Daegu, South Korea – November 7, 2022 (Investorideas.com Newswire) During the first half of 2022, the crypto market’s winter worsened, extending investors’ and miners’ suffering. Only in the second quarter of 2022 did the top three Bitcoin miners Core Scientific, Marathon Digital Holding, and Riot Blockchain incur a net loss of almost one billion dollars. Following the decline of cryptocurrencies, advocating The Merge to remove the need for miners to mine ETH further complicates matters. Losing miners were compelled to sell several mining devices after realizing they could not locate an alternate BTC or ETH mining solution. However, Korean “mining farms” have developed a viable alternative, namely mobile-mining technology.
Mobile mining is a revolutionary technique that increases mining efficiency while using fewer resources than the conventional mining approach. On the other hand, the exceptional characteristics of mobile-ming technology include:
The new mining technology requires less energy, produces less heat, while also being more extensive than the previous system.
The possibility to utilize mobile chips increases performance and reduces the downside of most existing miners, which is excessive power consumption and a noisy cooling system. Due to global warming, several developed nations have started recovering and disposing of mines that are currently generating significant amounts of carbon dioxide. And mobile-mining is a product that effectively eliminates each of these issues.
Optimize storage space and update quickly via FOTA (online upgrade program)
The FOTA smart technology allows devices to update software faster. With FOTA, system settings may be updated in minutes, expediting mining operations. If the update fails, the system will revert to the previous version to minimize the time the device cannot be exploited.
Mobile mining is a revolutionary technology that eliminates the majority of the drawbacks of earlier generations of miners, allowing investors to maximize mining efficiency. However, this technology still has limitations that must be addressed.
The amount of coins that may be mined is restricted
As mobile mining is a recently invented technology, many older coins are incompatible with this new method. However, this disadvantage will likely be eliminated shortly as mining workshops continue to increase the number of coins that can be mined.
Global semiconductor chip deficit
The semiconductor crisis will be the narrative of 2021, but it has not yet subsided. This issue applies not just to mobile mining, but also GPUs and specialized ASIC computers, limiting the number of individuals who can spend on a significant scale if they want to launch a large-scale operation.
With such benefits and downsides, certainly, mobile mining is still a potential place for investors who want to engage in the market via mining rather than trading. The challenge is how to use advanced mobile-mining technologies. In Korea, we will encounter the top farms in this technology, tt-mcloud being the most prominent.
Trading Coin Terminal (tt) is a blockchain platform company that began operations in May 2020 and continues attracting interest from local and international businesses. In addition, TT-Mcloud has a system of four major data centers in Korea with a combined value of more than $20 million, as well as exceptional experience and knowledge in the blockchain business.
tt mcloud delivers Mobile-mining service from the host computer and mobile chip. tt mcloud intends to become the greatest mobile ecosystem builder in the world by spreading its mobile server-based platform internationally in the shortest period possible. And is progressively integrating the business roadmap on platforms such as AI trading bots, Lotto, OTT, retail, and social media sites.
Since 2020, ttmcloud has conducted the first mobile mining on a global scale, with good outcomes in this mining sector. In addition, the firm is setting the groundwork for the expansion of its worldwide business, and both the company and its members anticipate that mobile mining will be a market-driven trend. global school.
To find out more about Trading Coin Terminal, visit the official website.
Also, follow Trading Coin Terminal on Twitter to stay up-to-date with the latest developments and services
Trading Coin Terminal
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com