Real feedback on earnings on bitcoins

Recently, many consider the generatorbitcoins as a source of passive income. It is worth noting that this activity is very different from other attempts to earn money. To have a chance to get any profit, you need a fairly large initial investment.

Most people today are familiar with the bitcoins,even if they never used them. This is the first currency in the world, which is controlled by a cryptographic protocol, and not by the central bank. In principle, you can pay anything by sending BTC from the virtual wallet on your computer to the device of the seller.

So, how can you make money on this? Theoretically, your computer can become a node on the network that processes and checks transactions. With each processed block, a new block is created from a certain number of coins. This is called mining bitcoins or mining. It sounds good, but how does it actually happen? To understand this, it is necessary to study the feedback on the earnings of bitcoins, presented by specialists.

What are the difficulties?

If as of 2014, 25 coins were worthabout 2500 US dollars, today the difficulties with the production of crypto currency increased 50 times. This makes mining a disadvantageous activity if you do not have powerful ASICs.

The price of BTC has sharply increased (about $ 1000 today), but this does not quite compensate for the increase in complexity. According to the calculator profit, mining at 5 GH / s will give you $ 1.50 per day.

With the correct equipment, bitcoin mining into a great extent similar to the use of a printing machine for money, except that it is perfectly legal. But what conditions does this earnings require - a bitcoin generator? Reviews about it will help you figure it out.

What do you need to run the mining?

Technically everything you need to become a nodein the network and start printing their own virtual coins - this is a computer with Internet access. You can download a free wallet to your PC, one of several free programs for mining and join the process.

That sounds great, does not it? The problem is that the required computer power is phenomenal, so that it works like a bitcoin generator. Earnings at home, reviews about which are positive, will not be provided with a device with average characteristics. If you work alone, having only one PC, it may be several years before you see your first unit. For this reason, most users join the pool where collaborative work and awards are possible.

In the pool, when a block is created and new ones are createdcoins, you will get only a small part of them. But usually a few blocks appear in one day. The person managing the pool takes a small percentage as a payment (say 3%), but you get almost instant profit through this bitcoin generator. Reviews of earnings at home using this method contain a number of details. So, one of the important aspects of mining is that the complexity of the block solution increases with time.

So can you make a profit in bitcoins withusing a personal computer? It depends on how good your PC is. Ironically, the processing needed to extract BTC is much better performed using a graphics card (GPU), not a processor. Therefore, if you do not have a gaming computer with a good dedicated graphics card, you, in principle, can make a profit, but it will be so small that it is unlikely to change your financial situation.

Today there are two manufacturers of graphicprocessors that provide chips for all graphics cards - Ati Radeon and Nvidia. According to reviews on the earnings of bitcoins, Radeon cards work much better at bits than Nvidia. Something is related to their architecture, which does not really affect the rendering of graphics in games, but makes a huge difference in the development.

If you try to mine bitcoin with a gaming PC,having a Nvidia card (GTX 660Ti, say), you can get the following results. The effectiveness of your setting is expressed in megawatts per second (Gh / s). Let's say your card runs at about 100 Gh / s.

If you work within 24 hours with minor interruptions, you will create 0.002 BTC. It costs about 20 cents. It can be assumed that a full day of extraction of bicons will bring income to 30 cents.

In addition, this indicator is very variable, whenyou work as a pool that has a collective capacity of 3000 Gh / s. Sometimes you will end up in full load in 10 hours, sometimes in less than an hour. Therefore, it is impossible to calculate exactly what the bitcoin generator will be exactly. User reviews also affect other nuances.

But remember that increased consumptionElectricity is used mainly through the use of a graphics card. Also, the gradual deterioration of the card probably means that it will not work very long with the same power. It is possible that mining bitcoins with such introductory data will force you to spend money instead of earning money.

Maybe you can get results in 3-5times better with a Radeon card. Even better, if you have two cards installed on your PC, working in the mode of replacement and support each other. But, frankly, it is unlikely that it will pay off.

New equipment for mining: ASIC

On the other hand, there is a possibility of buyingASIC (specialized integrated circuit) - a part of electronics designed to develop bitcoins, which you connect to the computer. The weakest of those that are currently produced by Butterfly Labs, works at a speed of 5 Gbit / s (this is 500 times greater, the average graphics card).

According to a new message from the manufacturer,the miners will gain 5 watts per hex to get them hashed. For comparison, the 42-inch LCD TV is rated at 200 watts. Therefore, a user with a 5 Gbps scheme will use 0.6 kilowatt-hours per day, while a more professional ASIC will use 3 kWh.

The BTC profitability calculator estimates,that you will earn $ 17 per day using ASIC 5Gh / s and $ 170 with ASIC 50Gh / s after factoring the use of electricity. Thus, this is a very real earnings on bitcoins. Feedback from users suggests that powerful schemes allow you to achieve a fairly large profit.

How to buy such a scheme?

This equipment is not expensive, the circuit capacity of 50 GH / s is $ 2500. However, according to the calculator, it will pay for itself in 15 days. And then you can "print" money. However, everything is not so simple.

As follows from the reviews of real users,the 5Gh / s scheme will help you earn a little more than a dollar a day (if the price of BTC does not increase). That is, the benefit from such work is very doubtful. Probably, maynig looks more attractive when working with the 50Gh / s scheme - the profit will be about $ 15 per day.

Other vendors of ASIC

By the way, Butterfly Labs are not the only ASIC manufacturers. In fact, another company (Avalon) managed to create and sell its scheme for mining at the beginning of this year.

However, they sell only lots and only to buyers from the waiting list, so if you want to buy a scheme from them, you will not get it right away.

There is also an opportunity to get a smallASR ASB, whose power is 336 Mh / s. According to reviews on the work of bitcoins, if you simultaneously install and use 6 such developments, they consume little electricity and do not slow down the computer, but at the same time they outperform the graphics card.

Problems with ASIC

If we consider all of the above in the aggregate, buying equipment and mining seem like a good idea. However, there are some nuances about which experienced miners say.

At the moment there are excellent developments,which you can not just buy online. When Butterfly Labs first introduced them into production, they raised money from pre-orders. Consumers paid to get the schemes first, and the money was used by the developer to invent and create new machines. But, of course, on the way there were numerous difficulties.

The bottom line is that the smallest ASICs have startedsent to customers who placed orders several months ago. Apparently, the dispatch was very slow, and during the year only last year's orders were provided.

As soon as technical shipment of largeschemes, the company sent the first copies (50 GH / s) on the record from the first day of pre-order, June 23, 2012. As a result, customers expected their turn about two years.

ASIC will become less profitable over time

This is not just a matter of delaying the fantasticearnings. Remember that the complexity of mining bitcoins increases with time. Thus, a super machine that can help you get 1.6 BTC per day will produce significantly less in a year.

This may seem an acceptable risk if youyou can get them right now, since they have to pay for themselves for a couple of weeks, making the money for bitcoins on the machine. But if you have to part with a large amount of money now, and start to earn in the long months, the risk is obviously much more significant.

Also bitkoyn-mining can not last forever.A certain limit is set in the system, and the block size is halved every 4 years, which is why the increase in the total currency is limited. In a few years, much less new coins will be created than now.

In 2010, bitcoins were used in smallnumber of people, and their value was often discussed between the buyer and the seller individually. One well-known case concerns the sale of pizza to 10,000 BTC. At today's exchange rate, this is equivalent to more than $ 1,000,000.

Can bitcoins become the main currency or will they disappear?

It's rather risky to deal with bitcoins, the pricewhich are very variable. Since their proposal is strictly limited to the algorithm, it is hoped that if they are used by a large number of people, their price will increase. Reviews of earnings on the bitcoin course are also contradictory, because the forecast is very difficult to make.

But it is equally possible that the costwill fall, or they will become completely useless after a few months. If the bitcoins fail, nothing follows. There will be no operations from the IMF and no meetings of the G-8 leaders trying to keep the currency.

However, there are still a lot of investors,which accumulate BTC, counting on the increase in prices in the future. These people, as a rule, are at much greater risk than those who spend considerable sums in trading options or currencies. On the other hand, if you want to invest some money in the hope that BTC will cost more in the future, you can simply buy coins on the exchange, rather than mine them. Regardless of how you purchased the crypto currency, you will be able to use the services of the bitcoin broker in the future. Reviews of earnings on the resale of BTC are very volatile, and while such speculation is always associated with greater risk.

Should I buy ASIC from resellers?

Today there is a way to get a medium and sometimes a powerful ASIC faster. Some people who have already waited their turn, sell them on eBay and other similar online stores.

Or, more often than not, they sell their place in line.You pay money now (and obviously a larger amount than if you bought it directly from Butterfly Labs), but the seller does not really have a schema yet. They will send you the goods as soon as it is provided by the manufacturer.

This means, however, that you will receive your(virtual) equipment for "printing" money faster than if you place an order with the manufacturer. At least with the delivery of low-power circuits you do not have to wait too long.

There are certain risks of buying from the hands.Some of the proposals appear to be fraudulent. For example, one eBay auction was that someone was buying ASIC Avalon worth $ 1,500 for more than $ 20,000!

What is the prospect of mining?

What are the comments on earnings on the bitcoins of 2017?At the moment, using a high-tech technique allows you to get a tangible profit. At the same time, no one can guarantee its long term.

One of the problems of people receiving a veryeffective schemes-miners, lies in the fact that the level of complexity of work will quickly increase as soon as they join the network. This is explained by the fact that the protocol is configured to create a new block of 25 coins about every 10 minutes. This will make the production of BTC much less efficient.

On the other hand,that since mining using simpler devices becomes much less profitable, people who do not have ASIC will stop doing it. Presumably, most people who do this do not use such expensive and hard-to-reach devices.

Is it possible to earn bitcoins without investments?

Reviews about mining say that this processis too time consuming and has no definite forecasts. In addition, to start this procedure, you need to invest quite a lot of money. But is there a gain of bitcoins without investments?

Sometimes BTC pays for simple tasks,which can be performed by any user. This is probably the easiest niche of working on the Internet, which you can get to, but at the same time it involves a very labor-consuming occupation. Such tasks usually take a long time, and are paid for by a very small (almost irrelevant) amount of bitcoins. Even if you have a lot of free time, it still will not bring you a tangible income.

First of all, these are PTC websites orPaid-to-Click. As the name suggests, these are resources that will give you a small amount of crypto currency for viewing ads and visiting different pages by links. Reviews of the earnings of bitcoins on these resources indicate that you are unlikely to be able to get any tangible income, even if you spend many hours on it.

In addition, there are cranes or "assemblers" of BTC.These are sites that will give you a small amount of bitcoins every few minutes. Some of them distribute up to 1000 satosh (0.00001BTC) every five minutes. But even if you manage to get 1000 wins, every time within 24 hours, you will still earn only 0.00288BTC. Thus, you will receive about 1.31 dollars for 24 hours of work. Thus, the feedback on earnings on bitcoins is also not very positive.

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