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MINING
RIGS AND FARMS

  • Build efficient, scalable Mining System solutions

  • Leverage exciting innovations in mining: Coin Switching, Merged Mining and Cloud Mining

  • Create efficient software to mine your coin of choice: minimize downtime, maximize profit

  • Create efficient, scalable Hardware solutions

  • Tested solutions, customization and continuous support

"In digital mining, processing replaces pickaxes, cryptography replaces bedrock and energy expenditure replaces heavy labour."

What is Mining?

Mining a cryptocurrency involves solving a cryptographic puzzle by brute computational force; a process called Proof-of-Work.
Only the first party to complete this puzzle gets rewarded. Miners, for their work, are rewarded in cryptocurrency.
 

Mining involves solving a cryptographic puzzle by brute computational force; a process called finding Proof-of-Work. 

A miner applies his computational power to find a procedurally valid number.
Since this number is entirely random this can only be achieved through continuous tries or work. Finding this number, therefore, is evidence of a miner's work, hence, Proof-of-Work.

 

In providing Proof-of-Work, Miners validate blocks and obtain the associated block rewards and transaction fees.
 

Read Article: Mining: What to Consider

Optimize your choices
Maximize Profit
 3 Questions

What Hardware set-up?
What Software set-up?

Which Mining Pool to join? 

MINING STRATEGYOngoing support throughout the course of your Mining Venture  

Partake in Network governance including Network democracy, Improvement Protocol Voting, Soft Forks, Hard Forks and Chain Splits.
Claims and Refunds
Forks and Chain Splits

1. Choosing your Coin

Your coin of choice will be the guiding force in the mining process
The coin you mine will be the fruit of your labour.
Determining the current value of the coin against variable costs will determine whether your venture is contemporaneously profitable.

Since DLTs are in their infancy and markets being erratic, it is important to base your decision on the projected asset value or ease of Exchange
When estimating your digital asset’s projected value you should include close consideration of (but not limited to) the following:

  • Features:
    Different coins have different features, which, in turn, determines their utility. Features are likely to be the most prominent reason for their adoption.

  • Team:
    Blockchains are dynamic and features are needed to be updated and bugs need to be ironed out.
    A highly decorated development team will always bring added value and mean that ambitions for the coin are likely to be seen through.
    Whether done by a corporation or an open-source community, a dedicated community will ensure the longevity of the project and sustain the likelihood of plans and timelines coming to reality.

  • Adoption:
    The adoption of the coin will ultimately serve as the lever for demand.
    Certain coins serve as stores of value, others being primed for arbitrage.

  • Fungibility:
    A highly fungible coin will allow near instant exchange with favourable exchange costs on a trusted exchange platform.

  • Inflation Policy:
    The rules of the network determine the number of coins to be released over a period by mining.
    Supply will be a large determinant in the coin’s scarcity and value. (Certainly, an increase in adoption, proportionate to increase in supply will be a factor in value.)

  • Decentralization:
    Cryptocurrency networks achieve consensus on ownership of digital assets. Blockchains can be said to reliably do this if the network is shared amongst a diverse number of nodes that cannot feasibly manipulate the ledger.
    The extent of decentralization can imply greater stability and security to the network.
    Further, heightened distribution means that the less susceptible the network is to hacker attacks, national regulations, power outages or natural disasters.

  • Difficulty and Competition:
    Difficulty is the measure of how difficult it is to find a hash below a given target. It is effectively the determinant of how many calculations the network must do to obtain associated block rewards. (Difficulty does not take into account the number of competing nodes)
    Increasing difficulty, alongside increasing mining participants, alongside increasing network hash rate can exponentiate the competition for reward and reduce rewards over time.

     

2. Choosing your Hardware

Whilst, in theory, a person can use any computer can mine for any coin, a profitable mining venture is grounded on building a highly efficient hardware set-up best suited to the objectives.
The maximising output will be the key objective when choosing your rig.
The profitability of a mining system is determined by Hashrate/Total Network Hashrate. 
The choice between compatible hardware should be made on the maximal output of hashes for the relevant algorithm.

  • Pre-Built Rigs:
    These machines are built for a particular purpose. Prebuilt rigs are typically ASIC-machines, a computer which uses ASICs instead of the hardware used in conventional consumer-facing machines, in order to maximise efficiency in applying a particular hash function. 
    As a trade-off for optimised performance on this particular task, they are not as well-suited to performing any variation on this task.
    All mining rigs are subject to updates warranted by increases in mining difficulty and the release of more advanced hardware requiring replacement of older systems for newer ones.
    With Pre-Built Rigs or ASIC machines, any changes in mining algorithm or a fall in profitability will warrant exchanging systems for an entirely new system.

  • Custom-Built Rigs:
    These machines are built-for-purpose.
    They have separately sourced components, offering more malleability in a mining venture.
    Custom-Built Rigs comprise of Fixed Hardware; ancillary components that are required to make the system work such as motherboards, PSUs, RAM etc. and Variable
    Hardware; the active components of the system that separates a mining rig from a regular computer. 
    Specific CPUs, GPUs, FPGAs and ASICs will offer certain advantages for mining each coin or algorithm.

    Upgrades to custom built systems are often easier and lower in cost than with pre-built systems since only some of the components of the entire system will need replacing. 
    Further, custom-built systems give a degree of flexibility that pre-built systems do not. Custom-builds facilitate changes in the coin’s algorithm and allow for a miner to switch between mining different coins.

     

  • **Resale: 
    Components of custom builds are often very marketable since there is often high demand for these high output GPUs in gaming, videography and image processing.

    After use, well-sourced and well-maintained parts with in-tact warranties can salvage up to 70% of initial costs.

     

3. Choosing your Mining Pool

Choosing a pool is a requisite in most mining ventures. 
Since mining is probabilistic in nature joining a pool can mitigate luck as a factor in mining. Mining pools offer more stable payouts and more predictability than solo-mining.
A pool aggregates the hashing power of many nodes, making it more likely that a block will be solved. The pool will then distribute associated block rewards and network fees proportionately depending on how much hashing power each miner donates.
Miners should join a Coin’s mining pool upon close consideration of The Pool’s reputation, commission fees and compatible mining software.

4. Choosing your Software

The malleability of your set-up will be determined by the software set up you chose.

  • Efficiency and Maintenance:
    Software choices can factor in the efficiency of your system as a whole.
    A good software configuration will minimize maintenance requirements of hardware and software and will minimalize system downtime.

    Good mining software can offer optimizations on Hashing output, although they typically offer this in exchange for voluntary donations (as a % of mining rewards.)

  • Merged Mining
    Some software allows for Merged Mining, the simultaneous mining of two different cryptocurrencies using the same computational power that it would have taken to mine just one of the cryptocurrencies. 
    Merged mining is possible when two cryptocurrencies both use the same Proof-of-Work algorithm and have similar or the same difficulty.
    Coins with merged mining capabilities can allow miners to effectively recycle their hashing power and get many times the output from their mining venture.

5. Sourcing your Energy

  • Cost:
    Energy expenditure will typically be the highest variable cost in a mining venture and an ongoing expense.
    Energy cost will correlate directly with work done and reward received.

  • Stability:
    Particularly with large-scale mining ventures, it is important to have a stable source of energy at all times.
    Poorly sourced energy supplies will lead to downtime for your system and badly wired or sub-industrial grade wiring can cause damage to your system and risk fire hazard.

  • Custom built hardware and software solutions.  Enhanced efficiency and Optimized Profitability

  • Compatible with Multiple Coins, Hashing algorithms and Hardware Systems

  • Leverage innovations in Mining; Merged Mining and Coin Switching 

  • Marketable solutions: Analytics tools, Device and Profile Management, Custom built Pools

  • Customized Security Solutions: Military Grade Encryption, MultiSig Wallets, 2FA, 3FA, ECDCS , ECDCS Encrypted Cloud Wallets, 

Begin Your Mining Venture

Begin Your Mining Venture

  • Custom built hardware and software solutions.  Enhanced efficiency and Optimized Profitability

  • Compatible with Multiple Coins, Hashing algorithms and Hardware Systems

  • Leverage innovations in Mining; Merged Mining and Coin Switching 

  • Marketable solutions: Analytics tools, Device and Profile Management, Custom built Pools

  • Customized Security Solutions: Military Grade Encryption, MultiSig Wallets, 2FA, 3FA, ECDCS , ECDCS Encrypted Cloud Wallets,