Crypto Academy Week 5 Homework Post for Professor @besticofinder | Cryptocurrency Mining Part 2|

in SteemitCryptoAcademy3 years ago

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Good morning, we continue to learn every day with these important tasks on the use and mining of cryptocurrencies, I am new to this and each of your classes have helped me in the development of my skills. thanks.

What is Cloud Mining?

Nowadays, the use of cryptocurrencies is becoming more and more traded, and at the same time, the competition among miners is increasing, because everyone wants to mine cryptocurrencies. In this activity, only the best are those who use the most advanced mining equipment and the use of low-cost electricity.

Cloud mining allows us to access the processing capacity of data centers and obtain cryptocurrencies without the need to purchase the appropriate hardware, software, spend money on electricity, maintenance, among others.

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What is cloud mining for?

Cloud mining is very useful and cost effective for all those people who do not yet understand all the technical aspects of the process and do not want to run their own software or hardware.

What are the best cloud mining platforms ?

MinerFarm

Es uno de los sitios de minería en la nube gratis más conocidos. Ha establecido el renombre de ser confiable, accesible y fácil de usar.

MinerFarm funciona al ofrecerte 100Gh/s gratis tan sólo por registrarte en su sitio. Los retiros son fáciles y rápidos, y también ofrecen servicio de atención al cliente.

Multimining

Aunque cuenta con proveedores de minería en la nube de paga, Multimining tiene su propia versión de minería en la nube gratis. Te ofrecen 30 GH/s como un plan de por vida al registrarte en su sitio.
Lo mejor de Multimininng es que también tienen un programa de referencia - si invitas a más personas a su sitio, comenzarás a ganar más cripto.

EOBOT

EOBOT es menos conocido entre los otros sitios de minería en la nube gratis.
Aunque no es inherentemente gratis, EOBOT ofrece buenos planes de minería en la nube por tarifas casi imperceptibles.

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Discuss the advantages and disadvantages of cloud mining ?

Cloud mining offers people the opportunity to get into the world of mining cryptocurrencies without the need to invest in expensive hardware and software equipment.
When you talk about mining Bitcoin in the cloud, this becomes a bigger issue, Bitcoin is known to be one of the slowest crypto currencies to mine. This is due to its popularity and market capitalization.

What are the advantages of bitcoin mining in the cloud?

  • You don't have to deal with the excess heat generated by the machines.
  • You don't have to pay for electricity
  • You don't have to sell your mining equipment when it is no longer profitable.
  • You won't have ventilation problems with the equipment, which tends to get very hot.

What are the disadvantages of bitcoin mining in the cloud?

  • Fraud
  • Transactions with bitcoins cannot be verified.
  • Lower profits - bitcoin mining services in the cloud or operators have expenses
  • Bitcoin mining contracts may allow trading or payments to cease if the price of bitcoin is too low
  • Not owning the mining equipment
  • Not being able to change the mining software.

Thank you @besticofinder, for such a good lesson, I have had an excellent learning experience.

Special thanks:
Cc: @Steemcurator01
Cc:@Steemcurator02
Cc:@trafalgar
Cc:@Steemitblog

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Hello @makm ,
Your article is with plagiarism
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Please submit only original content [0]

Thank you

I don't agree with you saying that my content is plagiarism, but I will continue to do my homework, thank you.

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