WHY mining WITH Block Chain Trading
Since its establishment, Block Chain Trading LIVE mining has shown commendably successful and consistent performance and mining history. Currently, it is regarded as one of the best, most beneficial, brilliantly successful companies in the industry of Bitcoin Mining and investing
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How It Works
What Is Bitcoin
In very simple words, Bitcoin mining is the process by which bitcoin is produced. The platform used for the production is called a mining rig, which is a collection of different antminer machines connected together through the Blockchain network. Mining has proven to be the best way to earn load of bucks from Bitcoin. There are basically 2 types of Bitcoin Mining, namely: Hardware Mining and Cloud Mining.
- Hardware Mining: This is the real work. Whereby a wealthy individual or an institution purchase a Bitcoin Mining Rig and perform the process of actual computing to mine bitcoin with large computing power and extreme power consumption. This type of mining is very profitable however attracts pretty large computing power, expensive Electrical and maintenance costs.
- Cloud Mining: Bitcoin cloud mining unlike hardware mining does not require large computing power or lots of electricity. Like the name implies, cloud mining is done over the cloud. Here, the hardware miner opens up his Mining to the general public, this way an investor simply connects to the miner and begins to earn as part of the stream. Here, investors do not accrue any large maintenance or electricity costs. It is the most profitable aspect of investing in bitcoin.
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