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. The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares.

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How does Bitcoin Cloud Mining Work?

Cloud mining means a host company owns Bitcoin mining hardware and runs it at a warehouse.

You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchase

Is Cloud Mining Profitable?

Cloud mining can be very profitable, but remember, it is not a guarantee. There are various places you can cloud mine, some offering better deals and hashrates than others. These are often changing so it is a good idea to keep a look out for deals and promo codes. Just be mindful of what your paying, how much you are earning and don’t be afraid to switch miner, if another site works our more profitable for you.

It is however, like anything in life, nothing is a success without time, dedication, sacrifice and good old fashioned sweat. Learn about different coins, understand difficulty and make profit forecasts and remember that nothing is a sure thing.

Disclaimer: All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services.