Gem-TRX was also introduced in 2018, and it is one of the most reputable TRON cloud mining companies and service providers. The goal of GemTRX is to provide significant returns on its users’ investments and maximize their interests by leveraging enormous wealth with comparatively lower capital.
The company seeks long-term strategic partnerships with a variety of partners to ensure that its users have a simple TRON cloud mining experience. It offers daily returns to its users, which they can withdraw in TRX tokens from the platform. GemTRX is a laser-focused TRON cloud mining service that has propelled the platform to the top of the crypto blockchain service providers.
TRON’s digital currency enables low-cost mining. In comparison to other companies that offer cloud mining services, GemTRX users benefit from low minimum deposits that begin at 5 TRX. While TRX users’ earnings are relatively low, it is an excellent option for low entry costs to experiment and become acquainted with the platform.
Users who want to begin their cloud mining journeys with GemTRX can go to the platform’s official website, sign up with their email address, create an account to deposit Tron tokens and begin receiving returns right away.
What Is Cloud Mining?
Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power and without having to install and directly run the hardware and related software. Cloud mining firms allow people to open an account and remotely participate in the process of cryptocurrency mining for a basic cost, making mining accessible to a wider number of people across the world. Since this form of mining is done via the cloud, it reduces issues such as maintenance of equipment or direct energy costs.
Cloud mining leverages cloud computing for the purpose of producing blockchain-based cryptocurrencies. Cloud computing, more generally, is one of the fastest-growing technology trends wherein computing services such as processing, server capacity, database services, software, and file storage are accessed via the cloud, over the Internet. Such companies charge on a usage basis just like we pay for our water or electricity usage.
On the other hand, mining is the backbone of the cryptocurrency model, such as TRX. It is the process by which transactions are verified and added to the public ledger, known as the blockchain. It is also the means through which new coins are released. A combination of the two opens the world of mining to people at distant locations with little or no technical knowledge and hardware infrastructure.
What Is Tron?
Tron is a blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Founded in 2017 by a Singapore non-profit organization, the Tron Foundation, Tron aims to host a global entertainment system for the cost-effective sharing of digital content.
Tron uses the features of the blockchain and peer-to-peer (P2P) network technology to eliminate the middleman and allow content creators to sell their work directly to consumers. Software developers use the Solidity programming language to create apps that are hosted on the Tron platform.
The currency used on the network is Tronix, or TRX. Users of the network use TRX to directly pay the content creators to access their applications. Content creators do not pay a transaction fee to Tron. (TRX transactions also are free on the platform.)
Tron utilizes a delegated proof-of-stake system, which means it uses far less power than competing currencies like Bitcoin. Tron’s architecture gives the Tron network the ability to handle far more transactions at a time than proof-of-work systems.
There are two main ways to earn with GemTRX. The Basic Account is used to mine cloud mining. You’ll get 5% – 10% daily profits and the withdrawal limit is 2.80% – 6% based on your deposit amount depending on our VIP level.
VIP 1 DEPOSIT (0.00 – 29999.99) INCOME (5%) DAILY WITHDRAWAL (2.8%)
VIP 2 DEPOSIT (30000.00 – 1999999.99) INCOME (6%) DAILY WITHDRAWAL (3%)
VIP 3 DEPOSIT (200000.00 – 999999.99) INCOME (7%) DAILY WITHDRAWAL (3.4%)
VIP 4 DEPOSIT (1000000.00 – 9999999.99) INCOME (8%) DAILY WITHDRAWAL (4%)
SVIP DEPOSIT (10000000.00 – 99999999999.00 INCOME (10%) DAILY WITHDRAWAL (6%)
The second way is an affiliate program for users that will reward them with extra rewards. You can invite users by sending your own invitation code by clicking the “Share” button on the platform and copy-pasting the link and sharing it via social media.
If users invite friends who deposit funds to their accounts they will receive rebates. Below is the complete breakdown of the various levels and rebates users can accumulate:
If you invite A user and complete registration, you’ll get 30TRX.
A user invites B user and completes registration, you’ll get 20TRX.
B user invites C user and completes registration, you’ll get 10TRX.
Based on your down-line mining income per time.
A user mine 10000TRX and get 500TRX, you’ll get 50TRX(10%).
A user invites B user to mine 10000TRX and gets 500TRX, you’ll get 25TRX(5%).
B user invites C user to mine 10000TRX and get 500TRX, you’ll get 15TRX (3%).
Based on your down-line deposit amount per time.
If A user recharges 10000TRX, you’ll get 1200TRX(12%).
A user invites B user to recharge 10000TRX, you’ll get 200TRX(2%).
B user invites C user to recharge 10000TRX, you’ll get 100TRX(1%).
Is Cloud Mining Profitable?
Yes, it can be. There are upfront costs – you’ll have to pay to rent these miners, and mining pools can also take a cut of your profits. It can be worthwhile, but some analysts think you might be better off just buying TRX instead.
GemTRX aims to secure backers who want to be a part of the groundbreaking journey we’re on to change the way the world looks at cloud mining platforms, as well as those who can support our proven cloud mining model to further establish GemTRX as a household name around the world.
Cryptocurrency mining via the cloud could be really profitable if you deal with it the right way. With a trusted hash provider such as GEMTRX, you have a real chance to get profit regularly and make passive income in cryptocurrency coins. By reading this review, you can choose a proper cryptocurrency cloud service to start mining TRX without investing all your life savings. For more information, please visit the GEMTRX website.
Disclosure: This is a sponsored article and doesn’t constitute investment advice. Always do your research before buying or using any service.