Etobitex is the process of bitcoin mining utilizing a remote data center with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts. In public blockchain networks, miners verify transactions in blocks and are rewarded with transaction fees and newly minted coins. In Bitcoin and several other blockchains, the number of newly minted coins per block is cut in half every 4 years, so inflation is limited. In Bitcoin networks, the reward started with 50 BTC per block, which has already been halved to 6.25 BTC per block. For more information, check out our halving countdown .