As such, cryptocurrency mining is called mining because miners exert a great amount of effort to mine cryptocurrencies in the hope to receive some coins. In essence, most cryptocurrency miners who contribute to blockchains are in the game to earn profits. But as mentioned, they exert a great deal of effort, especially that the computational puzzles that they need to do to secure the blocks keep increasing its difficulties. The more puzzle they solved, the more difficult the next puzzle would be, and in most instances, it accelerates rapidly. Cryptocurrency miners help keep the integrity of the cryptocurrency ecosystem by checking each other to keep the network secure and decentralized. They allow healthy and equal distribution of currency units to all crypto communities.
A cryptocurrency miner is responsible for ensuring the authenticity of the information and updates the blockchain every time a transaction is made. Additionally, the process of mining itself is complicated with all those mathematical problems that they need to solve with cryptographic hash functions associated with a block that contains the transaction data. Whoever cracks the code first gets the authorization for the transaction. In return, he or she gets some small amounts of cryptocurrencies for himself or herself for the services provided. But for a cryptocurrency miner to have an edge in the competition, he or she needs to have a dedicated computer with specialized hardware containing Graphical Processing Unit (GPU) chip or application-specific integrated circuit (ASIC), a reliable internet connection, sufficient cooling system for the hardware, an authentic cryptocurrency software package, and a membership in an online cryptocurrency exchange, as well as an online mining pool.
All these are eliminated in Virie Market, the first and only blockchain project that has been completed and is ready to use now. It implemented its own Proof-of-Stake (POS) that allows the users to mine their own coins. Users can earn profits by simply holding their money inside a digital wallet, eliminating the need for a third-party cryptocurrency miner. This means that if you want to be a miner, you simply just have to be a user. It also eliminates the need for a dedicated computer with specialized hardware containing GPU and/or ASIC as opposed to the usual Proof-of-Work that the existing miners are using. All you need to have is an operating system that matches the software such as Windows 7, 8, 8.1, 10 (x64), Ubuntu 14.04, 16.04, 17.10 (x64), or MacOS 10.11.6 (x64) and earlier, and of course, internet.
Mining in Virie Market platform is remarkably easy. It’s as easy as ABC. A user just has to go to his dashboard or safes and simply click “Operations” and choose “Start mining” from the dropdown menu of the chosen safe (if you have more than one safes). That’s it! The system will begin mining for you. It’s really that user-friendly! It even has a profit calculator where you can see how much Virie will be mined within the number of days that you set on it. Cryptocurrency mining has never been this easy and safe. Download it here and see for yourself.
Author’s note: To read more about Virie, click here.0