How to invest money in Bitcoin Mining?
How to invest money in Bitcoin Mining?
Cloud mining - new way to earn money with HASHFLARE! With cloud mining you can make money and earn cryptocurrencies without major investment or hassle from direct involvement with hardware or software because we keep everything extremely convenient so you start making money immediately on a daily basis.
How to earn money by Mining Bitcoin.
Cloud Mining is a service that allows users to invest in cryptocurrency mining without the need to select, buy, and maintain cryptocurrency mining equipment, which requires a certain degree of technical knowledge. It allows users to purchase mining contracts in which they rent mining equipment for a certain period of time.
There are many ways of investing in cryptocurrencies. The most common are to trade them or buy and wait for the price to go up. However, these require a certain degree of research and/or rely on price speculation.
Cloud Mining relies on the premise, not that the price will go up, but that the network is stable and that mining conditions will remain favorable. Higher prices attract more miners and increase the difficulty (reducing payments for miners), while a stable network ensures predictable payouts and a foreseeable return on investment.
If you want to tell your friends that you are mining crypto and you want to help the network grow then get a mining contract. If you expecting to make a lot of money out of it, you may want to consider another investment or source of revenue.
What is Hashflare
HASHFLARE is a cloud mining service provided by HashCoins, a reputable crypto team that has been involved in blockchain since the inception of Bitcoin and has over 3 years of experience in cryptocurrency mining operations.
HASHFLARE makes cryptocurrency mining accessible to anyone for an extremely low entrance point, meaning that anyone can try out a contract on a small scale to test the system. Furthermore, Mining is not the only way you can earn with HashFlare, you can also profit from an affiliate agreement.
HashFlare's mining equipment is stored in a hi-tech facility, design to house and host cryptocurrency mining equipment, which is kept within the best temperatures to ensure the longevity of the equipment and its performance. Furthermore, HashFlare contributes to decentralization by allowing you to choose between multiple mining pools.
How to Buy a Mining Contract
Part 1 - Create an account
We are going to show you how to buy a Hash power for Bitcoin mining but HASHFLARE also provides contracts for Bitcoin, Ether, Litecoin and Dash.
Step 1: Click here to register an account with Hashflare
Step 2: Enter your account information and click "Register"
You will be taken to your Dashboard. This is where you will perform all Mining related operations and where you'll be shown all relevant announcements. We can see in the announcements that we need to confirm our account and to provide a withdrawal address, so let's get to it.
Step 3: In order to be able to withdraw funds, confirm your email address
Step 4: Now we need to add a Bitcoin address to receive payments. Click "Settings"
Step 5: Enter your Bitcoin address in the correct field (1) and click "Save" (2)
While you're in settings you can also configure your personal details (This may be required if you want to pay with credit card or bank account) and active 2-factor authentication to improve security. You can also select a cool Avatar like we did.
Part 2 - Buy hashing power
Step 1: Now it's time to buy our Mining Contract. Click "Buy Hashrate"
Step 2: Select your algorithm. Bitcoin uses SHA256 so we'll choose that. (Litecoin uses Scrypt, Ethereum uses Ethash, and Dash uses X11)
Step 3: Drag the bar to select your hashrate like so:
Hashflare allows users to enter the world of mining for as low as $2.20, so we'll try that out. We can move to a higher hashrate later on, the price always stays the same.
Step 4: (Optional) If you have a preferred mining pool, you can scroll down and click the mining pool settings
Step 5: (Optional) Drag the bars to choose your preferred pool settings and click "Save"
Step 6: After you've chosen your desired mining power, click "Proceed"
