Posted on: 22. March 2018

Mining

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What does Mining mean?

Mining is the process by which transactions of a cryptographic currency are confirmed. In addition to this, new coins are created during the process.

In computation-intensive processes, cryptographic tasks are mainly solved. Creation of new blocks is connected with a certain amount of effort to prevent subsequent modification of the blockchain.

The difficulty level of the cryptographic tasks is always adapted to the computing power of the entire network of the cryptographic currency. This ensures that the total time spent on the creation of a new block remains as stable as possible.

How does it work in reallity?

While mining used to be done with conventional processors, computing power is now provided mainly by specialised hardware. This hardware is optimised to achieve the highest possible performance (hash rate) with the lowest possible power consumption.

This is so that mining is carried out as profitably as possible. For example, there are companies that now only offer so-called “ASIC” miners. ASIC miners use state-of-the-art chip technology to offer high-performance rates in relation to the energy consumed.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

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