An electric bicycle distributor has come up with a novel way of celebrating their 15th year in business. 50 Cycles have decided to launch an electric bike that actually mines cryptocurrency for its rider. The range of bikes will be called Toba. They’re expected to be delivered in September. The cryptocurrency they mine is called “LoyalCoin” and according the an article in CyclingIndustry, these tokens will be released at a rate of about $30 for every 1,000 miles cycled.
The LoyalCoins that customers mine through cycling can be redeemed at a number of stores that work with 50 Cycles. They can also be swapped for various other digital currencies – many of which are accepted at the company’s official website. Those customers that pay in cryptocurrencies for their products will be rewarded with exclusive discounts too.
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How To Start Earning Via Oxbtc.com
Participating in Oxbtc.com cloud mining operations is easy and accessible for everyone. A little entry level makes it accessible to the majority of people around the world. To become the miner here, you need to:
- Create an account By Clicking Here
- Select the required Hashrate and cryptocurrency
- Create the contract and pay
The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts gold from the ground. And second, by solving computational math problems, bitcoin miners make the bitcoin payment network trustworthy and secure, by verifying its transaction information.