Mining on Kiosks — How profitable are they?

KIBIS
KIBIS
Published in
4 min readMar 27, 2019

With advancing industrialization and globalization, the customer landscape has diversified. To cater to the needs of the customer, industries have to transform themselves. The prominence of Distributed Ledger Technology and Blockchain technology have transformed the way we plan to handle our data. It is enthralling to see Blockchain technology as a solution looking to solve problems haunting our economy for ages. The advent of Bitcoin transformed how we make transactions and completely changed the definition of currency.

Over the years the value of Bitcoin scaled at an unimaginable pace and many around the world made Bitcoin mining their career as it offered good rewards. Numerous companies made good profits out of selling mining equipment to the Crypto mining enthusiasts.

The transformation of the financial sector has to do a great deal with innovations and making the system more customer-friendly. The invention of self-service kiosks has indeed been revolutionizing. Talking about self-service kiosks, they have evolved over time and now are an integral part of our economy to ensure customer satisfaction. It is because self-service kiosks encourage customer engagement and provide greater service efficiency. Fueled by technological advancements, Kiosk service has come a long way from GUI to providing crypto mining infrastructure and what not?

Mining Cryptocurrencies using KIBIS

KIBIS is one of its kind Kiosk service provider which aims to find a solution to current problems faced by consumers and pre-empt the requirements of the future by integrating self-service kiosks with cryptocurrencies. KIBIS is operational in UAE and plans to deploy mining equipment in the existing self-service kiosks. The strategy is to use the funds collected from ICO to install up to 18,000 new crypto mining kiosks in UAE, Oman, KSA, Bahrain, and Kuwait.

KIBIS mining infrastructure would have an independent mining pool which will be whitelisted purely for KIBIS kiosk equipment. So what is the whole point of having an independent mining pool, when the goal is to have maximum profit? Actually, this would maximize profitability for every kilowatt used, negating the need to pay arbitrary fees to a 3rd party mining pool. The company guarantees a mining pool that would be active 365 days a year 24/7 as the pool’s infrastructure would be managed on KIBIS’s secure infrastructure with availability sets and international availability zones.

Unlike Bitcoin Mining using Proof of Work (PoW), KIBIS is opting for a multi-algorithm mining platform. This makes KIBIS crypto mining Kiosks capable of mining the most profitable coins on any given period. As more miners get aware of new coins, the price per coin and market capitalization fluctuates with great uncertainty. This makes cryptocurrency mining less profitable for the miners. But with KIBIS crypto mining Kiosk, miners would be able to mine the most profitable coin when the cryptocurrency would offer the maximum return. Thus, KIBIS crypto mining kiosk maximizes the return on investment.

Conclusion: So where to go with mining cryptocurrencies on Kiosk?

On one side, self-service kiosks have been impacting the modern society in many new ways while cryptocurrencies have garnered a lot of attention, both positive and negative. But the truth is crypto mining is expanding every day and new manufacturers are following the trends and investing in technology to provide more hashing power to the consumer.

KIBIS is primarily focused on making transactions extremely transparent, quick and cost-effective for the world but mining strategy is integral to them. KIBIS mining kiosk would enable miners to mine different cryptocurrencies at a profitable margin by introducing new power efficiencies. The KIBIS mining kiosk service would enable users to make a profit out of crypto mining without actually being in possession of their own equipment. KIBIS has already received orders of Kiosks with Built-in Mining Equipment from countries like Bahrain and Kuwait. It has already procured crypto mining kiosks infrastructure in UAE.

So it seems that the future of mining and associated projects is shaping to be salubrious with advancing technological trends.

To learn more about KIBIS and to participate, to go:

Additional details:

Telegram: https://t.me/KIBISofficial

Facebook: https://www.facebook.com/kibisofficial/

Twitter: https://twitter.com/KIBISofficial

Instagram: https://www.instagram.com/kibis_official/

Youtube: https://www.youtube.com/channel/UCPVerU77SOvy20NwoqTqPtA

VK: https://vk.com/kibisofficial

Reddit: https://www.reddit.com/user/KIBIS_official

Vimeo: https://vimeo.com/kibis

Discord: https://discord.gg/yAD8x4z

Linkedin: https://www.linkedin.com/company/kibisgroup/

Bitcointalk: https://bitcointalk.org/index.php?topic=5117556.new#new

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KIBIS
KIBIS
Editor for

KIBIS is an innovative kiosk supplier and operator that plans to become the main payments provider for millions of people around the world. https://www.kib.is/