Compare and profit with cloud mining
Many have heard of it, many use it and probably very soon everyone will use it.
Mining is the backbone of distributed and decentralized networks like Bitcoin.
With no central authorities in control of verifying the transactions, peer-to-peer verification helps in bringing the authenticity factor to the network.
So, why do individuals put in their time, effort and flush money on devices which helps in verifying the transactions made on the network?
The process of verifying a crypto trade by peers is called mining.
The mining process is applicable to only those cryptocurrencies which use Proof Of Work (PoW) algorithm for transaction verification. Bitcoin , Ethereum , Litecoin , and Bitcoin Cash are some of the top cryptocurrencies which make use of PoW, making them mineable.
Is Cloud Mining a Good Investment Option?
Yes, the current trade market volatility and falling prices of cryptocurrencies does not allow to maintain a profitable balance while operating a solo mining rig. The curent profit margins have gone so low that it does not even compensate for the setup cost. So, Cloud Mining are definitely the way to move forward and earn some profits.
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