Bitcoin Mining

As cryptocurrencies such as Bitcoin, Ethereum and Litecoin gain value, the number of people mining bitcoin also increases. It is possible to earn money by producing these cryptocurrencies with mining devices called Bitcoin machines that work with certain algorithms. However, people who are considering purchasing these machines need to pay attention to electricity usage and safety. As a matter of fact, these high-cost machines consume a lot of effort and can create serious risks in network usage.

What is Bitcoin Mining and How is It Done?

There is an algorithm called blockchain in crypto currencies. This infrastructure, which many countries and financial giants have started to use today, is also the source of virtual currencies, especially Bitcoin. Blockchain, whose open source codes were published in 2009, allows cryptocurrencies to be produced at home.

However, you should not think about getting rich suddenly by using these bitcoin machines. Because these currencies, which are accepted by various countries, need to be kept under control. Therefore, we cannot see the mining device as a mint. On the contrary, there is a real mining activity. To obtain cryptocurrency, it is necessary to filter thousands of data generated by the device. This requires a serious consumption of energy and power.

Although mining devices are profitable, they carry many risks. For example, it may be necessary to produce 10 units of data to obtain 1 unit of cryptocurrency. In fact, if energy regulation is not done well, the value of the money earned will be much lower than electricity and maintenance costs. If you really want to make a profit with mining devices, you need to do the energy regulation correctly. However, before that, it is useful to mention the risks that the devices may pose in the electrical installation.

Bitcoin Mining Devices

Devices, also known as Mining Rigs, are advanced and comprehensive systems. They work connected to the computer and produce data from the energy consumed. The systems, schema connections and algorithms of the devices produced for Bitcoin and altcoins are different. However, it should be noted that even a simple mining device will make electricity usage costly and risky. These devices consume much more electricity than standard household appliances. As mentioned, a small proportion of the data obtained can be converted into money, and to obtain this data, devices must operate continuously 24 hours a day, 7 days a week. The slightest power outage will render the devices inoperable and all profits will be lost within seconds. It is known that there are many plumbing problems in areas where mining devices are used. As a matter of fact, the regulation in the system does not meet the energy graph required by the device. Therefore, problems such as electrical contact are frequently seen in these systems. Using mining devices is a big risk, especially in places with old electrical installations. As a result, mining devices require intense and difficult to control energy. This energy use may create many risks in the installation or cause the usage fee to be too high to be paid with the amounts obtained from mining. It is useful to use various equipment to prevent all these situations.

Power Supply Use in Bitcoin Mining Devices

The money obtained from mining devices depends on the data of the device unless it is transferred to the account, and if there is no storage feature in the cloud system, it will be lost when the power is cut off. Although many devices have their own internal memory, a voltage change caused by a power outage can damage this memory device. On the other hand, in all crypto currencies, especially Bitcoin, a certain commission is deducted from the transfer. Therefore, it is not a good idea to transfer it on a daily basis. The data itself can be backed up in code form in the cloud account and other sources, but it is very difficult to convert these codes into money. On the other hand, it is possible to prevent this situation by using a power supply. The power supply ensures that devices continue operating during an outage. In this way, interruptions caused by the network or installation are prevented from affecting the mining devices. However, using UPS (Uninterruptible Power Supply) alone is not sufficient. Unless energy regulation is ensured and excessive voltage fluctuations are prevented, your device will be at risk.

How to Protect Mining Devices?

Mining devices do not have advanced protection systems like other electronic devices. Even if various systems are integrated, they will have no function in the event of a sudden change in mains voltage. Therefore, the only way to protect devices is to keep the electricity circulating in the installation stable. This will both prevent damage to the devices and prevent the cost of energy usage from increasing to astronomical amounts.