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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Which mining software is reliable and which mining software is better? There are thousands of types of mining software. There are several different mining software for each digital currency. As the saying goes, if the forest is big, what kind of bird is there? They all exist. Some mining software is a typical scam. Not to mention the price, it has no effect after buying it. The mining efficiency is extremely low, and it is very easy to be damaged. So which mining software is more reliable? Well, in fact, there are only a few popular mining software on the market, and they are also mining software that have always been praised by many. Today I will introduce them to you. Virtual currency mining, a huge trap - a summary of lessons learned by a miner who lost all his money

Yes, as the title says, virtual currency mining is a huge trap. This is my personal experience. I get angry when I see some nonsense articles on online forums. I think no one knows what the truth is. Those who have experienced it may be convincing.

Note that I said "Bitcoin mining", not "Bitcoin". As for whether Bitcoin itself is a huge trap, I'm not sure. Maybe Bitcoin is indeed a future direction, but I hope to buy a mining machine. Making money from mining can clearly be said to be a wishful thinking.

As a believer and participant in Bitcoin, I once had extremely big dreams, as if I saw a new opportunity to get rich, an opportunity for ordinary people to make a comeback in the new era. In January of this year, after thinking about it for a while, I decided to invest in Bitcoin mining. Now that I had made the decision, I quickly purchased 25 Antminers (twice) that were very well received by miners and started mining. After a few months, not to mention making money, not even a quarter of the cost has been recovered. As the difficulty of mining increases, it has become increasingly difficult to mine. There is no hope of getting back the money. It is certain that all the money has been lost. This is really a lesson learned in blood and tears. In order to alert more friends like me who have the same dream of getting rich and spend their capital, I wrote this article and analyzed the whole story.

1. Never be idealistic.

This was the biggest mistake I made. When I first decided to invest in mining, I also did analysis and calculations, but all calculation ideas were based on theoretical calculations, but in reality you will never reach the theoretical state, or even far away. .

(1) Cost.

The cost is not just the cost of purchasing a mining machine. For a batch operation like me, it is much more. Even the cost of the mining machine only accounts for about 60%-70%. First of all, I have to find a place to put the mining machine. Because the power consumption of the mining machine is very large, the power supply load of ordinary residential buildings is only 4000W to 5000W, so I have to rent a separate site and have enough power supply. I can only find a commercial site. , renting a house suddenly became expensive, and the electricity bill was more than twice as expensive (more on this later).

In addition, it is necessary to build all the lines, such as wires, network cables, hubs, etc., as well as purchase a shelf to place the mining machine. These cost a lot of money. In the end, these other expenses besides the mining machine almost reach the cost of the mining machine. Half of it. Mobile phone mining is probably not reliable and the computing power is too low. Even the most powerful processors today have very weak benefits.

Mining still relies on computers. The process of using the computing power of the CPU and GPU to find hash values is called mining. I have tried various mobile phone mining before, but gave up later. They are all scams.

Okay, through the above summary, do you have a deep understanding of all aspects of virtual currency? I hope this article will answer your doubts and let you know more about your currency, and you will have a deeper understanding. Virtual currency. I hope you will gain a lot, and your wallet will become more and more full. Finally, virtual currencies also have certain risks. I hope everyone will act according to their ability, carefully and objectively analyze various factors, and consider whether to choose a currency based on their own conditions. Hope this article will help you. If you have other needs, you can continue to pay more attention to our articles, which will be pushed from time to time. We hope that everyone will have a clearer understanding of your virtual currency by reading our articles. Thank you for reading.