A Beginner’s Guide to Bitcoin Cloud Mining
Bitcoin Cloud mining operation is an alternative to traditional cryptocurrency mining . Bitcoin Cloud mining is usually seen as a cheaper way to generate digital coins for people who are not technically savvy, as well as those who don't want to operate and maintain their own hardware and associated software. It's a method that definitely offers advantages for miners, but it's also an area ripe for scams. In this article, we will take a closer look at what cloud mining is and how it works, as well as its pros and cons. What is cloud mining? Cloud mining is a process for generating cryptocurrencies using rented computing power from a third party (cloud mining service provider). Each miner actually participates in a "mining farm" (remote data center for crypto mining) by buying a certain amount of "hash power" from the service provider. In return, the provider grants them access to rewards proportional to the amount of hashing power purchased by...