Mining has always been considered a vital part in the Bitcoin network, because it can verify transactions and create new blocks to the blockchain, and it can maintain the overall circulation supply by creating more new Bitcoins.
The mining of BTC in 2020 will have an interesting beginning, because according to the current currency price and difficulty estimates, nearly 3 billion worth of bitcoins will be mined. Based on this prediction, we can estimate that Bitcoin's blockchain will create a total of nearly 1,800 bitcoins. However, after the halving, the minted BTC will be reduced to 50% of the current amount, which is lower than the inflation rate of US dollar.
The Bitcoin mining industry has become a billions dollar industry, and many large companies are trying to establish further control.
It can be seen that the profit of BTC mining has a big possibility to increase in the future.
With leasing or buying cloud hashrate to users, Weminer provides real hashrate for mining, reducing a complex steps such as purchase of mining machines, selection of mining farm, and daily operation and maintenance. Users can easily purchase cloud hashrate product and start to enjoy the benefits of Bitcoin mining.
Cloud hashrate has gradually become a good option for users who want to mine Bitcoin,
1) Cloud hashrate is more profitable
We regard the mining machine as a company. It pays you dividends every day and pay back your investment within a certain period of time, the risk is lower.
2) Hashrate mining is the process of buying Bitcoin at a low price.
Cloud hashrate builds the value of BTC. If you have a certain economic foundation, you must understand the relationship between price and value. Value is the intrinsic value of commodities, and price is the manifestation of value. Price will fluctuate because of supply and demand, and value depends on intrinsic costs. It is more cost-effective to buy BTC at a lower price. In the long run, mining is a low-cost way to get BTC.