Have you ever thought of making money from the comforts of your own home? Then it is time for you to start learning how to do it. This requires you know a little about bitcoin and cryptocurrencies which you can do here.
Making money doesn’t demand that you have a lot of technical knowledge it requires that you have some money to invest. Once you have invested your money the cloud mining company take care of everything for you. But before you invest, I will go over some basics.
Being aware of how long the contract will run is essential.
Some contracts have maintenance fees, and they are usually given in $X.XX per 1 M/Hs and you then need to calculate, so it fits your amount of hashes.
What is the history of the company behind the service? If it has a long and reliable history or a new player on the market. The newer the service, the riskier the investment.
Just because you calculate a profit her and now it is not a certainty you will profit from it in a year or two. It depends on some variables which are market price, difficulty and change in maintenance fees.
Payout thresholds vary from service to service therefore make sure you have bought enough power to meet the minimum payout. With most mining services it is matched so you can not buy less than in needed in a year to get a payout.
I have a few suggestions based on companies I have had good success with. I can not give you specific prices since they change depending on supply and demand. The same goes for maintenance fees, but the companies I recommend is good at informing you of changes.
An Icelandic company with a good track history, I have never had a problem with them. Their contracts are usually 2 years. They are sometimes a little slow on the payout, but it will come this especially goes for Ethereum contracts.
The benefit of using Genesis Mining is that you can change what coin you paid, besides that it is one of the longest-running cloud mining companies you can check them out right here. And if you use the promo code “9fqezM” you will get a 3% discount on your purchases. And you can use it every time you buy hashing power.
A company I have been with for some time now. Their contracts are all for one year, and you will get the possibility of buying small amounts of hashpower, and if you are mining bitcoin, you can set the service to automatically reinvest your earnings so you can build up your profits with a minimal investment amount. You can sign up right here.
HashFlare gives you the possibility of setting up mining pool allocation as you see fit but my experience is that keeping it in their standard setting will provide you with one of the highest returns.
A mining company I have used for less than one year but still no problems, they only offer Bitcoin mining, but if you want to expand your hashing power, you can either buy a new contract or go to their auction page where other users are selling their power. You can sign up right here.
What is mining
If you still are not sure what mining is, then wi have included this video explaining what mining is.
The video is from the chanal Techquickie and explains what mining is in an easy to understand the way.