To know about Gridseed is to be able to know about Bitcoin and Litecoin at the same time. Bitcoin was introduced back in 2009 it is an open-source software for a payment system that is recorded in a public ledger using its own account. And while it is the easiest, cheapest and safest way to transact money another software was invented to “beat” Bitcoin. The Litecoin was released 2011 and was made and inspired by Bitcoin only it is said to be even better. Peer-to-peer is what handles the transactions of both softwares, and they use mine to help them track these transactions and keep them recorded.
What happens during Mining
Mining is collecting all the transactions made during the use Bitcoin and Litecoin. This collection of transactions is what you call “block”, now a long list of blocks is what you can call block chain. This is the one miners use to explore transaction made by bitcoin and litecoin addresses. So, every time a block of transaction is made, it is directly added to the block chain, making a long list of transactions in the Bitcon and Litecoin network. Copies of the block are constantly updated so that miners and everyone participating will know what is going on. Miners are very good at what they are doing, especially when it comes to making the blocks of transactions secured. And although they are good at what they are doing it can be pretty hard as well because a lot of time can be consumed just by tracking the transactions on both Bitcoin and Litecoin. This is why they developed a device that will make possible to use both Bitcoin and Litecoin at the same time.
How to use Gridseed
When the volume gets too high in the block chain of Bitcoin and Litcoin, a device was developed to help miners use Bitcoin and Litecoin at the same time it is what they call the Gridseed, it has packaged so many chips in a small device that taking care of it is very important. A lot of miners use more than one Gridseed to avoid overuse of the device because the blade of the machine that looks like a rotating fan generates excess heat that sometimes the machine cannot scatter. So the best thing to do is make sure that the device does not overheat so as to prolong the lifespan and avoid wearing down some component parts of the device. Just make sure that before installing the device to a computer that proper ways on how to use and install the device is known and studied to avoid unnecessary damages, of course. The development of the GridseedAsic was then made to make gridseed much faster and by this device the cautions that gridseed may encounter are still possible with this device, it is still necessary to avoid and take care of the gridseedasic at all times.



