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What is Bitcoin?
Bitcoin is a new currency that was created in 2009 by an unknown
person using the alias Satoshi Nakamoto. Transactions are made with no
middle men – meaning, no banks! There are no transaction fees and no
need to give your real name. More merchants are beginning to accept
them: You can buy webhosting services, pizza or even manicures.
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Top 5 Monero Mining facts
Monero XMR is a virtual currency more private and anonymous than Bitcoin, born in 2014 from the fork of Bytecoin BCN.
Monero after the bifurcation from Bytecoin, the developers undertook to
improve their original code and integrate the CryptoNight algorithm for
mining, where the order of transactions is voted on, new features in
the protocol and the fair distribution of money.
On the other hand, specifically, the
technology that allows the absolute privacy of Monero is called ring
signatures (ring signatures). This is a group of cryptographic
signatures in which the only one of the ones that appear is real, but
there is no way to indicate which one it is or where it came from,
because when they are mixed, they all seem valid. So when making a
transaction anonymity is maintained except for the parties involved
According to the performance calculators
on several websites, the profitability of mining Monero is still high,
and the profits are substantial using the right equipment. We know that
mining is something that can consume us many technological resources,
investment and energy that translate into money. But Monero has been
quite stable over time, so it’s still profitable to mine even in the Cloud.
MinerGate recommends it as the currency with the best return when you choose the “Smart Mining” option within the MinerGate GUI Miner.
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