Did you know that you don’t have to buy expensive equipment and create your own farm to mine Bitcoin or other cryptocurrencies? Instead, there is a way to become a miner without huge investments and fiddling with constantly aging hardware and huge electricity bills. This method is called cloud mining.
What is Cloud Mining?
Cloud mining is the mining of cryptocurrency using facilities rented from another company. The equipment can be placed anywhere globally: the miner can access it online through the control panel. The company takes care of all the worries about the placement and maintenance of mining facilities.
Cloud mining is available for Bitcoin and other cryptocurrencies powered by the Proof-of-Work (PoW) consensus algorithm. Each provider independently determines the list of coins for mining, offering the user ready-made tariff plans. It remains for the miner to choose the cryptocurrency and the hashing power – for example, one terahash per second for Bitcoin mining.
Cloud mining is the easiest way to start mining without investing in hardware. Technically, cloud mining is no different from the classic method of mining cryptocurrency. As a reminder, Bitcoin and many other coins are built on the Proof-of-Work consensus mechanism – proof by work. To confirm transactions on the network, miners spend computing power, and they receive cryptocurrency as a reward.
IDMining’s blockchain-integrated cloud mining is incredibly simple for users to begin, as it only requires following three straightforward steps.
Step 1. Sign Up: Fill in the form and get ready to start mining in under than 1 minute
Step 2. Purchase A Contract: Choose one of the most profitable contracts and start cloud mining
Step 3. Get Paid: Withdraw your mining income on a daily basis to your crypto wallet
More details on IDMining:
- Sign up to get $5 immediately.
- Automated daily payouts.
- No overhead or electricity fees.
- An affiliate program with 3% lifetime rewards.
- Different Crypto contracts to choose from.
- DDos and SSL protect the system.
- 24-hour online support.
|
Contract Price |
Contract Terms |
Fixed Return |
|
$100 |
1 Day |
$100+$2.1 |
|
$300 |
3Days |
$300+$27.9 |
|
$800 |
7 Days |
$800+$196 |
|
$2000 |
12Days |
$2000+$936 |
|
$4200 |
20Days |
$4200+$3360 |
|
$8500 |
30Days |
$8500+$10455 |
To Conclude：Is cloud mining profitable?
Cloud mining can be a great way to earn passive income. This is because you can mine cryptocurrencies without putting much effort. Additionally, you can typically reinvest your earnings into the cloud mining service to increase your hashing power or lease more resources. click on this link for the required official assistance – https://idmining.com/
