Speculation and value investing are not always easily distinguished from each other. “The reasonable value investment usually coexists with speculation in a free market, so the former cannot individually happen. The moderate speculation is helpful for boosting the development of the industry. Users are going to become more and more smart. They will never randomly draw a so-called “giants” to act as big bosses or let them settle accounts as before. In contrast, they will more focus on if the project itself is truly has value. It’s a necessary trip before the market step into mature stage”, says from a project funder in cryptocurrency.
Blockchain is the Major Trend and Mining is the Best Way to Involve in the Process of Blockchain
OXTBC was established in 2014 and the CEO, Weicheng. Guo, thinks that currently security control of cryptocurrency and credible consensus system are the key factors to break the barrier of mainstream recognition of cryptocurrency in this industry. Mining (POW: Proof of Work) is the safest consensus system until now. Besides, the CEO of 8BTC(Biggest Forum in China like bitcointalk in the world), Chang Xia also considers that POW is a mathematical problem, meanwhile, the transaction cannot be reversed and the data cannot be tampered. However, the later becomes an issue of humanity, which means that the transaction can be reversed and the data can rollback.
In Terms of Bitcoin Mining, Its Three Functions as below:
1. Issue new bitcoins. Originally there are 21 million bitcoins are designed and all are created by mining. Mining is a process of record-keeping, done through the use of computer processing power by CPU, ASIC or professional GPU miner. When a block of transactions is generated, miners put it through a process, which apply a complex mathematical formula to the information in the block. During confirming process, miners obtain corresponding rewards according to the proportion of proof of work.
2. Maintain the normal payment function of the currency. The normal transaction of bitcoin is secured by hashrate that also can prevent the second payment. In a nutshell, it can prevent cheating. In other words, the key action of mining is not minting, but maintaining. And the producing bitcoin is just the by-product to reward those who contribute to the maintaining of bitcoin financial system.
3. Ensure the system operate safely by mining. Currently the hashrate of the whole internet has reached to 38.33 EH/s. Numerous hashrate maintain the normal operation of the bitcoin system. Only initiating the 51% attack can destroy bitcoin system. However, such numerous hashrate have already formed an unrivalled position.
Cloud mining is the First Choice of Convenant-lite Mining.
Lots of newcomers have misperceptions for the mining that certain hardware, mining environment and knowledge are necessary to mine. However, mining is becoming easy for the mass now with its development and everybody can be a “miner”.
Even if there are different ways to involve in the mining process, the simplest and direct one is to purchase cloud mining contract. Cloud mining is a behavior that platform deploy a number of miners and the hashrate are averagely segmented, then those hashrate are sold out to users by per unit. In short, it is an optimized mining behavior.
Cloud mining possesses many disadvantages. Users don’t need to select mining rigs or concern the mining sites. The noise produced from mining rigs cannot trouble users any more. Users never worry about how to use and maintain the mining rigs neither. All processes have been simplified to one step that is to buy cloud mining contract only and then you can join in mining.
Besides, the bar for users to involve in cloud mining is low. Either the purchasing process or selling price does provide lots of newcomers a chance to try it.
The most important is that the risk of cloud mining mining for newcomers is lower than trading and it can be regarded as the first choice for the entry of stably investment.
Following are the data comparison among the major mainstream platform:
OXTBC: Top Cloud Mining Platform
Since the early of establishment in 2015, the cloud mining platform at the same period almost failed, sold out or escaped. However, OXTBC not only survives but also still normally operates. Depending on the low electricity fee advantages and the professional large-scaled mining farm, it has been providing stable contract profits for users during these consecutive 3 years.
The managed contracts of cloud mining were firstly created in 2017 to ensure the opening and transparency of issuing the profits of hashrate. Users can sign in the official website to check the profits details of each day anytime. Comparing to other platforms, OXTBC provides the low-barrier purchasing channel and the lowest one of bitcoin cloud mining is 1THS (it means that if a mining rig of S9 is segmented into 14 pieces, then users can contribute to 1/14 hashrate.) The lowest of Ethernet computing power is 1MHS so that everybody can get the chance to join in mining to decrease the centralization trend. Moreover, OXTBC has great advantages on selling price, power rate and management charge and still offer more profits room to users by selling at the lowest rate among the whole platforms.
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