What is my opinion on cloud mining?steemCreated with Sketch.

in cloudmining •  7 years ago  (edited)

Because I recommend mining the cloud for the year 2018.

Mining is one of the best ways to make money in the crypto space. One of the best things about cloud mining is that it is completely lost. You simply purchase your contract and then collect your crypto.

How does Cloud Mining work?

Actually my knowledge about cloud mining is very recent and what I know about cryptocurrency mining for me is a cryptographic mining process that is used in a remote data center with shared processing power. It allows people to mine cryptocurrency without having to own any hardware, without having to buy software and (most importantly) without having to pay for electricity. Think of cloud mining as web hosting.

How profitable can Cloud Mining be?

For me, cloud mining is very profitable because you do not have to pay for energy. There are Cryptocurrency mining calculators that you can use to figure out how much profit you can create for cloud encryption. I always make sure to put power at zero in online calculators because you will not be paying for energy as it is obey!

What are the best coins to mine?

I think that in my opinion the coins to mine and I think that all people are looking for Bitcoin (Bitcoin is constantly being contracted by the clouds minings made it so the hardest to find) after Ethereum and Litecoin that in this next year 2018 goes give that talk

I always make sure to calculate my profits before investing in cloud mining. Because there are always risks to detect when you do not know how to project a profit, mainly in cryptocurrency!

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