Cryptocurrency mining is the process by which cryptocurrency transactions are validated digitally on the cryptocurrency network and added to the blockchain ledger. It is done by solving complex cryptographic hash puzzles to verify blocks of transactions that are updated on the decentralized blockchain ledger. Solving these puzzles requires powerful computing power and sophisticated equipment. In return, miners are rewarded with cryptocurrency , which is then released into circulation hence the name cryptocurrency mining.
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HOW DO I START MINING CRYPTOCURRENCY?
Individuals interested in mining cryptocurrency can own and operate a mining rig or purchase hash rate from a third-party rig, also known as cloud mining. Owning and operating a mining rig comes with the upfront cost of specialized hardware and ongoing operating expenses like electricity. Yet, it offers the most control and profit potential to miners.
By comparison, cloud mining doesn’t require an upfront investment and provides miners with the flexibility to invest what they can afford. In either case, new miners need some form of cryptocurrency mining software to participate.
MAXUSDT Top-Rated CRYPTO MINING
Launching in 2020 and based in Seattle, Washington, USA, MAXusdt is a new initiative looking to provide users with a simple way to cloud mining. According to their official website, MAXusdt was one of the first companies in the world to come up with cloud hosting mining rigs after seven years of mining experience for private clients.
As one of the top-rated mining companies, MAXusdt’s mission is to bring unprecedented possibilities to users interested in TRON mining. As the platform continues to improve its service, they extend its resources and mining experience to users with an even better platform.
The Cloud mining service platform looks to continue to improve and innovate its services to satisfy the broad range of customer demands. Its motivation is to provide its customers with a top-rated service in the industry. Furthermore, it employs AI to generate automatic profit so that users’ digital assets can be effectively utilized and bring them long-term stable income!
MAXusdt Rebates, Incentives, and Affiliate Program
MAXusdt has amazing referral rewards which you have to take advantage of by sharing your referral code to your friend and family, which you can make a huge amount of TRX. This is an alternative way to make yourself a profit. You can earn three types of referral rebate, which is invitation rebate, trading rebate and deposit rebate. The referral rebate below is all based on the first person you invite will be referred as user 1 , if user 1 invites the second person will be user 2 and user 2 invites a person will be user 3.
Invite Rebate:
User 1 complete registration, you’ll get 50 TRX.
User 2 complete registration, you’ll get 20 TRX.
User 3 complete registration, you’ll get 10 TRX.
Trading Rebate:
Based on your down-line mining revenue per time.
User 1 collects 500 TRX daily revenue, you’ll get 50 TRX(10%).
User 2 collects 500 TRX daily revenue, you’ll get 25 TRX(5%).
User 3 collects 500 TRX daily revenue, you’ll get 15 TRX(3%).
Deposit Rebate:
Based on your down-line deposit amount per time.
User 1 deposit 10000 TRX, you’ll get 1200 TRX(12%).
User 2 deposit 10000 TRX, you’ll get 100 TRX(1%).
The basic account profit is based on your VIP level which you can refer to here. The higher the VIP level the higher your income percentages. For the daily revenue the percentage is between 4.0%-12.0% and for the daily withdrawal is between 2.6%-8.0%. The VIP level recharge is based on your total recharge.
VIP 1 RECHARGE(5.00-9999) DAILY REVENUE (4.0%) DAILY WITHDRAWAL (2.6%)
VIP 2 RECHARGE (10000-49999) DAILY REVENUE (5.0%) DAILY WITHDRAWAL (2.8%)
VIP 3 RECHARGE (50000-199999) DAILY REVENUE (6.0%) DAILY WITHDRAWAL (3.2%)
VIP 4 RECHARGE (200000-499999) DAILY REVENUE (7.0%) DAILY WITHDRAWAL (4.0%)
VIP 5 RECHARGE (500000-999999) DAILY REVENUE (8.0%) DAILY WITHDRAWAL (4.5%)
VIP 6 RECHARGE (1000000-2999999) DAILY REVENUE (9.0%) DAILY WITHDRAWAL (5.5%)
VIP 7 RECHARGE (3000000-4999999) DAILY REVENUE (10.0%) DAILY WITHDRAWAL (7.0%)
SVIP RECHARGE (5000000-99999999) DAILY REVENUE (12.0%) DAILY WITHDRAWAL (8.0%)
Conclusion
Since there is a rising interest in crypto mining as the cryptocurrency market matures and gains greater acceptance, cloud mining can be a great alternative to hardware mining. It comes with lower upfront investments and commitments and is considered to be a highly cost-effective option. However, it is important to note that Bitcoin or cryptocurrency mining can take months or even years to turn profitable.
Having advanced technical expertise is also recommended. While cloud mining or even Bitcoin mining may not be for everyone, it is definitely promising and can be immensely rewarding over time.