What is Cloud Mining?

What is Cloud Mining?
Cloud Mining allows users to buy computing power generated through "calculators" placed in remote data centers.

Then all Bitcoin mining is done remotely via the internet. This allows homeowners to avoid the hassles usually encountered during the bitcoin mining process such as electricity, lodging issues, heat, installation or maintenance issues.

What are the benefits of Cloud Mining?

• No excessive heat to treat
• no fan constantly turn on
• No electricity costs
• No equipment to sell when bitcoin mining is no longer profitable
• No ventilation problems with hot equipment
• No pre-ordered bitcoin mining exploration material that may not be delivered on time by equipment suppliers.

Source

Ending the myths: The truth about the mining sites of Crypto-Coins

Any new industry is full of scams and the Bitcoin and Crypto industry is no exception. There are a multitude of methods to steal your hard earned money ...

So, how do you identify a Bitcoin scam. Well, it's very difficult to know because crooks are becoming more and more clever.

Here, at buy-bitcoin.pro, we do all the work to test and desalt the true of the fake, so you do not have to do it. We delve into the web and if we have doubts about a company that offers the cloud mining contract. if we do not have one if we have tested it - or if we have sufficient evidence of its seriousness or positive antecedents then only we will list it.

In 2014 and 2015, there was a change in the use of mining platforms by individuals at a cost too high for individuals to carry out, so that the cloud mining market was developed. This has attracted the attention of crooks who have set up a number of mining sites offering mining contracts for Bitcoin, Ethereum and other crypto-currencies.

With any industry, scammers need to stay one step ahead of those who monitor it. With Bitcoin, it is incredibly difficult to get separate proof because the industry is geographically dispersed, but there are warning signals that we are looking for that usually mean something suspicious.
Here are some of the tips that unreliable mining sites use:

1. The domain name is never registered for a real user but is hidden.
2. They register a company - a number have done so in London to give the illusion of prestige - but directors are often registered as foreign residents where identity requirements are easily faked.
3. They are evasive when asked to show proof of their equipment.
4. They set aside funds and use initial funds from customers to make payments and give illusion of respectability and honesty that will then generate more customers. One day the address stops paying.
5. They use video promotion, for example, videos using fake representatives and offices - without any evidence of equipment.

More information about the leading cloud mining companies:

Hashflare Offers Cost-Effective Cloud Mining Contracts. Automatic payments are always in BTC. Customers must buy at least 10 GH / s.

Genesis Mining is the largest provider of Cloud Mining Bitcoin and other Cripto-currencies. Genesis Mining offers a wide range of mining choices at reasonable prices. Zcash's mining contracts are also available.

MinerGate is a mining pool created by a group of cryptocurrency enthusiasts. This is the first pool (mining pool) that provides a fused cloud mining service. This means that when pulling on our pool, you can combine the power of your computer with that of minergate machines.

Eobot: Start mining Bitcoin with as little as $ 10. Eobot says its customers can break even in 14 months.
Hashing24 has been involved in Bitcoin mining since 2012. They have facilities in Iceland and Georgia. They use modern BitFury ASIC chips for maximum performance and efficiency.

Hashnest is operated by Bitmain, the producer of the Antminer line, the largest brand of Bitcoin mining equipment. HashNest currently has more than 600 S7 Antminer for rent. You can see the latest prices and availability on the Hashnest website. At the time of writing, the hash rate of an Antminer S7 can be rented for $ 1,200.