Welcome to Bitspeed

Bitspeed is a company for mining cryptocurrencies with any of the available gadgets a user has. Design for both new miners and experienced miners. Bitspeed not only provides Bitcoin mining but also makes it affordable at the cheaper rate.

We always care about our customer security. Our data centres are highly protected with a DDoS attack, and we use the SHA-256 algorithm for security purpose.

How Bitcoin Cloud Mining works?

Bitcoin mining is one of the fundamental questions many people have in their life who are in the beginner steps of Bitcoin mining. They have questions regarding Bitcoins security, value and history.

Bitcoin is a cryptocurrency and it is a decentralized digital currency without any bank it can be sent from user to user on the Bitcoin network without the need of any intermediaries.

The mining process of cloud mining consists of collecting the transactions on the network and putting them into a block for the verification. The verification process involves solving of Proof of Work algorithm. The POW algorithm performs arithmetic calculations to verify the block and generate new Bitcoin.