Regardless of what people personally think about cryptocurrencies – it is undeniable that they have become one of the most desirable investments in recent years. But is a purchase the only way to get a reasonable amount from cryptocurrency?
Cryptocurrencies and their future
The cryptocurrency community, once understood only by a relatively small community of anti-establishment investors, has now become common knowledge – and fast. Analysts estimate that the global cryptocurrency market will triple in size by 2030, reaching a capitalisation of almost $5 billion.
What’s more, the profile of investors has evolved. In the age of viral information, it is no longer such a niche hobby. Rather, everyday consumers have seen this new asset class as a way to supplement Compared to previous years, older consumers have begun to support cryptocurrencies at a much faster pace. In the United States, people over the age of 35 account for almost half (47%) of those who expect to invest in cryptocurrency in the next six months.
Many of these current and potential crypto investors offer a new way to manage their finances, and many also believe that the financial freedom of cryptocurrencies has liberated them from the rigidity of traditional banking.
Get crypto
To date, the most popular option to acquire crypto is to buy traditional currencies from exchange offices or exchanges and then exchange them for a specific cryptocurrency. However, this is not possible with many types of electronic coins. Exchange offices only support the most popular currencies, such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple can be used. In doing so, it is important to remember that the cryptocurrency market is still growing, and to access the remaining 2,000 or so existing cryptos, commonly referred to as ‘altcoins’, users must trade Bitcoin (BTC) or Ethereum (ETH). For example, the Coinbase exchange offers Bitcoin, Ethereum, Litecoin and Bitcoin Cash, which users can purchase with a debit card. To acquire altcoins, an exchange user must transfer BTC, ETH, LTC or BCH to an exchange that has all of these pairs.
However, there is another option for obtaining cryptocurrency, and that is to dig it up, or mine it. Mining is the process that Bitcoin and several other cryptocurrencies use to generate coins and verify new transactions. It involves vast, decentralised networks of computers around the world that verify and secure blockchains – the virtual ledgers that document cryptocurrency transactions.
In return for contributing their computing power, computers on the network are rewarded with new coins. This is why those involved in mining are called miners: they maintain and secure the blockchain, the blockchain rewards them with coins, and in turn the coins provide an incentive for miners to maintain the blockchain network.
Crypto-excavator… what it is
A cryptocurrency digger can be a computer or a single graphics card. The most common are graphics card kits or dedicated ASIC-type devices. They must meet the appropriate requirements, especially in terms of power. The process of ‘digging’ is validating new blocks and attaching them to an existing sequence – the so-called blockchain. To dig up a new block, the digger has to solve a cryptographic problem. This is finding a string of characters, the so-called hash. The performance of excavators is measured in hashes per second (H/s).
Cryptocurrency digging is nothing more than confirming transactions in a distributed database. Put simply, it involves confirming new blocks and attaching them to an existing blockchain. Calling this activity ‘digging’ is related to the ‘gold digging’ analogy that exists in this case. In essence, then, the operation of a cryptocurrency digger boils down to the processing of huge amounts of data. Given that the cryptographic protocol is open-source – you can join the digger at any time. All you have to do is enter the output, which includes: transactions and the hash of the previous block. The copan equipment announces the found solution on the network and the other participants in the process check its validity. If this solution is validated, the new block is considered to have been dug and the person responsible for it receives a certain number of digital coins.
Asic Pro … how it works
The Asic Pro cryptocurrency digger contains one of the best-designed ASICs for bitcoin digging via a USB device on the market.
A specific integrated circuit (ASIC) is a microchip designed and manufactured exclusively to mine cryptocurrencies with exceptional precision and speed. Compared to all previous technologies, it offers a 100-fold increase in power while reducing energy consumption. Some experts consider ASICs to be the end technology, as nothing will replace similar devices in the near future. Because their chips are designed and built specifically for one task, the devices are superior to any other technology, such as the use of special graphics cards or computer chips.
The Asic Pro is the most powerful SHA-256 excavator in USB format, which means that even in this day and age, astonishing results can be achieved with it.
Asic Pro and … instruction manual
One of the distinguishing features of the Asic Pro is its ease of use. Customers only need to go through a four-step usage process to get the most out of this state-of-the-art cryptocurrency.
Purchase orders can be placed via a dedicated website or an intermediary. During a conversation with a representative, the customer will learn exactly what the Asic Pro excavator consists of. The shipment with the machine will be delivered personally to the address indicated.
The package you receive needs to be unpacked and then connected to your computer with the Internet via a USB port. Asic Pro has a special HTML file that automatically redirects the user to the website once connected to the network.
The site can only be accessed using the Asic Pro cryptocurrency to ensure security. On the site, the customer will be able to log in, download special software that enables the device to work, and access their e-wallet account. Once the customer has logged into the site, downloaded the software and the device is fully operational, the Asic Pro will connect itself to the cryptocurrency network.
The above process fully demonstrates how easy it is to operate the Asic Pro cryptocurrency copier. The user’s only task is to purchase the device, connect it to a computer with the internet, follow the instructions and use it regularly.
The era of cryptocurrency mining is certainly not over. With devices such as the Asic Pro cryptocurrency miner, anyone can become a miner and make money by mining virtual coins!
