The New Gold Rush Isn't Gold

The New Gold Rush Isn't Gold

Cloud Rush USA: Digital Currency is the New Gold

The original Gold Rush was a significant period in California’s history between 1848 and 1855 that brought over large swathes of settlers hoping to strike it rich and change their lives for the better. The arrival of these miners and their families forever shifted the economy, population, and culture of both the Golden State and the country as a whole, and while there’ll likely never be anything quite of its same magnitude again, in the last decade we’ve witnessed the rise of a comparable phenomenon that has permanently altered the digital landscape: The advent of cryptocurrencies and the practice of mining them for rewards.

Modern miners are armed with the latest and greatest in graphics cards and computer hardware setups, as opposed to the pickaxes and shovels of their old West counterparts. The more powerful their machines, the greater the chances of receiving rewards for performing complex computational calculations on networks that utilize the proof-of-work (PoW) consensus mechanism. Their gold? Digital Currency, and plenty of it. Arguably the most popular digital asset in the world, Bitcoin is often referred to as “digital gold currency” for its scarcity and value. It’s the preferred crypto of most miners, with 90% of the 21 million that can ever exist having been mined so far.

No need to get discouraged, however, as the last Bitcoin is only expected to be mined in February of 2140.
While the earliest miners have had the most lucrative careers thus far, there are still many mining efforts ongoing to this day, both at the individual and large-scale level with no signs of slowing down. In fact, the crypto mining hardware market is projected to grow by $2.82 billion over the next four years. Corporations are also getting in on the fun, with publicly-traded companies such as Riot Blockchain (RIOT) and Marathon Digital Holdings (MARA) operating massive Bitcoin mining operations throughout the United States. Of course, Bitcoin isn’t the only crypto being mined, Ethereum is a close second and a slightly less competitive choice for many. Mining hardware for other altcoins including Dogecoin can also be found online with a quick Google search.

Whether it’s done by individuals or enterprise, crypto mining is here to stay and will only increase in volume as time goes on and technologies continue to advance. It truly is a new digital gold rush, ushering in a new era of wealth opportunities and opening doors for those who may not have otherwise had the chance to grow their fortunes.

Best Filecoin Miners California Info



Contact Cloud Rush USA for more information.

Cloud Rush USA is a Southern California based cryptocurrency mining facilitator specializing in Filecoin mining plans. The views and opinions expressed on this Site are solely those of the author(s) and do not necessarily reflect the views of Cloud Rush USA or its employees. The content provided on this Site is for informational purposes only and should not be construed as investment, financial, or other advice.

657-345-5984
Cloud Rush USA
1 Pointe Dr. Ste 530
Brea, CA 92821
info@cloudrushusa.io

CLOUD RUSH USA APP | FACEBOOK | INSTAGRAM | TWITTER | LINKEDIN | GOOGLE MY BUSINESS REVIEWS | YAHOO | NEWSFILECORP | NASDAQ | KTVN NEWS | MEDIUM | BLOGGER | REDDIT | QUORA | TUMBLER

Location: California, USA

Comments

Post a Comment

Popular posts from this blog

Will You Play NFT Games, and Why?

Image
Will You Participate in NFT Games and Why? Blockchain-based GameFi games have been growing in popularity in recent months, thanks to the rise of cryptocurrency and NFT trading around the world. If you’re unsure as to why people play these games or the benefits they can bring to their players, this article is for you! Here we’ll be breaking down a little bit about the GameFi space to help readers understand what it’s all about and why you may want to consider jumping into the world of NFT games. . 1. Entertainment: First and foremost, think about it: why do people play regular video games? For fun of course! Games are a great way for people to relax and unwind after a long day and stimulate their minds with some good old fashioned interactive entertainment. They help pass the time and keep us engaged with their stories and gameplay, not to mention all of the social aspects that come with gaming. Multiplayer games let players socialize with friends and strangers and m
Read more

Where Can I Get the Best NFT Gaming Services?

Image
Top 10 NFT Gaming Services? If you’re looking to create an NFT GameFi project of your own, it’s crucial that you get the right team to properly develop and put together every element of the game, including its genre, backstory, design, mechanics, characters, art and assets, roadmap/white paper, its coding and development, as well as other important back-end necessities such as the tokenomics of the game’s in-game native cryptocurrency token(s), how they’ll be distributed, creating in-game NFTs, their utility functions, an in-game marketplace, and planning out how to best balance the game’s economy for its longevity. Getting all of these elements coordinated and fleshed out can be a daunting task to tackle, but luckily there are a few specialized companies and services out there that are ready and able to help bring your vision to life. Here are three experienced companies we found that offer NFT gaming services at competitive rates (in no particular order): Blockchai
Read more

How Binance NFT Is Building the No․1 Gaming Metaverse

Image
Binance NFT Is Building The Top Gaming Metaverse As the world’s largest cryptocurrency exchange by trading volume, Binance is a pioneering force when it comes to all things related to cryptocurrencies, the Metaverse, NFTs, and Web3. As such, in order to foster a robust ecosystem of NFTs, they launched their own marketplace platform, Binance NFT in late June 2021. Binance NFT is composed of three parts: the main marketplace where users can buy and sell NFTs of any kind from different creators, a mystery box section where users can purchase a blind box containing an NFT from a particular collection with rarity ranks of normal (N), rare (R), super rare (SR), or super super rare (SSR), and lastly, the Gaming/IGO section , which stands for Initial Game Offering. Binance NFT’s IGO is a first-of-its-kind initiative “to support the future of NFT gaming”. It’s a platform made for blockchain gaming enthusiasts and contains a plethora of NFTs for sale from various NFT-based
Read more