7 unusual ways to mine Bitcoin!!!
Bitcoin is not a crazy asset. On the contrary, it is the most robust monetary system that humanity has ever seen.. There are many different methods of producing Bitcoin, but in our article, there will be 7 unusual methods of mining Bitcoin, you will see that it was not that difficult to do this job!
7 unusual methods of mining Bitcoin
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Mining is the name of adding Bitcoin transactions to newly generated blocks and placing them on the internet. To create the next block, all miners have to do is solve a math problem with the answer somewhere between 0 and 4,294,967,296. In return for this task, miners are rewarded with transaction fees on that block, and they also deserve a reward, which is currently 12.5 BTC, which will drop to 6.25 BTC in 2020.. That’s Bitcoin mining.
Taking the current value of Bitcoin, the approximate dollar value of a prize is $130,000. When the value is this much, many miners never struggle to solve the math problem and create the next block. It’s no surprise either.
Bitcoin mining is, in a way, an arm race. It is necessary to analyze the transaction in the most reasonable way and to maximize the hash rate.. Hash rate is the number of transactions per second by miners.. In the meantime, another logical process that can be done is to minimize the costs.. As we all know, very high electricity consumption is required in order to mine bitcoin.
See: Bitcoin mining and energy consumption
However, as human intelligence has found solutions to many problems, Bitcoin mining is the easiest and He also found the solution to making it cheap, and developed very interesting and extraordinary methods by forcing the application methods and physical conditions.
We will talk about these interesting and unusual methods in our article.. Who knows, maybe some of our readers might try these methods, let us tell you…
See: How Bitcoin Mining is Made? Is Bitcoin Mining Profitable?
Method: Waste gases
“Don’t burn, turn into money”, this is a slogan of Upstream Data. This company provides mobile mining data centers that can be installed on the facilities of oil companies that need to release gas. According to the news of Bitcoin.com, they can earn 15 times more than the market price of fuel, while limiting their carbon footprint.. (Carbon footprint is the name of the damage caused by human activities to the environment) Bitcoin is never an activity that harms the environment. The tweet below is about the oil plant the company shared and said to be a Bitcoin mining product.
https://twitter.com/UpstreamDataInc/status/1152233409277648897?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1152233409277648897&ref_ur https%3A%2F%2Fnews.bitcoin.com%2F7-unorthodox-ways-to-mine-bitcoin%2F
2nd method: Moon computer
Apollo Guidance Computer (AGC) ), the Apollo Guiding computer, a computer used as a guiding light when America launched a rocket to the moon in the 1960s. This computer, which can be used for bitcoin mining, is so slow that it may take millions of years to produce a bitcoin!
3. Method: Pen and paper
Mind Bitcoin mining on the moon The person who tried to do it with his computer tried it with pen and paper this time! Of course, solving the math problem on paper worked technically, Ken Shirrif says one round of the algorithm takes 16 minutes and 45 seconds.. The hash rate on a daily basis is 0.67. The lunar computer, on the other hand, can hash every 10.3 seconds.
4. Method: Nuclear Reactor
Of course, no one builds a nuclear reactor to produce a Bitcoin! A single reactor produces 5.1 terawatts of power per hour, which is 10% of Bitcoin’s annual energy consumption.. Nuclear reactors actually produce a lot of energy, so what use is all this energy? Of course, to be used in Bitcoin mining!
Method 5: Mosques!
You were surprised, weren’t you? Where did the mosques come from?. But if mosques have free electricity, wouldn’t it become a very attractive area to generate Bitcoin? Among the news that there are those who are using mosques for this purpose in Iran,. Not only mosques but also churches are used for the same purpose.
6. Method: Let’s mine Bitcoin while growing tomatoes!
No one knows that cryptocurrency mining generates heat. Some of our entrepreneurial individuals have found ways not to waste this heat and started to grow tomatoes.. What shall we say now, let’s grow tomatoes while producing Bitcoin, or extract Bitcoin while growing tomatoes, all kinds of profitable!
Who would imagine that mining cryptocurrencies and agriculture can work together? The first batch of cryptomatoes is ready to be harvested. We are using the excess heat for the tomato greenhouse and it is working:-) pic.twitter.com/U7qqKTshqO
— Kamil Brejcha (@KamilBrejcha) March 10, 2018
Method 7: Let’s generate Bitcoin while heating the house!
What is the use of the excessive heat that comes out when heating a house? The colder the climate, the better your chances.. In Siberia, miners have learned to take advantage of the heat generated by a system they have placed under the sole.
Bitcoin shows itself with solutions that will work for us wherever you look.. No matter how hard they try to stop or destroy Bitcoin, it is a fact that they cannot achieve a result.. We have discussed various ways of Bitcoin mining, maybe there are others who use much different methods, we will learn them over time.
See: Can artificial intelligence be used in Bitcoin mining?
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