The future of crypto: mining just got more accessible and more responsible.

    Bitcoin mining is a bit like space travel to most people.

    They know it exists and understand that it’s important; but they normally watch from a
    distance as it seems a very remote possibility that they’ll ever be involved!

    But these days you don’t have to be a NASA scientist or even a Silicon Valley entrepreneur
    to be involved in crypto mining.

    The secret is out; the door is open; and more people are counting the profits.

    The evolution of crypto mining

    Cryptocurrency “miners” are responsible for ensuring the authenticity of transactions and
    updating the blockchain ledger. For this complex job, they are rewarded with cryptocurrency.

    But you don’t have to own any of this currency to make profits from it. Just like you don’t
    need to physically own gold ingots to trade in gold.

    Crypto mining is no longer the exclusive domain of solo operators working banks of
    computers for long hours out of basements (and worrying about their electricity bills).

    The realisation has hit. Going it alone is difficult because of the steep learning curve. It’s
    tough to make decent profits on a small-scale.

    To make serious money from crypto mining, it needs to be treated as a “volume” business; it requires the economies of scale of large operations working out of massive data centres.

    But that creates a host of other issues regarding connectivity, power consumption, the
    environmental impact, transparency for investors, etc.

    Overcoming these concerns has spurred another evolutionary development with crypto
    mining: the birth of new generation, high tech, purpose-built, crypto-centric data centres.

    These state-of-the-art centres are making crypto mining more profitable, more responsible,
    and more accessible to everyone:

    • Large scale achieves economies of scale—better for profits
    • Reliable internet and electricity supplies—better for ‘up’ time
    • Powered by hydro-electric power—better for the environment
    • Purchased upfront—better for minimising investor risk
    • User-friendly dashboards for investors—better for transparency

    Lifting the lid off crypto mining

    Large-scale mining operations in purpose-built data centers are few and far between at
    present. But they are shining the light for the future of the industry.

    This is the way things are going.

    For several good reasons, there is a window of opportunity for investors who decide to get in early:

    • The annual compound growth rate of Bitcoin over the last 7 years is 196%.
    • The world of crypto currency awaits the next big Bitcoin rally—remember that
      Bitcoins started out with a $1 value and in Dec 2017 hit almost $20,000.
    • If this same trend continues, in three years, Bitcoins will cost around $90,000!

    Mining Bitcoin has become a safer way to benefit from crypto currency than actually holding it.

    Now that electricity costs can be controlled, reserves purchase upfront, and more efficient
    hardware purchased, mining operations that achieve economies of scale are well-positioned
    to dominate for years into the future.

    These large-scale operations have replaced the many smaller companies that shut down in
    recent times, when it was tough to generate enough revenue to justify continuing with
    mining.

    The door is now open.

    The world of crypto currencies may have once seemed like “space travel”. But you can buy a ticket on the next rocket…

    One small step for mankind…

    Potential investors who want to understand more about the crypto mining opportunity can
    start with a simple step.

    MintMine facility in Quebec will purchase its electricity for one year upfront with reserves to
    power it for at least three years. This means it can mine even when other operations stop
    because it’s unprofitable.

    Find out more about this brand new, large-scale mining operation run by experienced crypto miners out of a fully owned, state-of-the-art, environmentally friendly data center.
    Mintmine will be raising funds for their IEO later this year – date to be revealed soon.

    Subscribe here and don’t miss out!

    Follow us on Telegram | Twitter | Facebook

    Featured Images are from Shutterstock.

    Blokt is a leading independent cryptocurrency news outlet that maintains the highest possible professional and ethical journalistic standards.
    Previous articleClose your next big deal at ChainPoint!
    Next articleBlockchain in Banking and Finance – All You Need To Know For Beginning
    This article is a press release, submitted by the respective company mentioned in this release, or their agents. Blokt.com does not necessarily endorse this project/company/product/ICO and is not responsible for or liable for any content, advertising, products or other materials on this page. Readers should perform their own due diligence before taking any actions related to the content on this page. Blokt.com is not responsible, either directly or indirectly, for any damage or loss caused, or alleged to be caused, by or in connection with the usage of or dependence on any content, products or services mentioned in this release.