Cryptocurrencies has gone mainstream over the past years. Bitcoin especially, has gained global popularity, with an ever-larger number of people buying and selling them. Since Bitcoin has hit the mainstream and become a global phenomenon, more people than ever are looking to get into the cryptocurrency game.
People had been fascinated about the technological advancements and investment opportunities behind bitcoin. Bitcoin domain is the blockchain technology, it has brought a lot of innovation in our everyday life.
THE BLOCKCHAIN
Its a public ledger (Decentralised register) that supports almost all cryptocurrency transactions. These transactions are coupled into units called "block". These are then stamped or registered by a person or group of persons that own a mining system. This checks if the same coin hasn't been expended again before the transaction has cleared, and that the input and output expenses tally. This is how new coins are created.
Nonetheless, cryptocurrencies production differs from regular money. New notes are not issued by central authority; instead, bitcoins (or litecoins, or any of the other so-called 'alt-coins') are generated through a process known as 'mining'. So what is cryptocurrency mining, and how does it work?
MINING
This is using cryptograph to append a group of transactions into a block. In order to successfully create a block, it must be accompanied by a cryptographic hash that fulfills certain requirements. This is achieved by making miners solve complicated mathematical problems called proof of work' PoW.
More so, this calculation becomes more difficult to achieve over time. This make miners to increase hash rate in achieving a transaction. They also get some token from the coin they mine. This earnings sometimes cant be tracked considering the resources and energy miners put in to append transactions, issues like;
- Tracking the state of the hard ware
- Difficulty knowing what to mine
- Tracking how much earned against expenses
This is issues are what Whalesburg tend to solve
by bringing all in one solution to security, exceptional user experience, and - for enterprise level miners;
- instant scalability. The difference between Whaleburg and other well-known players in the space like NiceHash, ethOS, and Mining Pool Hub.
In the diagram below, whaleburg is seen at the centre integrating all parameters that miners use
a. Anonymity: few requirements to start mining.
b. Transparency all transactions are trackable using blockchain scanner.
c. Smart-Switching : Whaleburg software can direct which coin to mine. This way, you no longer need to monitor prices, difficulties, or mining effectiveness for each coin you are interested in.
d. More Coins: As a multi-pool, miners can mine more coins.
e. Proportional Rewards: appropriate reward will be received by miners.
Whalesburg has built a software bundle that makes achieving the above easy.
CONSTITUENT OF THE WHALEBURG ECOSYSTEM
- Desktop app
- Mobile App (IOS & Andriod)
- Web interface
- Statistic Module
- Benchmark tab
- Share your statistic
- Personalise KPI report module
- Hardware health tab
- Exchange rate payout management
- voting system
- Profile preference tab
- Technical support
- Third party Integration
- Transparency
The ecosystem will run a utility Token WBT
- Symbol: WBT (WhalesBurg Token)
- Total supply: 100,000,000 WBT
- Type: ERC 20
- Hard-cap: token sale ends if 3800 ETH is raised; this includes funds raised during pre-sale
- WBT price 0.0000718 ETH
TOKEN USE
Membership Ticket
- WBT tokens allow discounted fees. The more WBT you own, the less you pay.
Decentralized Governance
The voting platform will be the center of development planning. Owners of WBT tokens will become a Whalesburg citizen with the right to propose changes, discuss them with Whalesburg executive team, and vote for they want changed.Address Verification
verification to certify owners of wallet.
THE TEAM
The team is comprised of seasoned IT experts and blockchain guru
- John Kitkin CEO cofounder
- Vladimir Protasevich CTO cofounder
- Konstantine Lemontov CMO cofounder
CONCLUSION
This is a very interesting project considering the attention cryptocurrency is having now. A platform where miners can make choice of mining, earn passive income and get paid appropriately should be good one.
Get more details
Website: https://whalesburg.com
Mining pool: https://pool.whalesburg.com
Telegram: https://t.me/whalesburg
Reddit: https://reddit.com/r/whalesburg
