The surge in bitcoin price has not only attracted bitcoin buyers, but also resulted in a surge of interest in digital currency mining. Mining bitcoin requires high computing power to solve a complex mathematical equation, proving that an anonymous miner used the process the network agreed upon to build the blockchain record of transactions. Miners then get bitcoin in reward for successfully completing the equation.
Mining is the process of generating new bitcoins by solving a series of complex mathematical equations using considerable computing power. Ever since the birth of bitcoin in 2009, this has been the only way to make new coins and as bitcoin and other cryptocurrencies have staked a claim in the mainstream, mining has garnered more attention. However, not everyone who wants to get in on the technology can honestly stand the technicality of the technology.
This is where the Five Star Mining Network comes into play. Five Star Mining Network, found online at https://fivestarminingnetwork.com/, is a blockchain-based venture that seeks to allow its users to get a share of the revenues made from cryptocurrency mining operations. With their crypto token, FiveStar Mining Network will receive the backing of other cryptocurrencies mined by the platform's hardware.
Initially, Five Star Mining Network works in a such simple concept. The revenue made from the platform's mining hardware will be used to cover utility bills, maintenance, and other expenses, while rest of it will be used for buyback scheme. During buyback scheme Five Star Mining Network will buy FSMN coins directly back from investors at exchanges monthly. The more coins they buy back the fewer coins are in the market and the more valuable coin gets. In this way, Five Star Mining will be able to create a market control through scarcity that ultimately creates coin value.
Five Star Mining Network is the world's first of its kind. The company aimed to build the mining network with multiple cryptocurrency sites, where they can continuously generating high-value coins to back up the investors.
Five Star Mining Network team focusing on cryptocurrency mining, advertising, and building own exchange, while targeting to take a big part in cryptocurrency mining, and take at least 10°,6 of market share by 2025, at same time sharing profits with investors using buyback scheme.
In conclusion, cryptocurrency mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven.
With Five Star Mining Network you can have the benefits of cryptocurrency mining, without buying, running, and/or managing hardware. By investing on FSMN coin, you'll get sharing profits using the platform buyback scheme.
Finally, if you are technologically inclined, FSMN could be the best solution for you.
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