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The new year is always an exciting time for crypto.
Companies are releasing new services that will help them grow their business, and governments around the world are beginning to use their own crypto currency to help manage their finances.
But in the case of the cryptocurrency mining community, which has exploded in popularity in recent years, the best way to stay on top of all this is to keep an eye on who is building the hardware and software for the mining hardware to use, says Brian Mertens, a senior security engineer at BitFury, a mining firm based in the UK.
Mertens says that, at this point, the public perception of what the mining community is capable of is largely based on the fact that they are using hardware and/or software from some of the top vendors.
This has resulted in some confusion over what a legitimate mining company is, and what their practices actually are.
Merely looking at who is actually mining the coins is not enough to determine whether or not you should trust them, Merten says.
You also need to understand the company’s practices and security measures.
As a general rule, he says, it’s best to look at mining hardware from a company that you are familiar with and trust.
“The more you know about them, the less likely you are to find a mining company that is really shady,” Mertins says.
He advises people to check out mining hardware reviews before buying anything online.
That way, you can compare it to what you are buying.
If it looks suspicious, look for the company logo, and if it does look suspicious, make sure it’s legitimate.
Merts also recommends checking out the company website to see how it describes its mining hardware.
Miner’s hardware review, for example, will tell you a lot about how the company does things and what it’s looking for in the hardware, Mavriis says.
“A company like BitFyre should have a hardware review that has the highest quality and features, and should also have some of its software available for download.”
In the meantime, if you are not familiar with mining hardware, you should check out the websites listed in the table below.
Mining hardware reviews, by vendor (click for larger version)Source: Crypto Currency Review for BTC, BTC/USD, BTC-e, Litecoin, LTC, and more, CryptoCoin.com/BTC mining, mining,mining,mining , mining, miner, mining hardware source CryptoCoin News title BTC mining, bitcoin mining, the bitcoin mining industry, a guide to the mining industry article The next time you visit your local grocery store, ask the cashier if there’s any hardware they sell.
Ask if they have a lot of mining equipment.
If they do, be sure to ask what it is.
Makers of mining hardware often list it on their websites, or they list it as a “recommended” option for their customers.
That means the company recommends it.
But when you find out the details, it can be a little trickier to figure out whether or that company has actually made mining hardware for their clients.
Here’s a look at the most popular manufacturers of mining rigs, according to BitFyrum.
(Source: BitFytter)Mining equipment review, by brand (click to enlarge)Source.
(click image to enlarge and read the entire article)Makers like Bitfyre, which uses an old, “barebone” mining rig, have a much harder time getting their mining software to work on newer, higher-end mining rigs.
They list it at the bottom of their websites.
Mavriides says the best recommendation for hardware is always to talk to a hardware specialist.
“Just be aware that not all companies are exactly the same,” he says.
“There’s a lot more noise involved than just the product name,” Mavrisis says, so it’s better to ask a mining hardware expert about their company.
“It’s always best to have a trusted source of information about the company that makes mining hardware.”
Miner is one of the more popular companies listed on the site, but it doesn’t tell you everything you need to know.
In fact, there’s no way to tell if a mining rig from a reputable company actually uses mining hardware on their site, Mjorik says.
If you have to go to the website, he recommends using a search engine like Google.
(If you have questions about the accuracy of a company’s website, Mevrias says to contact the company directly.)
The other major problem is the fact mining hardware isn’t regulated.
Some companies advertise on websites that are designed to make people trust them.
If a company has a listing, they’re likely regulated by a regulatory body, Meci says.
BitFyre, for instance, lists itself as “the most trusted mining company in the mining space.”
BitFyre lists a