biteer.biz

Here's what it says on the biteer.biz website:

2014 Baldwin founded the Biteer studio in University of Reading, 2 years in the use of self made electric energy to extract 10000 bitcoin, and received a number of private mine owners to cooperate with the invitation. in 2015 participated in the Singapore hosted the cloud bitcoin World Conference and proposed an effective solution in the meeting. Biteer Limited in 2016 officially landed in London, and many of the world's private mining cooperation. Biteer provides new energy technologies and cloud computing for many mining. At the same time to provide investors with private mining services. In order to improve yield, 2017 we will build more "Super cloud mining", investors can get good returns by investing Biteer, provide global services Bitcoin mining can be an interesting experience, but sadly it seems that small at home hobbyists are being outcompeted by large mining farms. Two major issues facing those wishing to mine at home is the cost of electricity and getting equipment in on time. Many of the large farms make their own equipment, which gives them another advantage because purchases from ASIC (application specific integrated circuit) producers typically have long lead times. These ASICS are computers that do one thing and one thing only: run the hash algorithm. Mining today is dominated by these ASICS. Speed is shown in "hashes per second." Many miners today generally operate in the terahash range, with large farms operating in the petahash range. For comparison, the speed of the entire bitcoin network at the time of writing was 413.916 petahashes. You can see a more current chart here. The total mining speed of the network influences the difficulty of the blocks every 14 days. The network attempts to compensate for the amount of processing power bitcoin has access to by making it harder or easier, trying to keep the average time to find a block at about 10 minutes. So as the global bitcoin hashing power increases, the difficulty increases, which means earnings for the same hashing power generally decline over time. About every 10 minutes a new block is sent out into the network, and the entire network enters what is essentially a big lottery. Mining pools were created to make payouts more predictable. Miners combine their hashing power under a pool, which has enough hashing power to win the lottery on a more consistent basis than mining alone. A pool that has 15% of the networks hashing power should win 15% of the time. The pool then divides up the earnings from the block among individual miners based on their contribution, and there are many different ways to do this. Click here for more information on different payout systems. Most methods are pretty fair, and in the long run all pools will theoretically pay out about the same to you if given enough time. The things to look out for are fees and whether or not they pay transaction fees. Transaction fees vary by block, and are the culmination of all of the fees that took place when that block was created. Personally, I would place much more emphasis on the pool fee when choosing. However, be aware that not all pools are trustworthy. For example, I used Ghash.io for some time and for some reason the payouts didn't seem to compare to other pools I had used. I've never had any issues with Slush's pool or Antpool, and the average payout per day is what it should be. We offer the purchase of Bitcoin hashrate, you can buy according to their own circumstances, the higher the hashrate, the faster the speed of bitcoin mining (such as 1000GHS required investment funds is 0.01bit coins, Bitcoin exploitation rate is 0.0001BTC / day or so.) Our daily dividend payment, in GMT AM9: 00-AM10: 00 paid by the system unified, members don’t need to manually withdrawals, according to the daily bitcoin mining difficulty, the daily range of income will be in the 1.0% -1.2%. When we receive the member's Bitcoin (usually 1-3 hours, no more than 24 hours), members will have the corresponding hashrate, the higher the hashrate, bitcoin mining faster (such as 1000GHS The required investment capital is 0.01 bitcoin, Bitcoin mining speed is 0.0001BTC / day or so.) The real bitcoin mining is not so high income, in the real bitcoin mining, our earnings are the highest. We are not a rob Peter to pay Paul game, this is a real Bitcoin mining investment plan. Of course. For us, more people can join us to buy better and more advanced Bitcoin mining equipment, so we welcome more people to join. As a member, when you recommend a new member to join, you will get 8% of the amount purchased by the member as a referral bonus. We are the real Bitcoin mining company, we will always update Bitcoin mining data, and according to mining difficulty, to the members of the dividend, the daily earnings range is 1.0% -1.2%. Biteer is a global cloud mining program, everyone can participate in our mining plan, which also means that more people to join, can make our mining efficiency greatly improved. In order to allow more people to participate in our cloud mining program, we offer a high referral bonus. Our referral bonus is 8%.