PetaRigs
What We Do

Our Featured Services

We specialize in providing cutting-edge cryptocurrency mining solutions that drive innovation and profitability in the blockchain ecosystem.

Asset Subscription

We offer flexible and scalable asset subscription in the form of computational power (hashrate) to individuals, businesses and investors. The subscribed hashrate is used to perform complex calculations required to mine cryptocurrencies on offer and the clients receives a share of the mining rewards based on the amount of hashrate subscribed. Clients are presented with several tenure options that ranges from short to medium term.

NFT Machine Representation

A group of mining machines bundled to represent a unique RWA from which NFT will be issued. Each NFT will carry an ownership stake and will accrue the income from the stake it represents. The NFT issuance leverages blockchain technology to create a unique and verifiable asset that can be bought and sold, while offering advantages of fractional ownership, liquidity and the ability to automate processes through smart contracts.

Hash Rate Rental

Clients have the option of renting computational power (hashrate) from our total machines on site, rather than leasing and maintaining their own mining hardware. The rented hashrate is used to perform complex calculations required to mine cryptocurrencies on offer and the clients receives a share of the mining rewards based on the amount of power rented. Clients are presented with several tenure options that ranges from short to medium term.

Hosting Services

We offer these services for miners to house and operate their mining equipment. Instead of setting up and maintaining mining rigs at home or in an office, miners can use our services that provide space, power, cooling, security and other necessary resources in a professionally managed facility.

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CryptoCurrency Mining: How cryptocurrency is created and validated

Blockchain Technology

Cryptocurrencies are built on blockchain technology, which is a decentralized, distributed ledger.

Mining

New cryptocurrency coins are created through a process called mining, where miners solve complex mathematical problems to verify transactions and add them to the blockchain.

Wallets

Digital wallets are used to store and manage cryptocurrencies.

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Cryptocurrency Mining

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Facts

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Details

How Does it work

Working Process

1

Transaction Verification

Transactions are grouped into "blocks" by the network. Miners check and verify these transactions to ensure they are legitimate (e.g., no double-spending).

2

Proof of Work

Miners compete to solve a difficult mathematical puzzle, known as a cryptographic hash. The puzzle's solution proves that the miner invested computational effort, hence the term "Proof of Work."

3

Block Addition

Once a miner solves the puzzle, they add the new block of verified transactions to the blockchain, which is a chain of blocks. This makes the transactions permanent and immutable.

4

Reward

In exchange for their work, the miner receives a reward in the form of cryptocurrency, such as Bitcoin. This process also helps to secure the network and prevent fraudulent activities.

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