WHAT IS CLOUD-MINING?
Cloud-mining (remote, cloud mining) - is the use of remote computing powers to extract crypto-coins (eg Bitcoin and Litecoin). This model of mining appeared through the combination of two factors: the decrease in the price of Bitcoin and the exponential growth of the degree of difficulty of mining, which made this process unprofitable in a home environment due to energy costs.
Mining in the cloud gives anyone the unique opportunity to start getting crypto-coins without massive investments or deep technical knowledge. Despite the simplicity of this model, it is necessary to clarify some subtleties and nuances. In particular, note that there are two modes of Cloud-mining.
First modality: remote hosting. This method of extracting the cryptomeda is convenient for those who understand mining and want to have complete control over the hardware. The disadvantage of this model is that it requires a significant investment of time and money. The equipment is expensive and requires understanding of the mining configurations.
In this model, all the hardware is housed in the technical center, being the responsibility of the user to control the equipment and to use the mining at a distance. The responsibility for the installation and configuration of the mining is of the user who pays the equipment and the electricity.
In short, we can say that the advantages of this model are the control of the mining process and the subsequent possession of hardware after the contract expires. As a disadvantage, we may highlight the need for a high investment and therefore greater risk.
The second mode - more accessible in financial terms - is the purchase of hashrate provided by our equipment, installed in a secure data center. Our technicians choose pools of pools based on efficiency and profitability, also guaranteeing the maintenance and proper functioning of the equipment.
This option offers a number of important advantages: it does not require the need to wait for receiving the equipment and worry about its delivery, as well as bother with the noise and pay huge electricity bills. Most importantly, you do not need to be an expert to understand the intricacies of mining settings or make significant investments. You can buy any amount of processing speed (hashrate), as far as your possibilities and financial capacity are concerned. As a result, entry barriers and risk are much smaller than the remote hosting version.
HashFlare provides its mining services in the cloud, ensuring an instant connection, 24/7 access, easy operation, high uptime and daily payments.
Mining in the cloud is great for beginners who want to get an income through mining as well as for advanced users who do not want to mess with the equipment and take a significant risk.
In my experience in Cloud-Mining the only company that returns its investment and HASHFLARE
Be very careful all Cloud-Mining work with Maintence Fee which is the rate of energy and machine maintenance depending on your investment you can take a lot to receive.
Below a photo of my panel on hashflare with my daily, weekly, monthly and annual earnings