Learn The Truth About Cryptocurrency Mining Difficulty
Cryptocurrency, which is now emerging into the mainstream, is digital currency that is independent of any central bank or depository. It is highly secure, and each coin maintains the full history of exchange transactions in its blockchain best described as a digital register.
The increase in value of cryptocurrencies such as Bitcoin, Ethereum, and LiteCoin have created significant interest from individuals and institutions alike. Many simply buy the crypto coin of their choice and hope it increases in value. There is an alternative to just buying cryptocurrency and that is to become a "miner" of cryptocurrencies.
The entire cryptocurrency matrix, which is the computer hardware and software requires "miners" to run the mining operation constantly. Early adopters were able to use home-based computers to run mining operations.
Today, the volume of mining activities has increased, and extensive hardware operations called "farms" have been created to maximize mining success. The investment in these operations is significant and is quickly overtaking the operations of the home-based miner.
Working with specialists in cryptocurrency we have arranged access to high powered mining farms for our members through our new product called Crypto.
By providing education and access to leading edge technology our members can participate in the forefront of the cryptocurrency movement without the enormous costs of equipment, programming and on-going operations.
The difference between mining and buying cryptocurrency can be explained using the analogy of Aesop's fable "The Goose that Laid the Golden Eggs." Buying cryptocurrency is much like buying the golden eggs laid by the goose. Whereas, mining cryptocurrency is like having the goose.
We believe the goose is more valuable as it can produce eggs many times just as ongoing mining will continue to produce crypto coins.
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What is Bitcoin Mining Difficulty
Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released
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