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Mining

Why you should mine cryptocurrencies?

May 21, 2018 AlanC Mining
May 21, 2018 AlanC Mining

Why you should mine cryptocurrencies?



Well one reason was because digital currencies are still in their infancy. In fact bitcoin, the first digital currency was just issued in 2009. Since that time, the value of bitcoin is risen dramatically as the difficulty of mining new bitcoins increases.

The value of the coins have also increased. Thousands of merchants including dell, overstock.com, newegg.com and many more now



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Why to mine cryptocurrencies?

May 21, 2018 AlanC Mining
May 21, 2018 AlanC Mining

Why should you mine?

 

 

Well, one reason was because digital currencies are still in their infancy. In fact bitcoin, the first digital currency, was just issued in 2009. Since that time the value of bitcoin is risen. Dramatically as the difficulty of mining new bitcoins increases, the value of the coins have also increased.

 

Thousands of merchants including dell, overstok.com, newegg.com and many more now accept

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What is Nicehash?

May 20, 2018 AlanC Mining
May 20, 2018 AlanC Mining

What is Nicehash?



Nicehash is a Slovenian cryptocurrency cloud mining marketplace that connects miners with buyers. It was founded by MarkO Kobal and Matt Jackorjanc in 2014. It's

Alexa ranking and maximum audience location

  • 24.3% in the USA
  • 11.1% in Russia
  • 5.6% Japan
  • 4.2% UK
  • 3.4% in germany (This is updated as of February 2018)


Buyers rent computing (hashing) power through nicehash's online platform. Sellers provide



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What is cryptocurrency mining?

May 20, 2018 AlanC Mining
May 20, 2018 AlanC Mining

What is cryptocurrency mining?



Digital currencies are generated all over the internet by anybody running an appliction called a digital currency miner.

Mining requires a certain amount of work of each reward block of coins. This work is done by solving complex mathematical problems while simultaneously verifying transcations on the digital currency network, All this work is done by software running on a specialized computer



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What is cloud mining?

May 20, 2018 AlanC Mining
May 20, 2018 AlanC Mining

What is cloud mining?



It is the process of Bitcoin mining utilizing a remote data centers with shared processing power. This type of cloud mining enables a user to mine Cryptocurrencies without managing the hardware.

 

How to use Cloud Mining?

Used to be conducted on CPUs of individual computers with greater speed and more processing cores leading to more profits. Multi-Graphics mining system followed by field-programmable gate arrays



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