I been doing a lot of research on Cryptocurrency and one of the things that got me interested was the mining.I am thinking of creating a company to trade and mine Cryptocurrency.
Cryptocurrency is the future. Right now there are over 1,000 different types of "crypto currency". Even with ups and downs, this is a fully functioning monetary system and we are on the ground floor. There are not enough computers being used to mine cryptocurrency!
There is currently over $7,000,000.00 of unclaimed blockchain decryptions! That doesn't include bitcoins from the original release that haven't been mined. I am creating a company to fill that niche.
What is a Mining Farm?
Crypto-Currency is a vast and gigantious topic to talk about and cannot be summed up in one page. In short words it is a form of working which involves buying Mining processors which allow Miners to look at mathematical problems and solve them.
Mining farm is a place where large number of computers and servers were solving the complex cryptographic problems which confirms the Crypto-Currency transactions.Miners were rewarded with 1 Crypto-Currency for complete execution of 1 block. The complexity of problem would be measured in hash rate. Every year hash rate would be increased and results in making less number of CryptoCurrency compared to previous year.
For a start, i will be mining Electroneum. Electroneum is a British cryptocurrency launched in July 2017, which takes full advantage of the CryptoNight algorithm, i will be mining Electroneum due to the following reasons : -
1.Electroneum is a cryptocurrency that is designed to be easy to use, easy to mine, and designed for fast transaction speeds. It’s also designed with two billion mobile users in mind. Electroneum has been developed to allow anyone, regardless of their technical ability, to gain easy access to the crypto-monetary world. In just a few minutes of installation of the application, any user can see their work. His program executes a miner and is reflected by obtaining the prize of his work: Electroneums. In a few minutes, your wallet will reflect the crypto coins obtained from the process called “computational mining”.
2.Electroneum uses the CryptoNight algorithm which is different from Bitcoin’s SHA-256 and Ethereum’s Ethash algorithms. While Bitcoin needs to be mined using a specialized computer called an ASIC, and Ethereum needs powerful GPUs (graphics cards), Electroneum’s CryptoNight can be mined using only a CPU. In fact, CryptoNight can be mined using a android phone’s CPU. Various Google Play Store APPS makes the cell phone processor work like a digital miner, obtaining coins for the work done.so you can generate Electroneum with something most people have with them all day!
Electroneum is creating a mobile user-friendly wallet/mining app. This is HUGE. If all runs smooth and goes as planned, Electroneum has the potential to bring cryptocurrency to the mainstream population with ease. This platform can only speed up mass adoption of cryptos. It will allow your everyday smartphone user to get their foot in the door to the market. Not only will it increase the overall market cap but it will also help unrecognized tokens/companies get the attention they deserve. A couple of the exciting developments to come in the future is games console mining and ease of transfer between phones. Electroneum will be able to be mined by 620 million games console (Xbox and PlayStation) owners when their console is not in use. In addition, Electroneum will be easy to transfer between users knowing only their mobile phone number – no more long, complicated wallet IDs.
4.Supported by John McAfee.For those who aren’t aware, John McAfee is a self-claimed Tech Pioneer and is also the Chief Cybersecurity Visionary of MGT Capital Investments. He is extremely involved in the crypto community and 99.9% of the time he is spot on with his speculations surrounding many upcoming cryptos.
What will the funds be used for?
This is where your amazing funds come in! It is my dream to one day be able to make my own Crypto-currency Mine farm. In order for me to do so i would need to raise a good sum of finances to be able to buy the processors necessary to run my mining programs.
For a start, I will be using the funds to get some used I7 notebook to do CPU mining.
At this moment, I need your help and support to make this first step and raise the necessary funds that every business needs to get off to a healthy start.Thanks for reading.