Oliver Winters on Clubhouse

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I help in crypto currency mining working with my group here in UK.

As cryptocurrency gains more widespread acceptance and usage, crypto mining companies are coming under the spotlight. 

What exactly is crypto mining? It’s essentially the process of creating cryptocurrencies via the auditing and processing of cryptocurrency transactions. Miners verify data blocks on the blockchain, the digital public ledger that acts as the bedrock for Bitcoin and other cryptocurrencies. They also add the next “block,” or record of transactions, to the chain. Once they solve complex calculations, miners are rewarded with Bitcoin or whatever cryptocurrency they’re mining. The computations are so complex that they can only be performed with extremely powerful computers—the point of these so-called “proofs of work” is to establish such a high bar in terms of energy and computational power expended that engaging in fraud becomes unfeasible.
In the early days of crypto mining, a decade ago, individuals could mine cryptocurrencies on a home computer, since the computations required were much easier. Nowadays, miners need significant capital investment in processing power and electricity to complete the calculations. A decade from now, crypto mining will be even more demanding.
“It’s kind of boxing out individuals without major capital investment. In a way, there’s an arms race going on,” said John Patrick Lee, product manager at VanEck, of mining today. 
Given the growing number of crypto mining companies, it’s more important than ever to understand how miners work, what distinguishes them and what factors affect them. “Not all Bitcoin miners are created the same,” Lee said. 
Here’s what to look for. 

Mining’s Three Variables

There are three key factors that determine a crypto miner’s profitability: hardware costs, energy prices and the price of cryptocurrency. 

To gain a foothold in this nascent industry, miners invest a lot of money into high-end semiconductors.

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