Crypto Mining is a competitive process to verify and add new transactions to the blockchain for a specific cryptocurrency that utilizes the proof of work (PoW) approach. The miner who wins the contest is rewarded with some currency and/or transaction fees.
Since all transactions happen digitally and there is a risk of duplication, forgery, or double-spending. Mining offers an unusual solution by making it extremely expensive and resource-intensive. So people have to work harder than enough to get something.
Crypto mining is a very expensive process that requires top-of-the-line hardware, energy, ancillary locations, and capital.
Additionally, subsidiary locations are subject to the government's view on cryptocurrency and crypto mining which may be changed. Thus, while crypto mining is neither cheap nor easy, there are many things that need attention.
However, things will get better for miners and the mining industry as Xcavator is here with unique solutions, and these solutions will certainly revolutionize the way mining is done so far.
Xcavator - Optimized way of crypto-mining
Xcavator is helping the mining industry with some great initiatives and solutions, and today in this post we are listing some of the key ones that will show you just how optimized crypto-mining can be.
Offering hashing power in smaller units
Mining operations require the fastest, most advanced technology to remain efficient and profitable. But it is not as easy as ordering the latest mining equipment model. The fastest chips are in limited supply and controlled by a few companies. It is difficult and very expensive to buy them in small units as the suppliers do not accept small orders. These chip companies only allocate bulk to certain customers. To catch up on the latest hardware, they have to pre-order and anticipate when the new machines will be available.
Xcavator is giving people access to crypto mining hashing power in smaller units. Our crypto utility token will represent the crypto mining hashing power that will bring people across multiple sectors to capture and experience the mining of cryptocurrency.
Solving Capital and Energy Problems
Cryptocurrency mining requires a lot of energy and investment. Investment for mining hardware, locations, energy bills, maintenance, and more. Xcavator with efficient research can help miners to keep costs low.
Our team will continuously research countries that offer affordable electricity rates, ease of working, and a harmonious environment for crypto mining. Based on data gathered from research and several other factors, mining farm locations will be selected for future expansion. In this way, we will be able to keep the crypto-mining affordable as well as expand the mining farm and complete ecosystem.
Hashing Power and Profitability
To maintain supply and demand with profitability, we at Xcavator will initially have our farms at two locations to generate crypto mining hash power for the most profitable POW cryptocurrencies. From the generated revenue we will use half to buy our own tokens for burning purposes and another half for the expansion of our mining farms.
In this way, the Xcavator ecosystem will provide everyone with an opportunity to profit from our tokens as we continue to repurchase tokens to burn at market value from crypto exchanges and expand our mining farms that are the backbone of cryptocurrencies.
In recent years, the cryptocurrency led by bitcoin (BTC) has entered the mainstream business world as well as the financial market. For both institutional and retail investors, the supply and demand of cryptocurrencies have a significant impact on their trading and investment decisions. For bitcoin, they produce new tokens through its mining mechanism.
There were many things that kept people away from crypto-mining until now. Xcavator is building an ecosystem that will ensure that people can experience a more optimized way of crypto mining. It will be fun, easy, and highly profitable. Additionally, the company is working on robust cooling systems and has plans to set up a farm near buildings or locations where the generated heat can be harnessed. Thus, no harm will be caused to the environment as well. So, don't miss your opportunity to join such a revolution and invest in Xcavator now.