Cloud mining is well known for its flexibility and its ease of use. Situated at the gates of classic mining, the access to hash power has never been easier than it has been since the cloud has been around. Gone are the days of worrying about the capacity, reliability and performance of mining hardware. Cloud mining is a new fetish that will appeal to the general public.
According to the digital age, the cloud has a bright future ahead of it. Those who were terminated from yesterday's mining could be seduced by today's cloud. Subjected to animated debates within the community because of the Ponzi pyramids built around it, the history of the cloud goes before a long experience where cloud mining will finally interfere. Turnkey solutions that are ideal for an audience new to cryptoactives but whose contours will have to be addressed. For now, let's move the pa ... Read more »

What is mining?

Mining is a process of adding transaction records to the Bitcoin’s public ledger, called the Blockchain. It exists so that every transaction can be confirmed, and every single user of the network can access this ledger. It is also used to distinguish legitimate Bitcoin transactions from attempts at re-spending money that has already been spent somewhere else.

Essentially, miners are serving the Bitcoin community by confirming every transaction and making sure that every single one of them is legitimate. Every time a new block is ‘sealed off’, a miner gets a reward. As of October 2017, the bounty stands at 12.5 Bitcoins per block.

The rate at which new coins appear resembles the rate at which ... Read more »