The recent rocket in Bitcoin prices has attracted the attention of more main investors, and this currency has gradually stepped out of the darkness of embarrassment. However, another risk arises. That is the higher the price of Bitcoin is, the more people mine Bitcoin.
Bitcoin mining requires a huge amount of energy that Bitcoin miners use.
According to BlockChain.info statistics, in April 2013, when each bitcoin is valued at about $ 100, all the electricity consumed by bitcoin mining machines was up to 1,000 megawatt hours per day, enough for 31,000 US households spend, worth up to 150,000 USD. But in December, the figure of 105,000 megawatt hours per day would spend about $ 15.8 million. As of December 4, people mined 4,800 bitcoin, So roughly, each bitcoin costs up to $ 3,300 of electricity. Compared to the price of bitcoin at $ 1,146, "mining" each bitcoin, "miner" losses over $ 2,000.
Bitcoin is not tied to any central bank system but it is mined by computers to form huge networks that consume huge amounts of power. The Digiconomist published the data on November 27, 2017, the global electricity for Bitcoin mining is 30.23 TWh per year, equivalent to 0.13% of the electricity consumed worldwide.
In Venezuela, many regions across the country have lost power due to Bitcoin mining groups. In China, hydropower plants have lost huge amounts of electricity to Bitcoin mining systems.
The Digiconomist also figured out that Bitcoin currently consumes an average of 32TW of electricity per year (equivalent to 32 billion kW of electricity), and this figure is sufficient to supply more than 3 million households living in the US .
Accordingly, by 2019, the amount of electricity used for Bitcoin transactions could be equal to the electricity supplied to the entire United States. Six months later, that amount of electricity could be equal to the amount of electricity consumed worldwide. This has made the amount of greenhouse gases on Earth rise and make climate change worse and faster.
How does Trustinvestment work?
Trustinvestment is cryptocurrency mining service, providing an easy and safe way to buy mining power without having to install complex hardware and software.
Our team of cryptocurrency experts has extensive knowledge of the digital currency field that builds the most effective and reliable cryptocurrency mining facilities. Trustinvestment is aimed at professional investors who want to access the potential of Bitcoin cryptocurrency and other digital assets.
Our flexible strategy is based on the following three technologies:
GREEN ENERGY EXPLOITATION PROJECT (solar energy)
Mining electronic currencies such as Bitcoin cash (BCH) and Bitcoin core (BTC) needs to use electricity to supply power for ASIC machine to bring benefit from exploitation. In the past few years, when digital assets became increasingly popular and the hashrate SHA-256 (BTC and BCH consensus algorithms) rose to the highest level of all time.
However, 78% of devices in our Bitcoin mining system use renewable energy sources such as solar energy.
The benefits of solar panels are increasingly superior to electricity. Miners can get cryptocurrency with incentives, “this renewable energy source can be used, with a reuse of up to 72% of used heat”.
MINING WITH ASIC CHIP
Application-specific integrated circuit is a device with circuit and chip designed specifically for cryptocurrency operation. It is called a “plowing machine” because of its higher performance, to distinguish it from VGA miner - that means using traditional computer graphics cards to exploit cryptocurrency.
ASIC is a chip specifically designed to perform only one task. Unlike FPGAs, an ASIC cannot be changed to perform other tasks. An ASIC designed to mine Bitcoin and ASIC's inflexibility is offset by the fact that it provides 100-fold hashing capability compared to CPU and GPU, while reduces power consumption compared to all previous technologies.
The table compares the cost of electricity to mine a bitcoin of Trust Investment and other countries:
|Niue Island||$17.566||13,76 times||$-8.999|
|South Korea||$26.170||21,99 times||$-17.603|
Source: According to the report of Elite Fixtures of electricity price analysis of 115 countries (May 2018). The electricity cost of Trustinvestment is $ 0.023/kWh, based on the difficulty of Bitcoin mining from March 2019.
Technology developed by us, representing solar energy exploitation clusters - modular, portable, flexible, low maintenance, autonomous and self-contained maintenance designed for optimal extraction speed.
Our flexible strategy is based on the following three technologies:
Solar energy exploitation project
The project uses Asic mining chips
The project uses artificial intelligence in transactions
It’s quick and very easy! As soon as we receive your payment your contract will be added to your profile, and you can immediately start mining. Depending on the blockchain algorithm you select and the associated mining service agreement you enter into, you can either mine native cryptocurrencies directly or allocate your hashpower to other cryptocurrencies (marked with AUTO), and even choose a specific allocation for them. For example: 60% LTC, 20% BTC and 20% DOGE. The first mining output is released after 48 hours, and then a daily mining output will follow.
Remark: Every day of mining will be processed and sent to your account in the following 24 hours after the mining day is over.
Besides the fact that we ourselves mine with the very same hardware that we offer to our clients, our capital is limited. We believe that Bitcoin and Altcoin mining is one of the best ways to receive Cryptocurrencies, however, we do not want to “put all our eggs in one basket”.
For security reasons, we do not disclose the exact location of our mining farms. As of June 2019, we are operating several mining farms that are located in Australias, America and England. Electricity cost and availability of cooling are important, but not the only criteria.
We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).
Our internal policy is: “be a good crypto citizen”. This means, that we will at least use two different pools (in some cases we use up to four) for each coin. This is to preserve the decentralized nature of the crypto networks! If we become aware that a pool is getting close to 50% share, we will switch away from it and use a backup instead.
You are able to mine Bitcoin and various altcoins directly via our mining allocation page. The availability of cryptocurrencies you can mine depends on the contract you have chosen.
The mining output will default to the following for the given blockchain algorithm:
SHA - 256 contract - Bitcoin
X11 contract - Dash
Ethash contract - Ethereum
CryptoNight contract - Monero/Monero Classic
Scrypt – Litecoin
Most cryptocurrency protocols utilize different proof-of-work mining algorithms to enforce their blockchain rules. In the table below, you can see what type of architecture we deploy for mining the available cryptocurrencies.
Thanks to the use of solar-powered bitcoin, we cut our excavation costs by up to 70%. Solar energy is not only the cheapest type of energy, but it also helps us save on the cost of transferring nets and taxes. The profit we gain compared with the investment capital is 30-42% / month
The profit we gain from this Asic excavator system is 18-30%.
Some of our products have a maintenance fee attached.
The maintenance fee covers all costs related to mining including, specifically:
In sunny day, the sun provides about 1 kW/m²/1 hour to the ground, every hour, every kWp solar cell will produce 1kWh of electricity, on average 4-5 hours per day. Therefore, our system achieves efficiency of 20% - 28%. Common capacity from 355Wp to 468 Wp.
Thanks to the use of solar-powered, we cut our mining costs by up to 70%. Solar energy is not only the cheapest type of energy, but it also helps us save on the cost of transferring nets and taxes.
We build the system for mining bitcoin Asic Antminer S9-14TH / s currently using BM1387 mining chip. The world's first Asic mining is based on a 16nm point production process (1nm = 10-6). The BM1387 chip is built using TSMC's 16nm Finnfet technology, and provides a 0.098 J/GHs performance which is the world's most efficient bitcoin mining chip in the consumer market. Each Antminer S9 uses 189 such chips to provide more and higher efficiency than any bitcoin miner has ever made.
You will be given the choice of investment levels and investment dates that are appropriate for your financial budget. At each level of investment you will receive different benefits. Specifically:
|Investment Levels||Investment term||Investment Interest||Trustcoin Bonus|
|$100 - $100,000||3 month||8%/month|
|6 month||10%/ month||5,000 Trustcoin|
|9 month||12%/ month||10,000 Trustcoin|
|12 month||15%/ month||20,000 Trustcoin|
|Profits are paid automatically daily by ETH|
Customer service is our highest priority! Making decisions is not only about having a good feeling but also about understanding the business concept in detail. Therefore, if you need any help, our agents are available to assist you via chat.
Keep in mind that account-related questions, which require a detailed check, need to be submitted via ticket from the “Contact Customer Service” section on your Trust Investment account or our web form (at the bottom of this page). Since the quality and promptness of our response also depends on the request you have submitted, please make sure to choose the right service topic from our drop-down menu. If the wrong one is selected, it can delay the resolution of the ticket.
We are looking forward to hearing from you.
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Please contact our customer service team directly.
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Very simple - anytime you recommend using your referral link, they will receive benefits according to the rate in the following infomation:
Introducer does not need to invest
Receiving 40% of daily profit of investor
Add 10% of profit of there are 10,000 trustcoint or more in account
Profit is daily paid by ETH or Trustcoin
Let us know! We really want to hear your feedback, so send your opinions to [email protected] and you will receive our support. We are always working to improve our program and your feedback is essential to help improve the best program possible.
Keep in mind that the quality and promptness of our response depends on how accurately you fill out the Contact form. Our drop down menu has several options, and if the wrong topic is used, it can delay the resolution of the ticket.
We are looking forward to hearing from you!