The world is rapidly evolving and people are gradually shifting their attention from the physical to the digital, the richest men in the world are those who are involved in the digital space and while you might not have noticed it, everything is going digital and even money is not left out, Digital currencies has been the rage of the moment lately and the first and most prominent of them all is Bitcoin.
When Bitcoin were invented in 2009 by Satoshi Nakamoto, nobody knew that it would eventually grow to be what it is today, from being worth almost nothing, it's price reached an ATH of about $20,000 and presently, each Bitcoin is worth over $10,000 and is predicted to be worth 5x that amount in the future because of it's limited and low supply and this has made many investors (both institutional and private) pick high interest in Bitcoin and Cryptocurrencies in General.
There are only numerous ways to obtain Cryptocurrencies and two of the most popular methods are Buying and Mining, the problems associated with buying is quite simple... It's expensive, it's not everybody that could easily afford $10,000 to buy a bitcoin and this is why many people tend to gravitate towards mining but mining bitcoin has it's own set of problems as well.
CHALLENGES OF MINING BITCOIN
EXPENSIVE EQUIPMENT: Mining bitcoin requires specialised equipment with does not come cheap at all, as more bitcoin are mined, the higher the difficulty in mining and the more sophisticated the equipment would be needed to successfully turn out a profit in Mining, most people simply can't afford this equipment especially those that aim to do it in a large scale.
HIGH COST OF ELECTRICITY: It is estimated that 70% to 80% of South Korean miners shut down operation in 2018 with some of them going as far as filing for bankruptcy, Additionally, according to a 2018 study, it was calculated that Bitcoin mining consumes a whooping 0.5% of the world's supply of electricity, infact it is estimated that the amount of electricity required to validate a single bitcoin transaction equals to a month's supply of electricity in an average home. Now you get the picture of the amount of electricity required to mine Bitcoin and other Cryptocurrencies?
COOLING EQUIPMENT: The bitcoin mining rigs requires a dedicated cooling system as well, this also adds to the cost of both electricity and overhead costs, these cooling systems are quite expensive to purchase and maintain and they require huge amounts of electricity to function.
THE SOLUTION
Where there is a problem, there is always a revolutionary mind that is set upon solving that problem and in the case of bitcoin mining, this is no exception, today I want to introduce you to the solution to Bitcoin mining issues, have you always aspired to mine Bitcoin from the comfort of your home without having to buy expensive equipment or having to pay exorbitant electricity fees? Are you a small investor that has limited funds but still want to mine Cryptocurrencies along with the pros? Are you a Bitcoin Enthusiast who knows nothing about how to set up a mining rig or lacks any technical knowledge about bitcoin mining but still wants to mine? Then I have good news for you, there is a Bitcoin Mining company based in Siberia that aims to solve this problem, the name is HASHMART.
Hashmart is a company that offers affordable bitcoin contracts from data centers in Siberia, because of how relatively cheap electricity is in Siberia, it is very cheap to mine Bitcoin in Siberia, combined with the fact that it's a very cold country, there is no need for any additional cooling system for the mining rigs and this further reduces the cost of mining, Hashmart is basically a platform that connects prospective Bitcoin miners to data centers with affordable bitcoin contracts, you do not need to buy any expensive rigs or pay for electricity or cooling systems to mine via Hashmart, Watch the video below to learn more about Hashmart.
FEATURES OF HASHMART
- AFFORDABLE BITCOIN MINING: Just like I mentioned above, you do not have to purchase expensive mining equipment or invest in a cooling system or even pay high electricity rate, all these has been taken care of in Siberia, all you need to do is purchase a Bitcoin mining contract that suits you and start mining Bitcoin from the comfort of your home, there are various plans that Hashmart offers but the most popular is the open ended Bitcoin contract which features 300 Gh/s and has a starting cost of just $29.40, this amount is less than what you would pay for a pair of jeans.
- DEMO ACCOUNT: Hashmart gives everyone an opportunity to test the platform with a demo account and you can actually see how the platform works before investing in it, this ensures that even those with no technical knowledge about bitcoin mining would be able to partake in the platform as well.
WHY YOU SHOULD CHOOSE HASHMART
With my explanations above that has been backed up by extensive research, it should be quite obvious that I believe that Hashmart is the future of Cryptocurrency mining because unlike the personal mining method where bitcoin mining is restricted to just the rich, Hashmart introduces a system where everybody can participate in Bitcoin Cryptocurrency mining irrespective of the size of their pockets.
Additionally, looking back at the history of Bitcoin price, you will notice that bitcoin investments are one of the best investments you could possibly make in this day and age considering the fact that the price of bitcoin is expected to keep increasing as the days goes by and those holding bitcoin would still become a very exclusive club, Hashmart gives everyone the opportunity to not just be involved in the mining of bitcoin, but to also be a bitcoin investor with very little starting capital.
Hashmart would also be introducing Ethereum mining very soon and this is something to look forward to because while Bitcoin is the first Cryptocurrency in the CoinMarketCap, Ethereum is the second and is widely used by people worldwide, let's keep our fingers crossed and see how we can benefit from that too.
I have always been a huge fan of research and this is why I have added some neccessary links below that would enable you make your research about Hashmart, additional you can simply test the platform with a demo account to see how it works, this should take you less than 10 seconds to set-up, check out the links below:
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Bitcointalk Address: 1PR8GRSg4U6yAUQ6Hmr3ftiEbP1E7HW5TG