10/22/2017 8:53:33 AM
How to become a Bitcoin Miner
Bitcoin Mining,Crypto Miners,Cryptocurrencies
App Developer Magazine

How to become a Bitcoin Miner

Richard Harris Richard Harris in Blockchain Sunday, October 22, 2017

The entire world of Bitcoin and Cryptocurrency could not exist without Bitcoin Miners. Now anybody can become part of this little known blockbuster investment.

Bitcoin and Cryptocurrency has become an investment phenomenon like never seen before. Early investors in Bitcoin are now millionaires. As the public hears more and more about these crypto opportunities by way of ICO’s, aka Initial Coin Offerings, the concept of crypto mining remains elusive to all but the savvy blockchain enthusiast. All that will change thanks to the launch of 803 Mine’s ICO Token Pre-Sale. When people understand the undeniable value and need for crypto mining, they understand the incredible upside potential it holds for investors, especially early adopters, who will realize a 100% discount right now.

What is Crypto Mining?

With paper currency, a government or central regulatory body decides when to print more currency. Cryptocurrencies do not have a central government. Cryptocurrencies have miners that use powerful hardware and advanced algorithms to solve very complex math problems. When a problem is solved, the miner is rewarded with cryptocurrency coins for the work they provided. This provides an incentive for more people to mine. More miners means a more secure network.

Crypto Miners are people who use powerful computers and advanced programs to calculate hashes repeatedly in an attempt to create a successful block of transactions. If successful, a miner earns the coins created from the block, along with any transaction fees. A block is a record that confirms and secures transactions. The blockchain is a public record of every transaction in chronological order. It is shared among all users and exists to confirm the authenticity of a cryptocurrency and their ownership.

Would you rather own a few gold nuggets or own a share in the mine?

Without a doubt, the launch of 803 Mine creates a new paradigm in cryptocurrency investing. It has already created a tremendous amount of interest by both institutional and private investors, but is open to the general public. This is an unprecedented opportunity to be part of a USA based crypto mining operation that offers everything an informed investor could ask for. All mining proceeds from 803 Mine are deposited into “The Mining Fund”. The Mining Fund is a closed-end fund built on a revenue-sharing Ethereum smart contract. Smart contracts allow token owners to collect 50% of the monthly revenues from the 803 Mine’s production.


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