TheBitGoldMine Review – How The Bit Gold Mine Payouts Might Work?

The Bit Gold Mine is an industry top Bitcoin cloud mining pool. Mining on autopilot with their intelligent algorithms allows you to make as much Bitcoin as possible. They aim to supply users with the simplest possible way to generate money without having to do some of the hard stuff.

It should be noted that the potential returns from the Bit Gold Mine have not been verified and should not be taken at face value.

With data centers in Asia, using dedicated Up-Links and 99% uptime they claim to have decided to keep bills down and mining energy high, meaning you could make more in a shorter amount of time than what it would take to mine from your home for example.

Cloud mining is greatly suited for novice miners who would like to try out mining and earning cryptocurrency as well as seasoned miners who don't want the hassle or risks of hosted or home-based mining.

The Bit Gold Mine Plans

TheBitGoldMine v1.0 Free

• Earning Rate: 10 Satoshi/min
• Profit per day: 0.00015 BTC

Basic Version 1.1

• Earning rate: 110 Satoshi/min
• 0.0016 BTC per day
• Affiliate bonus 30%

Standard Version 1.2

• Earning rate: 690 Satoshi/min
• 0.01 BTC per day
• Affiliate bonus 40%

Standard Version 1.3

• Earning rate: 3500 Satoshi/min
• 0.05 BTC per day
• Affiliate bonus 50%

Premium Version 1.4

• Earning rate: 17360 Satoshi/min
• 0.25 BTC per day
• Affiliate bonus 60%

The Bit Gold Mine Results

• The Average Profit Per Day: +0.74%
• The Average Profit Per Month: +15.98%
• The Average Profit Per Year: +191.93%

What Is Bitcoin Mining?

Bitcoin mining is intentionally designed to be resource-intensive and hard so that the amount of blocks found each day by miners stays steady. Individual cubes must contain a proof of work to be considered legitimate. This proof of work is confirmed by other Bitcoin nodes every time they get a block. Bitcoin uses the hashcash proof-of-work function.

The main purpose of mining is to permit Bitcoin nodes to reach a protected, tamper-resistant consensus. Mining is also the mechanism used to present Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins.

This both serves the role of disseminating new coins in a decentralized manner as well as motivating individuals to give safety for the system.

Bitcoin mining is so called because it looks like the mining of different commodities: it takes exertion and it gradually makes new currency available at a rate that looks the pace at which commodities such as gold are mined from the ground.

What Is Proof Of Work?

A proof of work is a bit of data which was difficult (expensive, time-consuming) to produce so as to satisfy certain requirements. It must be trivial to assess whether data satisfies said requirements.

Producing a evidence of work can be a random process with low likelihood, so that a lot of trial and error is expected on average before a valid evidence of work is created. Bitcoin uses the Hashcash evidence of work.