OUR INVESTMENT PLANS
What is Bitcoin?
Like paper money and gold before it, bitcoin is a currency that allows parties to exchange value. Unlike it predecessors, bitcoin is digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees.
I-wize is among USA’s ﬁrst bitcoin mining pool. We are currently operating at around 5% of bitcoin networks hashing power.
In the last one year, we have heavily invested in the research of other altcoins for their best mining practices.
Today, we not only mining bitcoin but also other altcoins. We follow emerged mining processes ensuring that we are able to utilize full capacity of the ASICs employed. Ensuring all parallel computational capabilities are fully utilized.
We have developed patent pending proprietary algorithms that determine what coin should be mined when and for what duration and then servers automatically keep switching between the small basket of the most proﬁtable coins to be mined at that time, considering their price in bitcoin at the moment and their diﬃculty.
We also have developed proprietary algorithms that converts the altcoins mined at the most opportunistic moments into bitcoins, to maximize the return on investment.
Also, very interestingly owing to our long-standing relations with mining equipment manufacturers we have been able to get exclusive chips made. Many of these chips are nowhere available in the market and are unlikely to be available for the next 3 years owing to the contract. These specialized chips are then assembled into rigs by our team and have been able to give us more hashing power per unit area utilized capital deployed and heat generated giving us a massive edge over most other miners or even setting up your own independent rig.
Bitcoin can act like a universal currency and specially enable business transactions in those countries where the ﬁnancial system is not that strong.
To enable merchants to accept bitcoins we have created paybitz-bitcoin payment processor. Now businesses can generate and settle their invoices in bitcoins. The onboarding process is as easy as creating an email account and a merchant can start accepting bitcoins in just 20 seconds.
Unlike most bitcoin payment processors that store the bitcoins in their own wallet until a merchant manually withdraws them, paybitz sends your bitcoins instantly to your connected wallet address and there is no intermediate storage of any amount in our wallets. This not only helps us to maintain security and transparency but also helps in quick and cost eﬀective settlement of invoices.
Because we are ﬁrm believers in cryptocurrency we will add support for multiple altcoins in the near future so that each of our customers gets limitless opportunities to expand his/her business to national and global level.
Why use it?
You use bitcoin for many of the same reasons you opt to send an email, stream a movie, or download a song. It’s faster, cheaper, more secure and immutable. And its uses extend beyond the peer to peer payments. In many places, bitcoin is less volatile than the local currency so some use it to store value while others use it to consume at hundreds of thousands of vendors across the globe and online.
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