Cloud Mining
When I first heard about cryptocurrency mining, I was very surprised. Precious metals are mined, it is easy to understand. How could the mining of digital currencies, intangible coins, be done? This question was enough to confuse my mind enough. We learned this in our previous course topic. When the necessary equipment was installed, there was indeed cryptocurrency mining. Since crypto coins are not decentralized, crypto coins could not be printed like real money. The production of cryptocurrencies had to be provided. For this, cryptocurrencies had to be produced with devices or otherwise.
Nowadays, it has become very difficult to mine crypto money. Very powerful companies are mining cryptocurrencies. Therefore, it became impossible to mine crypto money individually. Crypto currency mining can be done with strong infrastructure, strong financial support, and powerful equipment.
For those who want to mine crypto money but cannot mine cryptocurrency due to certain conditions, there is a form of mining called Cloud Mining. Companies are mining for you and you just pay them real money or cryptocurrency. They also make you pay according to the amount you pay, the package you choose.
Best cloud mining platforms
By doing research on the internet, we can find platforms that provide reliable Cloud Mining services. One should be very careful when choosing a company. A friend of mine paid for Dogex.pro last week. After a few days, he could not login to the website again. It is said that there was a fire where dogex.pro servers were located. It didn't seem very convincing to me.
As a result of my research, I found reliable companies. Here are these companies.
Genesis
Genesis stands out as one of the best cloud mining companies. Everyone who knows this market says this. It is a company that was established in 2013 and has managed to be reliable. They continue their work in Iceland. They preferred Iceland because of their low energy costs. They are mining Bitcoin and other altcoins. Genesis company offers different types of contracts. The contract period is 12 months and 24 months. Packages are in the form of small, medium, large and custom plans.
NiceHash
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The company has different mining offer options. There are a lot of options. Mining software is quite remarkable. They receive payments in Bitcoin. No matter which cryptocurrency you want to mine, payments are made with Bitcoin. It serves both in Europe and America. The name of the company in Europe is NiceHash, and the name of the company in America is WestHash.
HashFlare
It is known that Estonia is the country where crypto money companies show the most interest. Because there are good opportunities for companies. Taxes are very affordable for companies. HashFlare is a company operating in Estonia. Energy costs in Estonia are relatively lower than in other countries. the company wants to use this advantage. However, the company itself is not a miner. It brings people who want to do mining together with mining companies. It kind of mediates.
Advantages and Disadvantages
If we start from the advantageous aspects, you are mining crypto money without buying any equipment. Maybe you have an enthusiasm about it, you want to make it happen, but it doesn't happen. Even if you do not mine directly yourself, you will also be mining because there are some people doing this job for you. If you try to mine individually, you will suffer because you cannot compete with powerful companies. In many ways, you are at a disadvantage compared to strong companies. Even if you want to mine, mining in your geography may be illegal.
There are many companies doing cloud mining. If you try to research on the internet, you will come across thousands of companies. In fact, most of them are not cloud mining companies. Most of it is cheat. Lots of fraudulent companies in the cloud mining industry. You can lose all your money in this business that you start with the dream of making money.
There are many companies doing cloud mining. If you try to research on the internet, you will come across thousands of companies. In fact, most of them are not cloud mining companies. Most of it is cheat. Lots of fraudulent companies in the cloud mining industry. You can lose all your money in this business that you start with the dream of making money. Even if you are not scammed, the company can trick you in another way. It may pay you less than you deserve. The company may say it is making a loss and not pay you at all.
The other downside of Cloud Mining is that earnings are low. The company takes the earnings you deserve.
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