How does cloud mining bitcoin work?

Moderator: kyletorpey

How does cloud mining bitcoin work?

by prats » Thu Apr 17, 2014 6:28 am

Hello Friends

Any Idea, How does cloud mining bitcoin work?
 
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Re: How does cloud mining bitcoin work?

by kyletorpey » Fri May 23, 2014 11:28 pm

Cloud mining is usually viewed as the easiest way to enter the Bitcoin mining space. With this form of mining, you are basically purchasing a share of someone else's mining hardware. The main reason that this is the easiest way to mine bitcoins is that you don't have to worry about purchasing hardware, maintaining that hardware, or paying for the electricity associated with powering that hardware. All you need to do is purchase a contract and then watch the bitcoins start coming into your wallet.
 
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