This is a blockchain firm whose primary purpose is to mine digital currencies. In the crypto space, mining refers to the processing of transactions involving virtual currencies. A significant number of investors often shy off from dealings involving cryptocurrency, mainly because they lack sufficient information regarding this sector, a disparity Miners at Work is seeking to address. The company uses an all-inclusive approach, where everybody is invited to take a journey in this murky but promising cryptocurrency industry.
Mining in the Crypto Space
As mentioned above mining is the successful confirmation of a transaction where digital currencies are involved. For instance, when a seller sends cryptocurrency to a buyer’s digital wallet, the mining process is complete once the transaction is verified by three networks and stored on blockchain servers.
Currently, there exists over 700 altcoins in the crypto space, all serving different purposes. However, all of them have a common ground, they are all mined. Miners are making coins off these processes, albeit with the help of extremely powerful computers with high processing speeds.
Traditionally, mining is associated with cumbersome procurement and maintenance procedures, as well as investing in expensive, custom-made software. Miners at Work, an industry revolutionary, seeks to change this norm. The firm is offering an innovative, low risk and affordable alternative means of mining digital currencies.
Mining is heavily dependent on external factors, making it a challenge to estimate one’s potential returns. Nevertheless, Miners at Work put this into consideration, and plans to scale up funds raised from kits crowdsale through external financiers in case such an event occurs.
Another first from Miners at Work, the FastCoin ATMs work similarly to the conventional ones. The only obvious difference is that they do not generate cash in hardcopy, as they are designed for virtual money. Thus, they act as a retail center for cryptocurrencies, where interested investors can acquire the coins.
Though they are still new to the market, these ATMs have gained massive popularity among the consumers. A major reason behind their unprecedented early success is perhaps the fact that they can generate up to forty different forms of virtual currencies.
Consequently, Miners at Work is working towards improving the FastCoin ATM infrastructure to cover the whole Asian continent. Besides, a considerable chunk taken off the ICO funds will be set aside for this project.
Benefits of FastCoin ATMs
- Instantaneous transactions – customers can buy and sell cryptocurrencies at any ATM terminal instantly.
- Saving money – by eliminating the need for visiting banks, a lot of money is saved.
- Serving the underserved – over half of the world’s population are unbanked. FastCoin ATMs are accessible to everyone, those without bank accounts included.
- FastCoin is a reputable institution, therefore safety of transactions is guaranteed.
Future Plans For FASTCoin ATM
In the coming days, Miners at Work intends to design mining software on their own. This will save on costs, which will be channeled to development initiatives. Also, plans are underway to develop a digital and a peer-to-peer exchange on this platform, so that user can freely trade on fiat and other altcoins. Finally, Miners at Work will launch a cryptocurrency wallet, which will act as a storage for its user digital currency.