Electronic Money And Its Nuances

Bitcoin Cloud Mining

Getting the best out of investment in futuristic technologies is primed to become even easier than it already has. Earlier, people would have to tack their hopes on to the zany promises made by often corrupt business persons, committing their savings or surplus cash to schemes that would not only swindle them of that capital but also cause a significant damage to the morale of the hoodwinked person(s). Alas, the threat of corruption has always been present at every level of economics, from the pilfering butcher who has his thumb on the scales for cheating you out of a few grams of meat to the Ponzi schemes like the one perpetrated by Bernie Madoff which caused widespread scandals and resulted in the loss of millions of dollars as collateral damage.

As the world has learned from these gaffes on the part of economic regulators and governments, the regulations regarding high profile economics have become stricter and have also come to encompass a wide variety of frauds and illegal schemes. When the bulk of financial transactions gradually shifted to electronic networks and the World Wide Web over the second half of the twentieth century, the security and verifiability of those transactions was always a matter at the forefront of the minds of programmers and regulators.

Employ Bitcoin Cloud Mining For Monetary Gains

As the security and recordkeeping became better over the years, so did the threats from phishers, hackers, fraudsters and plain old conmen. As a part of the continuous development of standards that governed or dictated finance over the internet, economic regulatory bodies collaborated on stricter controls and fail-proof security of transactions. In the early days, one of the major blocks, the double spending problem, was solved by using blockchain technology which was completely new at the time. ‘

Blockchain, in the simplest terms, is a tabulated collection of records – they can be financial (the most common as of today), data-based (like health and medication records), metrics (like business related numbers: sales figures, revenues et cetera) – that have been cryptographically processed for security, and independently verified by all the nodes in the network for verification. Once two parties have exchanged information, meaning they have carried out a transaction, then that transaction is recorded in the blockchain and cannot be further altered, except by allusion of all the participants of the network, which is unfeasible and also not allowed by the self-regulatory cryptocurrency community.

Which leads us to the million, or billion actually, dollar question – what is cryptocurrency and how do YOU get your hands on some of the lucrative pie? Easy – with HashGains! In a sentence, we bring together the hardware required to generate cryptocurrencies in various formats. There is no cryptocurrency that is more widely accepted and hence famous than Bitcoin, so it makes sense to join the networks that are involved in mining Bitcoin.

Bitcoin mining is easily explained if you have just a little bit of an inkling about the way technology has been used to generate information and knowledge. The demand for solving highly complex mathematical equations and testing the theories of quantum physics requires quite a lot of computational power – more than a normal personal computer for sure, and close to supercomputer level. While the supercomputers at universities like CERN in Switzerland are always in action, the idle computers networked to the cloud – a collection of hardware that can be remotely accessed and used for various purposes by diverse users for divergent needs – were harnessed to aid in the time and power intensive process.

Ingenious programmers and network professionals figured out how to use graphics processor units, typically called GPUs by the gaming faction, in tandem to (or at least try to) generate solutions that would be beneficial to science, and when they achieved some predefined goals, they were producing value – which was recorded in the blockchain. By showing proof-of-work (PoW) for each GPU, a share of the value produced was allotted to that GPU’s owner in the form of – you guessed it, Bitcoin.

Since 2010 or thereabouts, this has resulted in many offshoots, each using the similar underlying principles to generate value in return for power and maintenance costs of the GPUs, generally set up in arrays. The process for which the GPU arrays are made to carry out calculations dictate the kind of cryptocurrency generated, although Bitcoin remains the best by far.

This is what HashGains does for you: we have extensive experience in maintaining and deploying hardware and all its associated infrastructure, from cooling towers to fire suppressions to voltage regulation and manpower for the security of data centers. We use our experience to carry out Bitcoin cloud mining and invite you to be the owner of a proportionate part of the windfall determined by your investment. They say that nothing in life comes easy, especially the good things, but with HashGains Bitcoin cloud mining, we are inclined to disagree!

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