Cryptocurrency networks need computational power to run securely. The world’s most powerful
blockchains are supported by millions of computers around the world. Unlike paper money, Bitcoin
and other cryptocurrencies are produced mathematically and held digitally. The people who
voluntarily offer their computing power to secure these cryptocurrency networks are called
miners.
Cryptocurrencies don’t have a central government or other so-called ‘middlemen’ that decide
about the future of the system. – They are in fact digital, borderless democracies in which
miners vote with their computing power to reach order and consensus.
HOW IS BITCOIN KEPT SECURE
The only way to not create money out of thin air or corrupt it, is to burn real energy. This is
called Proof-Of-Work. Today, bitcoin is the most secure computer network on the planet and it’s
practically impossible to break it! The reason for that is hash power, the umbrella term used
for the computing power that miners provide to the bitcoin network and similar cryptocurrency
networks. Due to the rapid growth of the ecosystem, mining operations today are mostly running
with specialized high-performance computers that function most efficiently set up in large data
centers.
WHAT ARE THE INCENTIVES FOR MINERS
It all comes down to trust: Miners keep the blockchains trustworthy and are rewarded for their
efforts. As miners, we are processing and verifying the transactions of the cryptocurrency
ecosystems and keeping their public transaction history (blockchains) maintained and secure. For
this, the mining community is rewarded with the networks’ transaction fees and newly created
coins. It’s a win-win situation! When you start mining with us, you are getting your share of
this reward.
THE BIG VISION OF CRYPTO CURRENCY
To keep the integrity (and values!) of all cryptocurrency ecosystems intact, miners keep the
networks safe and its authority decentralized by keeping each other constantly in check. This
allows both a healthy growth and a fair distribution of currency units to all crypto-citizens!
