WHAT IS CRYPTOCURRENCY?
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins.
WHAT IS MINING?
Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new Bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining.
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.
The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released Bitcoin.
WHAT IS BITCOIN?
The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million Bitcoins in circulation with a total market value of $3.4 billion. Bitcoin's success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.
There are no physical Bitcoins, only balances associated with public and private keys. These balances are kept on a public ledger, along with all Bitcoin transactions, that is verified by a massive amount of computing power.
Which hardware do we use for Bitcoin mining
We use Application-specific integrated circuit chips (ASICs) hardware for Bitcoin mining which are solely created to solve Bitcoin blocks. They have only minimal requirements for other normal computer applications. Consequently, ASIC Bitcoin mining systems can solve Bitcoin blocks much quicker and use less electricity or power than older Bitcoin mining hardware like CPUs, GPUs or FPGAs.
Guaranteed returns with Zero Risk policy
We assure you that its absolutely safe as we offer pools with zero risk for you. On behalf of you company invests your investment fund in our mining farms. We are committed to return your investments as per the pool purchased by you. MiningHub offers a cooperation strategy that does not involve risk.
BENEFITS OF EARTH POOL
Earth Pool is a virtual network of machines between multiple users.In this the block rewards earned through mining done on the same machine is distributed between the earth pool owners.
The core benefits of Earth Pool
→ No expense to purchase any hardware
→ Zero maintenance cost
→ Get daily dividends
→ 1% Mining Return
→ Direct Referral Commissions 8%
→ Mining Power of upto 5 TH/s
Benefits of Ocean Pool
Being an Ocean Pool owner you get a dedicated machine for mining. It is much similar to a dedicated hosting server in comparison of regular sharing web-hosting. So everything mined by this machine is given to the Ocean Pool owner.
The core benefits of Ocean Pool
→ 1.5% Mining Return
→ Direct Referral Commissions 10%
→ Mining Power of upto 50 TH/s
Benefits of Galaxy Pool
As a Galaxy Pool owner, you get a whole rack of machines solely dedicated only for your mining requirements which yields maximum output.
The core benefits of Galaxy Pool
→ 2% Mining Return
→ Direct Referral Commissions 12%
→ Mining Power of upto 500 TH/s
What are the advantages of Bitcoins?
Payment freedom - It is possible to send and receive Bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.
Choose your own fees -
There is no fee to receive Bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 Bitcoins for the same fee it costs to send 1 Bitcoin.
Fewer risks for merchants - Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance.
Security and control - Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods.
Transparent and neutral - All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure.
Why do people trust Bitcoin?
Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitcoin works. All transactions and Bitcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted.