1) Connecting to our centralized mining farm: The first step involved in mining bitcoin is by connecting the Blockchain wallets of all potential miners to our GPUs and ASIC miners . It's recommended that mining resources are pooled together to increase the processing speed of the mining hardwares. The Blockchain wallet ID and password will be required to connect to our centralized mining farm. Thus we will advise potential clients to create a new Blockchain wallet with zero balance for this mining purpose. We have several programs available designed for bitcoin mining. Some are command line programs while others offer a GUI for increased ease of use. It’s also worth pointing out that some mining pools will offer their own software.
2) Communication with clients: Updates on our bitcoin mining activities will be communicated to our clients daily through email or any other platform they are comfortable with.
3) Bitcoin mining period: Each bitcoin mining period lasts for one week. At the end of the mining period, the total non spendable bitcoin mined will be shared equally among everyone connected to the mining pool.
4) Generation and Activation of private keys: The last stage of the bitcoin mining process is the generation and activation of private key immediately after receiving your share of bitcoin mined. The private keys for each Blockchain wallet must be activated before the non spendable bitcoin mined can be spent. Some Blockchain technology experts charge for activation of private keys while others don't. Cost of electricity and maintenance will be deducted from the total amount of bitcoin sent to each miner as a first line charge.
