Blockchain and Cryptocurrency

 In Hosting, Industry, Miners

Blockchain and Cryptocurrency

Blockchain? Cryptocurrency? What are they

Blockchain and cryptocurrency are two of the most common words you will hear within the crypto market; The crypto market includes both mining and trading of cryptocurrency.

Blockchain

a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network; also : the technology used to create such a database

blockchains definition

Cryptocurrency

any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions

Cryptocurrency

So how does cryptocurrency and blockchain work together?

Cryptocurrency is an untraceable, anonymous and unregulated currency which one could easily use for illegal transactions. What blockchain brings to cryptocurrency is provide it a way to make sure the transactions can be traced and recorded. This would allow transactions to be transparent on both ends; the sender/seller, and buyer/receiver.

Mining Cryptocurrency

Mining cryptocurrency, in simple, is the use of your GPU’s processing power to solve complex math equations in order to help with the verification of blocks within a blockchain.

Cryptomining Farm

basic items for a mining rig and crytomining farm

Running a cryptomining operation isn’t a simple task.

Below is a basic list if an individual was looking to get into cryptomining:

  • Some basic items to start mining:
    • GPU’s
    • Mining Rigs
    • Ventilation systems
    • Power sources
    • Location / where to store the mining operation

How MiningSky Helps

MiningSky offers a full-service solution to cryptomining. MiningSky can take the hassle out of the setup and operation of a mining farm. Their knowledgeable sales team will clearly explain the step by steps process from the purchase of a mining farm to the operation and life cycle. Aside from the sales team, MiningSky has a professionally trained staff on site of the mining operation to maintain and upkeep the machines to maximize the profit it generates.

MiningSky will help you:

  • Take the worry out of knowing what you need to start a mining farm
  • Find all the items needed to run a mining farm
  • Run and maintain the mining farm
  • Maximize the return on equity for each of the GPU’s
MiningSky full service crypto mining

Contact MiningSky today to start your cryptomining journey!

Recent Posts

Leave a Comment

Start typing and press Enter to search

Cryptocurrency's futureCryptomining GPU Temperature