Cloud Mining is The Easiest Way to Get Cryptocurrency
Cloud mining is the easiest way to get digital currencies as the most famous trend in the world of digital currencies and blockchain in the recent period is cloud mining.
Where this type of mining has witnessed great popularity and tremendous growth in the past period, and helped in this matter scientific, technical and technological progress that conquered the entire world. It also caused a digital and informational revolution that major developments swept the world in these areas, one of which was this type of mining.
Where investors started with this type of investment as an alternative to traditional work and regular investment. Investors have been very active in this field due to the large profits generated by these investments and the huge financial returns.
Contents
1 What is cloud mining?
2 How cloud mining works
3 Advantages of cryptocurrency mining
4 Best Free Cloud Mining Sites
5 Eobot website
6 Hashnest mining site
7 Genesis Mining site
What is cloud mining?
It is one of the types of mining that takes place on digital currencies, and this type of mining relies on cloud computing and is done remotely.
Cryptocurrency and the increase in trading and investing in it also increased the problem of working in mining because of the profits it generated.
Mining is not limited to the type of cloud, but there are several other types, some of which we mention:
Individual mining:
The general concept of mining as we all know it, that is, the person in which a person mines his digital currencies traditionally without resorting to people or companies.
The problem facing this type of mining is that working in it requires a lot of experience in the technical field. Where you will work alone without getting any kind of support. You should also regularly check and maintain the equipment.
Mining complex:
It is a group of people who work together to mine digital currencies. Where these people exchange ideas, equipment and computing devices through a network to get the most efficiency.
After mining and getting the profits, these people share the profits according to each one of them sharing the computing power.
Mining with CPUs and GPUs:
The mining process is almost the same in these two types and the difference is in the hardware used in each.
How cloud mining works
This type of mining works through large capacity computing devices in companies. By doing very large digital currency calculations.
There are 3 types of cloud mining that explain how they work:
1- Renting mining energy:
This type of mining is based on renting mining capacity or cloud capacity. through which the mining process is actually carried out.
Mining is also measured in units such as gigabytes hashes per second or terabytes hashes per second. The more likely you are to get cryptocurrencies.
2- Hosted Mining:
It is one of the types of mining and depends on providing equipment for the mining process, either by renting or purchasing these devices.
It is the most profitable type of mining in addition to the cost, and most people resort to the option of renting more than buying because it is less expensive.
3- Mining with virtual hosting:
This mining is very similar to traditional hosting and depends on installing and installing certain programs to rent and control the virtual servers that perform the mining process. This type or method of cloud mining requires a lot of technical expertise to control the virtual servers.
Advantages of cryptocurrency mining
*. You will not need to buy mining equipment and put it in the house:
In this type of mining, we rent the equipment from the site or the company that we deal with, and thus the equipment remains in the company without the need to allocate rooms in the house for it.
Instant profit:
*. The moment you rent your mining or computing power, the earning process will start for you. There are many free cloud mining sites that help you in making instant profit.
*. No need to worry about maintenance and operation:
This is the advantage of dealing with companies, as the company is responsible for all matters related to maintenance and resolving emerging problems.
* Don’t get distracted by the noise.
Traditional mining with its mining equipment is a very noisy process as the mining equipment produces a lot of noise but with cloud mining, you are very far away from these issues.
Disadvantages of Cloud Mining:
*. The profits from it are less than the profits from a solo mining, as the companies you interact with in order to carry out the cloud mining process will require a percentage of the profits being unique to the profits in the solo mining.
*. Lack of control when dealing with some companies: Many companies that provide cloud mining service do not allow them to control the mining capabilities, which causes a big problem for customers.
Best free cloud mining sites
Eobot website
This site is considered one of the best sites specializing in cloud mining and the best reliable bitcoin sites that make excellent profits.
In addition to its great features, it secures more than 15 cryptocurrency contracts
The investor can also withdraw and receive the profits of all those currencies that he used. In addition to securing all forms of contracts, files and facilities that speed up the process of collecting profits.
It helps in mining cryptocurrencies easily, and this site is comparable to the large and trading Ethereum mining sites
Also, the investor does not bear any cost when subscribing to this site
It is also possible to specify the time period for concluding mining contracts
Hashnest Mining Site
This website was created at the end of 2012.
It has more than 2 million users and customers who deal with coin mining through its windows.
Hashnest is also one of the sites that have the ability to mine digital currencies such as Bitcoin and other cryptocurrencies.
Genesis Mining Site
Through this site, you can create your own good financial income in easy ways by taking advantage of the opportunity for the Bitcoin price to rise.
Where this site has many wonderful advantages that make it superior to the rest of the honest sites that offer money and dollars.
And you can earn quickly while you are at home without getting tired without any effort
It is also considered one of the most popular sites in cloud mining and investment because of its features that increase the desire of customers to work on it. Hashnest has many advantages, including:
*. It is considered one of the simplest, fastest and easiest-to-use websites.
*. It is also one of the few sites in the field of mining over the phone that accept dealing and communication in Arabic.
*. It is also the best and most honest cryptocurrency mining site out there.
*. It is one of the most beautiful and elegant platforms and websites, and it has a wonderful interface on the screens.
*. Also, it supports cloud mining contracts for more than 5 cryptocurrencies.
*. It also supports dealing with credit cards and attractive discount coupons.
Just as this site has advantages and advantages, it also has disadvantages and disadvantages, the most important of which are:
The disadvantage related to obtaining mining contracts, as it is almost difficult to obtain these contracts because they do not remain in the trading arena, as they are executed quickly and this is one of the disadvantages of Hashnest
We gave you an overview of cloud mining, how it works, its advantages and disadvantages, and the best honest sites that are used in this type of mining for digital currencies.