Cloud mining is also called cloud hash computing, which is to purchase the computing power generated in remote data centers, that is, organizations purchase a large number of mining machines in batches. They will divide the computing power into a certain level and sell them to individuals. The organization is responsible for electricity and transportation. dimension. After the user purchases the computing power, he just waits for the mined bitcoins to arrive.
▌What are the advantages?
There is no need to purchase mining machines and maintenance, no need to pay electricity and other miscellaneous fees, only contract fees.
Compared with the thrilling roller coaster that goes through big ups and downs in the currency market every day, the investment return ratio of cloud mining is relatively stable, which is equivalent to a long-term small rated investment, and will not affect daily investment decisions due to large currency price fluctuations.
▌What are the disadvantages?
Some platforms may involve scams or runaways. Keep your eyes open and choose a platform that is reliable and endorsed.
Unverifiable or suspicious Bitcoin cloud mining operations are risky, but the risk is much lower than speculation.
Profits may not be as high as direct investment or moving bricks.
▌Currently popular and easy-to-use cloud mining platforms on the market
◑ Hashflare (https://hashflare.io/)
It provides SCRYPT cloud mining algorithm and SHA-256 cloud mining algorithm, which are currently cost-effective. To automatically pay in Bitcoin, customers must purchase at least 10 GH/s and the contract period is one year. In addition to Bitcoin, it also provides cloud mining services for Ethereum, ZCASH and DASH.
◑ Genesis Mining (https://www.genesis-mining.hk/)
Claimed to be the largest Bitcoin and scrypt cloud mining provider. Genesis Mining offers four Bitcoin cloud plans at reasonable prices. It also provides cloud mining contracts for Zcash, Litecoin, Dash, Litecoin and Monero.
Hashing24 has been engaged in Bitcoin mining since 2012. They have factories in Iceland and Georgia, using BitFury's modern ASIC chips to provide the highest performance and efficiency.
◑ MVU Cloud Mining (https://mvu.com/)
MVU cloud mining (mvu.com) has a global deployment of mining farms around the world, and has invested in several large-scale mining farms and IDC computer rooms in Asia, which is mainly distributed in Sichuan/Yunnan/Xinjiang/Inner Mongolia in China that have access to abundant power resources, as well as Kazakhstan/Russia.
◑ Minergate (https://minergate.com/)
MinerGate is a set of mining pools created by cryptocurrency enthusiasts. It is the first mining pool to provide services for combined mining. This means that when mining in our pool, you can mine different currencies at the same time without reducing the hash rate of the main currency. More than a dozen cryptocurrencies such as BTC, BTG, Zasch, ETH, and Ethereum Classic can be mined.
◑ Hashnest (https://www.hashnest.com/)
Hashnest is operated by Bitmain, which is the manufacturer of the Antminer production line for miners. In addition to the AntL3, AntS9 and AntS7 cloud computing power, the platform also launched an accelerated return to cloud computing power contract (PACMiC). There is no maintenance fee, and the maintenance fee is paid by Bitmain. Before the buyer pays back, the outstanding capital Gold will also receive profits.
It is said that Bitcoin mining has been going on since mid-2013. All Bitcoin miners are located in Australia's most advanced data center and have direct access to high-quality equipment and 24/7 support.
◑ NiceHash (https://www.nicehash.com/)
Today, one of the largest cryptocurrency computing power markets in the world provides mining services for Bitcoin, Zcash, Monero, Ethereum, Dash, etc. The minimum contract order is 0.005BTC, and more than 20 different computing powers such as Scrypt, SHA256, ScryptNf, X11, etc. can be provided to buyers at any time.
◑ Eobot (https://www.eobot.com/)
Claimed to be the simplest, cheapest, and best cloud mining solution. The minimum investment is $10, and you can use PayPal to pay. You can choose 20 cryptocurrencies such as BTC, Eth, LTC, BCH, Ripple, Dash, NEM, and Zcash.
