important to get familiar with both mining devices and apps to help make the right decision. One way to achieve this is by going through our list of some of the best crypto mine hardware devices and software you can invest in to make better profits.


Best Crypto Miner: Top Mining Tools

Is free [Bitcoin](/coins/btc) mining a scam? Is it possible to mine Bitcoins by playing free Bitcoin mining games? Here are 11 free Bitcoin mining games you can play to win Bitcoins.

1.	Roller Coin
2.	CryptoPop
3.	CropBytes
4.	Bitcoin Bounce
5.	Bitcoin Food Fight
6.	Crypto Planet
7.	Bitcoin Blast
8.	Bitcoin Solitaire
9.	Alien Run
10.	Bitcoin Blocks
11.	CryptoWin 
 
Mining Bitcoin has been made accessible and achievable for you. Read on to find out more about these games and how they work.

## What is Bitcoin?

Bitcoin, also known as BTC, is the largest and most popular cryptocurrency in the crypto space. It was created in 2008 by Satoshi, an anonymous person who remains anonymous. Bitcoin is simply digital money whose transactions cannot be traced, but are considered safe, just like other cryptocurrencies. 

## What is Bitcoin Mining?

Bitcoin mining is simply a way of creating new Bitcoins, and it serves as a form of maintenance for the coin’s network. Bitcoin mining is usually a challenging process that involves solving complex cryptographic calculations. And this often requires the use of high-level computer systems. 

If mining Bitcoin is tough, how possible is it then to get Bitcoin by playing free Bitcoin mining games? After reading about Bitcoin mining, this is probably the question on your mind. 
It is entirely possible to mine Bitcoin for free just by playing games. You should be aware that these games are not random; they were specifically created for mining coins.

Please note that Bitcoin isn’t the only cryptocurrency mined by playing free games. It is also important to know that not all coins are created by mining. 

## 11 Free Bitcoin Mining Games

Here’s a list of carefully selected free Bitcoin mining games you can play and win actual Bitcoins. 
Bitcoin mining is made easy with these play-free play-to-earn games. Why just play games on your mobile when you can actually play and earn at the same time? In no particular order:

1.	Roller Coin: This is an online virtual Bitcoin mining game. Players compete against their friends to mine Bitcoins. This mining process is fun and easy compared to the primary mining process. You get to complete missions, and tasks and, most of all, play a fun game to build your mining empire. You just need to sign up, log in, and customise your character. Nothing complicated, just an easy play-to-earn game, and you get to win actual Bitcoin. 

2.	CryptoPop: Who says Bitcoin mining has to be difficult? There is no use mining the hard way when you can enjoy yourself while earning notable cryptocurrencies. The game is almost like candy crush, but instead of candies you have to tap on some group of cryptocurrencies to pop them. Points are added depending on how many pins you pop in one tap. To start playing the game, you need to input your Coinbase email address in the wallet section to record your points. Once you have gotten enough points, it’s time to get paid. 

3.	CropBytes: If you played the popular Farmville game in the past, then this is your chance to earn big from this game. Like Farmville, you need to grow, harvest your crops, feed your farm animals, that is, your livestock, and then collect products from them. The products collected from your livestock, such as milk and eggs. It can be traded for crypto, and you also need to reinvest in the farm to keep it running and earn more money. To play the game, you first need to sign up, then to withdraw your earnings, you need to send your wallet address to the game's support link.

4.	Bitcoin Bounce: As the name indicates, this is a game that involves bouncing, in the sense that you have to bounce from one platform to another without falling. You also need to pick up all the power-ups you find along the way to help you survive longer.

5.	Crypto Planet: The game is about mining crystals; all you need to do is activate the digger and leave it for eight hours, then come after to claim your crystals. These resources can now be used to buy Space Chests from the game shop, which you'll need to earn real cryptocurrencies. You will earn more cryptos at the end of the day as you mine more crystals from planets. The trick to earning more crystals faster is to incubate some, and you’ll get more after a few hours. Also, there are daily quests to harvest more crystals and get more Space Chests. Cryptocurrencies earned are stored in the in-game wallet. You can be able to withdraw once you reach the withdrawal limit. Your earnings can also be transferred to any supported external wallet.

6.	Bitcoin Food Fight: In Bitcoin Food Fight, the fight is not against other people, but rather against the food. Nice twist! You throw knives at pizzas and other food items to make them fall apart. In this game, you need to aim for the space between the knives already stuck to the food. And ensure that your knife does not clash with another, as it will reset the level. Everyone is a winner in this game, and you get rewarded with Bling points whether you win or lose. You can convert your Bling points to Bitcoin, and you can cash out every seven days. To claim the Bitcoins you earned, you need to enter your Coinbase account in the Redeem tab.

7.	Bitcoin Blast: This is a simple game. You need to make a chain of at least three Bitcoins to clear the board. The length of the chain determines your earnings, meaning the longer the chain, the more you earn. To start, you need to sign up for Bling, and you also need a Coinbase account.

8.	Bitcoin Solitaire: Do you know about the Solitaire game? Well, this game is the same as the original Solitaire game. For those who do not know about Solitaire, the game is played by arranging each deck of cards into ascending order. The deal is for you to make faster moves. You need a Coinbase to be able to withdraw your earnings.

9.	Alien Run: Did I mention earlier that this is a list of fun games? Alien Run is indeed a fun game with a different twist from others. In this game, you gain points when you pass five levels. In the game, you play as Daniel D’Alien, and you run and jump across platforms that change occasionally. The game has many levels with unpredictable twists that make it even more fun. Like other mining games, you need Coinbase to be able to collect your rewards.
 
10.	Bitcoin Blocks: The game simply matches at least two blocks. The deal is to match more than two blocks so that you can win combos that enable you to get rid of the blocks easily and earn points. You'll need a Bling account and a Coinbase account to start playing the game to claim your profit. Please be aware that the game automatically locks you out for 12 hours when you play 15 consecutive turns.
 
11.	CryptoWin: This is a great game that is good for memory testing. How sharp is your memory? Well, it is time to find out how active your memory is. To play the game, all you need to do is tap any card on your screen, then find the other pair by flipping other cards. There is a time limit, though, so do well to finish before the time ends. There are many levels in the game. The more you win, the harder the game becomes, and the more games you win, the more you earn.
There are various ways to earn digitally, and free Bitcoin mining games are one. You can earn big from the comfort of your home at your leisure. You can earn actual Bitcoins just by playing these free Bitcoin mining games. They are fun, easy, and, of course, free.

Ensure that you do not put details that can compromise your wallet for safety purposes. Enjoy your games while earning.


Free Bitcoin Mining: Experience the Best Games

The supply of Bitcoin is capped at 21 million units, so how many [Bitcoins](/coins/btc) are left to mine?

The cap is established by the source code of Bitcoin, written by its creator, Satoshi Nakamoto, and which cannot be modified. Once every Bitcoin is mined, the number of coins in circulation will be fixed indefinitely. 

In comparison, central government money has no set boundaries. Governments can issue as many dollars or rupees as they need if they do not mind the resultant inflation. Before Bitcoin, digital cash had the problem of double-spending. Until its development, the only method to ensure a party did not spend money twice was for some central authority to track coins transferred and received, updating users' balances – just like the existing banking system.

However, Nakamoto's discovery enabled computers running a piece of software to impose rigorous spending constraints that prohibited a digital representation of value from being spent twice for the first time – or made it prohibitively expensive to do so. Previously, miners would sell their freshly created Bitcoin on the market to fund operational expenditures in US dollars. However, mining companies are increasingly adding their created currencies to their balance sheets and issuing Bitcoin-backed loans. As a result, Bitcoin has become even rarer as a more significant proportion of the entire Bitcoin supply is locked up for the long term.

As of January 2022, 18.9 million Bitcoins had been mined, with around 2.1 million Bitcoins left to be mined. The block reward - or the number of new Bitcoins awarded to crypto miners for creating a new Bitcoin block - determines how long it takes to mine one Bitcoin. At the moment, 6.25 Bitcoins is the block reward, and a new block is generated every 10 minutes or so. Every 1.6 minutes, a new Bitcoin is mined.

## Production of Bitcoin 

According to the Cambridge Bitcoin Power Consumption Index, the production of Bitcoin requires 143.5 terawatt-hours of electricity per year, which is more than in Ukraine or Norway. As of August 2021, mining a single Bitcoin would need nine years of household-equivalent power. Application-specific integrated circuits, or ASICs, are necessary computer hardware and can cost up to $10,000. ASICs consume massive quantities of energy, which has sparked criticism from environmentalists and restricts miners' profitability. Joining a mining pool is one method to share some of the hefty costs of mining. Pools enable miners to share resources and increase capabilities, but shared resources imply shared incentives. Therefore, the potential payment is lower while using a pool.

Surprisingly, the Bitcoin protocol's supply restriction of 21 million is not stated in its white paper or code. Instead, the ever-decreasing quantity of Bitcoins paid by each block, together with the decentralised network of computers enforcing that reward, allows the network to implicitly forbid the issuing of Bitcoin beyond the limit.  

Nakamoto set the restriction to make the money rare and to minimise inflation that may result from an infinite supply. The idea is simple: if there is a limited amount of Bitcoin, its value would eventually grow due to increased demand and less supply. The difficulty is that Bitcoin achieved 90% of its maximum supply earlier this month. The most significant effect of approaching and eventually exceeding Bitcoin's supply cap is that mining will become significantly less economical. However, the procedure will take more than a century. Bitcoin miners will still be compensated, but only through transaction fees rather than newly generated coins. Since the cryptocurrency's inception in 2009, about 19 million bitcoins, or 90% of the total, have been mined.

Nonetheless, recent predictions indicate that the final Bitcoin will not be created until about 2140. The rate of new Bitcoin left to mine is expected to diminish over time. Every 210,000 blocks, the pay-out for mining each block of bitcoin, which is done every 10 minutes, is cut in half. This occurs every four years. The reward per block had decreased from its original value of 50 BTC per block in 2009 to just 6.25 bitcoin by 2022. By the end of 2024, miners are scheduled to receive just 1.56 Bitcoins for confirming a block of transactions.  

## The History of Bitcoin Mining

Mining was swift at first: according to research firm [Messari](https://messari.io/), half of the 21 million potential Bitcoins had already been mined by late 2012. In 2021, issuance dropped significantly, with fewer than half a million BTC mined for the entire year. If demand for Bitcoin continues to rise, reaching the supply limit would certainly raise its price. This is because everyone desiring to acquire Bitcoin will have to do it from another person, giving sellers influence over the price. Even if all Bitcoins are produced, far less than 21 million will be actively circulating. Chainalysis, a data analytics firm, believes that nearly one-fifth of all coins created have been lost. Bitcoin is stranded in wallets with lost keys, by the physical loss of hard drives where those keys were kept, or even in wallets belonging to deceased owners who never passed on the credentials required to access them. If Bitcoin in 2140 is mainly used as a store of value rather than for everyday purchases, miners can still profit - even with low transaction volumes and the absence of block rewards.

Miners can charge hefty transaction fees to execute high-value or big batches of transactions, with more efficient "layer 2" blockchains like the Lightning Network collaborating with the Bitcoin blockchain to allow everyday Bitcoin spending. However, because the rewards are half every four years, the cost of operating the enterprise will soon outweigh the miners' earnings. Mining may become an unsustainable economic model. Transaction fees will, however, eventually climb because only a limited number of transactions may be validated every 10 minutes. This would be compensation for miners suffering a lack of block rewards, but the transaction amount is dependent on the network's future state. Miners might also employ innovation to improve energy efficiency and reduce expenses. 

If the number of network transactions grows in the future, the pace of the transactions may slow. Bitcoin's architecture prioritised accuracy and integrity over speed. If the volume of transactions in the network falls, Bitcoin could become a reserve asset. That would push out small retail traders, which would be replaced by substantial institutional players, raising transaction costs and making trading more expensive.  
Furthermore, if Bitcoin mining becomes unprofitable in the absence of block rewards, the following damaging effects may occur: 
Groups of miners may create cartels to dominate mining resources and charge higher transaction fees.  

Selfish mining happens when miners agree to hide new legitimate blocks and then release them as orphan blocks. The Bitcoin network has not verified these new blocks. This method can lengthen block processing delays and guarantee that fresh blocks are subject to large fees when they are issued to the blockchain. 

Scarcity will undoubtedly contribute to increased Bitcoin buying. FOMO (fear of missing out) cold create a rush to purchase the rare asset, and those who already own it will be in an advantageous position to sell. However, there is also hope that prospective rules will help keep volatility under control. 

Furthermore, if supply stagnation continues to increase Bitcoin's value for the next 100 years, consider this thought experiment: a home worth one Bitcoin now would be worth half a Bitcoin in 10 years, one-tenth of a Bitcoin in 30 years, 0.05 Bitcoin in 40 years, and so on. Such a system would not function in the same way we expect rupees and dollars to, which explains both the excitement and concern about what Bitcoin in its current shape may do to our economic system. 

Bitcoin doesn't just bring scarcity to the digital domain. It offers a predictable monetary policy that can be planned over time, and which differs from the present monetary system in which governments and policymakers can expand the supply of money, as we have seen in recent years. As a result, currency depreciation is impossible in Bitcoin, and its users' purchasing power is safeguarded. In addition to safeguarding people's buying power, Bitcoin's predictable policy allows users to prepare for the future because they can be confident that no one will debase their money. Important societal improvements may be possible through a strong commitment to long-term labour and investment, rather than short-term bets.

The price of Bitcoin in US dollars might be viewed as a lagging reflection of humanity's comprehension of the technology and its revolutionary value proposition. So, while the Bitcoin price may eventually trend to infinity, it will not be a reality until most of the global population or most of the world's money realises it.






	


How Many Bitcoins Are Left to Mine?

What is a crypto mining company? How does it work? What happens when all [bitcoins](/coins/btc) are mined? If you have similar questions, read this article to the end. We will dive into these topics and learn more as we explore the particulars of a mining company, crypto mining, and its legal aspects.

## What is Cryptocurrency Mining?

Cryptocurrency mining is a process requiring specialised computers, also known as mining rigs or nodes, to verify blockchain transactions for a particular crypto coin. The miner, in turn, receives a mining reward for their computational work.

## The Mining Dozers: Rigs, Nodes, and Pools

Blockchains need an expansive network of high-performing machines to validate and store transactions. Mining rigs use modern processors, like FPGA, GPU, or ASIC, and serve as nodes for their network. One might wonder if using standard personal computers as mining equipment is enough to mine Bitcoin. Here's the reason why it's not a good idea. Personal computers lack the computational power required to handle this level of processing. Therefore, a mining rig is used to perform cryptocurrency mining. It's a combination of mining devices to increase the mining output power, multiply hash rates, and thus the rewards.

Bitcoin mining requires enormous computational power and electricity. But having such resources for an individual miner is not easy. So, miners form a mining pool, which allows them to work together and combine their computational resources over a network for more profitable mining.

## How Does Cryptocurrency Mining Work?

Here is how a cryptocurrency mining company works. Cryptocurrency mining is not merely about mining new coins. It serves two purposes: generating new coins and validating transactions on the blockchain.
Bitcoin miners earn the reward, in the form of Bitcoins, when they complete verifying a block of transactions. This increases their capital along with the total number of Bitcoins in circulation.

## What is proof of work (PoW)?

PoW is a consensus mechanism to ensure all stakeholders agree on the legitimacy of transactions and prevent miners from spending the same money twice. Many cryptocurrencies, including Bitcoin, use the PoW strategy to achieve these verifications.

In the PoW mechanism, miners race to solve complex mathematical problems once a transaction block is filled. After solving the equation, they generate a 64-hexadecimal hash, which allows the miners to generate Bitcoin for themselves and verify the transaction.

## What Happens When All Bitcoins Are Mined?

The limit on Bitcoins that can be mined or issued is 21 million. This number is not expected to be reached because Bitcoin uses bit-shift operators. The number of Bitcoins issued per block decreased roughly by four years. Therefore, the final Bitcoin isn't expected to be generated until 2140. What happens after reaching the upper supply limit largely depends on how Bitcoin evolves.

What happens when all Bitcoins are mined? Even if the number is ultimately slightly below 21 million, new Bitcoin will no longer be issued. However, Bitcoin transactions will continue to be pooled into blocks and processed. Miners will likely continue to get rewards in terms of transaction processing fees.

## How to Start Mining Cryptocurrency

Before you start mining cryptocurrency, there are some factors to consider. For starters, your regular computer or laptop won’t really cut it, as mining cryptocurrencies require a lot of computing power and time. Here are the basics you will need to start mining cryptocurrency:

•	Computer equipment
•	Mining software
•	Wallet

Depending on which cryptocurrency you opt for, you will need to set up a special mining rig. Bitcoin, for example, is mainly mined using ASIC (application-specific integrated circuit) rigs. It can cost thousands of pounds each. Since you will be going through a lot of power, you should also consider the electricity cost.

Furthermore, you will need specific software to carry out the actual mining. Next, you’ll need to set up a crypto wallet to store the earned coins. You might also need a mining pool membership for high-probability limited profits.
 
## Is Bitcoin Mining Profitable?

Mining Bitcoin can be profitable if you earn more than your mining costs. The profit, however, depends on several factors, including the operating expenses and the cost of equipment.

How much do Bitcoin miners earn? For every successful verification, miners currently receive 6.25 Bitcoins. But this amount gets halved every four years or so. As of May 2022, 6.25 Bitcoins are worth roughly £182,000 – not a bad payday! But first, you need to beat off the competition to validate the block.

## Risks of Bitcoin Mining

Price Volatility: The value of Bitcoin has significantly varied since it was introduced in 2009. During the past year, Bitcoin has traded for less than £25,000 and nearly £65,000. This kind of instability makes it difficult for miners to evaluate whether their reward will outweigh the high costs of mining.

Regulations: Not many governments have embraced digital currencies like Bitcoin, and many are ready to view them sceptically. Due to their decentralised nature, these currencies operate outside government control, and their mining contributes to the carbon footprint. There’s also a risk that governments might outlaw Bitcoin mining or cryptocurrencies altogether.

## Downsides of Crypto Mining – All Revealed

While crypto mining offers high return prospects, there are some downsides to it. Crypto mining uses a great deal of electricity, emitting a giant carbon footprint. It's also associated with regulatory and financial issues.
Crypto mining is an energy-hungry process. Bitcoin mining, for example, uses more electricity than countries like Norway, Sweden, and Argentina. This reflects mining's mammoth greenhouse gas emissions and high costs. 

Therefore, mining tends to occur in regions with low electricity costs. But this also results in worsened environmental problems due to a lack of modern infrastructure, thus adding to the growing energy problem.
The ongoing operation cost isn’t the only expense miners face. The upfront costs to start mining can be ridiculously expensive as well. The hardware miners need, including the mining rig, can cost a few thousand pounds each.

Moreover, running into a problem with your computer isn’t rare. You’ll need some skills to quickly troubleshoot the computer if you run into an issue. Bitcoin mining isn’t for people with a lack of computer know-how. Understanding the mining procedure and setting up necessary equipment requires understanding blockchain and computing infrastructure.

## Crypto Mining: Outlawed in Some Countries

Imagine you've set up your mining rig to mine Bitcoin, only to discover you're not allowed to mine. You must understand the legal aspect of cryptocurrency mining in the region you're mining in.
 
Some countries discourage Bitcoin mining due to its decentralised nature and environmental impact. China's government banned crypto mining as it was concerned about the environmental effect and people using digital currencies for money laundering and fraud. Other countries that banned cryptocurrencies include Egypt, Morocco, Algeria, Qatar, Iraq, Oman, Bangladesh, and Tunisia.

Countries like Sweden want the European Union to halt the 'Proof of Work' mining because of its energy concerns. Implementing this proposal would drastically reduce the number of areas where miners can legally operate.
Another 42 countries, including Bahrain, Bolivia, and Algeria, have implicitly banned digital currencies by prohibiting banks from dealing with crypto or restricting cryptocurrency exchanges.

## Bitcoin Energy Consumption

Bitcoin's estimated energy consumption was around an annual rate of 6.6 terawatt-hours in 2017. But in early 2022, it soared to 138 terawatt-hours, sparking a heavy debate about the growing energy problem and climate concern.

Why does it use so much energy? Bitcoin mining uses oodles of electricity to help computers solve complex mathematical problems to validate transactions. The complexity of these calculations increases as the number of miners grows. Therefore, miners now require more powerful machines and bigger server farms to get a competitive edge. 

The positive news is that the community is trying to mitigate this negative impact by seeking green and cleaner energy sources (such as solar or geothermal energy) for mining operations. Shifting to less energy-intensive consensus mechanisms, such as Proof of Stake (PoS), is another strategy. However, switching to PoS has its own drawbacks. Critics of PoS say this mechanism incentivises hoarding instead of using coins and risks the centralisation of consensus control.

## Should You Mine for Cryptocurrency?

Should you start your own cryptocurrency mining company? The answer depends on your risk tolerance, resources, and knowledge.

First, ask yourself if you understand the process of setting up the equipment and troubleshooting any problems. If you answer yes, then the next question is if you can cover the ongoing expenses and upfront costs involved in cryptocurrency mining. Do you have enough capital, equipment, and access to electricity capabilities to make this project profitable? If yes, have you considered the environmental and legal impact? If the answer is yes, the final question is whether you've considered the financial risks involved with mining. You will be rewarded with the same cryptocurrency when you do crypto mining. The prices of these currencies can fluctuate massively. So, the mining profit could be a huge payoff or next to nothing.

Suppose you have the resources and knowledge and can also tolerate the risks. In that case, you could be ready to do Bitcoin mining and keep the ‘proof of work’ cryptocurrencies working!

## The Bottom Line

Cryptocurrency mining is an energy-intensive process with a powerful mining system that competes to solve complex maths puzzles. A reward is paid, in the mined currency, to the first miner to solve the equation. This process confirms transactions on the network and makes them reliable.

During the cryptocurrency's early days, individual miners using regular computers played a role. However, large mining companies now dominate the ecosystem that runs mining pools worldwide.

Bitcoin mining is also controversial because of its astronomical energy usage. With increasing awareness of climate change and cryptocurrencies being out of governmental control, many countries have outlawed crypto mining. Because of that, several miners have moved operations to regions that use green energy sources for electricity production to reduce the environmental impact.
 
 



Crypto Mining Company: How Does It Work?

## Are you aware of [Bitcoin's](/coins/btc) growing energy problem?

The process of mining Bitcoin has resulted in a growing energy problem. This has turned it into a topic of heavy debate over the past few years.

Bitcoin mining is becoming more and more controversial because of its highly energy-hungry process by design. The cryptocurrency requires enormous hash calculations to process financial transactions without intermediaries. The primary impetus for each of these calculations is electricity. This article will discuss Bitcoin server mining, its growing energy problem, and why it has become a point of concern for the globe. 

## What is Bitcoin Server Mining?

Bitcoin server mining is creating new Bitcoins by solving complicated math problems. It consists of computing systems with specialised chips competing to solve mathematical puzzles. The mining process verifies transactions on the cryptocurrency's network and makes them reliable. When you successfully mine a Bitcoin, you will receive a predetermined number of Bitcoins.

## How Much Energy is Consumed?

Bitcoin's estimated energy consumption shot up from an annual rate of 6.6 terawatt-hours in 2017 to 138 terawatt-hours in early 2022. That's more energy than the annual consumption of countries like Sweden, Norway, and Malaysia.

## Why Does Mining for Bitcoin Use So Much Energy?

Bitcoin mining consumes a lot of energy to help computers solve complex mathematical problems to verify transactions. The intricacy of the calculations increases as the number of Bitcoin miners grows, forcing them to invest in even more powerful machines and more giant server farms for competitive advantage.

However, the Bitcoin proponents say the cryptocurrency still only uses a minute proportion of global electricity consumption – less than what's required to power the world's Christmas lights.

## Are We Trying to Reduce the Carbon Footprint?

As the debate over Bitcoin's growing energy problem raised climate concerns, many miners worldwide have been trying to embrace green energy in mining. The strategies miners should use to reduce carbon footprint include:

•	Improving mining processes
•	Cleaning up electricity supply
•	Shifting to renewable sources
•	Optimizing transportation
•	Reducing waste

## Are Bitcoin's Emissions Dropping?

While notable personalities like Elon Musk, Michael Saylor, and Jack Dorsey exhort the industry to fuel-switch green energy, there has been a surprise increase in global carbon emissions. According to one of the leading energy journals, [Elsevier's Joule](https://www.journals.elsevier.com/joule/recent-articles), the share of renewables in the overall energy mining dropped from 42% in 2020 to 25% in August 2021. Likewise, the carbon footprint from generating electricity grew by 17% between 2020 and 2021.

## Has the Climate Concern Impacted the Crypto Markets?

Yes, it has. Elon Musk, the chief executive of Tesla, said in February 2021 that the company had invested $1.5 billion in Bitcoin. He added that it would accept the cryptocurrency as a payment method for its products. This move made the digital currency more popular with investors. However, Musk later that year announced a stunning turnabout that Tesla had suspended vehicle purchases using Bitcoin due to its climate change concerns. The decision provoked a sell-off in Bitcoin that affected many other cryptocurrencies.

## What is the Most Efficient Bitcoin Miner?

The widely considered best Bitcoin miner is Antminer S19, followed by WhatsMiner M30S+ and AvalonMiner 1246. This mining hardware varies in power consumption, hash rate rating, and price. You can use profitability calculators with mining pools to find the best one for you.

## What Does the Future Hold?

Bitcoin's critics say the energy-hungry "proof of work" (PoW) system used on its blockchain was never designed to hold up what's now a trillion-dollar asset. This debate gave the backers of rival cryptocurrencies a chance to seize on Bitcoin's growing energy problem as an argument to shift to lower-power alternatives. Ethereum is widely expected to switch from energy-consuming PoW to "proof of stake" (PoS) by 2022. This will slash its estimated energy consumption by about 99%. Like Cardano and Solana, many newer blockchains also use variations of "proof of stake" as an alternative process that takes up less electricity.

The bright side is that Bitcoin's development community is experimenting with solutions to improve its energy efficiency, which may alleviate the climate concern. What the future holds for Bitcoin server mining and investors is still unknown. However, it remains the world's dominant cryptocurrency despite many challenges.


Bitcoin's Growing Energy Problem - All Revealed

Cryptocurrencies like [Bitcoin](/coins/btc), Litecoin and some others are generated through mining. Crypto Tab Browser was designed to make mining easier for miners. The digital world is greatly advancing, including the world of cryptocurrency. Hopefully, Crypto Tab will bring a lot of positive impact for crypto miners. Read on for more insights!

## Crypto Tab Browser

According to the creators, Crypto Tab Browser is an app that supports mining and browsing the web. This browser stands out as the first of its kind.

[Crypto Tab](https://cryptotab.net/en/) is a one-of-a-kind browser used to surf the web and mine Bitcoin simultaneously. If your mining is successful, you get rewarded with the mined Bitcoin. 

You are probably wondering how possible it is for a browser to have the capability of mining Bitcoin, considering the high level of hardware devices needed. 

The app is said to be a free, reliable cryptocurrency mining app, but is it?

## What is Mining?

To fully understand what Crypto Tab Browser is about, you must first understand what mining is and how it works.
The mining process creates new coins for some cryptocurrencies. This helps to maintain the circulation of the coins. 
Mining for most coins, especially Bitcoin, is usually not easy. Mining requires high hardware capable of solving complex problems. The miner who first solves the next block and broadcasts it, if approved, gets added to the blockchain. The miner then gets rewarded with the mined coins. 

Crypto Tab creates an easy opportunity for Bitcoin miners to earn Bitcoin. Miners will enjoy this browser, with its lightweight browsing speed and fast and ready-to-mine feature. The best part is that the browser is completely free.

## Features of the Crypto Tab Browser

Based on the description of the browser by its authors, the browser:

•	Is a super-fast, lightweight browser: This app offers a fast internet speed. Aside from having good mining features, Crypto Tab provides a good browsing experience.
•	It has built-in mining features CryptoTab: this is the unique feature of this app. Mining is a process that requires unique hardware devices, but with this app, you can mine with any device. 
•	It is user-friendly: Users can easily assess the browser
•	Sync everything across multiple devices: The app can be synced with all your devices. 

## What Can the Browser Do?

•	Crypto Tab Browser is a reliable browser with lots of unique features. 
•	Miners can earn on the browser while still surfing the internet. 
•	Mining on the browser is fast due to its fast built-in mining algorithms. 
•	It can be used on all devices, including desktops and tablets. 
•	It mines bitcoin: 

## Some controversies about Crypto Tab

Despite all these positive attributes of Crypto Tab, most people still have their doubts about the browser. 
Although Crypto Tab is a free browser, people still suspect it to be a scam. Whether the browser is a scam or not remains uncertain.


Crypto Tab Browser: What You Need to Know

Do you know your crypto mining rig from your hash rate? Don't worry, this article will explain some crucial cryptocurrency mining terms you should know. 

It's perhaps an oversimplified definition, but using power-intensive computer systems to create [Bitcoin](/coins/btc) and verify transactions on the blockchain is a concept known as cryptocurrency mining.

As these mining operations become outlawed in certain countries, others are embracing the activity. Either way, cryptocurrency mining is a concept that every digital investor should at least understand to an extent. This article helps you achieve that.

A closer look reveals that cryptocurrency mining is a competition or race of sorts between miners. These miners build "rigs" from computer hardware that perform mathematical calculations for the cryptocurrency network to confirm transactions and increase security. The miners who are successful at solving these math problems first are rewarded with a new amount of cryptocurrency and they can also collect transaction fees for the transactions they confirm.   

The most common terms associated with cryptocurrency mining activities are listed below:

## Crypto Mining Rig

A crypto mining rig is a collection of physical hardware components assembled to perform the computational processes of the mining operations. Core component(s) include:

Central Processing Unit (CPU) – Once a crucial component for solving the complex calculations required in crypto-mining, the evolution of mining has made the CPU essentially a thing of the past.

Graphical Processing Unit (GPU) – In charge of the digital rendering in a mining system and much more useful in mining than the old CPU because of their speed and efficiency.

Field Programmable Gate Array (FPGA) - Unlike other architectures, FPGAs have the versatility of being programmable, giving miners the flexibility to alter their programming to improve their functionality.

Application-Specific Integrated Circuit (ASIC) – A hardware component designed exclusively for cryptocurrency mining, whereas CPUs and GPUs have other purposes in many industries. ASIC is expensive and very complex, but more efficient at mining.

### Hash Rate

Cryptocurrency miners are tasked with producing a 64-digit hexadecimal number called a hash. Hash rate is the term given to the calculating power of a device measured in hashes per second. Each hash rate is a created block that is tested against the network.

The hash rate is of utmost importance to crypto-miners because of the competition with "fellow" miners. Each miner wants their rig to be the first to generate a valid hash. To do so, their rigs need to solve those incredibly complex mathematical puzzles as rapidly as they can.

### Proof-of-Work

Cryptocurrencies evolved out of a desire to exchange currency without a financial “overseer” being involved - Better known as decentralisation. Proof-of-Work (PoW) makes this possible because it is one method of absolutely confirming cryptocurrency transactions. How? Proof-of-work adds a new block of transactions to a cryptocurrency's existing blockchain. Crypto miners compete to add these new blocks to the blockchain successfully, and the winner reaps the rewards of newly minted cryptocurrency and transaction fees.

## Is Cryptocurrency Mining Legal?

Much about the cryptocurrency market, in general, remains unregulated; cryptocurrency mining is no exception. Therefore, its legality is mostly opaque to much of society, including the crypto-miners.

For the most part, crypto miners are considered money transmitters. That means that crypto-miners operate under the jurisdiction of the rules governing those kinds of transactions in whatever country the miner decides to build their rig(s). For example, cryptocurrency mining is considered a business in Israel. It is therefore subject to corporate income tax in that country. Despite cryptocurrency mining being around for over a decade, there is still a great deal of regulatory work to be done in most countries.

For now, geography seems to be the determining factor in the legality of mining. Russia and China have [banned cryptocurrency mining](https://cryptonews.com/guides/countries-in-which-bitcoin-is-banned-or-legal.htm), but the U.S. and Canada appear to be embracing mining efforts in their territories.

## Conclusion

Not all cryptocurrency investors are encouraged to get into mining - it is not an easy way to make money, and it is a huge liability to the environment because of the inordinate amount of energy crypto rigs consume. Politically speaking, mining is expected to become a strategy of many countries which see a future in cryptocurrencies. Countries willingly putting up barriers to the widespread adoption of cryptocurrencies in their territory will be sabotaging their own innovation engine.



Crypto Mining Rig and Hash Rate: Know Your Crypto

The politicians in the all-American state of Texas are rapidly turning pro-[Bitcoin](/coins/btc).  For years, cryptocurrency advocates have been in the ear of the state governor, Greg Abbott, hoping to convince him that crypto mining, and the intensive demand that the mining process puts on electricity, is the perfect way to modernise and fool-proof the southern state’s existing power grid.  Frankly, nothing is being left off the table in terms of what the state is willing to do to strengthen its electrical infrastructure after three severe winter storms cascaded over the state in February 2021 causing the [worst energy infrastructure failure in the state’s history. ](https://www.nature.com/articles/s43017-022-00267-y)

 More than 4.5 million homes and businesses were left without power, some for several days, and nearly 240 people lost their lives, either directly or indirectly because of the crisis.

## Demand on Electrical Supplies

In the fall of 2021, the Texas governor convened his local cryptocurrency brain trust for a shindig in the city of Austin where they discussed the possibility of making Texas the new capital of cryptocurrency’s mining industry. The concept behind what some are calling ‘pure madness’ is that the massive configuration of the miners’ technical infrastructure would place such a crazy demand on the state’s electrical supply., Surely an aspiring entrepreneur would be attracted to the opportunity and come to the state to erect more physical power plants - a core component of the mining plan that the state is sorely lacking. The fail-safe would be that if the electrical supply begins to wane, as it did in February of 2021, crypto miners would dutifully, and temporarily, power down their mining operations so that the state could hypothetically ‘catch its breath‘ and conserve electricity for the state’s residents and business owners.  

So far, two prominent Bitcoin miners have stepped up to say they would be willing to adhere to such a plan.

## The New Mecca of Crypto Mining Rig

Talk, as they say, is cheap.  Even in a state as red-white-and-blue as Texas.  The state’s leadership might be more inclined to move forward with the plan if they have more than verbal assurances that the cryptocurrency mining community would promise to “down their computers”, just because someone wearing a hard hat in some remotely located power plant asked them to do so.  For the governor’s part though, Abbot seems optimistic that the miners will be true to their word, and there are presently swaths of bitcoin mining components and computers that are en route from China to make Texas the new Mecca of the world’s cryptocurrency mining operations.  

“We have launched our first bitcoin mine in downtown Fort Worth, which will be a showpiece for our larger mine located right outside the city,” said Caleb Ward, the co-founder of Geosyn Mining.

Critics are afraid that crypto mining will consume more energy than the state can adequately provide and regulate.   The subject is likely to remain a hot-button issue with voters as the Texas governor intends to make courting the Bitcoin industry a highlight of his re-election campaign in 2022.


Texas to Become World’s New Capital for Crypto Mining Rig

The Black Swan events of December may have knocked Bitcoin, the world’s most popular crypto-currency, down 30% in value this month. But, judging from the resilience of the mining activity around the world, which has experienced a full recovery since the Chinese “_ban_”, the cryptocurrency investment community has further evidence to suggest that digital currencies will continue to rebound from whatever may get thrown at them.

## The 'Mecca' of Crypto-Mining

Once upon a time, China was _the_ mecca of cryptocurrency mining with reliable estimates putting the country’s slice of the global crypto-mining pie at the 65% to 75% mark.  Then, September 2021 happened.  The communist nation with a population of 1.4 billion [essentially banned all cryptocurrency transactions](https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/), including any mining activity that was happening in the country.  The Chinese ban was thought to be the sound of the death knell for digital currencies, but, again, the cryptocurrency market has shown remarkable “comeback” potential.

The recent rebound in global cryptocurrency mining was declared by measuring what’s referred to as the [_hashrate_](https://www.yahoo.com/now/hash-rate-cryptocurrency-calculated-172307967.html#:~:text=The%20hash%20rate%20is%20the,part%20of%20the%20mining%20operation.), a term that’s used to describe the computational power of all the mining activity taking place on the bitcoin network.  Specifically, it refers to the amount of computing power per second that the cryptocurrency mining process requires.

Getting back to China, once the ban was announced last summer the cryptocurrency market may have plummeted, but the miners simply folded up their tents, packed their gear, and took their operations to countries that demonstrated a more amiable attitude towards digital currencies.  For example, the United States has been a big beneficiary of the Chinese ban – The US is a provider of plentiful, inexpensive electricity and even Kazakstan, where electricity is _even less_ expensive saw a huge migration in cryptocurrency miners.

Cryptocurrency mining has certainly received its fair share of press, especially now that the effects of the Chinese ban have been eclipsed by the market’s recent global mining activity, so it’s worth taking a moment to understand what cryptocurrency mining really is.

## What is cryptocurrency mining?

Most of society believes the cryptocurrency mining process is just a way of creating new coins.  That’s true, but there’s more involved.  Crypto mining is deemed successful once miners have validated cryptocurrency transactions on a blockchain network and then successfully add them to a distributed ledger.  Most importantly, the mining process prevents the “[double-spending](https://www.gemini.com/cryptopedia/double-spending-problem-crypto)” of digital currency.  In the most basic sense, cryptocurrency mining is the process of solving very complicated mathematical puzzles.  If you can solve them fast enough, you’re rewarded with a coin.  However, cryptocurrency miners that solve these puzzles slower than their competition _don’t_.  It’s a process called “[proof of work](https://www.investopedia.com/terms/p/proof-work.asp#:~:text=Proof%20of%20work%20(PoW)%20is,transactions%20and%20mining%20new%20tokens.).”

The most remarkable thing about this story is that a global superpower instituted a countrywide ban of cryptocurrency transactions, and less than six months later the cryptocurrency market is making a “chest thumping” statement with a full recovery.


China Crypto Ban Brushed Off as Mining Recovers

Bitcoin miners in the mining industry are planning to move towards nuclear energy as pressure to go green increases.

According to Harry Sudok from [GRIID](https://grid-mining.com/?a=about), nuclear energy presents a 'tremendous opportunity to introduce enormous amounts of clean, carbon-free energy' to the base load. Sudok spoke at the Bitcoin and Beyond Virtual Summit earlier this month for American Bitcoin mining company, GRIID.

## Hopes for Nuclear Expansion

He said; “The growth rate is largely focused around solar and wind right now, and that’s just the reality of the programs that have been rolled out over the last 8-10 years. But what we’d love to see is an expansion of nuclear".

GRIID is a renewable energy company that specialises in solar and wind power. They have been mining since 2013 and offer full service to their customers who want to get involved with Bitcoin, but don't know how to start.

## Benefits of Using Renewables

Sudok believes the industry needs widespread adoption of renewables before it can be successful globally. He also wants more people to understand the benefits of using renewables. He said; “We need to communicate all the positive things that are happening in renewable energy, not just reduced emissions".

Sudok claims that GRIID has experienced an exponential growth rate for 12 months. They have expanded their customer base and staff numbers during this period.

Latest Moni

Crypto Mining News

Read the latest Mining news