Why is mining so important?
Cryptocurrency networks need computational power to run securely. The world’s most powerful blockchains are supported by millions of computers around the world.Unlike paper money, Bitcoin and other cryptocurrencies are produced mathematically and held digitally. The people who voluntarily offer their computing power to secure these cryptocurrency networks are called miners. Cryptocurrencies don’t have a central government or other so-called ‘middlemen’ that decide about the future of the system. – They are in fact digital, borderless democracies in which miners vote with their computing power to reach order and consensus.
How is Bitcoin kept secure?
The only way to not create money out of thin air or corrupt it, is to burn real energy. This is called Proof-Of-Work.Today, bitcoin is the most secure computer network on the planet and it’s practically impossible to break it! The reason for that is hash power, the umbrella term used for the computing power that miners provide to the bitcoin network and similar cryptocurrency networks. Due to the rapid growth of the ecosystem, mining operations today are mostly running with specialized high-performance computers that function most efficiently set up in large data centers.
What's the Incentive for miners?
It all comes down to trust: Miners keep the blockchains trustworthy and are rewarded for their efforts.As miners, we are processing and verifying the transactions of the cryptocurrency ecosystems and keeping their public transaction history (blockchains) maintained and secure. For this, the mining community is rewarded with the networks’ transaction fees and newly created coins. It’s a win-win situation! When you start mining with us, you are getting your share of this reward.
The big vision of cryptocurrency
The future will be decentralized.To keep the integrity (and values!) of all cryptocurrency ecosystems intact, miners keep the networks safe and its authority decentralized by keeping each other constantly in check. This allows both a healthy growth and a fair distribution of currency units to all crypto-citizens!
Why premiumfx-trade?
We are making mining accessible to everyone.
We are uniting all key aspects of running an efficient cryptocurrency mining operation. From building highly efficient
data centers to providing a streamlined mining system for our users.
We make mining competitive.
To mine competitively today, you need to invest significant resources, time and effort into your setup. Our team has built the most efficient mining systems to do the job for you. This way you can fully focus on keeping track of the markets and remain competitive with your mining rewards.
Contributing to the ecosystem.
Besides being the portal for interesting mining data, we are also actively contributing to the cryptocurrency ecosystem, from launching awareness campaigns to releasing open-source mining software.
Multi-algorithm
support.
We are building mining data centers around the world that are able to support 6 mining algorithms for 10+ different cryptocurrencies. If that’s not enough, we’d be happy to also support the ones you want to mine!
