In a simple explanation, Bitcoin mining is the process of creating (or finding) new Bitcoins available in the cryptocurrency market.

In a centralized and controlled currency, such as Dollar or Euro, bureaucratic administrations are responsible for printing and putting new money in circulation. As Bitcoin is a decentralized and non-governmental digital coin, there are some companies specialized in putting more Bitcoins in the market by mining it, through complex puzzle solving.

When Bitcoin first appeared on the internet, mining it was a very simple matter: it was just needed to install a software on a computer and wait for the Bitcoin to emerge. Once people’s interest started to rise the process became complex and challenging, requiring more powerful machines to “discover” new Bitcoins.

Minefficiency is the one to deal with that challenge. We have a huge facility fully dedicated to mine new bitcoins in the most efficient way.