- Ethereum is considered as the most popular currency for mining since $150 has been added to its price
- Abkhazian citizens had spent more than $500,000 only on mining equipment over the last six months.
Since the mining rigs are back, there are some certain things to be known by those interested in owning a rig at home.
As per recent report, in the midst of this global pandemic and a generally unstable political and social environment, cryptocurrencies have shown a remarkable stability. This pandemic-induced economic downturn played into the hands of the industry by attracting professional cryptocurrency traders and also mining has been revived as a way of generating passive income.
Although it’s not surprising that the countries that are currently experiencing difficult political and economic situations have suddenly witnessed a boom in the purchase of GPU cards. The illegal crypto activities since 2018, in the region of Abkhazia, has shown that the citizens had spent more than $500,000 only on mining equipment over the last six months.
One of the main reasons for the popularity of mining is the raise of the price level in the leading cryptocurrencies, Bitcoin’s price value has risen by almost a third, and Ethereum is considered as the most popular currency for mining since $150 has been added to its price and the decentralized frenzy has meant that the gas fees have reached unexpected levels.
The Components of Mining Rig
A computer that has many graphics card but not a monitor makes a cryptocurrency mining rig. The computer