Cloud mining

Today, cloud mining can be called one of the most balanced ways to generate passive income. The best cloud mining providers allow customers to earn BTC (as well as other coins) without any knowledge and purchase expensive machines. The whole process is quite simple. Even if you're an absolute newcomer.

So what is actually cloud cryptocurrency mining? If you simplify the definition of this technology, then cloud mining is the process of creating new coins using the leased capacities of the providing companies. The hardware can be located anywhere in remote data centers serviced by cloud mining providers. The company takes care of both hardware and software. Thus, you do not need to purchase either hardware or special applications and programs.

There are several models of cloud mining. Host mining, for example, involves the lease of mining units (a certain type of equipment). In turn, a cloud mining model with hash capacity leases involves leasing/leasing the total capacity generated by a remote mining farm. This is the easiest and most profitable way to create passive income in bitcoins, as well as some altcoins (such as Ethereum, etc.).

Key Benefits of Cloud Mining

If you have already targeted cloud cryptocurrency mining, you will have to learn about the main advantages of this type of cryptocurrency creation. Here are some key advantages of cloud mining over the "classic" option.

• You do not need to buy and configure special equipment.
• No technical or IT knowledge is required.
• Cloud mining is the only way to extract cryptocurrency without high electricity bills.
• Most cloud mining sites offer fairly high returns.
• Those who are interested in the diversity of cryptocurrencies can easily extract various cryptocurrencies using the same platform.
• Virtual cryptocurrency mining allows you to extract BTC without heat and noise. You don't have to keep any devices at home.

How to start earning cryptocurrency

Another important advantage of cloud mining is that this process is available to literally everyone. All you have to do is simply choose a legal site and purchase a suitable contract. There are a lot of companies engaged in cloud mining. Therefore, choosing reliable is not so easy. Use proven cryptocurrency-related sources to make sure you don't invest in fraudsters.

Note that cloud mining has several plans offering different hashrates. The cloud mining hashrate shows how many coins the installation can get at any time. The most powerful plans bring the greatest income from the cloud mining process. In other words, the larger the hashrate you purchase under the contract, the faster you start to see the real results in your account. The obtained cryptocurrency can be transferred to any cryptocurrency wallet (as well as to a bank account or credit card).

Summary

So, having considered Bitcoin cloud mining technology in more detail, you can make sure that this is an easy and quite profitable way to earn stable earnings without large investments. Of course, this is not the "magic" money-making scheme that will make you rich in two accounts. And yet, you can create a good income in BTC that will be absolutely passive (and it's really simple).

SHAMINING is one of the most popular cloud mining platforms that entered the cryptocurrency business market back in 2018. Today, the service is used by more than 70,000 crypto investors from around the world who earn bitcoins daily, renting the company's computing capacity. SHAMINING allows you to mint cryptocurrency without problems, without investing a lot of money in the purchase of equipment and not paying space bills for electricity. This is a truly simple and profitable way to earn bitcoins, accessible to absolutely everyone. Get your 37% bonus on your first investment.