BitOffer Institute: What is mining? How to invest Ethereum with a low price

[Cici Lee]

Source for BitOffer

Mining is the use of professional computers, the digital ledger for the act of keeping accounts. In return for contributing computing power to mining machines, the blockchain network will issue digital currency rewards based on the computing power provided by mining machines.



Mining is the most basic support of BTC, no mining, no accounting, then BTC has no circulation and production anymore. ETH is an open-source blockchain public platform that allows people to develop intelligent contracts freely. Like Android and Windows systems on the Internet, IT can provide a set of special language, so that people can develop on it at will.

The ETH Intelligent Contract Application platform provides a set of plug-in templates that are like steel, concrete, tiles... which helps you when building a house. ETH can be used in many industries, and the more industries it is used in, the greater the value of ETH tokens will be. In the future, you will have to pay for tokens when you retrieve and view data.

BTC is the first and mature blockchain technology application, known as blockchain 1.0. Ethereum is a large-scale application of intelligent contract application platform, known as blockchain 2.0. Which the ecological environment, it can be widely used in various industries, we could consider it is the upgrade of the Internet.

Like BTC, ETH is an asset in digital form. It also trades like cash without the need for third-party processing approval. BTC is in the fixed adjustment, with the number of 2016 blocks. The ETH is in the dynamically which adjusts every 13-15 seconds on a block. ETH power consumption is one-fifth of BTC, and the mining machine is three times of BTC mining machine, now a mobile phone can participate in mining, reduce the high-frequency tedious operation and maintenance and avoid the risk of thousands of iterations.

For the investor, the prices of the coins are fluctuating every day, and mining is undoubtedly one of the most stable projects. As a physical mine, Ethereum mining is relatively profitable at current coins prices.

In the ETH market, the-longs now take advantage, many people buy ETH-related products that have made a profit. However, with different products, there are different benefits and risks. The profit yield of futures is limited, although buy contract yield is high, the corresponding risk of contracts are at a very high level, which will easily drive you into the liquidation. Thus, buying BitOffer's Ethereum ETF Ethereum is better.

In which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times. If Ethereum succeeds in a 10-fold rise, the Ethereum ETF would be up to 170 times. Therefore, if you invest $10,000 now and Ethereum grows tenfold in the future, your ETF assets will become $1.7 million.