WHAT IS BITCOIN MINING?

Apr 14,2018 at 07:43 am

Bitcoin in the actual sense can always be termed as one big global ledger system that records transactions (or ‘moving money’) between one person to another. 

Whenever Bitcoin transactions are processed on the Blockchain network – that means Bitcoin is moved from one person to another – someone has to make sure all the transactions are recorded properly and that the ledgers on all the systems are synchronized all over the world.

In the case of Bitcoin, this process is done by thousands of computers all over the world that are all connected to the internet.

 These computers are knowns as ‘miners’, but they should really simply be called ‘computers that process transactions’.

To do this processing in a very secure way, these computers need to perform very complicated calculations that take a lot of computing power, and in turn, require a lot of energy and expensive and specialised processing equipment. An individual who own computers will needs to pay for all this equipment and electricity, so they need to be compensated for all the money and effort they are putting into making this network work. They earn this compensation through newly minted Bitcoin. 

Therefore all new Bitcoin that is created acts as a reward and incentive mechanism for people to contribute their computers to the system to help process transactions. With Bitcoin mining, the cost of this global system has just been spread over thousands of computers, and they recoup their cost through newly minted Bitcoin. In short, it’s simply why it is called a decentralised system or structure for modern day transaction.

Remaining:

BTC $425$500/one time

Earn an average $56.1/month

15% Discount Hurry up Limited quantity
  • Hashpower 11 TH/s
  • Mining days: 655
  • Alghoritm: SHA-256
  • Daily Fees: $0.86

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How much can you earn with
?

BTC $425$500 11 TH/s
BTC $850$1000 21 TH/s
BTC $2125$2500 53 TH/s
BTC $4250$5000 106 TH/s
You can earn an average of $55.41/month
15% Discount Hurry up Limited quantity
Maximum earning for this package $ 60.951 per month Actual earning for this package $ 52.6395 per month Algorithm SHA-256 Daily Fees $ 0.86
You can earn an average of $105.72/month
15% Discount Hurry up Limited quantity
Maximum earning for this package $ 116.292 per month Actual earning for this package $ 100.434 per month Algorithm SHA-256 Daily Fees $ 1.55
You can earn an average of $266.85/month
15% Discount Hurry up Limited quantity
Maximum earning for this package $ 293.535 per month Actual earning for this package $ 253.5075 per month Algorithm SHA-256 Daily Fees $ 3.92
You can earn an average of $533.61/month
15% Discount Hurry up Limited quantity
Maximum earning for this package $ 586.971 per month Actual earning for this package $ 506.9295 per month Algorithm SHA-256 Daily Fees $ 7.8