Why Mining?

Benefits & ways of mining

How it works!

What is Cryptocurrency Mining?

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Essentially every blockchain requires computation power to run its algorithm. Those who provide the required computation power is rewarded by the algorithm with newly issued coins and transaction fees.
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Why you should start mining?

6 Reasons to Start

High Field Return of Investment

Depending on access to resources the production costs of bitcoins can be significant lower than the current coin value. This means a lower entry point compared to buying digital currencies on the exchange

Opportunity to reinvest your coins to earn a yield

You can reinvest your cryptocurrency balances and earn a high yield in a world where you can not get paid any interest on your crypto holdings

You do not have to keep the coins

Miners can exchange daily their mining proceeds into fiat currency and monetize the difference between production costs and current market price

Passive Income

Daily source of income as long as machines keep running

Short time to break-even

As computing power weakens relatively to the network over time the vast majority of the mining return is made within the first months as profitability continuously diminishes

Production costs < market price

Since successful mining means receiving coins at production costs lower than the current market value, mining is a way to get coins at lower prices than buying them on the exchange

Ways of mining

What Mining options you have

Own Mining

Source, ship, install, maintain & safeguard your miners yourself

Cloud Mining

Leasing computation power from miners already running
 

3rd Party Hosting

Hosting your miners with a professional service provider

Hosting with Blockbase

Hosting miners in our data center

Low starting costs

You can start with only one miner

Very low investment

You can rent computation power that only represents a fraction of 1 miner

Low Costs

You own everything, you do not need to trust 3rd parties

Very low costs

Benefit from our very low energy costs, cool climate, strong legal frame work and political stability in our hosting countries

Full Control

You own everything, you do not need to trust 3rd parties

Instant Start

No lead time for ordering, shipping and installation since miners are already active

Low minimum purchase

Ranging from 1-10 Miners

All-In pricing

– Hardware purchases include shipping & installation
– Monthly service fee include energy, infrastructure & maintenance

Operational hassle

Requires your constant attention (and the noise the miners produce is a major nuisance!)

No ownership

You do not own the mining equipment

Hardware purchase

Benefit from potential tax write-offs

Hardware ownership

- Benefit from potential tax write-offs
– Switch hosting provider

High fixed costs at scale

Needs a whole army of experts and a full-fledged business operation

Security risks

You depend on the integrity and professionalism of the provider

Security risks

Most providers use splitters to deduct service free from daily mining proceeds. Hence requires trust in the professionalism and integrity of the counterparty

Receive 100% of your coins mined

We never touch your coins. Your hardware mines directly into your wallet

Limited access to ressources

Sourcing energy and latest mining equipment at low costs is challenging without scale

Contractual terms

Usually 12 or 24 months contract length bound to specific cryptocurrency, paid in a lump-sum upfront

Comittments

Usually 12 or 24 months contracts bound to specific cryptocurrency

No comittments

Cancel monthly and switch currency to be mined

Intransparent pricing and process

Users have little access to details about their mining process and if pricing is good value for money

Complex Pricing Structure

Often different tiers of energy, rental and service fees

First come, first serve mining capacity

We have limited capacity in terms of space and energy supply

Minimum purchase amount

We can only offer our competitive prices from 30.000€ hardware purchases

Download your free calculater and learn

Why Mining is profitable

Mining is a complex Calculation, running on for this purpose built hardware. But how is that generating money? And how much do you have to invest to make a passive income. With our free Mining Profit Calculator you can learn how profitable Cryptocurrency Mining can be for you. Click the button, fill out your details and you receive your free Profitability Calculator within minutes!

Graphic of Blockbase Bitcoin Mining Calculator