You, yes you, can start mining bitcoin today with a new, innovative concept called cloud mining.
Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.
Pros and Cons
Pros:
*Cloud mining is really useful for those who aren’t technically minded and don’t want to run their own software or hardware.
*If you have very high cost electricity too – for example in Germany – then it’s a good idea to outsource your mining to somewhere where electricity costs are much lower as they are in America.
*No equipment to sell when mining stops being profitable
*No ventilation issues with hot equipment
*Reduced chance of being let down by mining equipment suppliers.
Cons:
*You can be subject to fraud
*Less fun (if you’re a geek who likes system building!)
*Contractual warnings that mining operations may cease depending on the price of bitcoin
*Lack of control and flexibility on mining operations.
How does cloud mining work?
The main difference between traditional Bitcoin mining and cloud mining is in who houses and maintains the Bitcoin mining hardware. With traditional Bitcoin mining, the user buys, sets up and maintains the Bitcoin mining rigs. This requires extensive technical knowledge as well as adequate ventilation for cooling and may result in excessive electricity costs. On the other hand, with Bitcoin cloud mining, the Bitcoin mining rigs are housed and maintained in a facility owned by the Bitcoin mining company. The customer simply needs to register an account and purchase Bitcoin mining contracts or shares. These Bitcoin mining contracts immediately start mining Bitcoin which is paid out to the user. The user does not have to concern himself with ordering, setting up or maintaining Bitcoin mining hardware. Nor is the user required to make a big up front Bitcoin mining investment. For as little as fifty dollars, he can begin cloud mining. From that point on the Bitcoin mining hardware housed at the Bitcoin mining company will do all the work.
Trustworthy sites
OK, lets assume you are interested in cloud mining,but now you face another problem,scams.Many cloud mining sites have been discovered to be ponzi schemes. However if you search well you will be able to find trustworthy sites, here are two of the sites Ive personally invested in and have returned some benefits:
https://hashflare.io/r/F0982FA3-BLOGGER
https://www.genesis-mining.com
This are trustworthy sites but handle them with extreme care and I strongly encourage you to do your own research.
I won't put any promotional codes because i don't want to go through as spam and because I only write this for fun.But if you want the codes for 3% discount you can't find them anywhere.
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