-Mining is Data processing of crypto currency transactions.
-In layman words –when two person buyer and seller makes a contract- agreement is deemed to be signed by 2 witness.Only Then stamp duty office(government office) accept/endorse it.
-In this world Crypto world when 2 persons- one seller sends coin to buyer- it goes to “blockchain server(like stamp office)” on a sellers wallet address. That is endorsed by networks (like witnesses) across the world- when 3 network verifies authenticity of transaction it is deemed complete by large and blockchain server records it complete. This confirmation of transaction is called mining.
There are 700+ coins as on date and millions of transactions are being processed for various applications.
-For doing this job work(mining) round the clock coins are given to miners as a reward for such processing for each transaction.
-Computers “Mine” for crypto currencies by competing with each other. It requires high end computing power called mining servers and software to do this.
The value of cryptocurrencies have increased many folds in the last one year.
Miners At Work, a block tech company in Singapore has ventured out with mining of cryptocurrencies. Since the potential is enormous, we would like to invite everyone to be involved with us. We have a one-stop-solution for mining at our data centre in Singapore and welcome you to come by and take part in this new venture. Our ICO will give everyone the opportunity to reap the rewards.
If you like to join us, it’s super simple. Our mining rigs are already up and running. As soon as you have set-up your account, you can start buying tokens from our ICO prelaunch!
Crypto currency is beautifully defined by Trace Mayer J.D., a Leading Monetary Expert on Bitcoin and Gold as :
-Instant transactions, No waiting for checks to clear;
-No chargebacks (merchants will like this), No account freezes (look out Paypal);
-No international wire transfer fee, No fees of any kind;
-No minimum balance, No maximum balance;
-No waiting for an account to be approved before transacting, open an account in a few seconds,
as easy as email, No bank account needed;
-No printing press, No hyper-inflation, No debt limit votes, No bank bailouts, completely voluntary;
-Extremely poor people can use it, extremely wealthy people can use it;
-worldwide access, always open, no waiting for business hours to make transactions.
“This sounds like the best payment system in the world!” – Trace Mayer J.D.
“Bitcoin is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.”