MVU Cloud Mining: Mining 4.0 Era
The MVU cloud mining (mvu.com) has a global deployment of mining farms around the world, and has invested in several large-scale mines and IDC computer rooms in Asia. The main hashrate is mainly distributed in power resources Sichuan/Yunnan/Xinjiang/Inner Mongolia in China, as well as Kazakhstan/Russia.
The goal of MVU is to make cloud mining not only to cryptocurrency enthusiasts, but also for ordinary users. MVU greatly reduces the input cost of cryptocurrency miners through the method of sharing miner hashrate. There is no need to purchase expensive equipment, and there is no need to waste time for setup and maintenance, so that everyone can participate in cryptocurrency mining.
The MVU cloud mining is one of the best cloud mining platforms, and if we want to seize the opportunity of mining 4.0, you can choose this platform.
Generally speaking, mvu cloud mining has three advantages:
First, cloud mining greatly reduces the barriers to entry for mining. If you think about it, in the past, the owners of high mines had to spend a huge amount of investment before mining. These expenses will be spent on renting land, building factories, buying mining machines, operation and maintenance management, etc. This is too high an investment threshold for ordinary people. But with cloud mining, most people no longer need to spend money on infrastructure.
Second, it can keep ordinary investors away from the pit where the mine is built. Choosing cloud mining, we no longer have to deal with those advanced mining knowledge. Professional matters are left to professionals. We just spend money on services. In this way, people who are interested in mining can participate in the mining industry most widely.
Third, the benefits of cloud mining are more transparent. The cloud mining platform will announce the specific mining situation to everyone every day, and the income will also be announced to everyone on the platform. So we can follow the mining situation in real time through the platform. Of course, I still want to remind everyone here that we must choose those cloud mining platforms with good reputation and high reputation.
Bitcoin is produced through mining, and mining is also the cheapest way to obtain Bitcoin. But the low cost is only relative to the high price of BTC, it does not mean that there is no cost. It takes a real mining machine 7*24 hours of non-stop calculations to mine the block reward bitcoins. So don't believe some so-called "zero" bitcoins, and various projects without physical mining machines.
In the below, i will introduce something about the mining era.
With the advent of 2021, many people have seen that last year was the year of the explosion of mining 4.0, or more generally speaking, cloud computing power, and this situation will continue until 2021. Although there is no specific definition or timetable for the term "mining 4.0", this concept is more or less derived from Industry 4.0 or the Fourth Industrial Revolution. Here we explain and define Mining 4.0 and the reasons for its formation, as well as the previous mining era, which is bound to be beneficial to the cryptocurrency industry. This will not only make some people unfamiliar with the explosive cryptocurrency asset class emerging in front of them can get an eye-opener, but also witness to history.
Mining 1.0
Artisanal mining can be traced back several centuries until the Stone Age. At that time, sticks and stones were formed from minerals extracted from the ground and were used as the first choice hardware for weapons and eating utensils. In most ancient civilizations, after the surface sediments have completely dried out, deep exploration into the ground has become a necessary operation method. Iron, copper, jade, gold and other minerals are mined in scattered pits, and time-consuming methods such as "hit the rock" are used.
With the passage of time, the development of smelting has arrived. This allows miners to extract metals from the ore by heating. This invention is meaningful in the history of civilization, because it can mine a larger amount of minerals, which leads to a gradual increase in mineral trade with other civilizations.
Mining 2.0
The turning point in the 1800s was accompanied by the Industrial Revolution, which gave birth to industries and factories, which enabled mass production to grow at an exponential rate. New discoveries such as the California gold rush directly led to the prosperity of gold mining in the United States, which led to an influx of immigrants.
Mining 3.0
Expensive computer hardware has been used in mining
Due to the emergence of Bitcoin, 2009 is the birth year of cryptocurrency mining. Bitcoin gave birth to the idea of a decentralized form of non-sovereign currency, which is out of the control of the entity and fundamentally resists corruption and inflation. Cryptocurrency and fiat currency are valuable because they believe in their value. Since the decoupling of the U.S. dollar from the gold standard, as our debt-to-GDP ratio is currently at a record high, the monetary base has risen exponentially to a level that cannot forever maintain current material values.
Bitcoin miners are essentially people who use hardware to maintain the decentralized state of the network by running nodes and creating blocks full of transactions. Then, they receive monetary rewards in the form of Bitcoin or other cryptocurrencies as tokens for their services. Through a consensus algorithm called proof-of-work, miners are actually competing to run the SHA 256 algorithm as fast as possible to guess the number that can meet the difficulty of the network's set goals. When I mean fast, it's very fast. In the beginning, the CPU will be able to meet these requirements and be able to individually win block rewards based on the number of hashes that can be generated per second. As time passed, more miners joined the network, which increased the total number of hash rates in the network, and therefore increased the difficulty of mining, knowing the degree of stable creation of blocks every 10 minutes today.
Mining 4.0
Cloud mining enables new users to share the generated hash rate
This brings us into the fourth wave of mining in the form of cloud mining. In short, miners can now rent the hash rate generated by commercial operations, giving them the opportunity to mine on the Bitcoin network. Many mining operations are carried out in remote rural areas, and these areas have high funding and practice thresholds for ordinary people. By storing the hash rate and renting it out, miners can now basically have the hash rate derived from the actual mining machine. To make it easier to understand, you can think of it as "service is mining." New entrants can more easily and easily transition to the process of supporting the Bitcoin network. Large-scale mining operations and capital pools have achieved huge barriers to entry for beginners into the Bitcoin mining industry, so cloud computing platforms have poured into to meet this opportunity.
