What Is A Baikal 'miner'?

[rccatnap]

I'm seeing a lot of adverts for a Baikal Cube Miner. What do they do and how do they do it? Once they've done it, what do you do with the 'information'?
I believe it's something to do with Bitcoins or other such cryptocurrencies. TIA.

[dannyk13]

http://www.baikalminer.com/

[Old_Geezer]

Unsure but it looks to me like a computer device for gathering electronic coins such as bitcoins. But i could be wrong.

[Old_Geezer]

Yeah went there danny, they aren't very informative. If above board it seems that you need to already know why you might want it.

[Old_Geezer]

Some info here, but again you seem to have to know what they are referring to.
http://1stminingrig.com/baikal-mini-miner-asic-one-best-dash-miners-2017/

[rccatnap]

Thanks Danny and OG. My thoughts exactly. I'm guessing it's an automatic searcher for trading in BTCs and accumulating them. But, it's only a guess. It would seem that you need to set up an account to place your 'currency', but then you would need to exchange them into £, $ or €, or am I missing the whole point of BTCs?

[Old_Geezer]

No expert but I think you can spend bitcoins directly for products/services at some places. Why, only recently, in the news, there were those kind souls willing to decrypt your encrypted PC for a few of them.

[rccatnap]

I know what you mean OG; aren't they sweet?
It's a pity one can't send a little thank you to them; you know the kind of thing, a small programme that would momentarily reverse the polarity on their CPUs and servers.

[rccatnap]

I've discovered that Baikal is the manufacturer and 'Mining' is described here: https://en.wikipedia.org/wiki/Bitcoin_network#Bitcoin_mining