What is mining?

Miners use computers to facilitate the transaction by guessing the correct number (hash) to the math question by randomly guessing as many and as quickly as possible in return for new Bitcoins. This process is called proof of work and requires huge computing power and a high amount of electricity but is also highly rewarding. To reduce the environmental impact of the mining We partner with a multitude of hosting services based in Iceland, the Emirates and the USA, using solar and geothermal to power our mining machines. That is why Rayn decided to develop Blockchain Vault, a feature that gives you an opportunity to earn high-yield  collaboratively from Bitcoin mining.