Manchester, UK – Sustainable Bitcoin cloud mining and investment giant CloudThink.IO has upgraded the mining equipment in its Taiwan facility to its own private, custom-built ASICs (application-specific integrated circuits). These new Bitcoin and Scrypt miners are more energy-efficient and cost-effective than those available to the public, and as a result CloudThink.IO is selling its previous cryptocurrency mining equipment online.
“We are now offering our previous equipment back to the Bitcoin community at a discount, while simultaneously raising awareness of our improved hash-rates and investment opportunities.”, says Richard Coleman, CEO of CloudThink.IO.
The custom mining equipment developed by Cloud Think Mining Ltd. is currently still bound by secrecy. In the following month, only 200 to 500 custom miners will be offered to bloggers, testers, journalists and others by invitation-only. According to CloudThink.IO, a bulk or public sale of this equipment would affect the market and their competitive advantage.
Investors who express an interest in this custom mining technology are invited to purchase CloudThink.IO investment packages, which yield returns on Bitcoins and fund the development of the aforementioned mining equipment.
Additionally, limited amounts of used Bitcoin and Scrypt mining gear such as KNC, Antminer, Spondoolies, as well as power supplies and other accessories, are now available for purchase directly on the official web page: http://www.cloudthink.io
All products are in used condition (30 - 400 days, depending on the product) except several power supplies and most mining accessories. All products and accessories are fully functional. For most items, original packing is unavailable. Instead, CloudThink.IO ships its previous equipment in solid boxes and through private companies such as FedEx, while also offering lower priced shipping options.
CloudThink.IO is a multinational cryptocurrency enterprise known for its focus on sustainable investment packages that not only yield returns by mining Bitcoin and Scrypt-based coins in cost-effective locations and conditions, but also contribute to the development of new, optimized hashing hardware. What makes CloudThink.IO unique in this space is a dedication towards generating its own electricity, developing its own energy-efficient hardware, and managing investments in the technology itself.
As CloudThink.IO Upgrades to Private Custom-Built Bitcoin and Scrypt ASIC Miners, Previous Mining Equipment Now for Sale
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So, no matter how long you have been mining you have suffered at the hands of config files. each varying depending on the coin you are mining, your graphics card or your cpu model. with a multitude of miners such as SG miner, Cg miner and BFG miner, people often lose interest in mining casually with their PCs.
a website called Miner gate has solved this, by designing an all inclusive mining program as well as a web based miner. allowing for even the newest miners to find their footing.
their innovation has also extended to websites, allowing for website owners to place a image on their website, allowing them to monetize their content by using a small fraction of all users CPU. incredibly interesting, i certainly hope to see more projects like this
Whether you are a veteran miner or someone who is simply testing the waters, there is one choice that you will inevitably have to make, mining hardware. now the world of crypto mining is broken up into main sectors, all of which pretty much want the same thing.
Each of these miners has their own set of advantages and disadvantages. Now just because you choose to become a GPU miner doesn't mean at a later stage you cannot sell your equipment and become a Scrypt miner, you can also own more than one kind of hardware at a time. In fact, the idea of diversifying your mining portfolio or capabilities in paramount to your success.
Profitability is perpetually on the minds of any miner, your profitability is determined by 3 major factors:
I will be evaluating each of these aspects for the 3 major types of mining hardware, starting with scrypt.
Scrypt miners are much like your standard Mac Donalds or KFC burger franchises. With affordable hardware and a wide variety of coins. These coins however much like a mac Donald's burger lack originality, no matter what fancy sauce you put on a Big Mac, its still just a Big Mac. Power efficiency varies from machine to machine but is constantly improving.
SHA miners are very limited in terms of their coin range, however the worlds best know POS and POW coin both come from SHA. Bitcoin is SHA algorthim and still puts out some good steady profits. The entry level miner can be around 5-10 dollars, which is by far the cheapest. What SHA lacks in originality it makes up for with reliability. power costs have hit an all time low with the release of the Antminer S5, and I believe Antminer will continue to do so.
GPU miners, in my opinion by far the most technical and interesting, GPU mining is unique in both its immense range of coins and algorithms. The possibility of a price spike in a single coin, that was GPU mined is very probable. Coins using X11, X13 etc have a tendency to have innovative ideas or functions to their coins, take Darkcoin as an example. The possibility of remaining completely anonymous while making a payment, suits peoples intentions, both good and bad. However the skill required to set up one of these machine deters many people. I will be releasing a guide hopefully some time in the future.
I hope you all enjoyed this blog, regardless of if you learned anything new... please leave a comment or pm me on hashtalk :)