If you are planning to buy a virtual server or a dedicated server and start extracting digital currencies with it, I must say that it is not a wise thing to do and you have to think a little more and make the right decision, because I am sure that it will fail before it starts.
Today we hear a lot about digital currency extraction, especially Bitcoin and Ethereum, extracted using different hardware. In some currencies, you need to extract with CPU, and in some currencies, You need a GPU, and we won’t go into detail in this article.
People who do not have information in this regard may find it very strange that you connect several devices and plug in the power outlet, and after a few hours or minutes, you will be paid! It’s more like a money-printing machine, and the more they work, the richer you become.
But this is not the case, and it may not be as easy as it sounds. The devices we know as miners are made up of very powerful and important components. Their main job is to perform complex and important mathematical calculations; these devices make digital currencies stable.
You have many ways to extract, and first, you have to decide what currency you want to extract, and after selecting the desired currency, the way will be clear for you, and you will have better options.
Currencies that you can extract with home systems can include ZCash, Ethereum, Ravencoin, Monero, Dogecoin, Grin, and other currencies that you can start mining you should research.
Because home systems have both CPU and GPU, you can extract any currency. Still, you should be careful that your extraction speed will be slow, and do not expect to make big money faster like other devices that we will explain in the following.
It is a device designed to extract digital currencies. ASIC devices are used to extract currencies with one or more special algorithms. ASIC devices have been created due to the expansion of the blockchain network and the increasing complexity of the digital currency network and do nothing but extract digital currency with high speed and lower power consumption.
Nowadays, if you want to extract Bitcoin, Bitcoin Cash, Litecoin, or Zcash currencies, you must use these devices. ASIC miner devices are very similar to microprocessor chips and random access memory (RAM) of ordinary computers. The difference is that their electrical circuits are designed exclusively to store information about bitcoin mining.
The chips that make up ASIC devices have higher efficiency, operating speed, and power consumption than conventional chips; in contrast, they have less flexibility and scalability; Because they are designed for a specific purpose only. The production cost of these chips is much higher than other chips.
ASIC devices currently dominate 70% of the world’s mining industry. Bitmain, MicroBT, Innosilicon, Canaan, and Ebang are some of the largest ASIC companies in the world.
Extraction of digital currency by graphics processors (GPUs) solves complex mathematical equations to add new blocks to the blockchain and produce new coins. Extractors can use the computational power of these cards to solve complex mathematical equations and calculate hash blocks.
Graphics cards have been used in the past to extract bitcoins. But today, with the increase in Bitcoin network hash rate and the entry of ASIC devices into this field, GPUs are no longer profitable for Bitcoin mining.
GPUs can be used to extract Ethereum, which also has a relatively acceptable profit. Usually, people who are professionally engaged in this work use either ASIC devices or graphics cards.
If you are planning to buy a virtual server or a dedicated server and start extracting digital currencies with it, I must say that it is not a wise thing to do, and you have to think a little more and make the right decision; it will fail before it starts.
Extracting digital currencies with a virtual server will not be cost-effective for you, and most importantly, the virtual server has other usages. If you want to extract using a virtual server, keep in mind that you are doing something illegal, and if your service provider finds out about what you are doing, your server will be blocked, and you will no longer have access to it.
Virtual servers or even dedicated servers have limited resources, and the type of components used in them are not for extraction and have other uses.
Extraction devices generate very intense heat while working, and this heat is created because all the parts work at their best power, and also use the power to help them work to the maximum, and so on.
It should not be forgotten that these devices are ventilated, and fans with very high speeds (for example, 2000 to 10,000 rpm) are used to cool them. They have both very high noise and high power consumption.
This is why you should not use a virtual server or a dedicated server to extract because the servers are located in a place called the data center where their power consumption is controlled and do not have the ability to keep the servers cool in situations not defined for it. If you are currently doing it on a VPS, your server will be blocked soon.
You may be wondering what uses the virtual server makes, which I will mention below.
Virtual servers are not widely used in the digital currency mining industry, but they are important in the IT industry.
If you are extracting with any device you have and you have installed the application related to your pool on your mobile phone and every time you open the application and see information such as extraction rate and other things, these are all on the server stored, and if there were no server, there would be no information for you to see.
I think you would be misunderstood if you thought you could extract digital currencies with a virtual server.
For example, if you do a Google search for the word Bitcoin VPS, you will find a lot of results that providers are offering as a virtual server, and this provider does not intend for you to buy a virtual server and start Extract, I suggest you read all the pages of these servers.
Based on my research, I realized that Bitcoin VPS means that you can buy a virtual server using Bitcoin. For example, the OperaVPS site is one of these providers that you can buy all the services of this site using digital currencies, especially bitcoin. I will share the page’s link related to Bitcoin VPS with you, and I definitely recommend it.
Please read the contents of this page to understand exactly what I mean.
https://operavps.com/bitcoin-vps/
In general, virtual servers can be divided into two categories, and the main difference is their operating system.
In this article, we talked about both digital currency extraction and virtual server applications. You must have noticed that virtual servers have nothing to do with digital currency extraction and other important uses. If you like or are curious about extracting from a virtual server or a dedicated server, there is no problem, you can do the test, but in general, you can not do it permanently. And we talked about this at the beginning of the article, and therefore we conclude that extracting digital currencies By a virtual server is not wise, and it seems stupid.
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