Hello everyone I am here to complete a task that is given by a professor @besticofinder

1. what is cloud mining ?

Cloud mining is the process of bitcoin mining utilising a data centre with shared processing power this type of cloud mining enables users to mind bitcoins or alternative cryptocurrencies without managing the hardware So cloud mining is provided as a service there is generally some cost and this can result in lower returns for the minor basically you buy mining contracts with them and they pay you the profits there are many cloud mining scams which we will discuss later in this post currently since the bitcoin price has surged higher profitability of their bitcoin SH 82569 contracts is very attractive you can get your money back in 2 to 3 months however this depends on the difficulty of mining in the bitcoin price market for mining reduces the profitability as well.

2. What are the best cloud mining platform?

Genesis mining is best cloud mining provider been around for few years Genesis mining has a mining family located in Iceland and they say they have many similar farms around the world it is founded by Marco string who was an early bitcoin and faster he has been on tick-tock see the link below for the link to the Tata I have a really good knowledge of the actual Iceland mining firm box mining they provide open-ended like lifetime contracts for bitcoin mining which is very attractive however the contract player has been around for a few years now I like jealous mining
They have a few pictures Facebook very convincing also a few months ago they change the terms of a bitcoin mining lifetime contract to only one year which is not many other users currently they are the only one I know that offers bitcoins which is very profitable right now also after using I do like cash for one photo better easier to navigate compare to Genesis mining

3.Advantage and disadvantage of cloud mining

Ya I think bitcoin self is a risky investment claud mining is even riskier the reason is because they are in a remote location and we haven’t seen there has been small cloud mining companies that turn out to be Ponzi scams so do your own research before putting any money also mining depends on difficulty and a price of the crackdown which is hard to protect however I think Genesis my name would be my topic point contracts are sold out so for now I will go with Haslar ideally I would put between us to put more weight and Genesis mining