CRYPTOTECH is a company that sells and distributes specific products for cryptocurrency mining.
Cryptocurrency mining is a fun and profitable business with high performance bitcoin mining hardware and machines. Beyond any doubt, cryptocurrency mining is highly competitive especially for well-known coins like Bitcoin. Our expertise and advanced cryptocurrency mining systems will enable you to have a great mining experience!
Short History of Cryptocurrency Mining
In January 2009, the Bitcoin network came into existence in January 2009. Unlike traditional currencies, Bitcoin offered a digital medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. With the release of first open source software, which had a reward of 50 bitcoins, individuals were able to mine this cryptocurrency.
Note that 50 bitcoins worth more than $200,000 as of 2017.
In the earliest months, individuals used their desktop and laptop computers with Satoshi client to do mining.
Back in the day, you can mine with a desktop or laptop computer using the original Satoshi client. Later on, people found out that graphics cards were much more efficient than CPUs. Thanks to their parallel computing power, the best GPUs are 50 to 100 times more powerful miners compared to CPUs. On the other hand, other digital currencies (some with different hash algorithms) have entered to the worldwide cryptocurrency market, such as Litecoin, Namecoin, Ethereum, Dash, Zcash, and Siacoin.
That is to say, years have passed and the mining difficulty only increased. However, the most important piece of cryptocurrency mining has not changed, mining hardware.
From this brief history, an important key point can be deduced:
Cryptocurrency mining is an arms race and it rewards early adopters. If you wait too long to join the mining gold rush of a particular coin, the system difficulty will prevent you from profiting.
As CRYPTOTECH, we offer you our expertise to take your place in this competition. You can visit our Shop to find most advanced cryptocurrency hardware.