Industry Expert Blogs

We have all seen the hype about Bitcoin which has been dominating the news over the past 12 months and even though there have been various peaks and troughs in the main currencies the interest form experts and members of the public alike, remains strong. This continued fascination has lead to the emergence of companies who are specializing more accessible, cost effective crypto mining machines which for their size and relative cost are highly efficient and functional. These have replaced the humble laptop or home computer as the main tool of the trade.

China remains a centre-point for this surge in what is effectively “Hobby Mining” due in part to the availability of cheap electricity in the country. Participants use specialist software to solve complicated mathematical problems in order to process the crypto currency transactions. They are then rewarded for carrying out this complex process with a percentage of the currency whether it be Bitcoin, Litecoin, Ethereum or another of the most popular virtual currencies. Everyday new miners are joining this growing scene to try and claim their share.

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