Cloud mining is the perfect option to get the cryptocurrencies without buying special expensive equipment and without paying for electricity.
Cloud mining — what is it for?
This is the process of mining Bitcoins and certain altcoins (not all the tokens can be mined) using a remote data center. This method of mining let you receive the mined cryptocurrency even when you do not have all of these ASICs and other equipment that costs thousands of USD. It can be rented from large services. To do it, the miner must pay a commission that is always fixed. The company cares for all the problems of buying and maintaining the needed for mining equipment, paying bills, maintaining the network’s performance.
The essence of the method is simple: instead of spending dollars on electricity and supplies, the user rents it from the existing large services. Traditionally these companies are created in the countries where the electricity tariffs are affordable and the climate is cool. The user pays them special commission (fixed one) and a percentage from his awards for mining (profits).
How cloud mining works
The usual miner often uses an assembly of video cards. The equipment must work all the time, without any stops. When it is hot, the user must care about the working system and cool it using a fan or/and an air conditioner. The electricity bills grow, and finally, the profits from the mining go down. Considering this situation, mining specialists started to create the “cloud” services. The first of them appeared in 2011, but they gained the greatest popularity recently.
Pros of mining
The benefits of cloud mining are evident. They have following advantages:
– The user does not need to be a specialist and understand what is more profitable — to assemble a mining farm or buy equipment. Here, all units are already configured, and they work perfectly. When you choose <a href=”https://cryptosmine.me”>Cryptosmine</a>, register there and pay for services.
– This is cool when the user comes from the area with high electricity tariffs.
– The miner must not always monitor the cloud mining. The user also does not need to check the state of the equipment. All the operations are the automatic processes.
– Bitcoin cloud mining is available to each one who wants to earn the crypto. Low entry threshold – you can try your hand on a cheap tariff plan, and only then invest larger amounts.
– The user does not need to upgrade his equipment t constantly.
– He has no problems with the maintenance of his laptop or a desktop, cooling and repairing it.
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