Hello to all the friends today I will be doing another homework for the steam Crypto Academy I am a little late but it's ok because I was doing research on this topic I was trying to understand them completely not just copy paste because that won't be helpful now when I have some idea about all these things I can understand and I can try to explain it in easy way so that is what I will do not thank you so much for the lectures to all the processes in stream Crypto Academy  start the homework

what is cloud mining

source

 cloud mining is that mining in which you don't own a hardware or a system for mining you use other people's machines and hardware to mine cryptocurrency and for that hardware you pay them a certain amount of money e through a contract it is like renting  someone else is hardware for your own work so you will rent a hardware from someone for mining we will take care of all the maintenance electricity and all the technical work and you will get all the benefits you will just pay that person a one time fee it will be fixed that is what we call cloud mining You can take the service of a company there are really huge companies in the market they have got many computers more than you can imagine and they provide all the services online switch not just one person that you can rent their computer there are big companies and they provide all the services of cloud mining I will say  cloud mining is for lazy people who don't want to do anything themselves for its for those people whom just want to know what mining really is for fun they can use cloud mining services they don't know any technical things about mining

 what are the best Cloud mining platforms

There are many cloud mining platforms in the market I will name a few the most famous and the trustworthy the platform that I have found When I Was researching and these platforms are old enough

IQ mining

This is one of the oldest mining website in which you can get daily basis returns on your investments I mean that you will have to calculate it yourself but yes they say that you will get your returns on daily basis and one more thing this website offers trading also you can trade here and mine at the same time this website is  old enough it was launched in 2016 it's been  5 year census running amazing   I don't see any bad reviews about this one so I think this is one of the best website for cloud mining if you want to get into and the best thing is that daily pace return system nh21 so yes that's also a big advantage for this website 

  Crypto universe

source

 

this is also that one of the biggest website in the cloud mining market and many people trust this website for their work you may have heard of this website somewhere because many people at this website in there list whenever there talking about cloud mining This website is also old enough it was launched in 2017 it's been running for four years which is quite cool network for me at their working in four years without any Bad review then I can trust it you should do your own homework before investing and this website is located in Russia I mean their work stations are located in Russia for now In my view this is also one of the best websites in the market if you want to invest who to their website Threads compared with other website I will suggest to your homework and then invest

Genesis mining

source

 one of the oldest website in the market and one of the first website for platform they  and again many people trust this website in this is one of the top websites in mining market the problem with this website is because so many people  use this website it's almost all the time out of contracts and they always provide big contracts life for long-term Investments so ja I will suggest to check out this website in my view I think this is one of the best website for cryptocurrency cloud mining

 advantages of cloud mining

 first of all you don't have to hear that noise in your background whenever you are working or trying to sleep that fan noise when you turn on your machine for Crypto mining and as you all know that you will have to keep it on all the time it means the noise is there for lifetime Subah cloud mining you don't have to worry about that you can sleep in peace

 second advantage I think is that you don't have to learn all the complicated technical things that are required to to setup a mining machine it's not that simple to plug and play there is a problem with your computer or with the  software and you don't know the technical thing then you will have to wait for someone to come and meanwhile you are losing everything because in Bitcoins or any other Crypto mining every second is important so that is also an advantage

The third advantage I think is that you don't have to worry about space I mean if you are doing mining at home of course you will have to spare room for some place for this because you can't do anything else in that place first you don't want to to disturb you mining and you can't you do anything over there because of the noise and because of so many wires so that is also an advantage that you don't have to spare a separate space for this

 disadvantages of cloud mining 

The first advantage is that most of the websites online are   fraud or scam  they will tell you that they will provide Cloud Mining in a really good price and when you buy that home nothing and it happens all the time so that's why you will have to be really careful with all this

 before taking any cloud mining service please to check the reviews and CF there showing the said their facility to the public or not if they are not then don't trust them 

The Secret advantages of course less profit because you are earning less than you should I'll be honest if you bye a system you can use it for something  else as well if you don't want to do mining somewhere in the future you can sell it back you can make proud profit of that you can use it in your home like a PC or something in about less profit of course if you use your own Hardware at your home you will make double of the money that you are making in cloud mining because they won't tell you but they will take some hidden charges like maintenance p and all that fees you want you can count them in your calculation when you buy cloud mining service at the end of the day you will and very less

---

---

@besticofinder
@steemitblog
@steemcurator01
@steemcurator02