Blockchain & Bitcoin
By design, the blockchain is a decentralized technology. Anything that happens on it is a function of the network as a whole. By creating a new way to verify transactions aspects of traditional commerce could become unnecessary. A global network of computers uses blockchain technology to jointly manage the database that records Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority.
Bitcoin, it is based on the SHA 256 Hash algorithm,the basis of a cryptologic puzzle miners compete to solve. After finding a solution, a miner can build a block and add it to the blockchain.
Bitcoins can only be created if miners solve a cryptographic puzzle. Since the difficulty of this puzzle increases the amount of computer power the whole miner’s invest, there is only a specific amount of cryptocurrency token that can be created in a given amount of time. This is part of the consensus no peer in the network can break.
Future of Money
Cryptocurrencies such as Bitcoin are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.
Currencies we Mine
The one and only, the first and most famous cryptocurrency. Bitcoin serves as a digital gold standard in the whole cryptocurrency-industry and is used as a global means of payment. After seven years in existence, Bitcoin‘s price has increased from zero to more than 650 Dollar, and its transaction volume reached more than 200.000 daily transactions.
Litecoin was one of the first cryptocurrencies after Bitcoin and tagged as the silver to the digital gold bitcoin. Faster than bitcoin, with a larger amount of token and a new mining algorithm, Litecoin was a real innovation, perfectly tailored to be the smaller brother of bitcoin.
Dash (known earlier as Darkcoin) is a very popular alternative cryptocurrency with a focus on transaction speed and privacy. Instead of using a single mining algorithm (like Bitcoin’s SHA-256 or Litecoin’s Scrypt), it relies on X11 – a collection of 11 algorithms which are there to ensure fair distribution of coins between miners.
Our Mining Stats
Approximate SHA256 Hashrate (TH/s)
Approximate X11 Hashrate (GH/s)
Approximate Scrypt Hashrate (MH/s)
Mining Machines in Operation (and counting)
Operating one or more mining devices can bring a number of challenges to the average mining enthusiast or even the experienced
X Faktor Technologies is proud to be joining the burgeoning community of Scrypt miners! We have official ordered the new batch
We’re excited to announce that our data center located in Miami, Florida is now online and operational! A lot of hard
Time til Scrypt Mining Begins
Entrepreneur, Educator, and Geek. Elier founded X Faktor Technologies in 2012 and has over a decade of experience in the IT industry.
Chief Operations Officer
As our COO, Adrian manages and directs the regular operations of our Mining Division at our Miami, FL data center.
Elier Ramirez Sr.
Director of Product Development
Elier Sr. leads our product production team with over 30 years experience as an entrepreneur and Tool & Die expert.
Director of Engineering
Alex ensures that our miners are operating at maximum efficiency, providing the optimal conditions to support our data center environment.