Why is mining so important?
Cryptocurrency networks need computational power to run securely.The world’s most powerful blockchains are supported by millions of computers around the world.
Unlike paper money, Bitcoin and other cryptocurrencies are produced mathematically and held digitally.The people who voluntarily offer their computing power to secure these cryptocurrency networks are called miners.Cryptocurrencies don’t have a central government or other so-called ‘middlemen’ that decide about the future of the system. – They are in fact digital, borderless democracies in which miners vote with their computing power to reach order and consensus.
How is Bitcoin kept secure?
The only way to not create money out of thin air or corrupt it, is to burn real energy.This is called Proof-Of-Work.
Today, bitcoin is the most secure computer network on the planet and it’s practically impossible to break it!The reason for that is hash power, the umbrella term used for the computing power that miners provide to the bitcoin network and similar cryptocurrency networks. Due to the rapid growth of the ecosystem, mining operations today are mostly running with specialized high-performance computers that function most efficiently set up in large data centers.
What’s the incentive for miners?
It all comes down to trust:Miners keep the blockchains trustworthy and are rewarded for their efforts.
As miners, we are processing and verifying the transactions of the cryptocurrency ecosystems and keeping their public transaction history (=blockchains) maintained and secure. For this, the mining community is rewarded with the networks’ transaction fees and newly created coins.It’s a win-win situation! When you start mining with us, you are getting your share of this reward.
The big vision of cryptocurrency.
The future will be decentralized.
To keep the integrity (and values!) of all cryptocurrency ecosystems intact, miners keep the networks safe and its authority decentralized by keeping each other constantly in check.This allows both a healthy growth and a fair distribution of currency units to all crypto-citizens!
Features
Daily Mining Outputs
Your mining outputs will be added to your account daily and automatically
Intuitive Dashboard
All the crypto mining data and charts that you need, when you need them
Diverse Mining Portfolio
Choose from 6 major mining algorithms that span over 10+ mineable cryptocurrencies
Freedom of Allocation
Allocate your hash power to other cryptocurrencies within your mining algorithm of choice
State of the Art Mining Technology
For every blockchain algorithm that we offer, we’re providing some of the highest performing mining systems that exist
Secure & Private
We support cryptocurrencies that promote privacy, so we strive to keep collected user data to a minimum and only ask for information that is mandatory from a regulatory perspective
Create an account.
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Read about our vision!
FSee our pricing.
Each algorithm and coin has its own beauty!
Learn more about our tech.
The Enigma Datacenter and Radiant Tech.
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Featured on
We respect Island Mining, we understand their business, and I even consider the three founders friends.
CoindeskIsland Mining, the eco-friendly Bitcoin cloud mining provider, has launched Enigma, the world’s largest ether cloud mining farm.
International Business TimesIsland Mining is the largest cloud mining provider in the world, serving over 250,000 daily customers and actively supports and advocates for growth and expansion of the industry as a whole.
Huffington PostTo reach Enigma, the main base of one of the fastest growing businesses on the planet, you first have to fly to Reykjavik. Next, you drive along several roads until you reach a dirt track. It is then a rough ride for a few miles until you arrive at three nondescript white warehouses.
The TelegraphIsland Mining, one of the largest crypto miners in Iceland, has opened three mining facilities in Iceland and in 2016 CEO Marco Streng speculated the company may be one of the biggest single users of power in the country.
Business InsiderIsland Mining fits into the complex world of cryptocurrency mining by bringing mining capabilities back to the individual through its cloud-based infrastructure. The company has several mining farms in which it maintains all the high-powered servers and equipment necessary for an effective mining rig.
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