Lotus Bio-Technology Development Corp. (LBTD)

[Almost A Myth]

CryptoCurrency Mining explained and why $LBTD is moving into this lucrative market.

Welcome to the age of CryptoCurrency Mining (CCM)! With the relatively recent surge in cryptocurrency usage, CCM has become a very lucrative business....if it's done right!

What is CCM and why is this market sector growing so rapidly?

When transactions using cryptocurrencies (AKA cryptos or crypto coins) are completed, the data is recorded and stored in a format called a Blockchain. Each blockchain is unique to that particular coin. For example, a transaction using Bitcoin would be on a different blockchain than a transaction using Litecoin, and any transactions using Ethereum would be on yet another blockchain, etc. With well over 1000 cryptocurrencies (and growing) that’s a lot of blockchains.

What is a blockchain? Simply put, a blockchain is a chain of data blocks. Each block has a limited amount of data it can hold, and when the block reaches its capacity it is verified, locked, and “connected” to the previous block in the chain, and the next block is created. Blockchain is not limited to the cryptocurrency world. The technology has a wide array of applications, such as recording medical and prescription drug transactions, inventory management, education records, and so on. But for now, let’s focus on cryptocurrencies and how CCM comes into play.

There are several reasons why blockchain technology is the preferred method of data recording and storage for these cryptocurrency transactions. Perhaps the most attractive reason is: there is NO CENTRAL STORAGE LOCATION FOR THE DATA! Rather than have transactions stored on a bank server or other corporate data storage site (that is prone to being hacked), the data is stored on the blockchains and recorded on millions of computers worldwide. Another reason is, BLOCKCHAINS ARE NEARLY IMPOSSIBLE TO HACK! In order to hack a blockchain, the hacker must not only compromise the particular block that holds the targeted information, but they must also hack ALL of the previous blocks in the chain, and do so across the entire worldwide network that stores the data. Now that’s a secure data storage system!

How does CCM fit into the cryptocurrency blockchain space? Since there is no centralized corporation or entity recording and storing these crypto transactions, the blocks of information must be recorded, verified, secured, and stacked into the blockchains by third parties (the crypto miners). Every time a third party does those jobs and completes the block, they collect a reward that is built into the block and payable in the particular cryptocurrency that the block is assigned to. The rewards are actually pre-paid by the user of the crypto coins in the form of transaction service fees. Cryptocurrency service fees are generally exponentially lower than standard bank or Western Union type company fees for similar transactions, and the transactions are virtually immediate, eliminating the sometimes days long settlement times by those standard methods.

With all of the new blocks being created every day, a mining operation stands to earn a lot of rewards if they can verify and lock the blocks before other miners do. That is why it’s essential to have the software and hardware that will give them the speed and precision necessary to be the first to complete the block.

How does a mining operation get the edge needed to complete the blocks and collect the rewards? First, let’s talk hardware. Mining is much more efficient when GPU’s (Graphics Processing Units) are used instead of CPU’s (Central Processing Units). The GPU’s run very complex algorithms that are essential for verifying the transactions in the blocks. So an advanced mining system (AKA Mining Rig) will have all of the components of a normal computer, but with several powerful GPU’s stacked into the configuration. The more powerful the GPU array, the more algorithms the rig can perform per second, and the greater the chances are of completing blocks.

The GPU’s work best when the mining software is running efficient algorithms at a high hash rate. Hash rate is the speed at which the algos run. So the hash rate needs to be high in order to maximize efficiency of the GPU’s and utilize the required electricity to perform the highest amount of transactions in the shortest amount of time and with an efficiency great enough to close enough blocks to earn enough rewards to pay the overhead costs and come out profitable.

$LBTD has entered into this field by agreeing to purchase COIN Rig Solutions on 12/22/17. Lotus Bio-Technology has already taken delivery of its first shipment of mining rigs, announced in their 12/27/17 PR, for inspection and testing. LBTD further announced via Twitter on 12/28/17, that their expected mining revenue for 2018 is $10M. They have also explained that they will be using advanced ATI GPU’s as well as cutting edge algorithms and Artificial Intelligence to determine which coins are the most profitable to mine on any given day. The AI technology will quickly determine which coins to mine and assign the rigs to those tasks without human interface. This is not only a brilliant strategy, but it virtually eliminates the time consuming computations and guesswork a human would need to perform in order to determine the most profitable coins to mine, and when to mine them.
Follow Coin Rig Solutions $LBTD OTCmarkets on Twitter: https://twitter.com/lbtd_coin_rig and on OTC Markets: https://www.otcmarkets.com/stock/LBTD/profile