Bitcoin is the world's first decentralized cryptocurrency that doesn't need third parties to operate. Bitcoin is a decentralized digital currency that doesn't need third parties to operate. This means you don't have to rely on banks, large corporations, or governments to move your money around.

With Bitcoin, your money is entirely yours. Bitcoin was the world's first cryptocurrency and has been operating continuously for eight years, according to the public and open source protocol created by Satoshi Nakamoto .

Blockchain technology is nothing more than a public ledger (or accounting book) that records a virtual currency transaction (the most popular of which is Bitcoin), so that this record is reliable and immutable.

In other words, the blockchain records information such as: the amount of bitcoins (or other currencies) transacted, who sent it, who received it, when the transaction was made and where in the ledger it is recorded. This shows that transparency is one of the main attributes of the blockchain. It stores information about a group of transactions in blocks, marking each block with a time and date stamp. Every period of time (10 minutes on the blockchain), a new block of transactions is formed, which is linked to the previous block. The blocks are dependent on each other and form a chain of blocks (hence the name: Blockchain). This makes the technology perfect for recording information that requires trust, such as a bitcoin transaction and other cryptocurrencies.

The blockchain network is made up of miners who verify and record transactions in the block.

To make this possible, miners lend computing power to the network. As an incentive to continue collaborating and making the network sustainable and more secure, they receive a reward in digital coins.
Miners can only add a transaction to the block if a simple majority (50%+1) of the network agrees that the transaction is legitimate and correct. This is called the consensus of the blockchain network. In the case of Bitcoin, consensus is measured by computing power.

Two blockchains can be formed at the same time, the impasse will be resolved when the network has to choose one of the chains. In the end, the chain with the most work wins.

In short, blockchain technology is a public, distributed ledger that records all virtual currency transactions in a chain of blocks that anyone can participate in.

The information recorded in it is reliable, immutable and transparent as long as the majority of the network remains honest.

When a user sends a cryptocurrency or parts of it to another person, this transfer is recorded on the blockchain within a block similar to a vault. This block, once it is full of transactions from multiple users, needs to be “sealed” with an identifier, which works like a padlock. In computer science, this is called a hash.

In the early days of Bitcoin, all you had to do was connect a computer (with a decent graphics card) to the cryptocurrency network and leave it running, solving the mathematical calculations required for mining. Today, the scenario is different and, to “manufacture” BTC, you need to have data centers full of equipment specifically designed for the job.

The way BTC is mined has changed as more miners have joined the network. As a result, the calculations have become more difficult and the computing power required to solve them has increased dramatically. Today, special hardware called application-specific integrated circuits (ASICs) is required.

Due to its complexity, today it is most common for mining farms with thousands of pieces of equipment to be dedicated to this task. And because this activity requires a high investment, these sites are usually organized into pools of miners who work together to compete for validating transactions.

We have created an innovative and transparent company! Our ecosystem was developed to bring any ordinary person closer to participating in the real profits of our own bitcoin mining farms through Mining Plans, with the aim of expanding our units with the goal of making Paraguay one of the largest bitcoin mining hubs in the world.

We do not share cloud mining services. Our business model is based on generating rewards through the tokenization ecosystem of bitcoin mining farms.

Life Miner offers an innovative business model that uses the tokenization of Bitcoin mining processing power. Unlike an investment company, our proposal is to provide a new dimension and experience in the cryptocurrency mining sector. Through Mining Plans, our community will be able to enjoy the profits generated by Bitcoin mining without the need to own and manage the logistics, equipment, energy and administrative costs.

Our goal is to share with our community members the performance of our tokenization ecosystem, which is managed by distribution management funds. 

It is worth mentioning that we are in the process of expanding the construction of a large Bitcoin mining park in Paraguay. This project allows our members who hold Mining Plans and the MPY token to have access to a series of benefits generated by the tokenization of our physical and digital structure. In addition, our members have their own custody of their tokens in a 100% decentralized system. 

The processing power of a Bitcoin mining farm refers to the total computing power available on that farm to perform the complex calculations required to mine Bitcoins. Bitcoin mining is the process of validating transactions on the Bitcoin network and creating new Bitcoins as a reward for this work.

A Bitcoin mining farm typically consists of multiple interconnected computers (or miners) that work together to solve complex mathematical problems using proof-of-work algorithms. These problems are solved to verify and record transactions on the Bitcoin blockchain, which is a decentralized public ledger of every Bitcoin transaction ever made.

The processing power of a Bitcoin mining farm is measured in terms of its hash rate, which is the amount of proof-of-work calculations the farm can perform per second. The higher the hash rate, the faster the farm can attempt to solve mathematical problems, and therefore the higher the likelihood that the farm will be rewarded with new Bitcoins.

The processing power of a Bitcoin mining farm is a critical factor in mining profitability, as it directly affects the chances of successfully finding new Bitcoins and earning rewards. However, Bitcoin mining is a highly competitive activity, and the processing power required to be profitable has increased over time as more miners join the network.

In any business, including Bitcoin mining, there are always risks involved. However, mitigating these risks requires finding a reliable partner with a good reputation, such as Life Miner, which has access to a surplus of electricity in Paraguay and is one of the few mining companies in the region that operates legally. In addition, the company is highly selective when selecting locations for its Bitcoin mining facilities and is always closely monitoring the country’s political landscape to ensure that mining is welcomed in the years to come.

There are also other factors that help mitigate project risks, such as a fixed energy price throughout the project, which is one of the variables that most affects mining costs, and Life Miner's operations, which already have several years of experience in Paraguay. The company also has a team specialized in all stages of the process of sourcing, implementation, installation and maintenance of the operation, optimizing uptime and the useful life of the machines.