wHAT IS CRYPTOCURRENCY?
Don't worry if you're new to the crazy world of crypto. We're here to help.
You may know all about cryptocurrency, you may have heard of it or you may know absolutely nothing. Here are the key points:
Bitcoin was the first cryptocurrency; it went public in 2009. There are now over 1,000 different cryptocurrencies. This is an umbrella term that refers to tokens and coins. Not all ‘cryptocurrencies’ are used for trading or payment. Tokens such as Ethereum are designed almost like the App Store so that other users can build upon them for business contracts, for example.
Cryptocurrencies use encryption (cryptography) to produce money and to verify transactions. These transactions are added to a public ledger, also known as a Transaction Blockchain. Unlike traditional fiat currencies (which are usually backed by some central government) such as Pound Sterling, the value is entirely based on the utility the coin will create hence the massive increase we have seen in the value of cryptocurrencies. New coins are retrieved through a process known as ‘mining’.
The technology was first used by Satoshi Nakamoto in the development as what we now know as Bitcoin. Developed as a response to the financial crisis of 2008, Blockchain is the software platform that allows crypto currency to run as a truly decentralised, totally secure system. Blockchain technology underpins anything that requires large amounts of computer power including machine learning, graphics rendering, big data analysis and weather. It allows digital information to be distributed but not copied.
A shared, continually updated database records block chain information. The Blockchain database is not stored in a single location. Therefore, records are entirely public and easily verifiable. Millions of computers host the database simultaneously and anyone can access its data, ensuring transparencywithin the entire network, thus increasing public trust in the system as compared to the traditional fiat system.
Mining is the process in which the block chain ledgers are updated. Example: If Bob sent Sarah some Bitcoin, this would be processed and recorded on the public ledger by the mining rigs.
In return for upkeeping the system of that particular coin or token, the owner of that mining rig will be paid a ‘thank you’ in the form of a small proportion of said coin or token.
Essentially, you are being paid for providing the computer power. This can be extremely lucrative. It is these mining rigs that we at Easy Crypto Hunter specialise in building and selling to our amazing customers.
This depends on the value of the cryptocurrency market. The money you earn each day will change. Unlike other mining software which typically mines a single coin, our machines are pre-installed with Nicehash auto-mine software which mines Alt coins. It scans the market and automatically mines the most profitable, highest dollar value per day at any given time. You then get paid in Bitcoin, respective to the dollar value earned that day.
Because our rigs are set up to mine Alt coins, they are not directly affected by fluctuations in Bitcoin value but they do tend to follow the market price on the whole. If the price of Bitcoin falls but Alt coin prices stay high, they’ll actually be worth more Bitcoin so you’ll profit from this.
This is why GPU mining with the pre-installed software is the safest, most profitable, hands-free way to mine.
the future is crypto
Our customers are smart people. They’re looking to make the most of their liquid cash. Looking at the numbers alone, it’s easy to see why cryptocurrency is so appealing. Like any profitable market, it rewards those who get in first. However, unlike most traditional investments, with our mining rigs, there are no fixed contracts, tenants or unexpected costs. The risks are minimal and there huge rewards on the table.
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