What is Bitcoin Cloud Mining?

in #bitcoin9 years ago

Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres. Two operators, Hashflare and Genesis Mining, have been offering contracts for several years. Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues.

Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres. Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble.

Genesis mining: https://www.genesis-mining.com/a/162296 affiliate code 3% discount is yHELU7
Hashflare: https://hashflare.io/r/CE96982A

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you are not going to get far on steemit posting ref links.

Got into Genesis mining a few weeks ago for ETH contracts and was doing them in bigger MH bulk buys, but I started doing it just +1/2/3 MH/s increments at a time so I could use other people's affiliate codes and hoping they will use mine next time too!

I just used yours, it was only for +1 MH/s but looking to spread the love! I followed you also, trying to connect with people here on STEEMIT!

Next time you upgrade your hashpower use my code! NkQanX

Any contract upgrade is fine, I am investing in ETH myself but appreciate the return love of any Hashpower!

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