What is Cloud Mining?
This is an alternative to mining bitcoins yourself. This can also be referred to as bitcoin mining by proxy. What do I mean? Now instead of going through the hassle of buying a hardware and putting up with heat and incessant humming sound generated by bitcoin miners, you could make a contract with a mining company to mine the coins for you in return for a commission. This is possible because some firms have mining farms filled with different bitcoin miners. This provides you the added benefits of having no excess heat to deal with, no electricity costs, no ventilation problems with hot equipment, no preordered bitcoin mining hardware that may not be delivered on time by bitcoin mining equipment suppliers.
Nowadays there are so many sham companies claiming to provide cloud mining services. It pays to wade into this venture with both eyes wide open. Of all the Cloud mining service providers in existence, the most recommended is Genesis Mining.
Genesis Mining is the world’s leading and most transparent hosted hashpower provider for Bitcoin and Altcoins. Reliable & Customer Oriented. Genesis Mining is also the largest Bitcoin and scrypt cloud mining provider. GM offers three Bitcoin cloud mining plans, all of which are affordable and they include: 200 GH/s ($30/Lifetime Contract), 2,000 GH/s ($350/Lifetime Contract), and 15,000 GH/s ($1,950/Lifetime Contract). These plans cost $0.15, $0.18, and $0.13 per GH/s, respectively.
In addition to bitcoin mining, they also offer Zcash mining contracts which are, $29 for 0.6 H/s, $280 for 6 H/s, $2,600 for 60 H/s. Remember what we earlier said about Hashes and how the greater the hash, the more likelihood of solving a block.
You can get a 3% discount when purchasing any of these mining plans with Genesis-Mining using this Promo code(kzQvUP). In cloud mining there is no need to register with a pool. To commence cloud mining with Genesis-Mining click here.