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The objective of GEN III CAPITAL LLC is to educate and inform the local community about the potential of crypto mining. By hosting your equipment with us, not only will you be able to reap financial benefits, but you will also play a role in maintaining grid stability and contributing to the local economy. It is important to note that GEN III CAPITAL LLC is not a financial advisory firm, and the profitability of your crypto mining endeavors will be subject to market conditions.Learn More About Us
What is Cryptocurrency Mining?
The competitive process that verifies and adds new transactions to the blockchain for a cryptocurrency that uses the proof-of-work (PoW) method. Cryptocurrencies like Bitcoin, Litecoin, and Kadena (PoW method) uses distributed public ledgers to record all transactions for transparency purposes. Each transaction is linked to the previous and subsequent transactions, which creates a chain of time-stamped records called a blockchain. The miner that solves the problem first earns the right to post the transaction to the public ledger and gets incentivized with a cryptocurrency such as Bitcoin, Litecoin, Kadena and many other Proof-of-Work cryptocurrency.
Proof-of-Work method is very beneficial for the grid, more and more companies invested in cryptomining facilities are not just taking the grids energy, they are helping the grid by consuming power that could be wasted. By participating in the controllable demand of energy, cryptominers get incentivized as well. Cryptominers can shut down their power consumption at any moment they need to. The beauty of Proof-of-Work method is you can get energy from renewable sources like Wind, Solar, Geothermal, Water, Nuclear etc etc.