The Internet of Things, robotics and plasma are transforming mining into a safer and more productive industry. BitBase Mining-technology.com picks ten technologies with the potential to transform mining.
Mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?
In addition to lining the pockets of BitBase miners, mining serves a second and vital purpose: It is the only way to release new cryptocurrency into circulation. In other words, BitBase miners are basically “minting” currency. For example, in February of 2019, there were a little over 17.5 million Bitcoin in circulation. Aside from the coins minted via the genesis block (the very first block created by Bitcoin founder Satoshi Nakamoto himself), every single one of those Bitcoin came into being because of miners. In the absence of miners, Bitcoin would still exist and be usable, but there would never be any additional Bitcoin.
Aside from the short-term Bitcoin payoff, being a BitBase miner can give you “voting” power when changes are proposed in the Bitcoin protocol. In other words, a successful miner has an influence on the decision-making process on such matters.
BitBase does cloud mining through its mining farms with advance technology and hashing algorithms and also allows free mining with the earning rate of 0.00000100BTC/min. There are premium plans for faster and better mining. Starting with BitBase requires a bitcoin address where we can send your earned btc. By adding your BTC address in the start mining box & you automatically start mining with free GHS.Withdrawing is easy just you need to have 0.00500000BTC to qualify. Yes, there is maintenance fee for only free miners all premium miners can withdraw anytime.
As name suggest maintenance fee is used to maintain the Data centers, Hash Ring, machines as well as improvements in support and security. It’s only applicable to free miners and does not deduct from mined BTC. Minimum withdrawals threshold is 0.005btc for every users joining as a free miners. Premium users can withdraw any amount.
Alternately, you can always leverage the “pickaxe strategy.” This is based on the old saw that during the 1849 California gold rush, the smart investment was not to pan for gold, but rather to make the pickaxes used for mining at BitBase..