Definition: A Bitcoin miner is a special purpose computer hardware that provides processing power as a support to the Bitcoin network in processing Bitcoin transaction across the entire world.
The miners facilitate the speed of Bitcoin transactions and receive newly minted Bitcoin as reward. These rewards are calculated according to the processing power provided by each miner during a particular mining session.
Setting up and running of a Bitcoin miner is known as Bitcoin mining. A connection of multiple Bitcoin miners for mining is called Bitcoin mining rig/farm. Miner(s) produce much heat, so it requires a cooling system and must be setup in a cool environment, also owned by big investors because it is capital intensive.
Good news: Stainless Ventures has recently completed setup of mining rigs and launched a Bitcoin mining service (stainlessventures dot com) that allows individual Nigerians participate in Bitcoin Mining by leasing their miner(s). Its super simple, their mining rigs are already setup and running, as soon as you have leased their mining hardware (miner), you start to earn your first coins (in Naira) from this Bitcoin mining service.
Benefits from stainlessventures dot com
You will receive 10% of the lease amount monthly for the period of lease.
There are 2 years lease, 3 years lease and lifetime lease.
Subscribing and payback are in Naira, so no Bitcoin wallet required.
Save you the risk of losing your Bitcoin to fake Bitcoin exchange sites