Mining cryptocurrencies: in-depth, aerial basics - April 2021. ╚╝A second look, to the point, with details!

I am really long-term bullish on crypto mining, cryptocurrency, and the concept of decentralization that it brings to the table. I believe it will be the established form of payments in no more than 5 years, or at the minimum a strong ingredient of the mix.

Today cryptocurrencies market cap sits at about $2 tn *trillion usd. Which is about the same market cap Apple has. I think that by 2025, we are going to be living through a real breaking point for new standards of not only currency or payments but business tech in general & innovation. 

Regarding currency, we should all move a part of our assets into the crypto space and away from inflationary fiat currency - though please note that bitcoin is currently one of the only deflationary currencies< I know there are more, but none close to Bitcoin-s tech, not to my awareness. So..

WHAT IS CRYPTO MINING?  

- Crypto mining is the process of computers validating transaction history on the blockchain network for profit and it is the reason cryptocurrency exists through decentralization. The concept is that every person is their own “banker” and that there is no single entity (i.e. government) that can control or manipulate the currency (simply by printing more of it). After the computer has solved a complex mathematical problem, it is rewarded with a block reward which is the coin it is mining.  

- ■ Crypto mining ETH is currently generating between X%/Z% ROI, which means that the hardware is being paid off in XX month time relative to their cost.

- ■ Crypto mining BTC is currently generating between Y%/T% ROI, which means that the hardware is being paid off in YY month time relative to their cost. 

■ ■ ■ (want to know the real numbers because you are an investor? 

Feel free to reach out) ■ ■ ■

- Crypto mining OTHER currencies such as DogeCoin, which I love, because there is NO other coin that represents internet culture, and I genuinely believe that culture is a really smart asset to leverage when creating currency, especially in an internet world. It’s a LONG way until it reaches $1 as it would need a market cap of $100 bn, but it’s not that far if we look at the current market cap for Bitcoin $1.09 tn.

Maybe 5/8 years, or less as it could explode because of a chain of influencing posts, started when Elon Musk pumped it, that could continue with other celebrities or influential people.

Elon bought $2.8 bn for SpaceX, but SnoopDog, Pitbull too, and others like Paris Hilton, and many more have been avid supporters too. I believe it just takes some momentum for people with influence to start tweeting, posting, etc and thus, bringing in the late adopters into the crypto space. This space is going to the literal moon, mark my words.. right Elon? (joke for those who understood).

HOW DOES IT ACTUALLY WORK?

■ Crypto mining is a true passive model. As the machines simply need to be plugged in and working to generate income. And let me just say that you won’t find this level of synthesis anywhere else because people want to sell you, and I want to collaborate so we can make business together.

Literally. It’s 4 steps: You have a wallet, you join a mining pool on an exchange, you mine, and you get rewarded as the coins come into existence, equal to the amount of power you gave the mining pool in relation to the power the other users gave to it, to bring into existence the coin, whichever coin is it that we mine.

For more information regarding starting your own mining operation, then please reach out. On top of having +1000 software engineers working to accommodate all requests, one of our NAICS codes (the codes that identify the services you can offer to the US Government) is 514519- Computer Facilities Management. So feel free to ask us any questions, regarding mounting your own operation, managing your facility, or investing in a current project. We will ask you some questions to fully understand your needs, and provide accordingly.

Now you know better!

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