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- 1 Cloud mining has become hugely popular because of its several benefits.
- 2 With some notable providers, this technology is giving profit-making opportunities to every crypto user.
Cloud mining is an expensive affair, it involves setting up sizable hardware and guzzling lots of electricity. For a very long time, it remained an obstacle for people who wanted to indulge in this activity. It stipulated infrastructure, resources, and a massive outlay. But all this changed with the beginning of cloud mining. It made it possible for people to invest in crypto mining and earn from it without going through all the hassles.
To understand it, take an example. Mr. X wants to start mining but he lacks space and resources. So instead, he chooses a mining service provider. They will take money from him and will mine crypto on his behalf. They’ll charge some fee for their service and share the earnings with him. For obvious reasons, cloud mining has emerged as the preferred choice for many people out there.
The service has enabled investors to pocket decent profits without going through the whole rigmarole. In the last few years, various mining service providers have emerged.
Mining Websites That Every Crypto Investor Should Know About
With cutting-edge technology, high payouts, and amicable services, these websites are making cloud mining an attractive option for everyone.
HappyMiner
Being one of the early entrants in this niche, HappyMiner serves around 28 Million customers. It has delivered impressive profits and daily payouts without charging an administrative or service fee. It allows the investor to have a diverse portfolio too. They can also earn commissions while enjoying good services.
BeMine
BeMine is known for quite a few highlights. They introduced cloud sharing of ASIC miners for the first time while offering services exclusively in Russia and CIS nations. Also, it brings together individuals, miners, and Russian data centers to participate in this activity. It allows the participants to buy and store the equipment too.
Awesome Miner
Awesome Miner is known for providing dashboard and FPGA devices from one location. It gives the investors access to updates about the mining rigs too. They can check the performance, downtime, device status, and temperature. It inducts a web-based interface that gives precise updates on hashing power, temperature, fan speed, clock speed, and GPU properties.
Ecos
Ecos is known for being the first legal mining website. It also works as a DeFi platform and boasts of having 100 thousand users globally. The company struck a deal with Armenia’s leading electricity suppliers before setting its base there. Founded in 2017, it mines all the major cryptos including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and many others.
Crypto Universe
Crypto Universe is known for offering lucrative plans and contracts to its investors. Its base is located in the northern part of Russia where the electricity rate is lower. It provides categorized tariffs for mining with two types of contracts. The platform lets users buy the equipment and bring forth some crypto affiliate programs too.
Conclusion
Crypto mining has turned out to be a highly profitable and feasible arrangement for everyone. The service providers keep experts who mine proficiently and reduce the risk of wasting the hashes. It gives a chance to every individual to dabble with this option even with a little investment. On the other hand, kicking off a new facility becomes a near-impossible task. So, it seems that crypto mining will get bigger and more lucrative for everyone across the globe.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
