EGold - Enjoy Mining In The Metaverse Without The Hassle Of Buying, Storing, Running And Maintaining Mining Machines In The Physical World

in crypto •  2 years ago  (edited)

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ANFT - Algorithm NFT mining for buy EGold Miner

The majority of the world has heard of Cryptokitties, and NFTs, but not all of them know what they are. The most common perception is that they are images such as bored ape or crypto punk. Although this is true but it does not tell us that NFT technology can be utilized for much more then just simply representing images.

NFTs are older than you think. NFT stands for “non-fungible token”, a type of digital token that represents ownership of an item. NFTs have been around since 2014 when the concept was first introduced on the Ethereum blockchain.

Non-fungible tokens (NFTs) have become a new asset class in the art market. NFTs are different from traditional artwork in that they’re unique and non-interchangeable, making them more desirable for collectors, and investors alike.

ANFTs (Art NFTs) are a new asset class that is expected to rise steadily in value over the next few years. The ANFT market is extremely volatile right now, so buyers should assume some risk by investing in them—but if you do your research, and buy wisely, you could earn a lot of money.

This logic creates demand and reduces supply. That’s why you all believe this solution can maintain egold price very well. As probably it’s the most scarcity asset in the world behind this unique egold ANFT solution. You may now mine in the Metaverse without having to store, operate, or maintain any actual mining hardware.

About EGold Miner

EGold is world's first mining ecosystem built on the metaverse. EGold itself are key attributes of a miner. More EGold means more share of the mining an individual miner can hold. All mining EGold bought and staked by all miners is combined into one pool based on which mining difficulty is discovered.

When you register for EGOLD using the EGold DApps, you need to deposit a certain amount of BUSD into your WEB3 wallet in order to qualify for a miner purchase. You will also need to have at least 5 USD worth of BNB within your Web3 wallet in order to use that particular miner. This is where the gas fees come into play—you will pay a small amount of BNB and BUSD to have that transaction go through, which goes towards supporting the network.

This affordable model is perfect for those who want to get started with a minimum buy-in, but still get the benefits of Gold Miner ownership. The G1 contains 20 Meta Hashes, which are guaranteed to mine at least 10% of their lifetime output during their first month of operation.

With 50% of the mined Meta being credited to the owner's account, this means that at least 5% can be claimed by the owner each month as Meta Fuel. In addition, an owner can claim 5% of the output if they wish to sell it on the open market.

This model has a 5% deprecation rate per claim, which will increase by 1% each time it is claimed and will reset after a month of non-use. Finally, there is a 1% Warehouse Tax on each claim, which will be added to Gold Miner bottom line but can be avoided by storing your miner in your storage unit for as long as you want.

What You Should Know About EGolds In Virtual Mining Machines?

EGold miners are virtual mining machines that are designed to mine egold in the metaverse. The unique thing about egold miners is that they are connected to each other via the blockchain, so they can communicate with one another and share their hashing power. This makes it possible for you to use multiple miners at once, which will increase your chances of finding more blocks!

Hash power is measured in hashes per second, which tells you how many times your computer can continue computing the same algorithm per second.

Mining works in a way that the user's computer (miner) processes transactions in the blockchain to confirm its validity. The miner who first solves this puzzle will send a signal to the rest of the network, notifying them of its solution. As a result, other miners will accept it and begin working on the next transaction block. Once confirmed by the next block, it will be added to the blockchain.

Service of EGold Miner

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How To Start EGold Miner – An Easy Guide

To start mining the EGold coins, you need to download the Dapp Wallet app or extension, like the browser extension. The Chain Network will have to be switched to Binance Smart Chain (BNC)

After you switch over to BNC, you will have to transfer your BNB tokens as well as your BUSD tokens into your wallet. If you do not have these tokens, you can buy them on Binance or other exchanges. Once they are transferred into your wallet, you will receive an invitation code.

Once you receive this invitation code, go ahead, and log back into the Dapp Wallet app or extension with your credentials and enter the code in order to unlock some free funds on your account.

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The project also allows users to loan and borrow gold, store gold in their Egold wallet, and participate in an eGold staking program. It's a project that has the potential to expand further into the retail market, which is why its tokens have been gaining in popularity.

Conclusion

EGold Miner is the main source for virtual world transactions and it exists in separate entity known as the EGold miners. These miners are designed on the lines of physical miners and operate on similar principle to the real life miners.

In EGold ecosystem, acquisition of more EGold means you have the right to extract more resources. In other words, it is a measure of your right to mine. To be able to gain more EGold and build your status in the economy and be able to mine faster, you need a lot of hash power.

For more information, plese visit official, and join on social media for update below:

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Visit EGold Website: https://www.egold.farm/
Twitter: https://twitter.com/egold_farm
Join on Telegram Group: https://t.me/egold_farm
Youtube: https://www.youtube.com/channel/UCuhuZAqM5P3V9NVMpBwDY0Q

Author Information

Username: Robho Picha
Profile Link URL: https://bitcointalk.org/index.php?action=profile;u=3429270**
BEP-20 Wallet Address: 0xaaFD120a64a377333C9909F943a9f4A6489FD0C2

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