TheCRYPTO ACADEMY WEEK 5 HOMEWORK POST FOR [@besticofinder]:10-03-2021|| Introduction to Cryptocurrency Mining - Part 2 ||

Hello my fellow steemians,
Am happy to participate in this tasks and I have learnt a lot of things there.
Thanks be to @besticofinder for providing this lecture and it a eye opening.

CLOUD MINING: is a system that compute all the service in the internet and all the items include tools and applications like data storage, servers, databases, networking, and ssoftware which does not require hardware.

CLOUD MINING:
Is a process of cryptocurrency mining for a basic cost, makes mining reachable to a wider vast number of people across the world. Since this form of mining is done through the cloud, it reduces issues such as hardware maintenance of equipment or direct energy costs.

Cloud miners become a partaker in the mining, where users purchase a certain amount of (hash power) and also earn from hashing power generated.
Cloud mining also save a lot of cost from the miner that supposed to spend in equipment maintenance.
THESE ARE THE BEST CLOUD MINING

1. IQ MINING
2. HASHSHINY
3. ULTRA MINER
4. BEMINE
5. EOBOT

IQ MINING:
IQ mining started in the year of 2016, and the company provide every equipment that will warrant the users to rent them out to join cloud mining. Within a limited time.
There are three different packages available in IQ mining.
Bronze Packages
Silver Package
Gold Packages

HASHSHINY:
Hashshiny is a mining platform for mining Bitcoin (BTC) which is safer to use and works faster. It was developed in the year 2017, and since that time, it is working in the industry.
It is one of the top cryptocurrency cloud mining platforms present. It offers around 1.5 percent of the Bitcoin (BTC) hash rate of the world.

ULTRA MINER:
They have gained so much popularity, platform provides four packages for bitcoin cloud mining. It has the lowest investment plans among all other mining platforms. It is an unregulated platform.

BEMINE:
![Screenshot_20210311-020
BeMine unites Russian data-centers, as well as miners and individuals who want to participate in cryptocurrency around the world. Miners are invited to store their equipment in partnered data-centers, while users can purchase and store mining equipment, without the need for personal presence during the purchase, transportation, installation, configuration, and maintenance.

EOBOT:
Eobot provides innovative mining services for its users with a wide range of tools. It provides a wide range of cryptocurrencies to let the user trade in between.
There is a feature called ‘Eobot crypto Faucet” through which the website randomly gifts a small amount of cryptocurrency on daily basis to users. The membership is free on the exchange and also there are no monthly fees.

CONCLUSION

Cloud mining is becoming the top crypto and bitcoin. The reason is very simple. Cloud mining makes mining more easy and convenient. By using the cloud, you can avoid the inconvenience and stress of using hardware at your own pace, although cloud mining can have some drawbacks, it does have advantages.

Thank you professor
@besticofinder
@steemcurator01
@steemcurator02