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      "body": "Hello @jekpratama , \nThank you for submitting homework task 5 ! You have answered all the three questions .. I love if you explained the concept behind cloud mining more in the first part.. nice work [5]\n\n\nThank you",
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      "title": "Crypto Academy Week 5 Homework Post For @besticofinder - Introduction To Cryptocurrency Mining - Part 2",
      "body": "Hello Steemians\nToday I will Try to do the Homework given by professor @besticofinder, hopefully it can be useful, as for the question is:\n\n## 1. What is Cloud mining\n\n\n![cloud-mining.jpg](https://cdn.steemitimages.com/DQmUDamDPoiFhQpYxPckVUSruAe5a6kMokxzfZh8YsXjZaN/cloud-mining.jpg)\n[source](https://www.google.com/search?q=cloud+mining+%5C&tbm=isch&ved=2ahUKEwjsrL_4vazvAhVOZCsKHYVaCOkQ2-cCegQIABAA&oq=cloud+mining+%5C&gs_lcp=CgNpbWcQAzIECCMQJzIECCMQJzICCAAyBAgAEB4yBAgAEB4yBAgAEB4yBAgAEB4yBAgAEB4yBAgAEB4yBAgAEB5QxocBWMaHAWD0igFoAHAAeACAAckBiAHJAZIBAzItMZgBAKABAaoBC2d3cy13aXotaW1nwAEB&sclient=img&ei=hUZMYKzWE87IrQGFtaHIDg&bih=657&biw=1366&safe=strict#imgrc=zIaoERADTQc4kM)\n\nAs explained in the previous week, bitcoin mining requires some preparation before mining this digital currency, as for things that need to be prepared, such as a mining area filled with sophisticated computer devices, maintenance costs and large electricity costs.\n\nThe solution to overcome this problem is by cloud mining, with cloud mining we can mine without having to think about these problems, because we can mine without having to have sophisticated computer equipment. We can say cloud mining is a service provided by large companies to work together in mining, the process is also done remotely, so we only need to make a contract with one of the trusted mining companies so we only need to monitor it at home. So bitcoin miners only need to think about the rental fee for the service provider company according to the agreed contract.\n\n## 2. What are the best cloud mining platforms\n\n### Eobot\n\n![eobot-featured-Image.jpg](https://cdn.steemitimages.com/DQmc3mFybz1ZivymETnRhKKsTB8EEwZPATkELYNx5FuQXny/eobot-featured-Image.jpg)\n[source](https://www.google.com/search?q=eobot&safe=strict&sxsrf=ALeKk005n7wKoPh3xY4z1EpGP-B6KBA7pQ:1615611731621&source=lnms&tbm=isch&biw=1366&bih=600#imgrc=7bCFFHYANJErNM)\n\nEobot can be said to be a trusted site for cloud mining, because eobot is one of the oldest platforms that were founded in 2013 until now, so it can be said that the possibility of a scam is small. By renting computer equipment provided by eobot, we will get free mining speeds every time.\n\n### CCG Mining\n\n![GodOAZN.jpg](https://cdn.steemitimages.com/DQmUhskx4xC3tBiayWwYgeSa2Y9uMrg4PT7rTof7D9LeQMf/GodOAZN.jpg)\n[source](https://www.google.com/search?q=ccg+mining&tbm=isch&ved=2ahUKEwiglIvcvqzvAhUTCrcAHUWADdoQ2-cCegQIABAA&oq=ccg+mini&gs_lcp=CgNpbWcQARgAMgQIABAYMgQIABAYOgQIIxAnOgUIABCxAzoCCAA6BAgAEB46BAgAEBM6BggAEAgQHlCUkApYlJ4KYLavCmgAcAB4AIABygGIAeUKkgEFMC43LjGYAQCgAQGqAQtnd3Mtd2l6LWltZ8ABAQ&sclient=img&ei=VkdMYKCRC5OU3LUPxYC20A0&bih=600&biw=1366&safe=strict#imgrc=yQXiXo8KqikPeM)\n\nCCG mining is one of the largest mining companies because it has sophisticated computer devices that are guaranteed and protected. CCG mining also already has 6 branch offices located in 5 countries, namely: Poland, Russia, England, Czech Republic, Latvia, and Austria which have won the trust of many clients.\n\n### 3. Discuss the advantages and disadvantages of cloud mining ?\n\nthe advantages that we get by using cloud mining are :\n\n* There is no need to use sophisticated hardaware in mining because it has been provided by service providers in cloud mining.\n* No need to think about big electricity costs\n* There is no need to provide a place to mine\n* Provides convenience in mining without having to hear the noise from mining equipment.\n\nThe disadvantages that we get by using cloud mining are :\n\n![best-bitcoin-revshare-hybrid-program-scam-email-ever-segment-image-4066-900-471-1.jpg](https://cdn.steemitimages.com/DQmd2F4GyntvF4bkQALGfStxJpGkyiMQbzjya7wJvq5tQ6i/best-bitcoin-revshare-hybrid-program-scam-email-ever-segment-image-4066-900-471-1.jpg)\n[source](https://www.google.com/search?q=advantages+cloud+mining&tbm=isch&ved=2ahUKEwirkZG6wKzvAhWMsksFHSe0AFcQ2-cCegQIABAA&oq=advantages+cloud+mining&gs_lcp=CgNpbWcQAzoICAAQCBAHEB46BAgAEBhQs_YBWLeUAmDnnAJoAHAAeACAAdABiAGfDZIBBTAuOS4xmAEAoAEBqgELZ3dzLXdpei1pbWfAAQE&sclient=img&ei=J0lMYOvhM4zlrtoPp-iCuAU&bih=600&biw=1366&safe=strict#imgrc=4tSXXCrvsqTswM)\n\n* The risk of fraud is high, so we must be smart in choosing a trusted cloud mining service\n* Small profits, because some of the profits have been shared with the cloud mining company.\n\n\nMaybe this is all I can answer on this homework. Thank you...\n\nCc:\n@besticofinder\n@steemitblog\n@steemcurator01\n@steemcurator02",
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      "body": "Hello @jekpratama , \nThank you for submitting homework task  4 !  You have discussed all the 3 topics well.\n\n>The challenge for cryptocurrency miners is that they have to provide sufficient capital To mine this digital currency\n\nCapital is a issue for any business and  for mining .. it's same.   And the profit is unpredictable too..  nice work [6]\nThank you",
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      "body": "Hello Professor @besticofinder Here is my homework for this week :\nhttps://steemit.com/hive-108451/@jekpratama/crypto-academy-week-4-homework-post-for-besticofinder-introduction-to-cryptocurrency-minning-lesson-4",
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      "title": "Crypto Academy Week 4 Homework Post For @besticofinder - Introduction to Cryptocurrency Minning - Lesson 4",
      "body": "Hello stemians\nToday I will try to do the homework given by professor @besticofinder, hopefully it can be useful, as for the question is:\n\n### 1. How crypto currency mining works ?\n\n\n![working-principle-bitcoin-mining.png](https://cdn.steemitimages.com/DQmbGoWRpAcnkqqmyn4cMewLw6QpCzN3SjaQuoYRwatDtdq/working-principle-bitcoin-mining.png)\n[source](https://www.google.com/search?q=mining+bitcoin&safe=strict&sxsrf=ALeKk01mDVTwBY6fOSwbS6sMpFHYc-1pZw:1615106926926&source=lnms&tbm=isch&sa=X&ved=2ahUKEwir_ZyV5p3vAhWLX30KHYXiDk0Q_AUoAXoECAwQAw&biw=1366&bih=657#imgrc=hB9iOub2FzsW6M)\n\nCryptocurrency mining is the process of bitcoin transactions and creating new bitcoins. The working system is to use a very powerful computer, bitcoin is very different from the traditional money system because bitcoin is not printed like the money in circulation today. Transactions are also carried out virtually via the internet network. Usually cryptocurrency mining verifies transactions on blockchain. Bitcoin transactions usually occur at the same time, these transactions are grouped into the same group, this group is called a block; After a block is verified it will be added to a previously verified block, this is called blokhain\n\n## 2. What is mining difficulty ?.\n\n![GettyImages-1219276936-860x430.jpg](https://cdn.steemitimages.com/DQmZQrc4m343Vm9S6daFZmrba9eowsWdQU5aQ7Nh4LKkfDT/GettyImages-1219276936-860x430.jpg)\n[source](https://www.google.com/search?q=mining+bitcoin&safe=strict&sxsrf=ALeKk01mDVTwBY6fOSwbS6sMpFHYc-1pZw:1615106926926&source=lnms&tbm=isch&sa=X&ved=2ahUKEwir_ZyV5p3vAhWLX30KHYXiDk0Q_AUoAXoECAwQAw&biw=1366&bih=657#imgrc=Bil5LuRqqQIzbM)\n\n\nThe more cryptocurrency miners, of course the difficulty will increase because the competition is increasing, as we all know, every year crypto miners are increasingly in demand by people, so people who have decent capital will win, because they have to buy sophisticated hardware. , of course, the price is expensive. Therefore, bitcoin miners must be able to prepare everything they need to be able to compete in the future. This will certainly drain the miners' time, capital and energy.\n\n## 3. What are the challenge for crypto currency miners ?\n\n\n![Stop-Websites-From-Hijacking-Your-Device-to-Mine-Cryptocurrency.jpg](https://cdn.steemitimages.com/DQmZLBfT4QfgVfkwVkJ6WGjwFgvotAghQGreykjuZArCBWx/Stop-Websites-From-Hijacking-Your-Device-to-Mine-Cryptocurrency.jpg)\n[source](https://www.google.com/search?q=mining+bitcoin&safe=strict&sxsrf=ALeKk01mDVTwBY6fOSwbS6sMpFHYc-1pZw:1615106926926&source=lnms&tbm=isch&sa=X&ved=2ahUKEwir_ZyV5p3vAhWLX30KHYXiDk0Q_AUoAXoECAwQAw&biw=1366&bih=657#imgrc=Bil5LuRqqQIzbM)\n\nThe challenge for cryptocurrency miners is that they have to provide sufficient capital To mine this digital currency, this capital is spent to buy hardware that will be used in the mining process. Not only that, this capital will also be used to pay for expensive electricity costs, because the use of electric power in the mining process is very large. Miners must also provide a strong internet network so that the time spent in the mining process becomes more efficient, these are some of the big challenges for bitcoin miners, so that miners can compete with other miners, therefore miners must be able to prepare themselves in advance. before mining, if it is done well, miners will certainly benefit from what they do.\n\nmaybe this is all I can answer on this homework, thank you...\n\nCc:\n@besticofinder\n@steemitblog\n@steemcurator01\n@steemcurator01",
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