What is cloud Mining?
Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner.
Concept that allows you to form groups (mining pools) in order to obtain more revenue from general effort compared to mining in using their equipment. Bitcoin mining is done “in the cloud” and avoids many problems, including power interruptions, problems with installing or connecting to the internet, energy costs, difficulties for equipment maintenance.
In this post i wanted to list the best and safest cloud mining of 2018:
Genesis mining is the first cloud mining company to be one of the safest platforms. Genesis Mining was founded at the end of 2013. The founders of our world-class cryptocurrency company got to know each other by using the same platform for buying and selling Bitcoins. The company offers different types of packages and the possibility of mining different cryptocurrencies such as Bitcoin, Ethereum, Monero, Zcash and much more…
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This is also an excellent company, with affordable prices.HashFlare is a new range of cloudmining services brought to you by the HashCoins team of cryptomining experts.The team has been involved with cryptocurrencies since the inception of Bitcoin and has over 3 years of experience in the field of mining cryptocurrencies. Cloud mining offers a unique option for mining with a low cost of entry as well as minimal risk and expense, which is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware.
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MinerGate is an open mining pool where people use their computers to add hashing power to that of thousands of other miners. The user interface is openly downloadable and allows people to quickly start mining Ethereuem, Bitcoin, and a selection of other altcoins. It helps to break down the usual complexities found in mining. MinerGate allows anyone to grab the program and run it on his or her computer. Large, powerful units can, of course, add more power, but smaller, amateur miners can use a normal PC or laptop. They can even run the smartphone application if they’re so inclined. It sounds great, but realistically, the lesser your device, the less you can earn. A phone is nearly pointless in terms of hashing power. The average laptop will put a little more starch in your pants, and it can make it fun to get involved, but returns will still be limited. Of course, it all depends on the coin you mine as well. While MinerGate is quick and simple to use, there are complex algorithms running in the background. In just a few clicks, it exploits the maximum capability out of your hardware based on how much you want to dedicate. You don’t need to get involved in any of this with a program like MinerGate; simply let it do the hard work while you while away the day on low-processing tasks. The MinerGate team will reward you based on how much input you are committing. If you’re looking to boost your passive income, then it’s a neat solution. You can put your computer to work while you aren’t using the hardware. There are lots of other mining pools around, but many require a little more knowledge to run and can only mine one cryptocurrency. MinerGate has the distinct advantage of working from both the CPU and GPU to mine multiple cryptos for maximum profit. For example, you can run both Ethereum and Monero mining simultaneously.
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