Friday, August 18, 2017

What is cloud mining? Best cloud mining site

Bitcoin Mining

Bitcoin is the first open-source, decentralized and most popular Cryptocurrency. Bitcoin cloud mining uses the SHA256 algorithm and is mined with specialized ASIC-Hardware. Earned Bitcoin can be autotraded in the dashboard to Litecoin, Dash, Zcash and other Cryptocurrencies.

What is cloud mining?

Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of mining allows users to mine bitcoins or alternative cryptocurrencies without having to manage their own hardware. One only needs a home computer for communications, optional local bitcoin wallets.

Recommend Bitcoin mining contracts?

Genesis Mining is a company that sells bitcoin mining contracts and is currently one of the largest cloud mining company in the world. The company is active in the bitcoin community. Their services allow customers to purchase mining contracts, which allow them to mine Bitcoin and Altcoin through a cloud-based computer network. Their mining farms are based in Iceland, Canada and Bosnia.
Why is it more profitable to mine with Genesis Mining?

Thanks to some great partnerships have established with hardware producers, as well as to genesis mining large scale purchases, genesis mining get better mining prices on genesis mining employed technology. This means we buy the hardware cheaper than the market price. What also bears great importance, considering the maintenance costs, is the storage of the miners, have several farms around the globe, and each location was chosen to fulfill two important criteria: cheap electricity supply and little or no need for cooling.

There is much beauty in purchasing and setting up your own hardware, we know that. But it’s for those who are technically very skilled, can solve tricky complications, and generally see the fun in maintaining a complex construction rather than in earning profit with it. For most people these are annoying, unnecessary difficulties, and our solution is targeted exactly at them. To put it simple, genesis mining service is providing a better mining experience at a lower bitcoin mining cost.

There are many who tell us that they can mine cheaper by themselves according to their calculations. However, it always turned out that they forgot about one or more of the above listed costs. We did our calculations, and we think it's impossible to mine more profitably on a smaller scale, at home and by yourself.

Pricing Plans:

Advantages to clients:
  • #1 trustable cloud mining service in the world
  • Over 100 000 active users
  • Customer protection and security

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