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Bitcoin mining can be a complex process, a procedure that requires huge investment and set up, to begin with. For new users, this can be a major barrier to entry, just as it is a major exit barrier considering there is so much to offload. Zionodes is one such platform that has led to a new change because they see Bitcoin mining differently. It believes in one motto which is to make mining a universal thing by endowing a platform that is transparent, trustless, and more importantly cost-effective. Zionodes aims to whisk away the old operational models to give way to newer models that are groundbreaking which is why it has merged DeFi with mining – a concept that is innovative, out of the box, and gives users the chance to earn handsome rewards and passive income. Zionodes has opened up newer concepts of cloud mining.
The beginnings
Matvii Sovoraksha (CEO of Madfish, Creator of Thanos wallet for Tezos) and Olga Kochmar (Founding member of Bitcoin Mining Association of Hong Kong) have always been passionate about Bitcoin and Block chain. They began their journey together as partners for Zionodes because they believed that there is too much centralization in Bitcoin mining. Another thing that troubled them deeply was the concentration of power in the hands of few individuals. They conceptualized Zionodes which would bring the much-needed decentralization and establish it as their core principle. It is thus a unique decentralized marketplace that is the mass aggregator of data centers, hardware sellers, and miners all under one head. Not just this, it is also a one-of-a-kind tokenized ASIC platform.
Zionodes Tokenization
Mining with Zionodes is easier compared to any other platform. The user has to merely purchase the verified equipment in the form of an ERC20 token and review the reward for mining. This is done immediately after staking a token on the smart contract with its state-of-art user interface. The platform deducts the fee for electricity costs to the farm operator for equipment maintenance on the farm from the mine-reward. The user rapidly receives the reward in a much more affordable manner without worrying about their equipment.
Benefits with Zionodes
Since it is a remote mining marketplace, it succeeds by providing cheap electricity prices so that it is a profitable affair. The platform boasts of being less power-intensive helping users to mine at low costs. Newcomers also can stride through the platform as it is not complex as it is in the case of competitors. The platform has an easy onboarding process of just 10-days for quick participation in the mining process.
Security at Zionodes is taken seriously which is why the platform uses a secure sockets layer and three-layer architecture of data processing to ensure secure communication. The platform also is transparent about information control. Any information deemed useful for the miners is opened out. There are no hidden fees and no hash rate contracts ensuring that the ASICS are shipped to the users a year ensuring users own their equipment. With its solutions that combine a hardware marketplace, mining marketplace, and a data center marketplace it is striving to add more efficiency to the pools. So, there is immense user-controlled mining, more distribution of power in the hands of the user, and the best way for the Bitcoin miners who want to optimize their operations and earn big.
The founders at Zionodes want block chain accessible to everyone. They believe that the technology has to be implemented even at the basic elemental level of the crypto industry. By globally combining resources with novel technologies, Zionodes is creating newer and inventive ways to DeFi mining.
