Two most important things depend on cloud mining process;
Ethereum market process and cloud mining price.
Not exact matches
The rise in the popularity of successful decentralized applications such as CryptoKitties, EtherDelta, and 0x have congested the
Ethereum network, which is already
processing more transactions than all of the blockchains in the global
market combined.
This all makes
Ethereum potentially one of the best investment opportunities in the cryptocurrency
market, with huge growth on the horizon if this mining
process switch is implemented correctly.
The
Ethereum network settles more transactions than all of the cryptocurrencies in the
market combined, and the entire cryptocurrency
market processes around 1 million transactions per day.
Bitcoin, the most valuable cryptocurrency in the
market, is only
processing just over 400,000 transactions per day, less than 40 percent of the
Ethereum network.
Within the Chinese
Ethereum exchange
market, OKCoin and Huobi, two of the largest trading platforms in China, are responsible for
processing more than 63 percent of the country's
Ethereum trades.
Confideal, a new Ireland based multifunctional escrow platform powered by the
Ethereum blockchain has officially announced the launch of their smart contract constructor that simplifies the contract creation
process, making the platform accessible to the commercial
market.
So far in 2017, cryptocurrency miners have taken over the
market for consumer graphics
processing units (GPUs), using the devices to solve the cryptographic puzzles required by
ethereum (and other «scrypt» - based cryptocurrency protocols) and claim their lucrative rewards.
In an era of permissioned blockchains gaining favor with financial institutions over decentralized, freely trading cryptocurrencies like Bitcoin,
Ethereum, or Ripple, Safe Cash is one of the first blockchains to be commercially viable that can meet the transaction
processing speed and throughput requirements of today's
market.
Currently, the
Ethereum Blockchain network
processes more transactions than all of the Blockchain networks in the global
market combined, including Bitcoin.