We have a new groundbreaking technology that reduces electricity cost by over 80% compared to miners using the industry standard Antminer S9, that gives you a lower cost and higher profit on your investment. Since we can mine with less power we pass that saving over to our customers, and since we can stay profitable and mine even at lower BTC prices the risk is far lower for us having to shut down our operation. In addition by mining in our pool we pay out 100% of the block reward and fees mined to our customers. That’s right you can mine with 0% pool fees for the entire duration of your contract.
Once mining start you will register your own user account on our mining pages. Here you will define your external cryptocurrency/Bitcoin wallet where you want your mined coins to be transferred to. Be aware that for each transfer to your external wallet there will be a small transaction fee (controlled by the Bitcoin network) so we recommend you only transfer on a weekly or monthly basis or whenever your balance is 1 BTC or higher. otherwise if you have a low hashrate and choose transfers on a daily basis a considerable percentage of your rewards will be deducted as transaction fees. If you have large hashrates then Daily rewards will be of a significant size allowing you to withdraw on a daily basis.
SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA. SHA stands for Secure Hash Algorithm. Cryptographic hash functions are mathematical operations run on digital data; by comparing the computed “hash” (the output from execution of the algorithm) to a known and expected hash value, a person can determine the data’s integrity. A one-way hash can be generated from any piece of data, but the data cannot be generated from the hash.
SHA-256 is used in several different parts of the Bitcoin network:
Mining uses SHA-256 as the Proof of work algorithm.
SHA-256 is used in the creation of bitcoin addresses to improve security and privacy.
Cloud Mining is the process of mining utilizing a remote datacenter with shared processing power often contracted through a Cloud Mining company in our case Evolution is the Cloud mining company.
This type of mining allows users to mine Bitcoins without having to manage their own hardware. Since Cloud Mining is provided as a service and due to Evolutions revolutionary technology we allow all our customers to participate in the upside compared to competing companies using technologically inferior hardware.
Terahash is the unit used to measure speed of the mining hardware mining cryptocurrencies. It is specified in hashes per second. Where one hash is basically one calculation of the Algorithm. 1 MH/s is One Megahash (Million) hashes per second. One GH/s is billion hashes per second or 1000 Megahashes. 1 TH/s is 1 million Megahashes per second. 1 PH/s is 1000 TH/s and so on.
one hash = 1 hash of the cryptocurrency Algorithm. In our case SHA-256 Algorithm.
Kilohash/s = 1.000 hashes calculated per second.
Megahash = 1.000.000
Gigahash = 1.000.000.000
Terahash = 1.000.000.000.000
Petahash = 1.000.000.000.000.000 A single of our miners mines bitcoins at 4 PH/s.
Exahash = 1.000.000.000.000.000.000
Global total for Bitcoin mining at time of writing is approx. 40 EH/s.
Bitcoin is a decentralized digital currency created by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. It does not rely on a central server to process transactions or store funds. There are a maximum of 2,099,999,997,690,000 Bitcoin elements (called Satoshis, the unit has been named in collective homage to the original creator), which are currently most commonly measured in units of 100,000,000 known as BTC. There will only ever be 21 million Bitcoin (BTC) to ever be created.
As of January 2018, it is the most widely used alternative currency, now with the total market cap around 250 billion US dollars.
Bitcoin has no central issuer; instead, the peer-to-peer network regulates Bitcoins, transactions and issuance according to consensus in network software. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoins are issued to various nodes that verify transactions through computing power; it is established that there will be a limited and scheduled release of no more than 21 million BTC worth of coins, which will be fully issued by the year 2140.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted Bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using Bitcoin.
Internationally, Bitcoins can be exchanged and managed through various websites and software along with physical banknotes and coins.[
The amount of bitcoins that 1 TH/s can mine every day depends on many factors.
- Total amount of hashrate in the world.
- Price of bitcoin that drives the total hashrate. (if price is too low and complexitiy too high miners will shut off their hardware and complexity goes down.)
As a general rule of thumb at the current block reward of 12,5 BTC per Block (every 10 Minutes) the entire world can only mine 1800 BTC per 24 hour period. (this number varies a bit as hashrate goes up or down.
You can for instance check out www.whattomine.com choose ASIC and under SHA-256 enter the amount of hashrate in GH so 1 TH would be 1000. Set price and energy to 0 (since our contracts are all inclusive) and you can easily see how many Bitcoins you can produce at any given time. Numbers are in real time and this changes slightly every hour/day/minute.
After buying hashrate with us you simply need to sit down and wait a while.
Mining is expected to start around May 2019.
Once mining starts you will be notified via the email you registered when you placed your order. Make sure you keep this email updated at all times.
You will be notified via email about mining startup and will then be required to register your wallet address (BTC, BCH) or other currencies we will support.
Once this is done sit down and relax and see the bitcoins coming in to your wallet on a regular basis. We will do all the hard work for you.