Low-cost sourcing & hosting of latest bitcoin mining hardware
What is bitcoin mining?
Conceptualized in 2009, Bitcoin (BTC) is the longest running, and largest public blockchain in the cryptocurrency industry. Developed as an open-source peer-to-peer digital currency, and due to its uncensorable, portable, and cheap nature, Bitcoin has found its use as a form of “digital gold” with which anyone in the world can send and store value at any time. Bitcoin already completes over 200,000 transactions per day and continues to grow with second layer solutions such as the Lightning Network aimed at solving its scaling issues. While many cryptocurrencies have built themselves based off the Bitcoin codebase, it is Bitcoin which has maintained its market dominance across the entire industry.
Bitcoin mining is necessary in order to secure transactions on the Bitcoin blockchain, as miners solve mathematical computations and thereby confirm blockchain transactions and maintain consensus across the network. Bitcoin is set to have a hard cap of 21 million coins over time, creating an increasing demand for coins as the reward for mining blocks continues to reduce and supply dries up. The block size of the Bitcoin blockchain is a maximum of 1MB, with the time between blocks hovering around 10 min. Currently, the reward for successfully mining a block on the Bitcoin blockchain is 12.5 BTC with the reward expected to halve sometime in 2020.
How does bitcoin mining work?
To start mining bitcoin, all you have to do is:
Which miners are used to mine Bitcoin?
Originally, the Bitcoin blockchain was able to be mined using home CPUs. However, as the demand for Bitcoin has increased over time, so has the technology implemented to mine its blockchain. This has led to major mining pools and Currently, ASIC mining equipment is the only type of hardware equipped to handle to hash rate necessary to be profitable in Bitcoin mining.
Bitcoin Mining Made SimpleWe make it simple and profitable to open a mining account. See your profits start to accrue within days.
We specialize in hosting all CryptoCurrency Miners.
WE CAN HOST THE LATEST BITCOIN MINING HARDWARE AT A LOW COST. MINING EQUIPMENT SUBJECT TO AVAILABILITY.