Hashflare Cloud Mining Contracts!!

3 months ago
56 in cloudmining

HashFlare

What is Cloud Mining

Cloud Mining is the process of bitcoin mining utilizing a remote data-center with shared processing power.This type of mining allows users to mine bitcoins or alternative cryptocurrencies without having to manage their own hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner.
There are many cloud mining scams!!

Pros & Cons

PROS

  • No configuration of programs or equipment
  • No messy algorithms involved
  • No need to manage equipment
  • Easy to maintain and transfer funds

CONS

  • Management costs- hardware and software
  • Security- some mining pools are scams
  • No control

Here is a book that can better explain cryptocurrencies and bitcoin. CLICK HERE FOR GOOGLE BOOKS ON CRYPTOCURRENCY

HASHFLARE FAQ SHEET
https://hashflare.zendesk.com/hc/en-us

1 post referenced by @flandude about cryptocurriences

HashFlare

Authors get paid when people like you upvote their post.
Join our amazing community to comment and reward others.
Sort Order:  trending
·
56
  ·  3 months ago

Steem is still hands down my favorite and in my opinion, the most underated ! Thanks @danilamarilu

65
  ·  3 months ago

Cool post bro, steem on!

·
56
  ·  3 months ago

@ballinconscious Thanks bud! As soon as I recover my accounts I am going to be ready for more trade action!

·
·
65
  ·  2 months ago

Awesome, sounds good to me :)