Mining crypto

Crypto Mining Made Both Profitable and Fair

Disclaimer: The text below is an advertising article that was not written by Cryptonews.com.

The cryptocurrency mining space has evolved dramatically from its earliest days over a decade ago. However, if you feel like you’ve missed something, there is still time to start and even make a profit – if you trust a tight-knit community, facilitated by an ethical mining operator where you, the user. , own the mining equipment. This is where Summit Mining comes in: in business since early 2019, the team has strived to offer a fair and ethical approach to what it calls Community Mining which is much more profitable for its customers than for its competitors.

Ownership

The most important aspect of Summit Mining is ownership: instead of you just leasing mining equipment to them, your investment is used to buy new equipment that you own, while the company takes care of it. It may not be physically yours, but once you decide to quit mining, your initial investment is paid back relative to the price of the material purchased with it. It may even mean that you are receiving more than what you initially invested, as the price of miners tends to move with the cryptocurrency market and current mining difficulties.

Equity

As mentioned, your investment is used to purchase mining equipment. However, you are not indebted for the same equipment: your monthly mining reward is given from a pool of all the coins mined during the period, proportional to your investment, in a process called pooling or pooling. resources. This means that no participant has to suffer the consequences of “their” mining equipment not keeping up for whatever reason – whatever is mined is shared with everyone, and the only factor that can change the amount owed is is the amount you are investing in. on a monthly basis.

Transparency

Another important facet of Summit Mining is transparency: instead of navigating complex calculators on the websites of cloud miners (if they offer calculators) while wondering if and how the return on investment changes with the market. , Summit Mining works hard to keep their entire business fully visible to their customers. This includes weekly live meetings where the team presents their current activities, news, progress, as well as answers to questions customers might have.

Summit Mining’s business approach facilitates a vibrant and tight-knit community made up of people with a passion for cryptocurrencies. Customers are encouraged to join a very active Discord chat channel where they can share ideas, answer questions from others, and discuss new opportunities.

Five cryptocurrencies

Summit Mining currently operates five cryptocurrencies: We currently mine five cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH) and Zcash (ZEC). All customers receive all currencies in five separate payments at the start of each month and then decide what they want to do with it. You will not be able to choose the currency you prefer. In fact, this is a good thing: with a diversified portfolio, you are already hedged against market volatility.

Profitability

The volatility of cryptocurrencies means that there is never any guarantee that mining will always be profitable. When using Summit Mining and mining is no longer profitable at all, the worst case scenario for customers is a 0% ROI. The company itself simply disconnects unprofitable machines until they become profitable again. Customers will never have to pay extra to cover mining losses.

Costs

Nothing is free, but you’ll pay much less at Summit Mining than elsewhere, with a much better return on your investment. Their management fee is 15% of your monthly profit. In other words, if the month hasn’t been profitable, they won’t charge you anything. The company relies solely on this business model, so you won’t be surprised by any hidden extras or the fine print.

Conclusion

Summit Mining is unique in the mining community in that it is not really a cloud mining service – you don’t lease mining equipment, you own it, but it is kept. in a professional environment and hand-selected by veterans of the niche. In other words, you get all the benefits of cryptocurrency mining without any of the hassle that typically comes with machine maintenance, utility bills, and the speed at which some mining hardware becomes obsolete. Joining a progressive-minded company like this puts you at the forefront of a rapidly changing industry that is still in its infancy. All you have to do is give yourself a chance.

Visit Summit Mining and use the special code CRYPTONEWS to get 30% off your management fees for 6 months!