What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was crowdfunded during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Just like bitcoins, ethereum can be mined using specialized or dedicated computers. Since I’m from the Philippines. Setting up a mining rig here is not profitable due to high temperatures specially during summer season and very high electricity cost. Mining rigs parts and accessories are also hard to find here in our country. Shipping these devices will also cost a fortune. That’s why in our place, I can only mine coins using clouds.
There are a few trusted cloud mining sites that offers multiple coins or cryptocurrency that can be mined at a time. If you would like to venture into ethereum mining, here are the sites that offer FREE cloud mining contracts. You can mine ethereum using your bonus coins and buy mining power. You can also mine bitcoin, litecoin, dogecoin and other altcoins in these cloud mining sites.
As of this writing, ethereum’s price is about $8.00 per coin. (1ETH=$8.00)
Start Mining Ethereum Coins for Free at these sites:
Click the banners to register and start mining ethereum.
TOPMINE CLOUD MINING
Happy Mining mga Kabayan!!! 😉