KERAS DIGITAL MINING
What is Cloud Mining and how does it work?
Your guide to getting started as a Bitcoin Cloud Mining investor
What is Cloud Mining?
Bitcoin cloud mining services involve mining bitcoins by renting mining equipment and purchasing hash rate capacity. Bitcoin Cloud Mining The main advantage of KERAS Mining is that it reduces the overall costs associated with bitcoin mining and allows ordinary people to participate in cryptocurrency cloud mining. Purchase a contract to mine bitcoins (long-term smart use of the company's server cloud digital investment) and enjoy instant cloud mining services.
How do Bitcoin cloud mining transactions work?
In a cloud mining contract, the customer agrees to pay a certain amount of money to a service provider (in this case, Keras Mining) in exchange for the use of cloud computing power generated by a remote encrypted cloud mining centre. Thus allowing the cloud computing power you purchase to help you produce BTC earnings.
1.View and select the cloud mining plan that suits you
2. Deposit the appropriate amount of cryptocurrency into your account
3. Successfully purchase a cloud mining plan
4. Bitcoins generated by the cloud miner are combined into data blocks
5. New BTC blocks are added to your account's existing blockchain
6. BTC earnings are successfully added to your account balance！
Glossary of crypto terms
Bitcoin (BTC)
A type of digital currency in which a record of transactions is maintained, and new units of currency are generated by the computational solution of mathematical problems. Bitcoin operates independently of a central bank. Bitcoin can also refer to a single unit of bitcoin.
Block
A file that contains a “permanent” record of transactions
Blockchain
The blockchain is the technology behind Bitcoin and most other prominent cryptocurrencies. It’s a system in which a record of transactions made in Bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.
The blockchain protocol prevents problems like counterfeiting and debasement from undermining the value of bitcoin without the intervention of a central authority.
Block reward
The amount of BTC awarded or earned for successfully mining or verifying a block
Decentralized Applications (DAPP)
A decentralized application is a computer application that runs on a distributed computing system. DAPPs have been popularized by distributed ledger technologies such as the Ethereum blockchain, where DAPPs are often referred to as smart contracts.
Digital wallets
An online “wallet” in which individuals can store their bitcoin or other cryptocurrencies. Unlike the blockchain, digital wallets are exclusively controlled by their owner. All Bitcoin wallets must follow Bitcoin protocol to send and receive funds within the network. Digital wallets can hold a multitude of assets, whether it be fiat currencies, commodities, or cryptocurrencies.
Hash rate
The measure of a miner’s performance; the number of calculations a miner can perform in one second solving the BTC code.
Hodl
Slang in the cryptocurrency community for holding the cryptocurrency rather than selling it. A person who does this is known as a Hodler.
Merchants
Merchants can be retailers or any other businesses that choose to accept bitcoin as a form of payment. The more merchants that accept bitcoin as a form of payment, the more Bitcoin is legitimized as a currency and means of exchange.
Miners
People or companies that “mine” bitcoin. Miners use cryptographic hash functions to solve a block containing the latest bitcoin transaction data. The miner that solves the block first is rewarded with bitcoin. Miners can add the solved block to the blockchain, enabling the Bitcoin ecosystem to continue functioning.
Mining
A system that adds transactions and provides security to the Bitcoin blockchain; how new bitcoins enter the market.
Traders
Traders buy and sell bitcoin using traditional currencies or other cryptocurrencies. They may trade bitcoin on exchanges, or they may work outside the exchanges as independent brokers. Traders speculate on the likelihood that Bitcoin will go up or down in value in the short term. They buy or sell based on their speculations — and if they are right, they can profit.
