Mining refers to processing cryptocurrency transactions. Miners get rewarded whenever they process a transaction and solve for a new block. The mining process involves solving mathematical problems. These problems get difficult with time. As the difficulty increases the miner would need fast and reliable technology.
Mining cryptocurrency is like mining gold or silver at a mountain. When you start digging into a mountain it's relatively easy but over time you will need more advanced equipment as the process gets dangerous and difficult.
AWS Mining is one such Mining operation that has its headquarters in Australia.
What Is AWS Mining?
AWS Mining is a technological enterprise focused on the World's cryptocurrency demands. The company offers Cloud Mining services of digital coins to every size investor.
AWS Mining allows anyone the opportunity for secure, continuous, and sustainable mining services, with the option of choosing one or more of the various digital coins the company mines for. Participant’s gains are safe against “sporadic extrinsic failures”, which include, but are not limited to political sanctions, power loss, tax increases, and more.
The company currently manages a total of 19,300 cryptocurrency mining computers operating in data centers which are located in China, Mongolia and Paraguay. Following the ingenious strategy of spreading out its farms across different countries, offers a smart contingency plan, which gives clients the opportunity to relocate their funds, should the need arise, without risking or compromising their profitability.
How AWS Mining Cryptocurrency Mining Pool Contracts Work
As soon as we receive your payment, your contract will be added to your account. Then you can start mining right the way. You can also reinvest your earnings by purchasing more mining power. As soon as your mining commissions are confirmed through the Blockchain network your funds become available for you to withdraw to your digital wallet. AWS Mining marketing strategy is to reward our customers with as much as possible and as soon as possible. The calculation is based on current difficulty and price. Difficulty increases from time to time and may vary based on global hashrate and value.
They currently accept only bitcoins as payments. Payouts are generated daily. Withdrawals can be made every day and must be a minimum of $30 USD. This minimum payout is set in order to avoid having customers pay excessive fees for receiving small payouts in their digital wallets.
Crypto Mining Power (CMP)
Crypto Mining Power is the unit to measure the contracted mining power from AWS Mining. Currently, 1 CMP is equivalent to USD 400. The processing power of 1 CMP is allocated by AWS Mining for crypto-coin mining. It is the company's responsibility to determine the best coins to be mined. The result of 1 CMP can be observed in the Mining Panel of any customer.
There are various plans ranging from 0.1CMP ($40 USD) to their most popular plan worth 10 CMP ($4,000 USD).
AWS Mining Conclusion
AWS mining farms are strategically located in countries with low-cost energy surplus and flexible tax policies. During the past six months, the company has acquired 10,000 new clients, while our services are attracting interest from thousands of more potential investors. As a result, they are looking to expand their operations through creating new mining farms in other countries. They are passionate about environmental conservation and are always on the lookout for cost-effective countries that can supply clean energy for our crypto mining production.
For more information about the website, awsmining.com/