Why is crypto mining important?
Crypto mining is the foundation of the crypto economy where miners with specialised computers are responsible for maintaining the transactions network. In other words, miners provide the infrastructure for crypto payments to happen similar to VISA and MasterCard, but with the difference that everyone can participate in this transactions network as a miner and be rewarded for it.
Who are these miners?
Miners used to be only the geeks among us, but with Mining4us anyone can be a miner now as we have made mining as simple as choosing your mobile phone plan.
Why would I bother to mine?
There are nowadays thousands of applications with transactions (copyright protection, games, privacy transactions, crypto payments, etc…) based on hundreds of different crypto currencies and each one needs a transaction network with miners. Because of this, mining has been profitable, sometimes very profitable, and that’s why you are on this website.
How is the cryptocurrency created?
Each time a transaction occurs in one of the thousands of applications that use cryptocurrencies the miners solve a mathematical puzzle to verify the transaction. The first miner that cracks that puzzle receives a reward in the form of a cryptocurrency.
What do I need to be able to mine?
When you want to mine nowadays, you can either buy certain dedicated hardware and build your ‘mining rig’ at home or you can subscribe to a mining service provider (MSP). A MSP has already built a mining infrastructure for you to make it easier for you.
What is mining as a service?
There are different mining service providers with each offering certain mining services and (parts of) the mining infrastructure enabling you to mine with less effort, nuisance and knowledge. Mining4us offers Mining as a Service where you don’t need anything as we will manage the infrastructure completely and even mine for you and pass the mined cryptocurrencies automatically to you.
How do I know that I am getting exactly what you are mining for me?
There are different independent sources online that you can consult for free to compare us with and see how much we should have minded for you approximately for the hash rates you bought in your plan.
How to determine the most profitable coin?
This is where the fun starts. You can use various independent calculators and other online sources to determine the current most profitable coin to mine. Then simply change in your Mining4us dashboard your service to mine this new profitable coin.