Crypto Mining Configurations
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360 Degree Mining Competence
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1. A mining Strategy that secures the successful coin implementation into the Bitcoin Ecosystem
2. A Coin and-or Token Identity that is Globally unique and competent in its personality Characteristics
3. A Coin and-or Token Design that is unlike any other based on a unique symbolism that is powerful in its creative and substantive content
4. The Creation of an Independent Blockchain structure that allows the professional engineering of your Coin
5. CRYPTOR GLOBAL ™️©️ Strategic configurations that include but are not restricted too :
Data Authentication & Verifications which includes immutable storage, digital signatures and encryptions.
Smart Asset Management which includes the issuance, payment, exchange, escrow and retirement.
Cryptor Global ™️©️ Smart asset Creation programs create the Tokenized version of real World assets such as Gold.
The Identification of the suitable Consensus Mechanism
The Selection of the most Suitable Platform
The Design of the Blockchain Instance
The Building of API's
The Design of the Admin and User Interface
The Implementation of 2030 Future Technology
The ICO Initial Coin offering Marketing Strategy - Campaign- and Global Media selection
The implementation of a secure Coin Maintenance Support System
that stabilizes and increases the Coins Global value
Mining Hardware Cryptor Global uses for its valued Customers :
BitMain Antbox - AntMiner
The Most Secure and robust Mining Equipment Storage Containers with as much as 180 units Capacity
ANTBOX N5 SE Price Upon Request 3 Weeks Delivery Time
ANTBOX N5 Price Upon Request, 3 Weeks Delivery Time
Bitmain Antminer S17 - 53TH/S SHA-256 algorithm PRICE : 3,299 USD
Bitmain Antminer S17 - 56TH/S SHA-256 algorithm PRICE : 3,399 USD
Bitmain Antminer S17 Pro-50TH/S SHA-256 algorithm PRICE: 2,699 USD
Bitmain Antminer T-17 - 40TH/S SHA-256 algorithm PRICE: 2,259 USD
Bitmain Antminer T-17 - 42TH/S SHA-256 algorithm PRICE: 2,899 USD
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How does mining actually work?
In todays Crypto Currency universe Ethereum’s mining process is almost the same as bitcoin’s.
For each block of transactions, miners use computers to repeatedly and very quickly guess answers to a puzzle until one of them wins.
More specifically, the miners will run the block’s unique header metadata (including timestamp and software version) through a hash function (which will return a fixed-length, scrambled string of numbers and letters that looks random), only changing the ‘nonce value’, which impacts the resulting hash value.
If the miner finds a hash that matches the current target, the miner will be awarded ether and broadcast the block across the network for each node to validate and add to their own copy of the ledger. If miner B finds the hash, miner A will stop work on the current block and repeat the process for the next block.
It’s difficult for miners to cheat at this game. There’s no way to fake this work and come away with the correct puzzle answer. That’s why the puzzle-solving method is called ‘proof-of-work’.
On the other hand, it takes almost no time for others to verify that the hash value is correct, which is exactly what each node does.
Approximately every 12–15 seconds, a miner finds a block. If miners start to solve the puzzles more quickly or slowly than this, the algorithm automatically readjusts the difficulty of the problem so that miners spring back to roughly the 12-second solution time.
The miners randomly earn these ether, and their profitability depends on luck and the amount of computing power they devote to it. The specific proof-of-work algorithm that ethereum uses is called ‘ethash’, designed to require more memory to make it harder to mine using expensive ASICs – specialized mining chips that are now the only profitable way of mining bitcoin.
In a sense, ethash might have succeeded in that purpose, since dedicated ASICs aren’t available to mine ethereum (at least not yet).
Furthermore, since ethereum aims to transition from proof-of-work mining to ‘proof of stake’ – which we discuss below – buying an ASIC might not be a smart option since it likely won’t prove useful for long.
Shift to proof of stake
Ethereum might not need miners forever, though.
Developers plan to eliminate the proof-of-work, the algorithm that the network currently uses to determine which transactions are in fact valid and which protect it from tampering, in favor of proof of stake, where the network is secured by the owners of tokens.
If and when that algorithm is rolled out, proof-of-stake could be a means for achieving distributed consensus that uses fewer resources.
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