Everyone knows that cryptocurrencies have become one of the most profitable investment opportunities these days. In the crypto-verse, there are various ways to make profits and Crypto mining is one of the most popular and reliable ones.
The mining process was originated in 2009 by the anonymous founder of bitcoin, Satoshi Nakamoto. Transactions occur in 1 megabyte (MB) blocks, and depending on how much information is contained within a transaction, 1 MB may contain as little as one transaction, or several thousand transactions.
Miners earn cryptocurrency by verifying transactions (buying and selling) of the same cryptocurrency on the blockchain (electronic ledger). Once miners are sure that the same coin has not been bought or sold twice, they can complete a “transaction block”.
However, in the presence of thousands of cryptocurrencies, choosing a good platform and cryptocurrency to start with is not that easy, and this is where Xcavator dives in.
Meet Xcavator
Mining the right cryptocurrency at the right time is the key to earning good money. But as stated above, mining is not that easy. Xcavator is solving this by creating a robust ecosystem.
We will bring people from different walks of life into the exciting world of cryptocurrencies. For those who were reading success stories of making money with cryptocurrency until now, but were not finding the right way and platform to enter, Xcavator is the perfect solution.
Existing problems which Xcavator is solving
Here we are listing down some of the major problems that the current miners and this industry is facing and trying to find proper solutions for the same:
- Access to Hardware
- Access to Energy
- Access to Capital
- Access to Suitable Location
Xcavator is offering the access
Xcavator gives people access to crypto mining hashing power in smaller units. XCA, which is the utility token of this project, will represent the crypto mining hashing power. The combination of robust solutions, services, and the XCA token will bring a wide audience from multiple sectors to hold and experience the revolutionized way of crypto-mining.
Additionally, there will be continuous research performed, to keep everything affordable and profitable, in search of countries that offer cheaper electricity, ease of working, and a harmonious environment for crypto mining. Based on several factors, mining farm locations will be selected for future expansion.
We will have our farms initially at 2 locations which will be generating Crypto Mining Hash Power for the most profitable POW cryptocurrencies and the 50% of the revenue generated will be used to purchase our own token from the market for burning and another 50% for expansion of our mining farms.
According to the plan, we will initially have our farms in 2 locations that will generate crypto mining hash power for the most profitable POW cryptocurrencies and use the generated revenue to buy our own token from the market to burn it so our mining farm can be expended.
Xcavator is the revolution this industry has been looking for for years. We will update our official website regularly with all the activities regarding our expansion, current mining farm capacity, and token burning details to keep you up-to-date with the progress we are making.