With is bitcoin mining. Bitcoin operates as peer to
peer network. But the question is, where do bitcoins come from?
Bitcoin is a cryptocurrency that is not backed by anything like gold, as a
normal currency is. It is just one type of cryptocurrency. It is also decentralized
meaning no single authority or institution holds or controls the bitcoins.
with paper money, a government
decides when to print and distribute money. Bitcoin doesn’t have a central
government. Everyone who uses a bitcoin is a tiny fraction of bank of bitcoin.
With Bitcoin, miners use special
software to solve math problems and are issued a certain number of bitcoins in
exchange. This provides a smart way to issue the currency and also creates an
incentive for more people to mine.
How Bitcoin Mining Works
Before you start mining Bitcoin, it’s useful to understand what
Bitcoin mining really means. Bitcoin mining is legal and is accomplished by
running SHA256 double round hash verification processes in order to validate
Bitcoin transactions and provide the requisite security for the public ledger
of the Bitcoin network. The speed at which you mine Bitcoins is measured in
hashes per second.
The Bitcoin network compensates Bitcoin miners for their effort
by releasing bitcoin to those who contribute the needed computational power.
This comes in the form of both newly issued bitcoins and from the transaction
fees included in the transactions validated when mining bitcoins. The more
computing power you contribute then the greater your share of the reward.
How To Start Bitcoin Mining
To begin mining bitcoins, you’ll need
to acquire bitcoin mining hardware. In the early days of bitcoin, it was
possible to mine with your computer CPU or high speed video processor card.
Today that’s no longer possible.
Custom Bitcoin ASIC chips offer performance up
to 100x the capability of older systems have come to dominate the Bitcoin
Bitcoin mining with anything less will consume more in
electricity than you are likely to earn. It’s essential to mine bitcoins with
the best bitcoin mining hardware built specifically for that purpose. Several
companies such as Avalon offer excellent systems built specifically for bitcoin
another option is to purchase in Bitcoin cloud mining
contracts. This greatly simplifies the process but increases risk because you
do not control the actual physical hardware.
Anyone can become a Bitcoin miner to try and
earn these coins. However, Bitcoin mining has become increasingly specialized
over the years and is nowadays mostly done by dedicated professionals with
specialized hardware, cheap electricity and often big data centers Let
us take it another way.
You can start
mining within 5 minutes.Mining is very complex and technological process. Good
news we already did all the hard work for you. Simply choose your plan, pay for
it and collect freshly baked coins.
You have access to the industry’s best technology
We use the best equipment manufacturers and world-class
data centers to deliver your results.
We handle all hardware and infrastructure while you focus
With ARKONIX, you do not need to worry about equipment,
maintenance, power outages. We handle everything for you so you can focus on
mining. In the case of data center downtime, we compensate you in coin for any
We provide the best hash price
We want to give you the best market price for hashing
power. We avoid exchange markets so speculators do not increase the price for
your hashing power.
You have the same access as the world’s largest mining
By working with us, you rent a small part of the world’s
largest mining data centers.
High Level Security
Setup by security specialists, employing encryption,
sophisticated anti-fraud procedures and DDoS protection. ARKONIX mining pools
are much safer than most of the standard pools. The mining facility is fully
All private client data is kept securely encrypted in
Switzerland, and not shared with any 3rd party.
You will get a 15-year legal mining contract with