Cloud Mining

[noiz 2]

 

Cloud mining or the pitiful attempt to save the system

 

What is the task of the mining worker

 

For many users and end consumers of the cryptic payment system, the stubborn misconception is that the mining process only serves the purpose of generation of commercial capital in the form of bitcoins or other cryptocurrencies. Ultimately, the so-called mine is a positive side effect of this highly complex and essential task in the field of cryptic foreign exchange trading. The mining worker represents the link in all transactions, as the processing of the block chain before and after each foreign currency transfer.

 

In a cryptic payment process, all relevant data of the payment process is saved in hash values. The information about the sender and recipient of values as well as the transaction amounts are stored in hash values in the block chain, which must be deciphered and encrypted for the transaction process, whereby the block chain must therefore be newly arranged. The technical process generates the much coveted Bitcoin credit when creating the new block chain sequence, the mine that completes the upgrading block also receives the much more sought-after block reward.

 

 

Power and fainting of block chain technology

 

According to the ideas of the inventors of block chain technology, users should not exude the end consumer of the system, rather users and end users should also implement data processing. Since Satoshi Nakamoto imagined a growth-oriented, decentralized and encrypted payment system as a counterweight to the banking monopoly, mechanisms are stored in this software that is intended to prevent the centralization of high capital amounts. The father of Bitcoin still believes that the "Bank of the Future" belongs to the hands of the end consumers.

 

One of the most interesting security mechanisms in the Bitcoin payment system is to increase the level of difficulty in decrypting the block chain if a user and service provider of such a mining company exceeds a certain equity value and thus monopolization of this service provider is expected. The fall of these mining companies was to build more and more powerful systems, which claim all conceivable resources such as hardware components, energy, administration staff and not least equity.

 

 

For the operators of these mining companies, the cost and benefit calculation of such systems are becoming increasingly inefficient. Therefore, a concept was developed to suggest the physical growth of the Bitcoin network. Cloud mining, one thinks, should fix or at least slow down the problem of steadily increasing degree of flexibility in block chain decline. Therefore, Cloud Mining is currently the absolute insider tip for investments with dream returns, because the once large and wealthy mining giants have never been so dependent on debt capital from the private sector as in previous years.

[RussiaBtcLife 28]

i dont think it worth cloud mining as many of them are scam , i would rather buy the mining cards and have it on my own home , rather to pay on air and wait for profits