How to do Bitcoin mining? Learn from the old miners 

The price of Bitcoin issued by Satoshi Nakamoto in 2009 was a few cents. At the beginning, it was dug by a graphics card. Ordinary computers can be dug. Dozens of coins can be dug a day. The price is soaring, and it is getting harder and harder to mine bitcoins. It takes professional bitcoin mining machines and professional chips to realize bitcoin mining. The following is a professional bitcoin mining machine, and it is not cheap. The latest mining machine needs 20,000 to 30,000.

There are two types of Bitcoin mining:

1. Traditional mining: 

You need to buy a large number of mining machines by yourself, set up mining farms, retail investors looking for mining farms for hosting, but also look for cheap power resources, operation and maintenance of mining machines, and also consider this upgrade of mining machines It’s faster. If you don’t have a lot of money, time and energy, you don’t have to spend a lot of time to buy a mining machine to mine Bitcoin, and if you buy too little, buy one or two mining machines. Operational.

2. Cloud computing mining (mobile mining) 

Just choose a large and reliable platform and download their APP. You can purchase the computing power of the mining machine on your mobile phone to mine Bitcoin. The computing power is the computing power of the mining machine. The more computing power you hold, the more Bitcoins you can mine every day. The advantage of cloud computing power mining over traditional mining is that it lowers the threshold of mining. You don’t need to buy and deploy mining machines by yourself. The computing power of the mining machines in the entire mine is split and sold.

For users, it is only If you need to buy this part of the computing power, you can dig. If you want to invest more points, you can buy more computing power, and less investment points will buy less computing power. This reduces the risk of mining. Most of the risks are borne by the platform. The operation of computing power contracts and buying and mining is also very simple and convenient. 

3. Mining farm machines

The old miners in Hebei, China, first used mining machines to mine bitcoins. At that time, the price of coins was relatively low. Later, they bought 30,000 yuan of mining machine computing power. By 2017, they dug 5.9 bitcoins, which is 17 years old. The highest price has risen to 140,000, which is a small investment and a big return!

Recently, I invested another 400T mining machine on this platform. In less than half a year, I have already mined more than 1 bitcoin. The price of the coin has been rising these days, and the bitcoins that can be mined can be obtained at any time. Those who withdraw to the exchange now have to collect the coins in their hands.

The third Bitcoin halving has been completed, and the feast after the halving has quietly opened. The first two halvings of Bitcoin have increased by more than 200 times from the lowest to the highest price. Maybe we didn't have the way to participate in the current third halving ride, we can consider the previous one!

History will not repeat itself, but it will always be surprisingly similar. As for how much Bitcoin can rise to in the future, let us wait and see, but what we have to do now is to take care of the coins in your hand, don’t wait until the price of Bitcoin goes up. When you don't have any coins in your hand, it will be too late.

Author:  Cosmas Nwokafor

Travelling to the southwestern part of Nigeria is quite an experience one could ever venture into. Aside from Lagos, Abeokuta has more fascinating and socio-economic factors that attract visitors in comparison to other urban centers within the region. First timers are often curious to know something about the place they are travelling to. Not just first timers, but it equally important to get a little information about the place you are visiting. This article cannot exhaust your curiosity, but it can divulge a little that you can add to your other knowledge about the city of Abeokuta.

• Geography

Abeokuta is the capital of Ogun State in southwestern Nigeria. From Lagos, by rail it is 102 kilometres north of Abeokuta. It has a population of over six thousand inhabitants according to the 2005 demographic report. 

The town is located 90 km to the north of Lagos through the Ogun River. Ogun River, with 200 metres in width, it is navigable for small boats around Olumo mountains. 

Center of the agricultural area, Abeokuta specializes in the cultivation of cocoa, brewery and cement industry. In the past, it is notable as the main town of people in the eastern part of the Egbe Upper Guinea.

In the 19th century, this settlement was located in healthy surroundings on granite flat upland, adorned with good water and was surrounded by an earthen wall of about 20 km.

About 150,000 inhabitants, hitherto, are affiliated to the christian persuasion. The city and its surroundings were under the authority of one of the leaders of the tribe known as Aleke.

After the destruction of the kingdoms of the Yoruba people of Felatta, who fled from him, Egbe was founded in 1825, the city Abeokutu, which quickly reached the blossoming condition and in 1851 and 1864 respectively victoriously repelled the attack doggedly. English missionaries during the incident in October 1867 coup were expelled from the city.

But from 1960 onwards until now, Abeokuta has remained an integral part of independent Nigeria. 

Abeokuta has nurtured the birth and grooming of prominent and outstanding Nigerians who has left a mark on the sands of history. Some of these famous individuals include amongst them, Fela Kuti – the rascally and radical musician who through his musical ingenuity challenged social misconduct and political wrongs. The meteoric writer, Amos Tetuola. Not to mention the Nobel Laureate award winner for literature, Sole Soyinka. The list also includes Archbishop Peter Akinola and the two time head of state in (military head of state and civilian president), Olusegun Obasanjo.

compiled by Cosmas Nwokafor