Mine bitcoin from your Smartphone!
Application-specific integrated circuit (ASIC) miners have taken over completely. These ASIC machines mine at unprecedented speeds while consuming much less power than FPGA or GPU mining rigs. Several reputable companies have established themselves with excellent products.
Byt-Miner allows you to take part in mining popular cryptocurrencies skipping all the time-consuming and sophisticated processes.
Byt-Miner allows you to use the computing power of mining equipment hosted in specialized data centers without owning or maintaining the equipment directly from your smartphone or any device.Inside Mining Farm Tour
Because these machines are already hosted with Byt-Miner, your time to get online is FAST,
allowing you to start generating bitcoin ASAP.
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You can use our calculator below to check the mining hardware (ASICs) available. *Profit is based on current bitcoin price*
Input your expected investment price of the miner for an estimate.
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We are heavily investing in the best available hardware to stay at the edge of technology. For you, it is the easiest way of mining: no need to assemble rigs or to have hot, loud miners in your home.
Use state of the art hardware in our data centers to mine the most valuable cryptocurrency!
Start mining today! Your mining rigs are already set up and running. As soon as your payment is received, you can start mining and receive your first coins.
Since it’s now impossible to profitably mine Bitcoin with your computer, you’ll need specialized hardware called ASICs.
Here’s what an ASIC miner looks like up close:
Originally, Bitcoin’s creator intended for Bitcoin to be mined on CPUs (your laptop or desktop computer). However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).
Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”.
Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity
Cryptocurrency mining or Crypto mining is a process where miners confirm transactions on the blockchain. This is also called Proof-of-Work or PoW. When miners are confirming transactions, they prevent double-spending on the network (spending a Bitcoin value twice). When sending or receiving Bitcoins (creating transactions), you will most likely have to wait for 3 or 6 confirmations before Bitcoin is deposited into your wallet. Behind the curtains, miners are making sure that the transaction is valid and included in the new blocks (3 confirmations will take approximately 30 minutes).
Miner is a device (computer with CPU/GPU or an ASIC) that is solving mathematical problems. Bitcoin miners are solving a hash function based on the SHA-256 algorithm. Whoever “finds” a solution first (a correct nonce), receives the block reward. This can also be said to finding a block.
Speed is measured by how many hash functions are solved in a second (Hash/s). At the time of writing, the total Bitcoin network (all the miners currently mining Bitcoin) hashing speed is around 120,000,000 TH/s.
The Bitcoins block time is on average every 10 minutes. This means that every 10 minutes new Bitcoins are created. These Bitcoins are rewarded to the first miner who solved the mathematical problem (found a nonce). The average time to solve the mathematical problem is regulated by the difficulty which is increased or decreased, depending on the total network hashrate (more hashrate = higher difficulty). The difficulty is adjusted every 2016 blocks. This equals to 20160 minutes or 14 days.
A chart to compare the costs and benefits of having your own hardware to having a contract with us