TopMine - the BTC Bitcoin Mining Power !
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions.
This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
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The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground. So, let's start mining with TopMine:
- How to start? To start mining you need to pass a simple registration in our system. Right after registration you will be provided with 5 bonus TeraX, after that, just select cryptocurrency from the list and start mining.If you want to increase your mining speed and earn more you need to make a deposit and exchange it to TeraX power in the tab “Exchange”. If you made a deposit but didn’t exchange it to TeraX, your mining speed will remain the same as with 5 TeraX.
- What is TeraX? TeraX - its a new created by our experts system of algorithms for the most profitable Bitcoin and altcoin mining.
- What determines the speed of mining? Mining speed depends on quantity of TeraX you have.
- What cryptocurrency can I mine? Currently we provide for mining such cryptocurrency as Bitcoin, Litecoin and Dogecoin, also you have the possibility to mine US Dollars.
- What is US Dollars mining? How is this possible? A special feature of our service is that in addition to the Bitcoin, Litecoin, Dogecoin mining we have made available mining of US Dollars. US Dollars mining is a conventional name for earning this currency. This feature became possible by combining the mining of certain altcoins and automatically exchanging them to US dollars using the exchange rate at the time of mining. This feature simplified the use of the service and freed our customers from the problems with the exchanging of some cryptocurrency.
