[ad_1]
The cryptocurrency markets are known for being incredibly volatile, chaotic, and competitive, which emphasizes the efficiencies of scaling. However, HIVE has managed to mitigate that by tackling two of the largest inputs in crypto mining—electricity costs and hardware. Given that HIVE’s facilities are located in Canada, Sweden, and Iceland, the cooler regions help lower the costs to run the facilities at maximum capacity. In comparison to other crypto mining platforms, where they provide cloud mining services to customers who lease mining capacity for a fixed period of time, HIVE operates its facilities directly and leasing hash is finite and non-transferrable.
HIVE is unique in that it doesn’t use cloud mining, but instead GPU mining. This type of mining enables various cryptocurrencies to be mined and has the computation to detect the most profitable coins to mine. Conveniently, as a safety precaution, HIVE stores the currencies on cold hardware wallets that aren’t connected to the internet, which is a bit more resistant to hacks. Providing a more sustainable approach to PoW and security features could be a reason why HIVE has been shown to outperform competitors like Riot Blockchain and BitFarm, but also continues its exponential growth.
[ad_2]
