So, you're catching up to the crypto basics or you're bored but let's jump in about Shamming. They are a group who set up a mining service for Bitcoin a few years ago.  Since then, they have created a strong presence within the online mining circle and have proven to be a reliable group for adding a miner to your crypto portfolio.

Wait, what is mining?

Detour: What is Mining?

Crypto mining is what some blockchains require in order to create tokens. So what does that mean?

If you're new to Bitcoin and blockchain, mining is a complex concept which we'll try to explain.

First, let's remember the most important and basic function of Bitcoin: getting money (at least in the beginning). A Bitcoin was created since the beginning of Bitcoin with each block (the actual creation is outlined in the previous section). But how can one get their hands on this value?

One way is to buy them (cryptocurrency) on an exchange such as Coinbase, Binance, or Gemini. This can be done by buying Bitcoin or any other altcoin on a centralized exchange. But what if you need to obtain tokens without using fiat currency? You mine using computers or specifically built mining rigs that have chips suitable for performing the mathematical equations needed to complete a block and obtain a percentage of a token. It is called mining because it's the activity of extracting the cryptocurrencies.

Keep in mind that you are not actually getting one coin, but instead, your computer generates a certain amount of bitcoin or altcoins. For a more in-depth explanation on Blockchain, click here

But back to the original question, what is mining?

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This is known as a "mining rig" and they do that by creating new blocks which contains a list of all of the most recent transactions that have not yet been recorded in any previous blocks. The block accomplishes this task by requiring proof of work from people who try to create a new block with their miner. This proof is created by using this equipment, or miners, which work out solutions to a complicated mathematical problem before being granted the right to add a block onto the blockchain.

Shamming! Let's talk about it.

So, Shamming is a group that builds the miners and you get a percentage of the earnings daily by helping front the cost.

If you want to receive your daily payouts on a crypto that does not require a wallet or even a bank account, then Shamming might be for you! It's easy to setup & use AND you get a Shamming bonus with my affiliate link here ----> shamining.com/?r=dananp

So why would someone want to pay for Bitcoin miners instead of buying directly?

A number of reasons come to my mind. First, you get a daily payout to your wallet (or Bitcoin address) and not paying a monthly fee for an exchange or bank account. Second, you don't have any knowledge about cryptocurrency to get started.

So how does it work exactly?

You sign up for Shamming by going through a simple registration and payment procedure to become a backer. Then, you simply pay the miner rent. You are not required to buy or install any additional equipment. They'll host the machine for you, let you know how to set it up and give you a payout address.

The machines use GH/s (gigahash per second) which is a unit of measurement of the computer’s (miner’s) computing power. It is used to find out the technique’s speed of performing an operation while using cryptographic code. The current indicator is crucial in calculating income. The higher hashrate, the more productive the technique, the more investor is mining bitcoins.

What do I need to get started?

It is very simple: no exchange account needed and no bank account needed (though I suggest having one anyway in case something happens to your chosen crypto). You will need: 1) a wallet (due to the nature of decentralization there is no other way), 2) twenty minutes of time to transfer BTC or CC to the Shamming Team & 3) your payment info (and crypto wallet info). Other than that, there's nothing else that's required.

Who should do this?

If you're into cryptocurrency or crypto-curious, then why not.

And that's it. You can login and see your earnings immediately! It's as simple as that. The next step is to go with a wallet based on coinpayments such as CoinPayments Coinbase or Binance for convert your earnings into different coins.I've used a number of mining services over the years and these folks are by far the best to work with and are fair with their payouts. Yeah, I use these guys but I hope you wouldn't expect me to offer a bunk service I don't use.

Disclaimer:

Cryptocurrencies are highly speculative and risky investments. It is important to do your research before choosing any coins or tokens you want to invest in. Cryptocurrencies can still be a solid investment, but you should not expect huge returns in the short term.

This post is by no means meant to discourage anyone from investing in cryptocurrencies and blockchain technology. I am merely trying to convey that there are a lot of unknowns and high risks involved with this new technology. It may take years for cryptocurrencies to catch on, but there is also the possibility that they will never break into mainstream use at all.

I am not an expert in economics, trading, finances, or crypto trading and am not providing any advice.