Vaultz is committed to a revenue-generating business model centred on acquiring and managing Bitcoin hashrate - the underlying computational power that supports and secures the Bitcoin network. Our objective is to monetise block rewards and transaction fees, and we have pursued Cloud Mining arrangements to secure diversified and guaranteed access to hashrate.

 

The main purpose for Vaultz mining efforts is to create revenue by mining and releasing coins into the coin economy. Whenever a Bitcoin transaction takes place, in order to be final, it needs to be validated. These transactions are validated in batches called blocks by miners. Every block has to be solved, or mined, in order to be confirmed on the block chain. Solving of a block involves mathematical puzzles which are difficult to solve and requires significant computational power to achieve successfully.

 

Upon successfully mining a block, a reward in Bitcoin is given to the Company in return, together with all the transaction fees association with the transactions in that block. Thus, our mining operations are fundamentally a competition of mathematical puzzles to solve for the reward of coins.