Introduction of Mining
Mining crypto-coins is an arms race that rewards early adopters. It is very much a digital gold rush where people can make a small profit by investing a few hundred dollars in equipment, and then putting in months of mining time before the enforced difficulty sets in. Public mining is opening soon with multiple supportive platform across all standard operating system where any miner will be having flexible to mine form their machine. Miners are currently awarded with 24 new Gravity Coins per block. The Gravity Gravity coin network is therefore scheduled to produce 800 million Gravity Coins, to handle to global currency supply.
How Gravity Coin Mining Will Works
Gravity mining will be standard crypto mining process. The process for beginning miners who want to keep up-front costs to less. The whole focus of mining is to accomplish three things.
- Provide book keeping services to the gravity coin network. Mining is essentially 24/7 computer accounting called 'verifying transactions'.
- Get paid a small reward for miner accounting services by receiving fractions of coins every couple of days.
- Keeping personal costs down, including electricity and hardware.
What Miner Will Need to Mine Gravity Coins
A free private database called a 'Gravity Wallet'. This is a password-protected container that stores their earnings and keeps a network-wide ledger of transactions.
- A free mining software package.
A membership in an online mining pool, which is a community of miners who combine their computers to increase profitability and income stability.
Membership at an online currency exchange, where miner can exchange their virtual coins for conventional cash, and vice versa.
- A reliable fulltime internet connection, ideally 2 megabits per second or faster speed.
- A hardware setup location in miner basement or other cool and air-conditioned space.
A desktop or custom-built computer designed for mining. miner may use their current computer to start, but miner won't be able to use the computer while the miner is running. A separate dedicated computer is ideal. Do NOT use a laptop or gaming console or handheld device to mine, as those devices are not effective enough to generate income.
The expensive part: an ATI graphics processing card (GPU) or a specialized processing device called a mining ASIC chip. The GPU or ASIC will be the workhorse of providing the accounting services and mining work.
Recommended: a house fan to blow cool air across miner mining computer. Mining generates substantial heat, and cooling the hardware is critical for their success.
Personal curiosity. Miner absolutely need a strong appetite for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results. The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance.