A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a kind of digital currency, virtual currency or alternative currency. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network. The rate of generating hashes, which validate any transaction, has been increased by the use of specialized machines such as FPGAs and ASICs running complex hashing algorithms like SHA-256 and Scrypt. This arms race for cheaper-yet-efficient machines has been on since the day the first cryptocurrency, bitcoin, was introduced in 2009. With more people venturing into the world of virtual currency, generating hashes for this validation has become far more complex over the years, with miners having to invest large sums of money on employing multiple high performance ASICs. Thus the value of the currency obtained for finding a hash often does not justify the amount of money spent on setting up the machines, the cooling facilities to overcome the enormous amount of heat they produce, and the electricity required to run them.
Mineiro is an advanced cloud mining solution for multiple cryptocurrencies without expanding all your energy into one token by purchasing a mining contract or hashing power. You will gain access to diverse portion of profitable crypto mining in various top-earning cryptocurrencies such as Bitcoin, Ethereum, USD, Monaro, Z-cash, PASC, Dogecoin, Bitcoin Cash, Dash and litecoin. In order to participate in mining you need to be at least 18 years old from any country you live with email address verification during sign up.
Mineiro is the world’s most advanced cloud crypto mining platform. Enthusiasts of all levels can profit significantly by purchasing hashing power that is then channelled by our professional miners into the world’s most popular cryptocurrencies, generating you the biggest possible rewards.