cloud-mine.pro

Cloud-mining is the remote use of computing power for the production of crypto-currencies (for example Bitcoin and Litecoin). This mining model was due to the fact that the increase in prices for bitcoin caused a significant increase in complexity, which made mining at home unfavorable for mining enthusiasts.

Сloud-mining gives users a unique opportunity to start production of crypto-currency without capital investments and deep technical knowledge. Despite the simplicity of this model, it is worth to clarify a couple of subtleties and nuances. In particular, note that there are two variants of Cloud-mining.

Summing up, it can be said that the advantages of this option are the control over the mining process and the subsequent ownership of iron at the expiration of the contract. The drawbacks include a large monetary contribution, and therefore a risk.

Read More