Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Although other cryptocurrencies have come before, Bitcoin is the first decentralized cryptocurrency - Its reputation has spawned copies and evolution in the space.
Bitcoin is an SHA-256 POW coin with almost 21,000,000 total minable coins. The block time is 10 minutes.
Monero (XMR) is a CryptoNight algorithm based alternative crypto currency. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target.
Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.
Monero has pledged and opted to change their algorithm every 6 months to deter ASICs on the network. This makes it an excellent coin to mine with general purpose machines on. The block time is 2 minutes.
Monero is a bit different that Bitcoin about money supply. Once the total number of Monero reach 18.3 million then money supply will stop decreasing and stay at a constant rate of 0.3 Monero per minute. This is meant to provide incentive to secure the blockchain even after the 18.3 million coins are distributed.
Note that it's a constant amount so it will be about 1% the first year and it will reduce every year but never reach zero.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general idea is, in order to have things transferred or executed by the network, you have to consume or burn Gas. The cryptocurrency is called Ether and is used to pay for computation time and for transaction fees.
Ethereum has a robust dApps ecosystem which many developers have gotten on board and written code for including examples such as CryptoKitties.
Ethereum is an Ethash PoW coin which has opted not to have a cap on the total minable coins. The block time is in between 10 to 20 seconds.
Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, SCRYPT-based mining PoW algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.
Litecoin has a total maximum supply of 84 million coins.
ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and was originally designed to be ASIC resistant. However the landscape today is different as ASICs have been developed and are mining on the network.
ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.
ZCash has a total maximum supply of 21 million coins.
Length of Contract
24 months or 730 days from contract activation date
Your contract will activate on date of payment confirmation
For Credit / Debit Card orders, there will be a 30 day hold placed on payouts after a payment is made for fraud prevention purposes. This is done to protect all of our clients, including you.
Your date of payment remains the same and your contract will activate on the same day. Payouts will accumulate during this period and will be sent out after this period and all security measures have been passed. You are subject to all verification measures required for card purchases to ensure this transaction is authorized by the card holder and card holder only.
Power Consumption & Rate
Power consumption will be charged at a rate of USD 0.07 per kWh (kiloWatt hour)
Power costs are charged to your account and deducted from your earnings before every payout.
All information including the gross earnings, maintenance fee percentage, fee amount charged, power rate and power costs is available under the 'Payout History' section in your dashboard
Maintenance fees are charged to your account gross earnings and deducted from your earnings before every payout.
These fees are measured in percentages and used to cover any pool and miner program fees which can vary anywhere from 0.5% to 2.5%. It also goes to covering the ongoing maintenance of the machines themselves in general with expenses such as staff, manpower, installation of infrastructure and other miscellaneous items
This is to ensure the ongoing longetivity of the operations here at Omega Hive