BEST CRYPTO MINERS 2017 UPGRADE
“So far, I have helped more than 10 people in India build rigs and charge them on a permonth basis for upgrade and maintenance.” Kumar Badgujar, a management graduate, had other ideas for mining crypto-currencies. “I saw an opportunity in building rigs,” he said. The 28-year-old Internet-of-Things engineer spends his spare time travelling around the country helping enthusiasts set up rigs for mining. The rise in popularity of cryptocurrencies has enabled techies like Saket Nalegaonkar to build services around it. “We recently crossed 100,000 active users on our platform, and are adding 10,000-20,000 users a month,” said Hesham Rehman, chief executive of bitcoin exchange Bitxoxo.
Indian bitcoin exchanges have received a lot of traction in the past few months with more than 1 million active crypto-currency users.
BEST CRYPTO MINERS 2017 INSTALL
We will install your rig at our location in a temperature-controlled room and charge monthly,” said a spokesperson for Delhi-based Gadgets Deal India, which also sells on eBay.īitcoins saw explosive growth in India after Prime Minister Narendra Modi recalled high-denomination banknotes in November. Not just building rigs, “we even host rig of others at a monthly cost. Letsmine has been selling rigs for the past one year, assuring customers that the investment can be recovered in 8-9 months. These coins are produced by massively souped-up computers, called ‘mining rigs’, that solve complex math problems to obtain these virtual currencies. Unlike traditional currencies, crypto coins are not produced by a central authority like a bank or a consortium.
On August 30, one bitcoin was worth Rs 2,91,822-its value skyrocketing since Donald Trump’s election as the US president in November and spawning an industry of auxiliary services for people rushing in to find gold in the virtual currency.īitcoin is a decentralised, paperless cryptocurrency invented by Satoshi Nakamoto, an alias for an anonymous programmer in 2009. “I invested in bitcoin when one coin was worth Rs 28,000, one-tenth of what it is today,” the Mumbai-based Gawde said. He will be living off $15 daily payouts from that investment. BENGALURU: When 32-year-old Harshad Gawde first invested in bitcoins in 2013, he couldn’t have expected the returns from it to sponsor an all-India tour, beginning with a six-month trip through Roopkund hills in Uttarakhand.