What is Ophcrcoin?
Despite its rapidly growing value the cryptocurrency market is still considered to be in its infancy. Blockchain technologies are being recognised as useful in various spheres, yet their full disruptive/transformative potential has barely begun to be realized. A number of different protocols can be employed to ensure blockchain safety.
These include proof-of-work, proof-of-stake, proof-of-activity, proof-of-space, and proof-ofbandwidth, to name just a few. Of these, proof-of-work is currently the most widely used— underpinning such currencies as Bitcoin, Ethereum and Ethereum Classic, or Litecoin— and likely to remain so for the foreseeable future. It is a distributed consensus system dependent on the participation of “miners,” who, through their work (or, more precisely, the work performed by their computers), guarantee the integrity and security of blockchain transactions.
Becoming a miner, however, is not an easy process. First, suitable hardware has to be acquired and assembled, individual components carefully selected with an eye towards performance, power consumption, and price. The equipment then needs to be properly configured. This may involve not only determining and applying appropriate settings, but also more radical interventions, such as BIOS flashing.
Third, suitable mining software must be obtained and set up. It must be noted that every currency requires different software and different settings. Once operational, a mining machine has to be monitored and maintained. This includes tweaking its operating parameters, installing updates, troubleshooting problems, and so forth. On top of everything else, miners also have to worry about keeping their mines profitable. This can be quite a challenge with just a single machine—let alone with tens or hundreds of them. In short, it is difficult for the ordinary person to make any reasonable form of returns from mining than it was previously. The cost of equipment, the know-how, and the ancillary costs like electricity and cooling make it prohibitive.
This is the concept behind Ophircoin, to allow a team with the right expertise and proven experience to mine the most profitable cryptocurrencies in the most efficient and cheapest way and locations to generate the highest returns possible. And to share these returns with our community.
Crypto mining is highly profitable when done on a large scale basis and it is essentially turning electricity into digital assets. In today’s environment, crypto mining is done globally. What we offer is a proven and sustainable form of crypto mining, in environmentally stable locations with low risks. OPC aims to be a viable and sustainable mining operation that is able to reward its community members on a long-term basis.
We have a broad community of contributors and a dedicated team of experts and professionals. To achieve this goal, several key challenges need to be met: We have professionals working together to enhance earnings by improving both software and hardware. We aim to create products that have cashflow generated in every aspect, thus allowing a very financially sound ecosystem, with our ultimate goal of creating a cryptocurrency that has a dividend and one that is fungible.
We use the cheapest available electricity and are able manage and monitor our mines remotely, controlling everything from ventilation systems to the mining rigs and ASICs themselves.
To attain our goals on our milestones and road map, we will be raising the funds required through an Initial Coin Offering. The Ophircoin Network (OPC) ICO is unique, attractive and forward-looking and is aimed at allowing the man in the street to build wealth. The ICO serves to create awareness and inform the general public of the investment opportunity present in investing in OPC.