How do i earn bitcoins if i don t have a bitcoin mining machine - I became rich using this method and now I make over $10,000 monthly.
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Scott Evans
15.01. 2018 23:31  | 

Mining any cryptocurrencies is a pretty big investment that require lot of money for hardware, electricity bills and so on, if miner want to mine using their own mining rig. Especially when we are talking about Bitcoin, where so called traditional mining or mining from home is impossible so you need to buy specially hardware made for the purposes of the mining, and it costs, a lot. But of course, there are other option how you can get cryptocurrencies without buying you own mining machines. Cloud mining is that option. The only thing you need is home computer for communications and bitcoin wallet. Mining machines are property of mining company and the customer simply needs to register and purchase mining contracts or shares.

If you are thinking about investment in the cloud mining, you should know that there are 3 types of cloud mining. Hosted mining where mining machine is hosted by the provider. There is a form of cloud mining based on a virtual hosted mining with the virtual private server and mining software. The third type of cloud mining most popular is mining that refers to leasing hashing power.

When it comes to advantages and disadvantages of the cloud mining you should know this. Mining machines could warm up pretty much and they are using lot of electricity, so advantage are home without noise, you don\'t need to invest in ventilation system and there are no huge electricity bills. If mining fails, you don\'t have lot of hardware to sell. Disadvantages of this kind of mining including frauds, there are many mining clouds that are nothing but scam. It is less profitable than using your own machines for mining and there are some additional costs.

Here an advice. Before choosing any kind of above mentioned mining type you need to do research by your own, from reliable sources, to minimize risk and to get knowledge about cryptocurrencies.

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