How to mine Bitcoins with cloud mining

Genesis mining code KD76tg for an extra 3% hashpower

There a new concept called “cloud mining“. This means that you do not buy a physical mining rig but rather rent computing power from a different company and get paid according to how much power you own. At first this sounds like a really good idea, since you don’t have all of the hassle of buying expensive equipment, storing it, cooling it, etc.

Genesis mining code KD76tg for an extra 3% hashpower

However, when you do the math it seems that non of these cloud mining sites are profitable in the long run. Those that do seems profitable are usually scams that don’t even own any mining equipment, they are just elaborate Ponzi schemes.

Genesis mining code KD76tg for an extra 3% hashpower

If you do want to take a look at cloud mining I suggest using Genesis Mining – the only cloud mining company that has been around long enough to prove it’s not a scam. But make sure to do the month before putting your money into any of these plans.

Genesis mining code KD76tg for an extra 3% hashpower