Use a Bitcoin Miner to Acquire Cryptocurrency

Bitcoin is a form of digital money that you can acquire or exchange outside of normal markets and regulations. You can install special software on your system to take Bitcoins out of a shared mining pool or access a blockchain. If you are looking for mining equipment and accessories, eBay has everything you might need to get started in this financial market.

What are the benefits of an ASIC system?

ASIC hardware is designed to work with a single process such as bitcoin mining. This specialization can help it optimize your mining. A computer running a dedicated system will be able to divert its resources to the mining process as needed. Some common features of these chip systems include self-contained blocks of memory and their own microprocessors for more efficient use of data. You can purchase an affordable basic system and set it up yourself or get one that is ready for mining.

What hash algorithms are available?

Cryptocurrency software uses a hash algorithm to shrink a large amount of data into a smaller, more manageable amount with a fixed set of numbers. This algorithm generates random numbers as it looks for virtual currency. If your CPU generates a string of numbers with a lower value than the target, it can mine some coins successfully. Common hash algorithms you can find on eBay are described here:

  • Blake-256: This hash function is based on a ChaCha cipher and includes various tweaks.
  • SHA-256: The second iteration of the Secure Hash Algorithm comes from part of a one-way compression function.
  • Scrypt: This algorithm uses cryptopcurrency related to proof-of-work functions.
What brands offer bitcoin miners?

Many established technology brands have broken into the bitcoin market. They now offer mining rigs that you can use to look for bitcoins. If you have a preferred brand or wish to get a rig that is compatible with the hardware you already own, you may wish to search eBay for these brands. Some of the most common ones are listed below:

  • AMD: This company made a name for itself manufacturing high-grade processors for personal and professional use.
  • NVIDIA: The company established itself by developing graphics processing units for gaming PCs and laptops. They now offer their own selection of mining rigs.
  • Bitmain: This company produces the AntMiner rig and operates its own AntPool, one of the largest pools you can mine for bitcoins.