It’s a tale of two Bitcoins as active miners reap the benefits, while others remain completely offline. Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows. According to figures from monitoring resource Blockchain.com, daily revenues have surged by over 50%. “Interesting dynamic” hits Bitcoin
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The Mining Problem
Several years ago, bitcoin mining was considered new and highly technical. The practice of mining was reserved for the few who had the resources and expertise to mine bitcoin. Along with that came the emergence of cloud mining, which enabled investors to purchase hashpower from a mining company such as Genesis Mining.
The problem with cloud mining was that the cost per terahash (or unit of power) was usually high and the contract had an expiration date that was significantly less than the life of the miner itself. This left the investor paying a much higher price for their mining contract, which it turn decreased profitability. On top of that, cloud mining companies usually charge hefty ‘maintenance fees’ which further hampered profitability for investors.
The Elevate Solution
For the most part, mining farms have remained private ventures, with only a select few investors able to access the opportunity. With our platform, we provide a solution that does not put the individual investor at a disadvantage- like cloud mining does. We have essentially made professional bitcoin mining available to passive income investors who do not have the resources or expertise to mine bitcoin on a commercial scale. Without our facility (and our low power cost), engineers, and access to manufacturers, an individual who wants to mine bitcoin would find it very difficult to do so profitably. Hence, the term “Mining As A Service”. When you work with us, you own your miners and we manage them for you. There is no termination period to your investment, we mine bitcoin for the life of the miner, which can last 3 years or more- whereas most cloud mining contracts only last 18 months. Moreover, our income is derived from our flat management fee- which is 20% of profits. This provides the investor with transparency and also aligns our interests with yours. We want you to be as profitable as possible. Our customers range from hobbyists who own 1-2 miners, all the way to professionals who own over 100 miners. Size does not matter, making the opportunity available does.
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The Golden Age of Mining
Over the last few weeks, the bitcoin mining landscape has changed dramatically. Firstly, China has acted on it’s policy to shut down all bitcoin mining farms in China.China was the largest contributor to bitcoin’s hashrate, as a result of this policy change, we have seen a drastic reduction in bitcoin’s difficulty rate. This means that the miners who are mining the network receive larger block rewards. Hence, the profitability for bitcoin mining has gone up significantly. While it is impossible to predict the future, we can be confident that with a potential bull run in bitcoin, even further increases in mining profitability await us ahead. Hence, a golden age…
Elevate Group provides the most transparent and fair cost structure for our clients. We pass on our cost of power with no markups or hidden maintenance fees. Each miner is charged a flat 20% management fee, similar to a hedge fund performance fee, and the balance (80%) is distributed to your mining wallet. Profit distributions are done daily (except for weekends). Our farm is licensed and fully compliant and bitcoin mining is legal in Russia.
Registration is free and all you need is your email. Once you have an account, you can choose your miner(s) and continue to purchase.
After your register, you will see our Equipment Purchase Agreement. You own your miner and can have it shipped to you at any time (the cost of shipping is yours). Payment for miners is in USDT.
Once your miners are installed, you will see them operating on your dashboard. You can monitor your miners 24/7, including your hashrate and your profits. Profits can be accessed directly from your dashboard where you have a mining wallet. Simply withdraw your mined btc to any wallet of your choice.
How it Works?
Bitcoin Mining Blog
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its
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Your Mining Dashboard
In late 2019 we realized that one of the problems plaguing our industry was transparency in mining. We set out to solve that problem by creating a dashboard interface where customers could see their miners live. This showed them their uptime along with their terahash and exact profitability. Also, because our fee structure is simple, there is nothing hidden or extra for you to calculate. You simply take your total mining rewards, deduct the cost of power and that is it. We take our management fee (20%) after the cost of power has been paid, thereby maximizing your earnings.