Mining

Mining

We are uniting all key aspects of running an efficient cryptocurrency mining operation. From building highly efficient data centers to providing a streamlined mining system for our users.

Bitcoin miners use powerful ASIC computing chips to compete with each other to correctly solve the encryption puzzle.

When a miner or pool of miners are successful, the block is incorporated into the blockchain and the miner receives a reward of 12.5 newly minted Bitcoin, plus any transaction fees.

The Bitcoin network rules state the supply of the Bitcoin reward is halved every 4 years to keep the supply constrained. Next halving is in 2020 (the reward will be 6.25 Bitcoins every 10 minutes).

coinmastersfx plans to use Bitfury BlockBox for its mining activities.

Manufactured by the Bitfury group the BlockBoxes are one of the most powerful and cost effective.

The BlockBoxes are cutting-edge hardware and software and are fully configurable and upgradable to the next generation of technology.