Summit Mining: Crypto Mining Made Both Profitable & Fair

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Summit Mining

The cryptocurrency mining space has evolved significantly since its first days, more than a decade ago. However, if you’ve been feeling like you missed out, there’s still time to start and even turn a profit—if you put your trust into a tight-knit community, facilitated by an ethical mining operator where you, the user, own the mining equipment. This is where Summit Mining comes in: in business since the beginning of 2019, the team has been striving to offer a fair, ethical approach to what they call Community Mining that is vastly more profitable to their clients compared to their competitors.

Ownership

The most important aspect of Summit Mining is ownership: instead of you simply renting out mining equipment from them, your investment is used to purchase new hardware that you own—while the company takes care of it. It may not belong to you physically, but once you decide to leave the mining operation, your initial investment is returned relative to the change in price of the hardware purchased with it. This can even mean you receive more than you initially invested, as the price of miners tends to move with the cryptocurrency market and current mining difficulty.

Equity

As mentioned, your investment is used to purchase mining equipment. However, you are not beholden to the very same equipment: your monthly mining reward is given from a pool of all coins mined within the period, proportional with your investment, in a process called resource pooling or mutualisation. This means that no participant has to suffer the consequences of “their” mining equipment not keeping up for any reason—everything that is mined is shared with everyone, and the only factor that can change your due amount is how much you’re investing on a monthly basis.

Transparency

Another important facet of Summit Mining is transparency: instead of navigating complex calculators on cloud miners’ websites (if they offer any calculators at all) while wondering whether and how the return on investment changes with the market, Summit Mining works hard to keep the entirety of their business fully visible to their clients. This includes weekly live meetings in which the team presents their current activities, news, progresses, as well as answers any questions customers might have.

Community

Summit Mining’s approach to business facilitates a vibrant, close-knit community, made up of people passionate about cryptocurrencies. Customers are encouraged to join a very active Discord discussion channel where they can share ideas, answer each others’ questions, and discuss new opportunities.

Five Cryptocurrencies

Summit Mining is currently mining five cryptocurrencies: We are now mining five cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH) and Zcash (ZEC). All customers get all currencies in five separate payments at the beginning of each month and then decide what they want to do with them—you won’t be able to choose which currency you prefer. In reality, this is a good thing: with a diverse portfolio, you’re already hedged against market volatility.

Profitability

The volatility of cryptocurrencies means that there is never any guarantee that mining will always be profitable. When using Summit Mining and mining is no longer profitable at all, the worst case scenario for customers is a ROI of 0%. The business itself simply unplugs unprofitable machines until they become profitable again. Customers will never have to pay extra to cover mining losses.

Fees

Nothing is free—but you will be paying significantly less at Summit Mining than elsewhere, along with a much better ROI. Their management fee is 15% of your monthly profit. In other words, if the month was unprofitable, they won’t charge you anything. The company relies solely on this business model, so you will not be surprised by any hidden surcharges or fine print.

Conclusion

Summit Mining is unique in the mining community in that it isn’t really a cloud mining service—you’re not renting mining equipment, you own it outright, but it’s kept in a professional environment and hand-selected by veterans of the niche. In other words, you get all of the benefits of cryptocurrency mining without any of the hassle that usually comes with machinery upkeep, electricity bills, and the speed at which some mining hardware becomes obsolete. Joining a progressive-thinking company such as this puts you at the front of a fast-evolving industry still in its infancy—all you have to do is give yourself a chance.

Visit Summit Mining (https://summitmining.io) and use special code CRYPTONEWS to get 30% off your management fees during 6 months!

Summit Mining: Crypto Mining Made Both Profitable & Fair

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Summit Mining

The cryptocurrency mining space has evolved significantly since its first days, more than a decade ago. However, if you’ve been feeling like you missed out, there’s still time to start and even turn a profit—if you put your trust into a tight-knit community, facilitated by an ethical mining operator where you, the user, own the mining equipment. This is where Summit Mining comes in: in business since the beginning of 2019, the team has been striving to offer a fair, ethical approach to what they call Community Mining that is vastly more profitable to their clients compared to their competitors.

Ownership

The most important aspect of Summit Mining is ownership: instead of you simply renting out mining equipment from them, your investment is used to purchase new hardware that you own—while the company takes care of it. It may not belong to you physically, but once you decide to leave the mining operation, your initial investment is returned relative to the change in price of the hardware purchased with it. This can even mean you receive more than you initially invested, as the price of miners tends to move with the cryptocurrency market and current mining difficulty.

Equity

As mentioned, your investment is used to purchase mining equipment. However, you are not beholden to the very same equipment: your monthly mining reward is given from a pool of all coins mined within the period, proportional with your investment, in a process called resource pooling or mutualisation. This means that no participant has to suffer the consequences of “their” mining equipment not keeping up for any reason—everything that is mined is shared with everyone, and the only factor that can change your due amount is how much you’re investing on a monthly basis.

Transparency

Another important facet of Summit Mining is transparency: instead of navigating complex calculators on cloud miners’ websites (if they offer any calculators at all) while wondering whether and how the return on investment changes with the market, Summit Mining works hard to keep the entirety of their business fully visible to their clients. This includes weekly live meetings in which the team presents their current activities, news, progresses, as well as answers any questions customers might have.

Community

Summit Mining’s approach to business facilitates a vibrant, close-knit community, made up of people passionate about cryptocurrencies. Customers are encouraged to join a very active Discord discussion channel where they can share ideas, answer each others’ questions, and discuss new opportunities.

Five Cryptocurrencies

Summit Mining is currently mining five cryptocurrencies: We are now mining five cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH) and Zcash (ZEC). All customers get all currencies in five separate payments at the beginning of each month and then decide what they want to do with them—you won’t be able to choose which currency you prefer. In reality, this is a good thing: with a diverse portfolio, you’re already hedged against market volatility.

Profitability

The volatility of cryptocurrencies means that there is never any guarantee that mining will always be profitable. When using Summit Mining and mining is no longer profitable at all, the worst case scenario for customers is a ROI of 0%. The business itself simply unplugs unprofitable machines until they become profitable again. Customers will never have to pay extra to cover mining losses.

Fees

Nothing is free—but you will be paying significantly less at Summit Mining than elsewhere, along with a much better ROI. Their management fee is 15% of your monthly profit. In other words, if the month was unprofitable, they won’t charge you anything. The company relies solely on this business model, so you will not be surprised by any hidden surcharges or fine print.

Conclusion

Summit Mining is unique in the mining community in that it isn’t really a cloud mining service—you’re not renting mining equipment, you own it outright, but it’s kept in a professional environment and hand-selected by veterans of the niche. In other words, you get all of the benefits of cryptocurrency mining without any of the hassle that usually comes with machinery upkeep, electricity bills, and the speed at which some mining hardware becomes obsolete. Joining a progressive-thinking company such as this puts you at the front of a fast-evolving industry still in its infancy—all you have to do is give yourself a chance.

Visit Summit Mining (https://summitmining.io) and use special code CRYPTONEWS to get 30% off your management fees during 6 months!

This guy modded his Nintendo Game Boy and is mining Bitcoin on it

I nonetheless bear in mind proudly owning a Nintendo Sport Boy however I by no means thought I would be writing an article explaining how somebody has modded their Sport Boy and is now crypto mining Bitcoin from it. Sure, you learn that proper — this man has modded his Sport Boy and is mining Bitcoin on it for actual — test it out:

You may’t simply flip the Nintendo Sport Boy on and begin mining Bitcoin, as there is no such thing as a web connection — so first, you may want the Raspberry Pi Pico which acts as a hyperlink cable to USB adapter. That is plugged right into a PC which supplies the Nintendo Sport Boy an web connection which is required for cryptocurrency mining, or else you would not have the ability to mine Bitcoin out of your Sport Boy, after all!

There are just a few extra steps required earlier than you will get Bitcoin mining in your Sport Boy, however when it does Nintendo’s moveable sport console is able to pumping out 0.8 hashes per second, which when in comparison with a current-gen ASIC miner which pumps out round 100 terahashes per second… the GameBoy is 125 trillion — or 125,000,000,000,000x slower than the current-gen ASIC miner.

This implies it might take a single Nintendo Sport Boy just a few quadrillion years to mine a single Bitcoin… completely not value it, however it’s a nerd-out fest to see Bitcoin being mined on a freaking Nintendo Sport Boy.

Best Doge Mining Games and Rewards

Dogecoin has been shooting through the roof lately and although initially developed as a joke cryptocurrency, it now has a huge following that must be reckoned with. Over time, this following has become the cryptocurrency’s pillar asset because as we all know, it is the community that counts in crypto. You have probably already learned how to get a free DOGE. As a result, many are turning to doge mining in the race for riches and now we see even games appearing on the scene and it is these mining games that got our attention!

Mining games you say? Yes, that’s right!

The infamous cryptocurrency is now so big that people are developing games around it, which prompted us to check them all out and fill you in on the fun you are missing out on. MUCH WOW right? The best part about it though is that there is this one game we found that rewards its players with real DOGE!

Best DOGE Mining Games

Rollercoin – Truth be told this is the best DOGE mining game we have seen in terms of purpose, physics, and rewards. It is a DOGE mining simulator where you have to upgrade your mining rig by playing simple but engaging online games. As a reward, you get real DOGE that you can either withdraw or re-invest into your rig to make it even more powerful.

The game is free and seems to attract thousands of players from all over the world, and it is this community that serves as a good sign that the game can be trusted. Another great perk about it is that you do not only learn the intricacies of real-world DOGE mining but can also switch to BTC or ETH mining if, for example, the price of DOGE falls. Therefore, look no further if you are looking for a mining game to earn dogecoin.

Difficulty: Normal

Reward: real DOGE (BTC, ETH)

Price: Free

Community: Yes

Type: Online game

Dogeminer 2 – Unlike Rollercoin, Dogeminer is not a mining simulator but an online clicker game. Registration is quick and simple and once you are in, all that is required of you is to click on one button to mine DOGE. Along the course of your mining you get additional bonuses and can save your game once you are done playing. All the rewards in this DOGE miner game are virtual and there is nothing that you can withdraw. Nevertheless, it is a good value proposition if you are just looking to kill some time and not get out anything from it. Dogeminer is developed by RKN and more versions of the game are expected to be put online soon.

Difficulty: Easy

Reward: virtual DOGE

Price: Free

Community: Yes

Type: Online game

Dogecoin miner – Another free online clicker game that can be put in the same category as Dogeminer 2. Despite the near-identical gameplay that these two games have they come from different developer groups. Dogecoin Miner is brought to us by Lagged, a team of developers known for quite a large variety of clicker games.

Once again, unlike Rollercoin, DMiner rewards are strictly virtual and hence remain where you find them in the first place. As for the gameplay, the more you click, the more DOGE you mine, assisted by upgrades that you can buy within the game for the virtual DOGE you have mined.

Difficulty: Easy

Reward: Virtual DOGE

Price: Free

Community: No

Type: Online game

Dogecoin Clicker Miner Tycoon – DCMT is a dogecoin mining simulator that in a similar fashion to Rollercoin, engages you into the actual mining gameplay. You have to set up rigs, mine dogecoin, and then upgrade your rig by exchanging DOGE for USD and buying new graphics cards and shelves.

This is a free offline game that you download from Amazon but rewards-wise, they too are virtual and there is nothing real that can be withdrawn as the result of your mining efforts in the game. Still, DCMT is a good way to get a general grasp of what dogecoin mining is all about and kill some time upgrading your equipment.

Dogecoin Clicker Miner Tycoon

Difficulty: Normal

Reward: Virtual DOGE

Price: Free

Community: No

Type: Offline game

Dogecoin Mining Games Final Thoughts

It seems that dogecoin miner games can be split into two categories. The actual mining simulators and clickers. The latter type of mining games aren’t really so much about mining, but just killing time, clicking it away in an arguably engaging manner. Then, there are actual mining simulators that replicate cryptocurrency mining with an added gameplay.

Which one to choose is of course up to you but you’ll probably love Rollercoin, the crypto mining simulator that allows you to actually earn real DOGE, BTC, and ETH.

Disclaimer: This is a sponsored post. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post.