CRYPTO MINING REVOLUTION

WHAT IS CRYPTO?

Crypto currency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralised control as opposed to centralised electronic money/centralised banking systems. The decentralised control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

Within cryptocurrency systems the safety, integrity and balance of ledgers is maintained by a network of people referred to as miners. These are people using servers to help validate and timestamp transactions adding them to the ledger in accordance with a particular timestamping scheme.

MINING EXPLAINED

CLOUD BASED MINING

With our cloud solution you don't need to own or setup any hardware or additional equipment. Simply buy a contract and we will allocate the hardware for you to manage via your own control panel.

Principally everybody can be a miner. Since a decentralised network has no authority to delegate this task, a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it.  This is achieved by having a massive network of independent machines compete to solve a cryptographic algorithm each time a block of transactions need processing.

 

The algorithm rewards those who successfully use their hardware for mining the cryptocurrency with a new unit or coin. As more cryptocurrency is mined and released the harder it becomes to solve the cryptographic algorithm. This means that miners need to be using servers with an every increasing amount of processing power and that comes at a high cost.

Crown Mining seek to solve this issue by creating large clusters of servers which intelligently pool resources. Once set up the processing power can be rented by miners who would rather not invest in their own hardware.

WE HOST THE HARDWARE

We host the hardware in our datacenter which means that you don't need to worry about provisioning servers, additional equipment, electricity costs, cooling systems or security.

INVEST IN OUR PLATFORM

Crown Mining is a crypto currency fintech startup that is seeking investment in our next project phase. Contact us today to discuss this opportunity and gain early access.

We are building a next generation mining cloud platform that will enable you to harness hashpower like never before.

LINKS
ABOUT

contact@crown-mining.com

Tel: 0203 488 2721

71-75 Shelton Street
Covent Garden
London
United Kingdom
WC2H 9JQ

© 2019 Crown Mining