What if we told you there is a way to earn Bitcoin even while you sleep? Yes, you read that right, while you sleep. Thanks to Swag, you can mine Bitcoin even while you’re sound asleep and wake up to new units of cryptocurrency! Here’s everything you need to know.
- Being well rested is important : World Sleep Day
- What is Bitcoin mining
- Swag: mining with an extra gear
- Experience blockchain as a protagonist
Being well rested is important : World Sleep Day
On March 17, 2023, World Sleep Day will be celebrated all over the world, an annual event dedicated to promoting the culture and awareness of the importance of sleep.
Through World Sleep Day, since 2008, the World Association of Sleep Medicine (WASM) has been working to increase awareness of sleep disorders, promoting better understanding and prevention. To date, the initiative has involved more than 90 countries worldwide, becoming a trending topic even on social media.
Perhaps few people know that the problem of sleep disorders has a global reach and is estimated to threaten the health and quality of life of up to 45% of the world’s population, causing damage to society as a whole.
There are still many who believe and claim that sleep is for lazy people, that it doesn’t matter whether you sleep or not, as long as the job is done. The reality, however, is very different.
Consider, for example, that sleep deprivation is estimated to cost over $400 billion per year to the United States, $138 billion per year to Japan, $60 billion per year to Germany, $50 billion per year to the United Kingdom, and $21 billion per year to Canada.
So what can be done? Well, getting a good rest, starting with establishing a bedtime routine and reducing technology before going to bed.
And if you still think that sleeping is unproductive, you’re wrong, because with Swag, you can even mine Bitcoin while sleeping soundly and wake up with new units of cryptocurrency.
Your performance report arrives every night, and as soon as your alarm goes off, you just have to reach for your smartphone and see how much you’ve mined!
What is Bitcoin mining
et’s start from the beginning, what is Bitcoin and what does the term mining mean?
Bitcoin mining, for those who may not know, is the process of validating transactions on the Bitcoin blockchain. In practice, miners use their computing power to solve complex mathematical algorithms, thus creating new blocks of transactions and obtaining new units of bitcoin as a reward.
What are bitcoins? What does it mean to be a miner and how does one become a miner? Let’s take a closer look at everything.
What are the Bitcoin
Bitcoin is a decentralized virtual currency whose transactions are recorded in a shared ledger called the blockchain. The functioning of this cryptocurrency is based on cryptographic protocols that allow for the generation of bitcoins and the validation of their transactions. Since there is no central authority that controls or manages this currency (like a government or central bank, as is the case with traditional currencies such as the Euro), it can be said that Bitcoin is a decentralized cryptocurrency. It is based on a peer-to-peer network and is therefore controlled by the users who use it: transactions take place without intermediaries. Every bitcoin transaction is recorded in a digital, shared, immutable, and decentralized ledger called the blockchain, which contributes to ensuring a high level of transaction security. These transactions are recorded on the blockchain only after being verified by all nodes in the network.
Birth of the Bitcoin
Bitcoin was created in 2009 by an anonymous inventor (or group of inventors) known by the pseudonym Satoshi Nakamoto, who developed an idea that he presented on the Internet at the end of 2008. By convention, if the term Bitcoin is used with a capital letter, it refers to the technology and the network, while if it is written in lowercase (bitcoin), it refers to the currency itself. Its symbol is ฿, and in the markets, it is also referred to as BTC or XBT.
How Bitcoin are created
“Bitcoin mining” is the process that ensures the correct functioning of Bitcoin and is the only method for introducing new currency into the market. Miners are individuals or companies that guarantee the accuracy, computational power, and operation of the blockchain, the technology on which cryptocurrencies are developed. Decentralized servers manage all operations of the cryptocurrency platform and have the ability to “mine” newly created bitcoins.
Become a Miner
Like gold miners use shovels and picks to extract gold, a Bitcoin miner needs two things: hardware and energy for mining.
Miners own computers that contribute their computing power and energy to the network of a proof-of-work based cryptocurrency such as Bitcoin. The term Proof-of-Work (PoW) refers to the consensus algorithm at the base of the Blockchain network.
The first miner who validates a new block for the blockchain receives a portion of the currency that is mined as a reward. This compensation is called “block reward”.
Another fundamental element of mining is the hash rate, which measures the computing power (per second) used during mining: it is measured in hash/second units, indicating how many calculations can be performed per second. In the case of bitcoin, the hash rate indicates how many times hash values are calculated for PoW every second.
Swag: mining with an extra gear
So far, Bitcoin mining required the purchase of expensive mining equipment and the setup of a complex mining system, but Swag has revolutionized the industry by offering fully managed solutions.
Thanks to Swag, you can mine Bitcoin even while you sleep, without having to worry about configuring or managing any equipment. In fact, Swag allows you to rent entire machines or even just fractions of real machines, modulating the cost of accessing the service based on your needs. This way, you can leverage the computing power of high-level international mining farms to extract Bitcoin completely passively.
Swag also offers several structured accumulation plans, allowing you to choose between fixed or variable extraction fees. Moreover, you can monitor your earnings and hash rate in real-time through an easy-to-use dedicated platform.
So why not take advantage of this opportunity to get some extra Bitcoin during World Sleep Day? Don’t limit yourself to buying and selling cryptocurrencies, start mining them directly by relying on a market-leading partner.
Experience blockchain as a protagonist
Mining Bitcoin with Swag means entering a premium world operating through the best international mining farms. Swag, in addition to providing the best hash rate available on the market, offers the possibility of renting even fractions of real machines by modulating the cost of access to the service. From fixed extraction fees to variable ones, through structured accumulation plans. A complete offer suitable for all types of users.
Once the machine and contract duration have been selected, all you have to do is check the messages you will receive every day. You can then find out the amount extracted in BTC and verify it directly on your Swaggy balance.
Swaggy is the free wallet that can be customized by the user through the integration with a series of specific tools specially designed or proposed to improve the customer experience.
A unique tool to manage your transactions with the maximum reliability and with the support of the most advanced technology available. Swaggy is much more than a simple wallet. Thanks to a strong technological commitment, we can now offer a completely secure environment for all your transactions.
Discover our solutions, become a miner today.