What is a mining farm?
These machines are compiled on the basis of computer components and designed for mining any cryptocurrency.
Where do the money come from?
In the very essence of crypto currency is the process of generating coins for each specific period of time, which are distributed proportionally between the miners. The miners with their computing power ensure the security of the network, and the network pays for it with cryptocurrency (the process is fully automated and independent of anyone)
Why is one currency expensive and the other cheap?
The value of one coin (Bitcoin, Ethereum, etc.) is determined by the value of the payment system itself (uniqueness, convenience, safety), the period of existence on the market, the volume of investments in projects based on this cryptocurrency, demand and supply on World Stock Exchanges and many other reasons.
How relevant is it to be engaged in mining now?
The number of new users is constantly growing, especially taking into account the investment and technical attractiveness of cryptocurrency. In connection with the increase in the number of transactions, more equipment is needed for their confirmation. Thus, the relevance of this direction will persist with the growth in the number of users and the emergence of new cryptocurrencies.
Who can become an investor?
Any interested person can become an investor. In this process, the most important things are convenience and transparency of investment. Therefore, we have chosen the Waves Platform for our ICO. Today it is not affordable for everyone to assemble their own mining equipment, this requires not only technical knowledge, but also a certain amount of money that is not available to everyone. That is why we announced the beginning of our ICO, where everyone has the opportunity to get tokens and become the owner of a mining farm.
What is the total productivity of your farm?
We plan to install 70 mining machines: 35 ETH generated machines with total capacity of 5.8 GH /s and 35 Zcash generated machines with total capacity of 63 kH /s. The total energy consumption is 65 kW/h. You can see the calculation of cryptocurrency mining at www.coinwarz.com/calculators
How will the change in ETH mining algorithm affect the work of the company?
This will positively affect the work of the company, because the new POS algorithm will need only the power of home PC. Accordingly, we will switch all the released capacity to the production of actual coins such as Zcash, Monero, Decret etc. At the same time, we’ll continue mining ETH using the new algorithm.