GHS Trading
Welcome to CEX.IO — the first exchange where you can make profit by trading Bitcoin mining facilities — Gigahashes
How does mining work?
Mining is the process of solving mathematical problems, which results in issuing the Bitcoin. As more Bitcoins are issued with the time, more people get interested in mining, creating a more secure network.
What is GHS?
The speed of mining is measured in hashes per second — the smallest amount of work done by a miner.
GHS (gigahash per second) = 1 000 000 000 hashes per second.
Speed of mining with CPU, GPU and ASIC: evolution
Initially, CPU were used for mining, but soon miners discovered that GPU were much more suited for this kind of math problems as they were faster solving them. However, GPU used too much electricity and generated a lot of heat. Finally, ASIC — Application-Specific Integrated Circuit chips — were invented and implemented into the network. Designed specifically for BTC mining, this hardware uses less power and makes the mining process fast and efficient.
How do GHS mine Bitcoins?
CEX.IO gives you an excellent opportunity to become an owner of GHS — a part of our mining infrastructure based on the best ASIC miners on the market, which is hosted in the high-end data centres. Your purchased GHS will provide you with a constant mining speed rate with no set up, installation or maintenance required from your side.
GHS trading concept
While mining is more or less passive way of gaining Bitcoins, trading Gigahashes allows you to be involved in the world trading processes and enjoy the fruits of your own activity on the Bitcoin crypto exchange.
How to trade GHS
All you need to start trading GHS is to fund your CEX.IO account and buy GHS.
As soon as you purchase GHS on CEX.IO, the process of mining will start right away. Unlike buying your own hardware, with cloud-based GHS you will NOT face such problems as:
waiting for the delivery;
covering the shipping cost;
struggling with downtimes;
facing constant connectivity problems giving up a lot of space for the hardware dealing with hardware maintenance;
getting rid of a legacy device;
annoying noise and many more.
GHS keep mining until they are sold
CEX.IO is the only Bitcoin crypto exchange where trading and mining can be done simultaneously: even when you decide to sell your GHS, they will still be mining BTC until the moment they are sold. This means your Gigahash will be making profit for you till the last minute you own them.
How to gain profit on trading GHS
As any other crypto exchange, CEX.IO presupposes earning on the price difference. In this case, though, we are not speaking about currency or metal pairs, it’s something much more advanced and valuable — it’s the speed of making digital currency of the future you will be selling and buying.
More GHS = More Bitcoins
Considering the fact that GHS determine the speed and the power of mining, it is obvious that the more GHS you own, the more Bitcoins you can earn with the help of your mining facilities.
FAQs https://support.cex.io/hc/en-us/categories/200118987
