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Advantages of cloud mining:
The user gets rid of all the disadvantages of mining: monitoring of cloud mining, setting up equipment, paying bills for electricity.
- Quite high profitability - services allow you to receive on investment of 200% to 400% of revenue for the year, which, coupled with a constant increase in the rate of crypto currency makes this very interesting.
- Companies have a legally registered status, are in geolocations with transparent legal norms (mainly Europe) and are quite reliable.
- The total capacity of the hotel data center will always be greater, therefore, when collecting your farm and leasing the capacity "on the side", the compensation indicators will differ - each mining of the crypto currency on the machine has its own balance of costs and profits. At the same time, the difference will be in favor of contracts for cloud mining - even taking into account the profit laid by the service, the profitability for the user will be higher.
- Profit can be predicted: investing in contracts for cloud mining has nothing to do with the purchase of shares on the stock exchange - where the price may fall due to reduced demand, and the production of crypto currency is protected from such force majeure, due to the average complexity of the network and the exchange rate. Using this service in any case brings you money, and a fixed amount of compensation and well-known indicators of the complexity of calculations allow you to easily predict the profitability and use the cloud mining Bitcoin (SHA-256) or another coin.
- The ability to carry out auto mining of bitcoins on a large number of resources simultaneously, searching for the most profitable contracts without any restrictions. But be careful with new services, the bulk of the investment should be on proven platforms (HashFlare and Genesis Mining often provide promotional codes and coupons for discounts on BonusCloudMining website about сrypto-currency).
- Referral programs - for the user's invitation, you can rely on a fixed amount or a small additional percentage of the profits on his contracts. So, the creators stimulate the demand for their services, so that cloud-based crypto-currency mining becomes more popular and accessible. This is not a significant income, but still a small bonus.
- Quick and easy scaling! This is an extremely important aspect that is not fundamental at the first stage, but is critical in further development. Unlike the classical production of crypto currency, in cloud mining we are always able to scale our capacities in just a few minutes and at no additional cost (who was engaged in production on his equipment is familiar with the problems of scaling).
Cloud mining is the same habit of earning bitcoins and altcoins at the expense of computing power, only without using your equipment. With cloudy coin mining, equipment is leased from services (companies) that have powerful data centers with farms for the production of crypto currency.