The revolutionary online currency Bitcoin has a limit of only 21 million bitcoins that will ever exist. This was implemented in order to prevent the problem of inflation and debt, similar to what has happened in all other fiat currency systems. Presently, there are just over 12.7 million bitcoins. Mining is the method of computationally generating these bitcoins. A controlled and fixed amount of bitcoins are digitally mined daily.
This process requires intense computing power, electricity, and a significant investment as it solves SHA256 hashes through bruteforce to verify transactions and add them to the network's transaction log. In simpler terms, generating bitcoins means you need very powerful, specialized supercomputers to solve difficult mathematical problems.
With our service, there is no need for a bitcoin mining computer, no need for high electricity bills and also no need for bitcoin mining knowledge. Buying a mining contract takes care of all this for you.
- Emmanuel Abiodun, CEO