Mining

I am sure you have heard about it by now….

Mining for bitcoin and other crypto currencies is big business these days but don’t worry!

It’s NOT too late to take advantage of this space age technology than can be extremely profitable…

 

The images on the internet show bitcoin mining in a form reminiscent of the old gold rush miners, pickaxes digging out the gold. The actual mining is not quite like that and it changes over time.

Bitcoin miners are a special necessity in the bitcoin network. When a bitcoin is spent, a transaction occurs. Your transaction is verified by checking back through the transactions to ensure that you have the bitcoin available to spend. Your wallet synchronizes with the network to make sure that it is up-to-date and accurately reflects the amount of bitcoin you have available.

When the transaction is created, it floats into the network and is considered an unconfirmed transaction because it has not yet been allocated to a block on the blockchain. The blockchain is a public ledger and every transaction has to be verified and placed into a block.

Mining is the process of verifying each transaction. It is important that transactions are added in order. Otherwise, an unscrupulous person could send bitcoin to one person and then immediately send another payment. Unless there is a way to verify which came first, chaos could ensue. Sellers would not trust the system if their incoming fund transaction ever failed.

When miners verify the transaction, new bitcoins are created and the successful miner who created the block and adds it to the block chain is rewarded with bitcoin. This is called the block reward. In the beginning, that is in 2009, the reward was 50 bitcoins for each block. When 210,000 blocks have been mined, the reward is halved. By 2017, the reward has halved twice so it is now 12.5 bitcoins.

The formula was set out in the bitcoin protocol when Satoshi Nakamoto determined that the bitcoin would max out at 21 million coins. By cutting the number of bitcoins in half every four years, it would cut down on the bitcoin supply. At least, he thought it would take 4 years to generate 210,000 blocks.

Miners still solve blocks but the reward is smaller. The next reduction in the block reward will bring it down to 6.25 bitcoins per block. The four-year duration was based the approximate amount of time it takes to mine 210,000 blocks. The move toward the total 21 million bitcoins is moving faster than anticipated.

Sounds easy? It involves solving a mathematical puzzle as the miner first has to identify the block and link it to the previous block. The puzzles increases in difficulty every 2016 blocks. This works out to be roughly every two weeks.

The mathematical puzzle is a cryptographic puzzle and involves in hashing the transactions. A miner takes transactions and applies a hashing algorithm. Bitcoin’s proof of work algorithm is SHA-256.

When mining started, people could use their home computers to mine bitcoin. As the number of bitcoin transactions grew, more power was needed. A computer with a more powerful graphics processing unit or card was needed for mining. By 2013, the Application-Specific Integrated Circuit (ASIC) was developed specifically for bitcoin mining.

The hash rate refers to the number of attempts involved in solving the cryptographic puzzle. Hash rates are measured in TH/s measurements. TH/s refers to one trillion hashes per second. Finding new blocks will be more challenging all the time but bitcoin cloud mining pools continue to attract miners.
A dedicated mining operation runs on banks of specialized computer hardware and electricity cost is astronomical.

As it becomes more difficult to generate bitcoin currency, mining is becoming less profitable. As well as the difficulty of hashing and the demand for more and faster bitcoin mining hardware and more mining power, there are diminishing returns for each block reward. In the future, will there be fewer miners as bitcoin mining profitability declines?

 

These are the mining programs that I use and enjoy myself. They all have affiliate programs so make sure that you plug all your info into the ViralStacking.com downline builder so you can start earning even more!

 

CryptoTab


Try the new CryptoTab browser featuring a built-in mining algorithm and achieve up to eight times faster speed compared to Google Chrome. Lightweight, fast, and ready to mine! Make sure you are signed up to this one first!

We use a very specific process for Viral stacking and the first part of the puzzle is called Cryptotab. This is a browser extention (or you can download their entire browser to really speed things up) that will mine cryptocurrency for you while you surf any webpages you want and it will pay you in Bitcoin. You will not make very much doing this but it is really really easy and extremely passive. There is literally nothing to do except have a browser tab open while you do any other surfing that you would normally do online. That’s it. That is how simple Cryptotab is. In order to preserve downline integrity, you can click on your sponsors link for cryptotab by going to the downline builder HERE.

 

Now you probably saw me just say that Cryptotab will not earn you very much at all and that is completely true. However, it CAN earn you a lot if you have a bunch of referrals all doing the same thing. Nobody you recruit would ever have to spend money on anything for your daily earnings to increase substantially and in some cases exponentially! I am going to show you the most efficient way to do this with absolutely ZERO money out of pocket! The first step to getting more referrals for Cryptotab is advertising your affiliate link for Cryptotab. While I CAN and WILL show you some free ways to do exactly just that, we also want to include paid marketing in our efforts as well. Thankfully, doing paid advertising doesn’t have to be super expensive.

 

 

And it will indeed NOT cost you anything out of pocket if you start earning just a little bit of free crypto to fund your advertising budgets. It wouldn’t take much crypto at all in order to buy enough traffic to start getting more referrals in Cryptotab. In fact, it would take so little, you can earn enough to get started just by using the sites I will show you on the following pages!

 

Ember Fund

Our next app on the list is extremely passive. All you have to do is log in once a day to the Ember app and click the mine button and you will make at least 5 satoshi/hour for the next 24 hours. It may not pay a super large amount but it’s one of those methods that can climb the profitability ladder super darn quick with only just a handful of devoted referrals. I suggest you start using this one right away and tell your family and friends about it pronto.

 

Bitcoin Mania Game

Now this technically is not ACTUAL mining. This is a mining simulation GAME. However, this game can and will pay you out in ACTUAL Bitcoin if you play your cards right. Once you sign up for an account either in the downline builder or clicking on the banner above, you will give you free access to FIVE different miners for absolutely FREE! One miner for each of five different crypto coins. This includes, BTC, ETH, DOGE, LTC and USDT. Each day you can go in and claim free crypto from each of these five free miners and use those earnings to purchase bigger and better paid miners within the game. I would not put a lot of your own money into this game. Simply be patient and use earnings from your free miners to level up or use withdraws you are already getting from other passive programs in order to fund it. I would never recommend using any crypto out of your own pocket so to speak with this one. But, being that you can claim from 5 different free miners all in one place and earn  your way to better paid miners, I think it is a site well worth including in your own personal crypto producing arsonal.

 

These are all the mining programs and software that I like and use on a regular basis. They don’t bring in a huge income by themselves but when you add them up each month, it can be a bit more substantial. This is multiplied even more when you are able to get a decent amount of referrals into each program. This is where Viral Stacking comes in. We will build your referrals and downlines in all these programs and more by using our funnel system. You just have to make sure you have all your info plugged into the downline builder and share your Viral Stacking affiliate link as much and often as possible. Right now, in my own personal strategy, I am using all my withdraws from these paticular mining programs to add into my paid traffic budget. This helps me bring more referrals into Viral Stacking and because of that, I end up with affiliate in tons of cryptocurrency related programs and platforms.

 

 

 

Dan Watson and Arkham Industries provide an informational service only and are not responsible for any investments made applying this information. The results described are not typical and are not guarantees of future income. Any investment contains risk and is 100% the responsibility of the investor to assess the risks/rewards involved. It is possible to lose some or all of your investment. We assume no liability assumed or implied for your application of the information shared from the training programs.

I am not a financial advisor and for that reason, nothing I say or write should be taken as financial advice. This information is for informational and entertainment purposes only. I am not the owner of any of the programs mentioned on this website. I am also not connected to the presented websites in any way, shape or form. There is risk involved in trading, mining, lending, staking and investing in cryptocurrency. So any previous payments made by any website or an investment fund do not guarantee that payments will be steady and regular in the future. I am not responsible if a website does not pay out or shut down at anytime. So Join at your own risk. This information is created as per my personal experience. I do not take any responsibility for any losses that may occur. I do not give any financial advise.

Earnings and Income Disclaimer. We make every effort to ensure that we accurately represent these products and services and their potential for income. Earning and Income statements made by its’ customers and/or I are only estimates of what we think you can possibly earn. There is no guarantee that you will make these levels of income and you accept the risk that the earnings and income statements differ by individual. As with any business, your results may vary, and will be based on your individual capacity, business experience, expertise, and level of desire.