Cloud Mining And How It WorksCloud mining still remains a strange concept to many people and it causes confusion to them
whenever the term is been mentioned.
Firstly, let’s start by defining what Bitcoin mining is. Bitcoin mining is done by using a network of
computers from the world. The bitcoin mining process can be defined as the addition of
transaction records to the bitcoin's public ledger. These transactions are done by users in the
bitcoin Blockchain continuously and recorded in the public registry.
To earn a bitcoin, miners must solve a specific block hash problem related to the Bitcoin protocol.
When they solve the problem successfully, they get rewarded. These rewards come in two forms
- a newly created bitcoin and fees from the transactions included into the block. In 2016, 25 new
bitcoins were generated from each block while the transaction fees were about 0.5 bitcoin.
Now, Cloud Mining is simply the process of Bitcoin or any other Cryptocurrency mining utilizing a
remote Data-Center with shared processing power. Bitcoin mining can be done using one’s personal
hardware, but those who do so tend to face the problems of excessive electricity consumption
and overheating of their computers which makes mining unprofitable.
Cloud mining was developed to enable users mine bitcoins or other Cryptocurrencies without
managing the hardware. Cloud mining or cloud hashing allows users to buy hardware mining
capacity in data Centers and accessing them online. Mining farms are the data Centers equipped
with all necessary hardware to enable mine bitcoins or other Cryptocurrencies. Mining farms
emerged as a result of the constant complication of the mining process, which requires more
technical, energy and financial resources. With Blockchain smart contracts, you can earn BTC or
other Cryptocurrency without having to deal with the issues related to mining hardware,
bandwidth, electricity, or other such offline issues.
IG Crypto Holding: The PlatformIG Crypto Holding is a project whose objective is the start-up of a farm for Cryptocurrency mining
located in Istanbul. Since Electricity and Climate is a huge factor to consider when establishing a
mining farm, IG Crypto Holding will be taking advantage of the good weather in Istanbul to drive
the mechanisms that will provide power for the start-up.
The results of Cryptocurrency mining are highly dependent on the infrastructure efficiency and
electricity rates, which makes renewable energy sources the sort after solution for a cost-effective
and clean mining operation. The farm will be powered by both Photovoltaic system with MPPT
(Maximum Power Point Tracker) and wind turbine with electricity. This 100% clean and renewable
energy outcome will be used to directly power our mining equipment. A back-up generator will be
installed also should Incase if there is power failure from the Photovoltaic system and wind
turbines.
Since our farm provides its own energy, we are providing a multi-algorithm, multi-coin cloud
mining service that uses the latest technology at a very cheap rate as compared to other cloud
mining platforms. We will also offer cheap cloud mining Re-seller packages to those who want to
sell to their own miners.
The farm will be equipped with high performance computing equipment’s that will provide the
required computing power needed for Cryptocurrency mining. GPU-based and ASIC-based
equipment will be used so as to make mining of different Cryptocurrencies possible.
ASIC (Application-specific Integrated Circuits) are the latest cutting-edge tools used in Bitcoin
mining. These tools can be used for mining bitcoins at amazing speeds. GPUs (Graphics Processor
Units) were originally designed to improve and optimize the 3D graphics of the most demanding
video games. They are much faster than the main computer processors (CPUs) at doing specific
calculations, and, thus, are very suitable to mine Cryptocurrencies. GPUs couple cutting-edge
speed with high flexibility can mine dozens of different Cryptocurrencies, executing various
algorithms, and can adapt to changing market conditions, always working on the most profitable
problems.
For miners to use the IGCH cloud mining service, an ICO (Initial Coin Offering) will be launched, in
which tokens would be sold, to enable miners access our cloud computing power. These tokens
will serve as rental fees. A total 10,000,000,000 IGCH tokens will be issued to allow the rental of
the cloud mining services.
Features of IG Crypto Holding1. Cheap hosting at competitive hosting: Because we produce our own electricity thereby
reducing our running cost, we will offer miners with very cheap and competitive cloud
mining services.
2. No downtime 99.90% Up-time: Our Solar plants and wind turbines will generate enough
electricity for the farm, thereby eradicating any power outage.
3. Cutting-edge Hardware Technology: our farm is equipped with exceptional and high-per
formance computing equipment that aims at providing the required computing power
needed for Cryptocurrency mining.
4. Mine alternative Cryptocurrencies: with the of use of GPU-based and ASIC-based equipment on our cloud mining services, you can mine any Cryptocurrency.
5. 24X7 Technical Assistance: we offer quick and responsive technical assistance to our
clients 24hrs a day and 7 days a week.
Who is Behind IG-Crypto?Ilker Günay
CEO & FOUNDER
As one of the co-founders, Ilker played a key role in the establishment, structure and financing of the IGCH.
He brings knowledge and skills from over 5 years in the financial industry to his position as CEO.
Under the leadership of Ilker,
IGCH will develop into the world's largest publicly traded Cryptocurrency miner in terms of market capitalization
and company size.
Ersin Yardimci
EXECUTIVE DIRECTOR & CO-FOUNDER
Ersin is a co-founder of IGCH. Previously, he was the managing director of a hotel chain in Istanbul.
He has built teams and ensured operational strategies and their implementation.
He will oversee operations and teams in Istanbul.
Hüseyin Arslan
COO & CO-FOUNDER
Hueseyin is a strategy and banking IT expert. Before founding IGCH,
Hueseyin had already developed and introduced digital business models and products as a management consultant.
Through his time as a project manager, Hüseyin has demonstrated solid know-how in the implementation of technology projects.
Already as a student, he gained his first experience as an entrepreneur by founding an IT consulting partnership specializing in property valuations
Our ether sale is available at
https://ig-crypto.com ; the site contains all needed instructions.
The Next Step: Some LinksWelcome to the IG-Crypto Ecosystem:
Contact Us:
General Queries
support@ig-crypto.com
