Introduction to Bitcoin Mining
In a world that is growing more digital by the day, there is innovation everywhere. Innovation has gotten to a lot of different sectors, money and currency is no different as the explosion of cryptocurrencies shows.
Cryptocurrencies are the currency of the future and try as much as people try to resist, it is not going anywhere. Former United States President Donald Trump said, “Our country must be the leader in the field. There is no second place.”
Bitcoin is the foundation and building block from which all other cryptocurrencies have grown. Unless you have not had access to the internet in the last few years, you’ve probably heard of Bitcoin and have an idea of what it is. Bitcoin is the most important cryptocurrency and has been the leading coin since cryptocurrencies got into the mainstream.
There are two ways to own Bitcoin; buy it or mine it. Everyone knows how to buy Bitcoin but not everyone has the necessary finances . 1BTC is approximately $68k and the volatility means that anyone buying and not wanting to lose their investment has to acquire a large amount to be able to survive the upward and downward movements. That is very difficult.
What is Bitcoin Mining?
The other method of acquiring Bitcoin is to mine it. What is Bitcoin mining? This is a method of getting Bitcoin that not many people talk about. It is integral to the functioning and security of the Bitcoin network and without it, the whole system could collapse. Mining is the process by which new Bitcoin enters circulation by confirming transactions on the Bitcoin network.
Bitcoin mining involves miners using extremely powerful computers and special pieces of hardware to solve complicated mathematical problems that validate blocks of transactions before adding them to the blockchain. Put simply, they use computers to solve complex equations that help the Bitcoin network to function. Miners receive new Bitcoin as a reward for completing this operation. As more miners get involved, solving the equations gets more complex, this way there is control over the rate at which new Bitcoin is created and there is greater incentive for fairly distributing the digital currency. To get more information on how Bitcoin mining works, you can check out this great Video.
“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry” – Satoshi Nakamoto. That is a quote from the Bitcoin creator, and with the gain in popularity and value over the years, the person has been proven right.
Getting Started with Epic Mining
How do you get involved in Bitcoin Mining? Epic Mining (EM) is an industry leading cryptocurrency mining platform that provides a technique and solution for individuals to participate in Bitcoin mining. Epic Mining uses a turnkey system to assist individuals mine Bitcoin. With operations based in Dubai, they operate big mining farms all around the world powered by renewable energy.
Getting Started with Bitcoin mining is difficult due to the significant costs involved in the process. You need specialized hardware to solve the complex equations, a reliable power source and some additional equipment to ensure everything runs smoothly. All of these come at a significant cost that discourages individuals from entering this very lucrative business.
Epic Mining’s goal is to make the Bitcoin mining process simple, accessible and most importantly, profitable for users involved. By making use of the great facilities, infrastructure and staff involved, the barriers for entry into mining are removed and the systems in place ensure that payouts go straight to the investors wallet. All that is needed is a monthly maintenance fee for the machines that you can monitor remotely and you’re good to go.
Using Epic Mining for Bitcoin mining activities comes with a lot of benefits. The world’s finance markets are going through a tough time but the company has generated consistent monthly returns ranging from 3-6%. That’s amazing considering all the other factors involved. No matter the period, owning some Bitcoin has always been profitable. Epic Mining as a business in the process of acquiring Bitcoin and efficiency through the use of its pool of large scale operations remains the best step to take to get involved.
Epic MIning is able to purchase top of the line mining machines at amazing prices thanks to years of growing relationships with various operation heads. Combining that with going round the world to identify locations with low electricity costs in the industry, they achieve maximum profitability numbers for their clients.
Why the Crypto Market is Prime for Growth
There is an even greater emphasis on the crypto market now as you can see by this Podcast Episode titled “Why the Crypto Market is About to Go Crazy!” by Mitchell Weijerman, the co-founder of Epic Mining. Major institutions all over the world are turning towards Crypto meaning that adoption of crypto where it wasn’t even imagined before is well and alive. Investors now know that there is a long term role for Bitcoin and cryptocurrencies in the world.
Volatility is a part of cryptocurrency and will always be a part of it; traditional finance houses getting into the analysis of it and growing very confident about the results enough to invest in it are a great indicator that it will be very huge for the future.
According to this Article, while the government of the world’s largest industry has always opposed and regulated cryptocurrency, the United States legislature appears to be showing a new willingness to adopt Cryptocurrencies.
Benefits of Epic Mining
Epic Mining makes it easier than ever to get started with Bitcoin mining. One of the great things about Epic Mining is the emphasis given to complete transparency. A mining dashboard is given to each customer granting them the ability to monitor the performance and revenue of their mining machines. Other important metrics are tracked too such as Hash rates, rewards and electrical efficiency to give customers full satisfaction and control over their machines.
This also calms the users and allays fears about the machines’ functionality. There is no need for speculation or blind trust to be placed when you can see the results right before your eyes. Trust is essential in any business, and this commitment to round the clock transparency sets it apart from other platforms, building trust between customer and company.
Epic Mining’s Turnkey Mining System
Epic Mining uses a Turnkey Mining System. This section explains the technical details of what goes on in that system. A turnkey mining system is one created for its simplicity and ease of use. Using Epic’s turnkey system, all that’s needed is to connect your Bitcoin wallet to the server, pay the monthly energy bills and watch payments roll in. This is a very simplified explanation of what goes on in the best process to make Bitcoin mining accessible to everyone
Steps Involved in the Turnkey Mining System.
- Visit Epic Mining’s Website
Epic Mining makes getting started with Bitcoin mining easier by assisting you acquire the correct equipment and hosting it in the best facilities around the world. The heavy lifting is done by the company.
- Choose an ASIC
ASIC stands for Application Specific Integrated Circuits, which are devices created specially for Bitcoin mining. It is difficult for someone new to Bitcoin mining to make the best choice, but Epic Mining has a team of professionals that will assist you throughout the process to choose the best option based on needs and budget. Some key considerations for this include:
- Brand and Model: The most well known brands that EM works with are Bitmain, MicroBT and Canaan. There are a lot more ASIC manufacturing brands but after years of experience, the team has determined that these three brands offer the highest value and reliability.
- Price: The price of Bitcoin ASIC mining devices is pegged to the Bitcoin market. The dedicated team of experts makes sure that each customer gets the best possible prices for their machines.
- Hashrate and Power Consumption: Hashrate is a metric used to measure the computing power of a device. Another important factor is power consumption. When choosing an ASIC, it is important to strike the best balance that gives you the maximum hashrate and low power consumption.
- Condition and Warranty: There are options available to buy both new and used ASICs. The recommended brands offer new units with a 12 months guarantee. While customers are not usually advised to buy used machines, if that is the case, they are extensively tested to make sure they are in good condition.
- Choose a Mining Facility
Once you have decided on a machine, you will need to ship it out to one of Epic’s mining farms. EM takes pride in the following aspects of its farms:
- Technical staff available: All farms employ qualified specialists to manage and troubleshoot the devices
- Energy Price: All farms are optimized to use the most cost-effective energy available globally.
- Energy Type: All farms use sustainable and renewable energy to minimize environmental impact.
- Onside Repairs: There is no need for frequent transportation of machines because there are onsite staff to handle repairs and any other demands.
- Security: The security measures in place at each farm are extensive to protect the assets.
- Connect to the Mining Pool
After selecting a mining farm and having the device transported to the facility, it is time to connect to the mining pool. Machine transportation usually takes 6-8 weeks depending on the supplier chosen. Once it gets to the facility, the technical staff run tests on it to make sure it is in optimal condition. These tests are routinely cleared, necessary software is then installed on the application and they start mining Bitcoin.
- Monitor and Earn
After connecting to the mining pool, Epic Mining grants you access to a personal dashboard where you can manage all details about your machine so you can monitor 24/7. The dashboard displays real time information on your Bitcoin generation and the hashrate of your machines showing you the important numbers on your process. Now you can sit back, relax and let your machine work for you knowing that Epic handles all technical issues from now on.
As you can see, the process is very seamless and requires very little industry knowledge from you, taking the burden of knowledge from you and still providing you with the best options available. For a video explanation of this, you can check out this Video
Ethiopia: An Optimal Mining Location
Epic Mining recently opened a mining rig in Ethiopia. Ethiopia is an ideal location for a mining farm due to its low-cost, renewable energy, moderate climate that allows for natural cooling of the machines, political stability, great internet connectivity and a pro-business environment as the Ethiopian government seeks to attract investors to the economy.
Customer Spotlight: Kevin Koolmees
Some Epic Mining customers were taken to tour the facilities in Ethiopia; however, not everyone could be taken due to security concerns. With over 80,000 machines and over $500 million in assets, common knowledge of the farm’s location is not a great idea. Kevin Koolmees, a well-known member of the community with 47 machines, was among those chosen for the trip.
In a Recently Recorded Podcast with the Co-founder of Epic Mining Mitchell Weijerman, Kebil Koolmees said, “It was a really professional location with guard towers, a power station, much more impressive and bigger than imagined” On why he chose Bitcoin mining as an investment, “There’s always a new altcoin, but that doesn’t bring as much money, Bitcoin mining is more profitable than buying Bitcoin. It’s a great investment because the numbers make sense”
Mining Farm Virtual Tour
Mining farms are a series of computers joined to a power source solving the mathematical equations.
You can take virtual tours of Epic Mining farms with the following videos:
Customer Testimonials:
Some other customer testimonials:
- Christina Antonia Maria van Giersbergen, NL: “Epic Mining takes over all the hassle regarding shipment, service, security, and installation. Very good helpdesk and support. It is a great company.”
- Cube Solutions, BE: ”After very informative introduction calls, having every question answered by the same contact person, I decided to start my journey with Epic Mining. It does not matter if you are a starter or an expert, everyone is welcome.”
More Customer Reviews can be seen on the website.
Conclusion
Epic Mining is the premium platform for getting involved in Bitcoin mining that guarantees profits. By removing all the barriers, it is open to everyone who wants to make money. Industry standards define excellence in user experience, support staff, and profitability.
If you want to earn passive income in one of the most profitable industries, fill out this Form and a team member will reach out for an initial call to answer any further questions and get you started. Good luck and Happy Mining!