- Ethereum Classic(ETC)$13.09
- Bitcoin Gold(BTG)$19.57
- Bitcoin Private(BTCP)$3.81
Cloud mining gives people access to our proven design and cheap power, while also eliminating the maintenance, noise, heat and power consumption of running a miner at home.
Furthermore, it gives you the potential to scale beyond what you could mine at home without the pitfalls that many miners go through.
New School Mining was founded in 2017 by Ben Payne. He started with cryptocurrencies in 2010 and has been mining ever since. Quickly seeing that newer GPUs were more power efficient, he started building new GPU miners and began to consider what it would take to build a large-scale GPU mining farm.
In the process of building his farm, he quickly realized through many challenges and pitfalls, that there is a real need for cloud mining services, which is a need that New School Mining intends to fill.
Mining is the process of securing the transaction that goes into the blockchain. This is accomplished by miners solving a “hard problem” to prove that they are invested in the validity of the transaction. The problem they solve is difficult to find, but easy to validate.
This means that if they were to add invalid transaction to the block, other miners on the network would quickly reject this block and continue searching for the next block. To ensure this, the network requires that multiple additional blocks are created before a transaction is fully validated.
At New School Mining, we take care of the mining for you or provide you with the equipment you need to more efficiently mine for yourself.