What is cloud mining?
According to Wikipedia: Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power.
This type of mining cryptocurrencies work without the use of hardware mining tools.
HOW BITCOIN MINING WORKS
A bitcoin network mining farm are mainly hosted p in Croatia or Iceland cause electricity cost are really cheap there.
He find investors online by creating a website. The coin miner pay for electricity fee .. The owner ensure you get back your investment.
BITCOIN MINING FARM.
BENEFITS OF CLOUD BITCOIN MINING
• You don't pay for electricity cost.
• You can earn Bitcoin or altcoin without using your own computer hardware.
• You mining from the best cloud mining companies. Be rest assured you scam free
• Cloud mining are long time minimum cash back investment are from 24 to 36 months.
• Suitable for long time investor
TYPES OF CLOUD MINING.
In general, there are three forms of remote mining available:
• Hosted mining: is the leasing of a mining machine that is hosted by the cloud miner provider
• Virtually hosted: Your own virtual private server installed with a mining software.
Leased hashing power: A company lease out there hashing power, to you without having a dedicated mining tool or physical,virtual computer. (It's the most popular method of cloud mining today.)
HOW TO AVOID BEEN SCAMMED
1: They Don't Operate for Long
If you very observant you'll notice most of this scam companies start way too soon. Some started 2017, 2018 and they all claim to have payout millions within a year.
2: Fake wallet address
To trick you into believing there shading network. They always have fake address as a sign of payment proof. Real address are verified on the Blockchain network.
3: Inability to withdraw balance
After mining or earning bitcoin they will be a limitation to withdraw your fund. Some will give you excuses such as website upgrading, increased payout, and so on.
4: People are complaining
Before you start mining be sure to have done enough reason. Google out networks you intend using...
IS IT WORTH INVESTING?
Cloud mining can't make you rich but be rest assured you'll get your investment back. Mining are mainly for investor's especially long time investor.
Hardware mining are more expensive cause, you use your desktop or laptop to mine which reason to high •electricity bills, maintenance,
Security if necessary.
Cloud mining are easy you can start wit $1.80 for 1 GH/s to as high as $1000.
Note: Investors should only invest in cloud mining if they are comfortable with these risks
1: HASHFLARE
hashflare is a cloud mining service created by the specialists from HashCoins in 2015. You can start mining bitcoin, litecoin, ethereum, zcash, dash and other cryptocurrencies with ease.
hashflare mining are quite cheap you can start low from $1.80 per 1MH/S to get better profit recommended you invest and buy at less $100 about 60MH.
If you don't have that much start with the one you can afford.
5 Reasons why you should hashflare
1:Instant connect: The mining starts immediately after confirmed payment. First payouts within 24 hours.
2: Instant withdrawal- Choose the amount to withdraw and receive it instantly
3: Live detailed statistics - View all mining related information in real-time, at any point from any location.
4: Pool Allocation- You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination.
5: Fixed Fees- No hidden fees or comissions. Every single transaction is visible to you.
TO START MINING WITH HASHFLARE CLICK HERE
2: GENESIS MINING
Genesis Mining was founded at the end of 2013. Genesis Mining is the largest cloud mining company on the market. Mine bitcoin and altcoin through the cloud .
Verified by FORBES, CNBC,THE ECONOMIST, COIN DESK, THE HUFFINGTON POST and more.
WHY CHOOSE GENESIS MINING?
•Mining different coins at the same time
• Support multiple altcoin
• Simple pricing
• regular promotions including promo codes and upgrades
• Real people, real company
• 1st in the business
• Trusted by over 20k people
TO START MINING WITH GENESIS MINING CLICK HERE
If you know of any trusted cloud mining services. Comment below with proof or send us a mail to Usebtcoin@gmail.com
