In the beginning, mining Bitcoin was easy. It could be carried out on just about any computer if the miner had the right skills. However, in today’s technological world, advanced mining equipment is required to earn Bitcoins, but it’s quite expensive and consumes a lot of energy. That’s how special mining firms started to mushroom in places where the cost of energy is low. These companies enable just about anyone to mine Bitcoins. Miners never have to shy away from variables such as setups, downtimes and software upgrades. And that’s the essence of cloud mining.
Let’s define cloud mining in an easy to understand way. Cloud mining involves buying some hashing energy from a cloud mining provider that is dedicated to mining Bitcoins for you. Essentially, the cloud mining provider takes care of all management aspects, and all the operational and work involved in Bitcoin mining. In other words, they do all the heavy lifting for you, and all you have to do is pay for the infrastructure and they manage it.
The best Bitcoin cloud mining providers
1) Genesis Mining is the best Bitcoin cloud mining provider out there
If you’re searching for a reputable and transparent Bitcoin cloud mining provider, then Genesis Mining is the surefire choice. Apart from helping you mine Bitcoins, Genesis Mining helps you mine other cryptocurrencies, such as Ethereum, Litecoin, and more. Almost all the mining contracts on Genesis Mining are lifetime, plus they don’t come with a maturity date, which means you can continue mining as long as the venture is profitable. They target those potential miners who want to partake in mining but don’t want to set up mining infrastructure in their homes.
2) HashFlare is the second best Bitcoin cloud mining provider
HashFlare offers a huge array of cloud mining services for individuals. They have extensive experience and expertise in the cryptocurrency space because they have been around since the innovation of Bitcoin. The core aim is to make cryptocurrency mining accessible to everyone regardless of their age, experience, location, technical ability, and financial ability. They also help people mine other cryptocurrencies like Ethereum, ZCash, Dash and more. The awesome thing about HashFlare is that the entry cost is low and the risk and expense associated with it are minimal. Their website has a very easy to use dashboard. It also comes with lifetime contracts, as well as detailed statistics you can look up anytime.
The prospect of just paying for the infrastructure and the money starts rolling in while on vacation is an attractive prospect for many. No wonder that many are flocking to cloud mining companies today to earn Bitcoins the easy way.
"There are many scam outfits posing as miners. Do your own research before investing."
— BTC Miner (@btcminer) 22 de enero de 2018