Bitcoin & Bitgesell Mining
Bitcoin and Bitgesell Mining
To mine Bitcoin or Bitgesell using ASIC processors, it is essential to follow a reliable tutorial that covers everything from selecting the hardware to configuring and operating the equipment. Below is a step-by-step guide to assist those interested in this process.
1. Choosing ASIC Hardware
ASIC miners (Application-Specific Integrated Circuits) are devices specifically designed for cryptocurrency mining, offering high efficiency and superior performance compared to regular computers. Currently, there are various models on the market, each with different specifications. Some of the main models include:
Antminer S19 Pro: Known for its high hash rate and energy efficiency.
WhatsMiner M30S++: Stands out for its robustness and consistent performance.
AvalonMiner 1246: Offers a good cost-benefit ratio for beginners.
It is important to assess factors such as initial cost, power consumption, and hash rate when choosing the most suitable equipment for your needs.
2. Configuring the ASIC Miner
After acquiring the hardware, follow these steps to set it up:
Physical Installation: Position the miner in a well-ventilated environment to prevent overheating. Ensure the location can support the device's power consumption.
Network Connection: Connect the miner to the internet via an Ethernet cable to ensure a stable and fast connection.
Software Configuration: Access the miner’s web interface through the IP address assigned by your router. This is usually done by entering the IP into the address bar of a web browser.
Mining Pool: Enter the details of the chosen mining pool. Pools allow multiple miners to work together and share rewards, increasing the chances of success.
For detailed visual guidance, these YouTube videos (ENG or PT) may be useful:
ENG: https://youtu.be/tpIdrZVQ9l4
PT-BR: https://youtu.be/cMQ6LnRUbmI
3. Monitoring and Maintenance
After configuration, it is essential to monitor the miner’s performance regularly. Check the temperature, hash rate, and power consumption to ensure the device is operating efficiently. Perform periodic maintenance, such as dust cleaning and connection checks, to extend the equipment’s lifespan.
Considerations on the Bitgesell (BGL) Cryptocurrency
Bitgesell is a cryptocurrency that uses the Keccak (SHA-3) mining algorithm. To mine BGL with an ASIC, the device must be compatible with this specific algorithm. Currently, Bitgesell mining can be done through dedicated pools that provide support and resources for miners.
The Future of Bitgesell Mining
In the case of Bitgesell (BGL), the continuous reduction in coin issuance due to accelerated halving (progressive decentralisation of mining) and the burning of 90% of transaction fees could lead to a situation where mining rewards become so small that ASIC miners lose interest, making room for alternative solutions such as CPU and GPU mining. This phenomenon can be called the repopularisation of home mining.
If the Bitgesell network reaches this point in a few years, it could be said that there has been a reversal of mining industrialisation, making it more accessible to anyone with a regular computer.
https://linktr.ee/bitgesell
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