Saturday, 19 May 2018

Enigma Ethereum Mining explained with CryptoPreneur UK

Enigma Ethereum Mining explained with CryptoPreneur UK

In this video, we visit the world's largest mining facility for an Ethereum. 
Ethereum is the first world computer.  It is a decentralized network that can be used by anyone and is capable of running applications with no possibility of downtime, censorship, or fraud.

These applications called ‘Smart Contracts’ require a certain kind of fuel to run them, the networks own native currency the ether.

It is a form of payment made by the users of the platform to the machines to execute all requested operations, anyone can earn ether, and help secure the network by volunteering processing power to the network - this process is called ‘Mining’.

All around the world people are using their computers at home to be a part of this collective effort. Our enigma farm is a computation cluster built for exactly this venture - if you are as fascinated by the Ethereum project as we are, and want to participate head over to our website and become a part of the project.

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