Mining facilities consist of state-of-the art mining devices working with the principle of efficiency. These devices are renewed and maintained regularly. While the efficiency of the hash power is maximized with the performance tests performed by the engineers, the number of devices is constantly increased in order to have a competitive power for the blockchain network.
As per company policy, owned facilities host not only mining but also research and project development. Multimine, which aims to gather experts from all over the world with the studies in the field of crypto, provides funding and live application opportunities for the researches. The work done so far has provided concrete benefits to the company in terms of performance and efficiency.
Multimine mining facilities support the use of renewable energy sources. By the summer of 2020, an average of 74% of the total energy used is from renewable energy. In this way, a sustainable and scalable organizational structure was aimed and mining expenses were considered significantly. Of course, as this will increase the installation costs of the facilities, the active use of environmentally friendly resources has been realized through agreements and collaborations with energy providers. While the most frequently used sources are solar, wind and hydroelectricity, new alternatives and sources promoted by the authorities are also being studied. As a future goal for sustainability, Multimine aims to use 100% renewable energy in its facilities by 2023.
Multimine has mining facilities in over 7 countries. Many factors are taken into consideration in the choice of facility location. The aim here is to maintain profitability and investment security, improve performance and create the most ideal conditions for mining. Almost all Multimine facilities are located in cold climates. In this way, it is aimed to reduce cooling costs and increase device performance. In addition, it was emphasized that legal regulations in the mining regions are convenient, states' have positive or moderate approach to crypto assets and there are no restrictions on crypto supply. In order to prevent mining from harming the natural and social life, Multimine chooses to work with local companies in project design processes & take continious consultancy to improve regional adaption.
Energy costs are another criterion for facility locations. As mentioned in the previous section, 74% of the energy need of Multimine facilities is met by environmentally friendly renewable energy sources. Regardless of whether it is renewable or not, the low cost of the energy used is very effective on the profit obtained from mining and therefore in the location selection. Mining facilities are clustered in various parts of the world. This positioning in close proximity provides convenience in device and material shipment, facilitates the transfer of information and increases the speed of implementation of innovations. These areas suitable for mining are also attractive regions for Multimine. If other countries create suitable conditions, new facilities will be opened in these regions as well.
CRYPTOCURRENCY MINING WORKING PROCESS
Cryptocurrency mining acts as a verification mechanism in decentralized blockchain networks. Processing the approved transactions into the chain may be possible with the hash power that miners have. Miners, who receive a commission fee for every transaction they perform, can charge more commission when network traffic increases. If the number of miners in the network increases, miners who want to stand out from the competition will need to have a higher hash power by upgrading their devices, which is costly and requires technical knowledge.
BlockchaӀn networks offer theӀr own unӀque qualӀtӀes proposӀng dӀstӀnctӀve value propositions such as transparency, prӀvacy, speed or cost. What Ӏs common to all these structures, whӀch have dӀfferent algorӀthms and network structure, Ӏs the foundatӀon they rely on Ӏn order to functӀon properly. Each network should be allowӀng value transfer between peers by storӀng the ӀnformatӀon Ӏn a regular network structure, preventӀng Ӏnterference wӀth the network and possӀble vӀctӀmӀzatӀon, verӀfyӀng the transmӀssӀons and sharӀng them correctly wӀth the partӀcӀpants.
Although these operatӀons seem very easy for the centralӀzed networks that we are used to, mӀners are necessary for all these operatӀons to take place wӀthout an authorӀty Ӏn the envӀronment. WӀth thӀs need Ӏn decentralӀzed networks, the number of mӀners has Ӏncreased sӀgnӀfӀcantly Ӏn recent years and the concept of mӀnӀng Ӏs clustered around pools around the globe wӀth hӀgh hash power. Crypto mӀnӀng today faces many problems and hӀgh competӀtӀon. In the next sectӀon, we wӀll address thee paӀns & challenges.
MULTIMINE BENEFIT
Multimine cloud mining platform has been developed for individual and corporate users who want to perform cryptocurrency mining in a fast, safe and easy way. The platform, which offers an accessible mining experience, works on the principle that the user buys the hash power generated in the Multimine mining facilities for a certain period of time and is rewarded daily from the mining activities performed with this hash power. In this way, the user can track their mining performance on the cloud, store the coins they earn in their wallet, calculate the Instant return estimate, or perform more than one mining activity at the same time. The operational activities required in each of these processes are carried out by the Multimine expert team.
With the Multimine platform, users can; Start mining instantly by getting one of the offered mining contracts, Perform multiple mining activities at the same time and monitor the mining performance instantly, Store their mining rewards in their Multimine wallets and withdraw coins to their personal wallets whenever they wish, Calculate the mining return estimate with current market values and allocate their hash power between coins with the same algorithm. Reach out the latest industry insights, quality content & researches offered by Multimine team.
Multimine Cloud Mining Services enables users to mine with the help of the cloud platform without facing the physical difficulties of crypto mining and to obtain their mining revenues securely on a daily basis. Mining operation is carried out at Multimine mining facilities. These facilities consist of state-of-the-art GPU and ASIC devices, cooling systems, research centers and experts in the field of crypto, which are regularly maintained and renewed.
Note: You can withdraw on a daily basis, check my ethereum address below for proof of withdrawal
0xdCfB2026Da9a18B6B099F60223643AA23c115D03
https://multimine.io/?ref=abd202020
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