Cryptolife, the Colombian Company That Sells Equipment and Digital Mining Contracts

Crypto In Latin America

Colombia and Latin America at large, have a growing market in the development and extraction of cryptocurrencies as well as crypto projects. Cryptolife is the first cryptocurrency mining company based in Colombia. Carlos Sánchez, CEO, and founder of the company, decided to create a project based on blockchain technology or digital currencies.

Currently, the company mines cryptocurrencies that use the Proof-of-Work (PoW) validation protocol. PoW entails carrying out mathematical calculations for the validation of transactions and receipt of newly minted coins or fees associated with transactions as reward. Some of the digital currencies Cryptolife currently mines are Ethereum, Zcash, Decred, Monero and Siacoin.

To carry out these operations, Cryptolife has mining centers and facilities in various parts of the country. At these mining centres, they make use of specialized and last generation hardware to guarantee the highest possible profitability for the generated hash.

Types of Services Offered by Cryptolife

Physical Mining: Process in which the clients establish a contract with Cryptolife under the figure of inactive participant, and benefit through the work of totally verifiable physical mining devices.

Mining project: The client can plan his own mining project that best fits his needs and his expected goals. This way the client receives advice on the processes involved, assistance with the installation of machines, training and support for 3 months.

Workshops: Interactive workshops are offered by trainers and assistants. At such workshops, topics such as blockchain, crypto asset and cryptocurrency mining are discussed.

Commercial offer of Cryptolife

The mining farms are located in Bogotá, the capital of Colombia. Mining machines or rigs with graphics cards or GPUs are used. The company is also currently making an investment in the antminer S9 and T9 machines.

The commercial offer for people who wish to mine under a participation system is managed under the figure of contributions (inactive participants). This offer is either for the direct purchase of a mining rig or for the concept of participation for a certain period of time in one of the machines administered by Cryptolife. The commercial offer depends on the capital that each client wishes to contribute, and based on this, daily cryptocurrency profits are generated.

The wallet of each client is configured directly to the crypto-hardware  so it automatically receives payments from the acquired machine. It is not necessary for people to make withdrawals of any kind through a platform.

Carlos Sánchez mentions that his goal is to be the largest manufacturing and sales company in Latin America for long-term rigs, as well as to found the first academy of education in the field of cryptocurrencies and Blockchain technology in Colombia. In addition, there are plans to get into PoS mining with masternodos. This particular plan is expected to be carried out in the medium term.