BITCOIN FARM

Monday, January 2, 2017

Understanding the True Goal of Mining



BASICS

We have already covered that Mining is the most intricate part of Cryptocurrency. The reason for this article is that most people miss the point of Bitcoin and all other mining. Let us cover the true basics in this article so you can stop listening to those that have no intelligence on the subject.


GOAL OF MINING

The real goal of mining is simple, it is only to add up Satoshi. FORGET THE VALUE. The United States Dollar has ABSOLUTELY NO VALUE. A Satoshi is the lowest amount of Bitcoin like a penny is to a dollar. Let us break this down 1 Bitcoin equals 100,000,000 Satoshis. The actual looks like this 0.00000001=1 Satoshi.

The object is to gather the fastest way to add them up. The main way is to use Staking and mining as one.


THE CORRECT WAY TO USE THE ANTMINER S3

There are three pools that can be listed in the Antminer S3. You need to use all three pools set on the Load Balance setting. The key is to use pools that can pay to an exchange, for example a multi algo pool that you can choose the coins you want to be paid. Once the payments come in usually every 6 hours you use the exchange to trade them to a coin that stakes interest hourly. That may mean a pool stake. Once this gives you the amount you want transfer that into a staking wallet you have on your computer.


 You will then start over. Usually it is smart to get at least 12-15 different staking coins. I cannot believe on how many idiots there are in this world not to be able to figure out simple MATH. All cryptocurrency is backed by 100% MATH, which if you use your head, is perfect.

Just remember, mining coins that give you more satoshi and combining that with adding the interest n staking is the right way. Those that mine only ONE coin will not be able to get the full potential. 

Hashing Power can provide you a little more coin while mining bitcoin, but you are missing the point in general, Stop wasting time on the value and add up the Satoshi.

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