Cloud Mining is the process of cryptocurrency mining utilizing a remote data center with shared processing power. This type of cloud mining enables users to mine Bitcoins or alternative cryptocurrencies without managing the hardware. Users select a desired amount of hashing power and a period of the contract, that's all, rest is up to the cloud mining company. That's why there are several advantages over the normal home-mining.
Advantages of Cloud Mining:
- Dedicated Space - equipment needed for mining often takes a lot of space and make a lot of noise
- Equipment Costs - getting mining equipment without bulk preorders can be very expensive plus additional devices, parts, repairs, upgrades etc.
- Quick Setup - you can be mining cryptocoins in 24 hours time from the moment we receive payment confirmation for your Mining Power
- Energy Bills - you dont need to worry about unexpected electricity bills with our all included Etherum cloud mining contracts
- Maintenance - save your time and money on maintenance, hardware upgrades, software updates etc