MinersCoinGlobal MCG

Introduction

In today's world of sharing economy and decentralization, many people are interested in mining as a safe place to invest and earn passively. Consequently, we have envisioned and designed next-generation tools and platforms for cryptocurrency miners without spending any time, configuring and monitoring everything.

We strive to provide the best possible user experience and security to our customers around the globe through continuous development cycles.

What Is Crypto Mining?

Cryptocurrency mining is a process of creating new digital "coins." However, that is as far as simplicity goes. The process of recovering these coins requires solving complex puzzles, validating cryptocurrency transactions on a blockchain network, and adding them to a distributed ledger to locate them.

The Mining Requirements?

A bitcoin miner will first select their tools of the trade and set them up. These include:

1. Hardware GPU (graphics processing unit), SSD for crypto mining, or ASIC (application-specific integrated circuit)
2. Mining software
3. A wallet
4. Preferred mining pool (if one chooses pool mining option instead of solo mining)

Once all these are set up and the system fired up, it performs the mining process autonomously. Any other human involvement comes in the event of system or network failure, power outage, or regular system maintenance.

Mining Pools

Mining pools allow miners to combine their computational resources in order to increase their chances of finding and mining blocks on a blockchain. If a mining pool succeeds, the reward is distributed across the mining pool, in proportion to the amount of resources that each miner contributed to the pool.