Cloud Mining (Genesis-Mining )
I started cloud mining with Genesis-mining on 25th July 2017. The payout is good. If you wanted to involve in cryptocurrency mining and do not have the resources like me, you might consider Genesis-mining.
Why do I think cloud mining is great?
First of all, I do not need to purchase equipment or hardware to start mining. In other words, I do not have to invest a lot of money. Genesis-mining offers as low as 30 USD mining plans to their customers. Here is an article on Bitcoin mining hardware. He did a full list of mining hardware and prices, however this article only talks about Bitcoin mining. There are other coins that can be mined as well such as Ethereum, Dash, Monero and Zcash. Currently, Genesis-mining only offer Zcash, Ether and Monero mining. Secondly, I do not need to take into consideration on the electricity cost. The electricity cost comes from the power consumption by the hardware and the cooling system (might be optional based on the scale of your mining rig). Lastly, I care no more about maintenance. I do not have to scratch my head when there is a breakdown. The downside of cloud mining is the legitity of the business. We usually go through reviews or word of mouth before we start any investment. At the end of the day, it is all about trust and investing the amount of money that you can afford to lose. Visit Genesis-mining farm with Boxmining, and you will have a better understand about mining farm.
Checklist before mining:
- Find out the coin that you are interested to mine, such as Bitcoin, Ethereum or Zcash
- Find out the hardware needed to start mining such as ASIC, GPU or CPU
- Find out the mining profitability of the coin
- Find out which mining pool to join or solo mining
- Find out on how to build a mining rig
Hello @lovelyloon
Nice article !!
Now i'm following you.
Hope to get more interesting articles in future.
@shivangi
Please join me :-)
Thanks, looking forward on your articles :D