What is cloud mining?


SUBMITTED BY: mrp1994

DATE: Sept. 24, 2016, 12:37 p.m.

FORMAT: Text only

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  1. What is cloud mining?
  2. In simple words, mining is providing Bitcoin network with computing power for which miners receive new Bitcoins. The more computing power (hashrate) you provide, the more bitcoins you can mine.
  3. Nowadays the technology has advanced so far that you cannot use your own PC for mining anymore. It requires purchasing advanced equipment which creates an array of challenges and issues, namely noise, space, logistics and attention. These challenges make mining profitable enough mostly only for dedicated mining operations. This is where services like ours come in handy - we take care of all the technical aspects. All you need to do provide us with capital by purchasing hashrate.

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