Mining

Mining is the verification process for decentralized peer-to-peer transactions. Transactions are verified by miners (high-performance computers) and added to a block within the blockchain. Once the transaction is validated, miners receive a reward of a newly created cryptocurrency.

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Costa Rica


LiteLink Technologies began mining in Costa Rica in April 2018.

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Why Costa Rica?

Cryptocurrency mining works well in Costa Rica, as it is a country renowned for its:

Enterprise-friendly legislation

Openness towards blockchain technology

Renewable energy generation (for 300 days in 2017, the entire country ran on renewable hydropower, geothermal energy, biomass, solar and wind).

Electricity is the most significant factor when it comes to mining cryptocurrency. If the energy being used is both low-cost and renewable, mining can become incredibly profitable.

As well as having an abundance of green energy in Costa Rica, electricity is relatively inexpensive during off-peak night hours too. This makes the Central American country a clear-cut choice for mining cryptocurrency.

Cryptocurrency
Mining Revenue Stream

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LiteLink receives cryptocurrency rewards for validating transactions on the blockchain.

This creates revenue which LiteLink invests back into future blockchain technology companies.

The cryptocurrency received, can then be monetized into real-world currency (fiat currency).

Without cryptocurrency mining, cryptocurrencies would not exist.