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You can particiape by registering on our website at www.dashboard.udic.io/register or you can locate any of our distributors and seek for assistance on how to Purchase the coin and also participate in our smart contract by referring people through your referral links..

The smart contract rewards you with bonuses ,Once distribution is due on June 30th 2021,you can withdraw your UDC Bitcoin and all bonuses and interest earned through FIAT Currency..

You can purchase UDC Bitcoin with ETH and BTC .You can also save through our Smart Contracts which awards you 5% bonuses per referrals.

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Over the past several years, crypto currencies like Bitcoin have been quietly growing in popularity, with an ever-larger number of people buying and selling them. Now that Bitcoin has hit the mainstream and become a worldwide phenomenon, more people than ever are looking to get into the crypto currency game.

However, the production of crypto currencies isn't anything like that of regular money. There's no central authority that issues new notes; instead, UDC bitcoins ( or any of the other so-called 'alt-coins') are generated through a process known as 'mining'. So what is cryptocurrency mining, and how does it work?

Crypto currency mining and the blockchain

Before getting to grips with the process of crypto currency mining, we need to explain what blockchain is and how that works. Blockchain is a technology that supports almost every crypto currency. It is a public ledger (decentralized register) of every transaction that has been carried out in that crypto currency.

These transactions are assembled into what are called "blocks". These are the verified to ensure they are legitimate by crypto currency miners. This checks if the same coin hasn't been expended again before the transaction has cleared, and that the input and output expenses tally. Then the next sequential transaction block is connected to it. This is how crypto currencies are created and how new cryptocoins are made.

Mining new blocks

As there is no central authority or central bank, there has to be a way of gathering every transaction carried out with a crypto currency in order to create a new block. Network nodes that carry out this task called dubbed 'miners'. Every time a slew of transactions is amassed into a block, this is appended to the blockchain. Whoever appends the block gets rewarded with some of that crypto currency.

To prevent the devaluation of the currency by miners building lots of blocks, the task is made harder to conduct. This is achieved by making miners solve complicated mathematical problems called proof of work'.

Calculating hashes

In order to successfully create a block, it must be accompanied by a cryptographic hash that fulfills certain requirements. The only feasible way to arrive at a hash matching the correct criteria is to simply calculate as many as possible and wait until you get a matching hash. When the right hash is found, a new block is formed and the miner that found it is awarded with units of crypto currency.

Think of it like one of those competitions where you have to guess the weight of the cake - only you get unlimited guesses, and the first one to submit a correct answer wins. Whoever can make guesses at the fastest rate has a higher chance of winning.

Crypto currency mining limits

In practice, this means that miners are competing against each other to calculate as many hashes as possible, in the hopes of getting to be the first one to hit the correct one, form a block and get their crypto currency payout.

However, the difficulty of calculating the hashes also scales - every new block of bitcoins becomes harder to mine. In theory, this ensures that the rate at which new blocks are created remains steady. Many crypto currencies also have a finite limit on the amount of units that can ever be generated. For example, there will only ever be 21 million Bitcoins in the world. After that, mining a new block will not generate any bitcoins at all.

Crypto currency mining requirements

Nowadays you will have to spend upwards of $1,000 on the appropriate hardware to mine most modern crypto currencies with any success. The energy consumption, meanwhile, is substantial - and you'll need to keep an eye on these rising costs while running your machine 24/7. Most miners will spend the overwhelming majority of their income from mining on paying to maintain and run the equipment.

As the Bitcoin hype is more or less fully nestled in the wider public consciousness, organizations have invested increasingly considerable sums into it, effectively industrializing crypto currency mining. Large warehouses packed to the brim with floor-to-ceiling racks of expensive graphics cards, working towards the sole aim of mining new units of UDC Bitcoin, BTC, Ether, Zcash, and so on, have become the new normal.