At the end of 2017, during a crypto induced human craze we were offered the chance to teach what mining is and see how we can all get involved. We approached the situation that gives the best results to everyone no matter what they helped "rent" the machines at. Boiled down to it mining is almost damn near as "Plug and Play" as a USB flash drive. It's all about maintenance, infrastructure, and electricity. Our everyday bills!
Competitors that rent hashs that reward them with 55-85% more LTC than their customer. All you have to do is check out what their prices are and see how much one of the units cost. They're charging you the price of a new unit for 1/3rd of its mining power. At CyberC the price of a new unit gets you 95% after operating costs and CyberC Rewards.
All of 2018 any amount of LTC rewarded to CyberC over 5000 USD$/mo is to immediately go back into the operation under no one. The end result is a boost for every single person that purchases a product. The hope is at the end of the year, we all win. 🙂 This number is valid all of 2018 and May Change in 2019.
Since Bitcoins begginings cyrptocurrency needs Miners to complete math problems for the transaction to take place. We refer to these math problems as "Blocks" When you use your coin, it sends the transaction along with many others for a mi ner to solve. The first miner to come up with the soluti on is rewarded in that specirfic curptocurrency while the rest that tried to find the soluition get ZERO. (Technically) - TOdays miners connect to software called pools that allow for everyone to get a certain share of the block even if they did not find it. Such systems are referred to PPLS, and PPS. (Pay Per Share) This system works great for solo miners and is even beneficial for an MSP to offer their services. On the other hand, when you reach a target amount of miners, you don't connect to the pool. You are the pool, which increases your rewards because of your total power.
Existing Mining Service Providers offer hash rentals. Thorough research was done and we found that when compared to real time values, hash services are netting 55-85% more LTC overall than you are. They hide their own Litecoin production earnings behind these rental fees. The price of 200 MH/s worth of power pays for a unit that is 600 MHs. This means they are netting some of your funds via bulk deals PLUS 400 MH/s worth of Mining Power. One or two year contracts don't need to exist because mining equipment is meant to be turned on until it fails or the electricity becomes unaffordable, at which point it gets upgraded.
Any and all affiliate bonuses buy more mining equipment. This means more LTC for everyone! Treat yourself to one of our recommendations. 😉
When miners find a block, the group is rewarded with 25LTC which is then distributed to everyone that has purchased mining services. Power diminishes over time. Analogically we start with a train and slowly work towards a semi until it fails. One truck can haul 36,200 kilos, and a train 800,000 kilos. Either way the goods still get to their destination, just not as fast.
OPENNESS & TRANSPARENCY
Block Resets & Block Taxes
Partial Open Books Ledgers for all related expenses. A public live inventory of units to keep track when they fail, their hash rate, and model. Calculations can verify the amount of rewards that are being divided. There is some variance to this so it will not always be spot on.
In the mining business there is always the chance that electricity costs will outrun it's mining capability. At which point the system needs backup support. To combat this incoming funds are used towards the electric bill and get that much worth of mining purchase. This effects our dilution ratio which is how we keep track of Block Resetting.
No Litecoin mine can last forever. They can only be upgraded until they are not worth upgrading and then left to slowly die. We recognize this by blocking funds together at stages in our mining. This means Block "A" will only recieve Litecoin from it's equipment. Block B only from Block B equipment and so forth. Block resetting will never decrease Litecoin earned. It is only to prevent the old block from having an unfair advantage. In essence with us, your buying the units, we take care of them until there not worth anything, and that's what you get out of the Block. A block tax will be implemented from block to block in either two or three block spans. In this business we will be using a lot of leftover supplies and power distribution units from old blocks. This gives everyone a reason to look forward to the next block. It won't be much, maybe 1 to 1.25% but that can turn into a large amount in the future!
With mining comes diluted rewards based on infrastucture and business costs such as power supplies, electricty runs, ventalation and more. This results in less mining power overall. Right now it looks like this dip fluctuates between 10-20%. This means at anytime everyone receives 10-20% less Litecoin. This is the what our competitors follow in house for themselves, we just tell you about it and you walk away with more LTC!!!
We are taking an off the wall approach with our mining setups. Living in Ohio, CyberC has this awesome resource called basements. Basements if in the right location are naturally cool all year round. We take davantage of this by venting machine heat outside. Units then require limited or no secondary cooling, even in the summer. In the winter, adjustable vents can direct the heat of the units back into the house. Current operations have already been doing this and has kept the house 51 degrees by itself a majority of the winter! - Since we are using select homes for installation, we are making a bargain: Let us use 130-150 AMPs worth of building, we pay the internet, electricity, and you have to deal with us taking care of it. Minifarms don't require alot of attention. We can treat it like a vending machine route! -
We mine Litecoin and give it to our supporters as long as we can. This means until the block is no longer profitable. Remember, new blocks are taxed by the previous block for using already purchased resources. Also any old Hardware is on stand by increase of price inflation.
Hardware stakes that last as long as the hardware. That's how simple this is! This works as long as we follow the dilution ratio and perform block resets. If hardware is outdated and useless, It will be stored away until it can be used again. ASIC miners have virtually zero after-usage value. If we can sell it, then all funds go into the next block and that portion of LTC is given to the previous block. Machine value decreases with mining complexity but at the same time can increase if the current value of Litecoin goes up.
Determines the amount of LTC to be distrbuted to all those that purchase.
Determines how much Litecoin you earn in relation to your purchases (I) and total purchases of the block (T)
We are aware there are many scams out there. That's why we do our best to provide public openness. Our services are come with technical security and know how. - A lifelong tech guru with an A+, Net+ and Sec+ CompTIA certification record. These arn't certifications that give us coding credibility. This street cred is more aligned with "What to do, and what not to do". For Example, never keep LTC stored on anything but hardware wallets. We are based in Ohio, USA and say what we want so you feel more comfortable with us as a supporter.