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About Us

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Our Story

CRYPTOBITS LLC was founded at the end of 2016 by the team of experts in blockchain programming and IT engineers. As our cryptocurrency mining company and its user base grew, new mining farms were built up and several additional people hired, specifically programmers and engineers.

Philosophy

In today’s environment webmasters are concerted about the reputation of web miners and how it is going to it affect their users. We at CRYPTOBITS are combating exactly that, by building an opt-in solution that asks for your users permission to mine from their CPU in return for services.

Mission

CRYPTOBITS project includes the digital currency, wallet, mining and developer platform where any business or individual with an email address can generate tokens as well as securely and cost-effectively send and receive cryptocurrency payments online. The size of our network and widening acceptance of our product have helped us become one of the leading cryptocurrency networks for web-based mining. We are leading the way in promoting ethical opt-in web-based mining to our publishers which drive traffic and computation power to the network.

Some facts about us

4127 TOTAL MINERS

348490 TOTAL POWER, HP

147 TOTAL PAYOUTS, BTC

121 NEW MINERS JOINED

What is cloud mining

Cloud (or remote) mining – is the process of using hardware power to mine cryptocurrency (such as Bitcoin or Litecoin) remotely. This mining model came to existence due to the fact that the increasing difficulty of mining has made it unprofitable for mining enthusiasts to mine Bitcoins at home.

Cloud mining gives people a unique opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware or technical knowledge. Despite the simplicity of the cloud mining model, it is worth elaborating on a few details, specifically it’s important to highlight that remote mining comes in two forms: hosted or cloud based mining.

 

REMOTE HOSTED MINING

The first form of remote mining is remote hosting. This model suits users with a high level mining experience and know-how and who require a high degree of control over their mining hardware. Under this model, the mining hardware is hosted in a remote datacentre and the user assumes full control over the setup and configuration of the mining hardware. Under this model, the miner pays a fee to the hosting company that would cover maintenance and electricity costs. This helps the miner handle the risks associated with maintenance of the kit as well as any risks with the shipment of the hardware. On the other hand, it presents the miner with risk on the initial hardware investment and requires much more time and technical knowledge to implement successfully.

It can therefore be summarised that the benefits of remote hosted mining are tight control over the mining process, maintenance support and subsequent ownership of the hardware. The big drawbacks are risks associated with the procurement of expensive hardware and the very high cost of entry, both in terms of investment and technical experience.

 

CLOUD MINING

The second, and more accessible model of remote mining is Cloud Mining, whereby a miner purchases a part of the mining power of hardware hosted and owned by a Cloud Mining services provider. The service provider takes on configuring the hardware, maintaining uptime and selecting the most efficient and reliable pools.

This option provides a range of benefits: instant connection (meaning no hardware shipment wait times and delivery risks), fixed maintenance and electricity fees and no nuisances associated with mining at home such as noise, heat or space. Another key point is that this model of cloud mining requires no technical experience. Obviously, it’s very important that miners understand the mining process, however this model doesn’t require hardware expertise or significant configuration / implementation cost. Since customers can purchase any amount of mining power they wish, this means that the level of investment will depend only on the miners’ ambition. This means that the cost of entry and subsequent risk is far lower than in comparison with the remotely hosted model.

CRYPTOBITS LLC is happy to be offering its new cloud mining services range. We guarantee an instant connection, around-the-clock access and monitoring, an easy-to-use management interface, 24/7 uptime as well as daily payouts.

Cloud mining is greatly suited for novice miners who would like to try out mining and earning cryptocurrency as well as seasoned miners who don’t want the hassle or risks of hosted or home-based mining.

One of the best pricing plans over the interenet

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