We all know that the awareness of cryptocurrencies is increasing day by day. The most well-known cryptocurrency today is Bitcoin, where many cryptocurrencies exist. Investors who want to obtain Bitcoin can easily make these purchases and sales from exchanges that perform crypto money transactions with the fiat money they hold. With the transaction offered by crypto money exchanges here, it is ensured that transactions are carried out by bringing together crypto asset sellers and buyers. However, apart from this method, there is another method to have Bitcoin. This method is called Bitcoin Mining. This method, called Bitcoin Mining, is obtained as a reward when miners acquire some hardware and perform transactions on the blockchain system. Bitcoins existing in the markets are mined by this method and investors make purchases with these Bitcoins that have already been issued.
Bitcoin’s popularity and awareness are increasing day by day and with these increases, its share in the market is also increasing. Bitcoin, which has a limited supply and users have started to see it as an investment tool, can be bought and sold very quickly today. These purchases and purchases are generally made through a brokerage firm. These institutions, which bring buyers and sellers together in crypto money trading, are also called Crypto Money Exchanges. You can buy Bitcoin with the transactions to be made here or you can sell the Bitcoins you have in this way.
In this method, which is not as easy as making your Bitcoin transactions on a crypto money exchange, people or organizations called Bitcoin Miners need some computer hardware to obtain Bitcoin. Today, the most well-known method is the type of mining using a graphics card (GPU). In fact, you may think that video cards are used more in the computer for gaming or graphics-related tasks. With the introduction of this method, there has been an increase in the demand for video cards. What economics teaches us; The increase in demand for a good increases the price of that good. The increase in demand for graphics cards increases the costs of Bitcoin Miners. Of course, this cost is less effective than the cost of electricity. Bitcoin Miners need high energy requirements when executing transactions. The high amount of this electricity requirement is quite high in those who defend the thesis that Bitcoin is a harmful structure. However, with the clean energy studies carried out today and the decisions taken by the countries, miners will benefit from clean energy.
If we want to get Bitcoin, we have to choose one of these two ways. Buying Bitcoin directly from an exchange is the preferred method of most investors. However, when we consider the return, Bitcoin mining can make users earn high profits. If you get the necessary hardware and consider the costs, Bitcoin Mining can be the right choice for you.
