What is Bitcoin Cloud mining?

Bitcoin (BTC) and Bitcoin Cash (BCH) are decentralized digital currencies with a straightforward purpose: enabling secure peer-to-peer transactions online.

As digital currencies, both Bitcoin (BTC) and Bitcoin Cash (BCH) are open digital currencies available to everyone, offering transparency and secure online transactions. They don’t rely on traditional financial systems for approval to transfer or exchange money. With a capped supply of 21 million, they also have deflationary properties. Although thousands of cryptocurrencies exist today, Bitcoin (BTC) remains the most valuable and well-known.

Bitcoin Cash (BCH) can be considered a branch of Bitcoin (BTC), and they share many similarities. The primary difference lies in the “block size” (which affects the number of transactions that can be processed per second). Online transactions consist of data; the larger the block size, the more transactions each block can include. Bitcoin (BTC) has a block size limit of 1 MB, making it valuable for larger, slower transactions, but less practical for small transactions that prioritize low fees and quick settlements. Bitcoin Cash (BCH), with its 32 MB block size, enhances transaction speed, fulfilling the vision of peer-to-peer electronic cash.

Mining difficulty: Bitcoin (BTC) adjusts its mining difficulty roughly every two weeks to stabilize the production of verified blocks.

Total supply: 21 million

Block Reward: 3.125 BTC, with a halving event approximately every four years

Algorithm: SHA - 256