Cryptocurrency mining, also referred to as crypto mining, is a process where transactions are included in the blockchain. The process of mining requires a computer and mainly, a special program. The program allows miners to solve difficult tasks, which helps to form blocks. The perks of being a miner includes rewards like transaction fees and cryptocurrencies. How can miners effectively mine crypto?
The purpose of this review is to introduce the ViaBTC S9 Cloud Mining Contract. Factors like its purpose, power efficiency and income will me some of many things that will discussed upon. Ultimately, the goal is to ensure that miners have more opportunities available to them when it comes to crypto mining.
What Is ViaBTC S9 Cloud Mining Contract?
The ViaBTC S9 Cloud Mining Contract is proclaimed as the most advanced and power-efficicent Bitcoin (BTC) mining rig to date. Furthermore, great emphasis has been placed on the notion of 1TH/s mining power, which means that this respective contract allows miners to mine BTC either forever or once the contract is no longer profitable.
What Can Be Said About Power In ViaBTC S9 Cloud Mining Contract?
According to ViaBTC, they are one of the only contacts to promote the lowest power consumption and electricity cost possible. In particular, S9 Cloud Mining Contract takes up 100 Watt per Share and as little as 0.05 to 0.09 USD per KWH. It is important to keep in mind that the electricity costs may vary according to the contracts or sudden policy changes.
Other costs include management fees, which is six per cent of the mining income. This fee will be used to cover mining farm maintenance, necessary repairs, risk prevention and other related concerns that may arise.
ViaBTC S9 Cloud Mining Contract Benefits
What makes the ViaBTC S9 Cloud Mining Contract worth considering is their efforts in ensuring that miners get a reward that is deserving. The ViaBTC pool is said to adopt the PPS+ Method. The PPS+ Method is believed to allocate block reward and transaction fees, inducing a higher income. Miners also have the choice of mining between BTC and Bitcoin Cash (BCH) to one’s liking.
ViaBTC S9 Cloud Mining Contract Conclusion
Overall, the ViaBTC S9 Cloud Mining Contract appears to be a promising mining rig, as it secures miners. First, the electricity used in mining BTC is significantly low, therefore miners will not be exposed to high fees. Second, the duration of the contract is worth mentioning, as miners do not have to fear of incurring a loss.
The moment the contract becomes unprofitable, it will come to an end. Lastly, the income generated is significantly high compared to other mining rigs, as it includes both block rewards and transaction fees. Miners also do not need to worry over untimely payments, as they will be paid out on a daily basis. For more information on the ViaBTC S9 Cloud Mining Contract, go to: pool.viabtc.com/contract/s9/